1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Fittoniya [83]
3 years ago
6

2.A company began 2019 with retained earnings of $23.45 million. During the year, it paid four quarterly dividends of 0.25 per s

hare to common stockholders holding 1 million shares. Preferred stockholders, holding 0.5 million shares, were paid four quarterly dividends of 0.50 per share. The firm had a net profit after taxes of 2.18 million. What is the value of the retained earnings balance at the end of the year
Business
1 answer:
Naily [24]3 years ago
3 0

Answer: $23.63 million

Explanation:

First and foremost, we can calculate the quarterly common stockholder dividend which will be:

= $0.25 × 1 Million

= $0.25 million

Then, the annual dividend to the common stockholders will be:

= $0.25 million × 4

= $1 million

The quarterly preferred stockholder dividend will be calculated as:

= $0.50 × 0.50 Million

= $0.25 million

We would then multiply $0.25 million by 4 to get the annual dividend attributable to the preferred stockholders which will be:

= $0.25 million × 4

= $1 Million

Total Dividend would then be:

= Annual dividend to common stockholders + Annual dividend to preferred stockholder

= $1 Million + $1 Million

= $2 Million

The value of the retained earnings balance at the end of the year will then be:

= Retained Earnings at the beginning of the year + Net Income – Dividend

= $23.45 + $2.18 - $2.00

= $23.63 million

You might be interested in
If firms and households form their expectations about inflation by looking at past inflation, this form of expectations formatio
eduard

Answer:

B) adaptive

Explanation:

Based on the scenario being described it can be said that this form of expectations formation is known as adaptive expectations. These are expectations formed from a process in which individuals predict what will most likely occur in the future based on the data of what has already happened in the past.

6 0
3 years ago
The production possibilities curve is bowed out (curve) because
Korolek [52]

Answer:

as the price of a good increases,the quantity supplied decreases

7 0
2 years ago
Read 2 more answers
the relationship between the strategic planning process and portfolio management in an organization ______
Verizon [17]

Answer:

Explained below:

Explanation:

The Strategic Planning process is a planning process performed by the top-level management, to decide where the organization is willing to reach in the coming day and Portfolio management is the act of building and maintaining an appropriate investment mix for given risk tolerance.

Portfolio management in an organization is closely associated with each other as when the organization requires to do investment, it necessity be done through the  Strategic Planning process which is performed by the top-level management to minimize the risk.

3 0
3 years ago
In communication, what is purpose?
viva [34]

Answer:

C.

Explanation:

The purpose for communication is whatever the reason you would want to communicate in the first place.

mark brainliest please!

7 0
2 years ago
Read 2 more answers
What is the name given to the operations used by most organizations to
Dmitry [639]
Some thing with the first 5 elements of journalism mainly timeless also contrast and controversy
4 0
3 years ago
Read 2 more answers
Other questions:
  • Which jobs would be included in the Marketing, Sales, and Service career cluster?
    8·1 answer
  • What is 40+5+.6+.03 in word form
    7·1 answer
  • Difference between honors and regular classes
    14·2 answers
  • Sandra has been working for six months at TUV Technologies. During that time she has compiled an impressively long list of names
    7·1 answer
  • uppose that the resource base in Country X can produce either 100 units of alpha or 300 units of beta. Similarly, suppose that C
    7·1 answer
  • How can questionnaires be distributed to potential respondents?
    11·1 answer
  • Pina Colada Corp. issued 22000 shares of $1 par common stock for $40 per share during 2022. The company paid dividends of $53000
    5·1 answer
  • Yasmin listed a house at a 6% commission rate, and it just sold for $463,500. Her brokerage and the buyer’s agent’s brokerage sp
    5·1 answer
  • Lloyd Inc. has sales of $450,000, a net income of $36,000, and the following balance sheet:Cash $148,770 Accounts payable $117,4
    14·1 answer
  • For a conventional, conforming loan, the borrower is making a down payment of 12%. The seller wishes to contribute to closing co
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!