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RoseWind [281]
3 years ago
5

Valiant Corp. is a C corporation that earned $4.6 per share before it paid any taxes. Valiant Corp. retained $1 of after-tax ear

nings for reinvestment and distributed what remained in dividend payments. Assume that the corporate tax rate was 35% and dividend earnings were taxed at 13.1%. The value of the dividend earnings received after-tax by a holder of 95,894 shares of Valiant Corp. is $_____.
a. $105,875.
b. $127,050.
c. $148,225.
d. $84,700.
Business
1 answer:
enyata [817]3 years ago
6 0

Answer:

$ 165,830

Explanation:

Given :

Corporate tax rate = 35%

Before the tax EPS = $4.6

After the tax EPS =  before tax x (1 - corporate tax rate )

                            = 4.6 x (1 - 35%)

                            = 2.99

The retained earnings = $ 1

So the dividends received = EPS after tax - retained earnings

                            = 2.99 - 1

                            = 1.99

Tax on dividend = 13.1%

Number of total shares hold = 95,894

Value of dividends received = dividend received x (1 - tax rate) x number of shares.

                                              = 1.99 x (1 - 13.1%) x 95,894

                                              = $ 165,830.45

So the value of the dividends received after tax is $ 165,830

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Which type of insurance provides funds for a business organization to purchase the business interest of a disabled partner
Verdich [7]

Answer:

Disability Buy-Sell; The premiums are not deductible, but the benefits are received income tax-free.

Explanation:

5 0
3 years ago
The video title refers to a pay cut for the CEO. What prompted the board of directors to take this action
Valentin [98]

The thing that resulted in the board of directors taking the action regarding the pay cut for the CEO is due to A. Unethical actions in regard to a whistleblower's identity.

A whistleblower simply means an individual who can also be an employee for an organization or a government agency that discloses information to the public for wrongdoing.

Based on the complete information, it should be noted that the information illustrated was about Barclay's case study. Based on the information, the pay cut for the CEO wasn't due to the investigation by the Financial conduct authority but rather, due to unethical actions in regard to a whistleblower's identity.

Read related link on:

brainly.com/question/25481421

6 0
3 years ago
Alan Jackson invests $20,000 at 8% annual interest, leaving the money invested without withdrawing any of the interest for 8 yea
kondaur [170]

Answer:

a. $32,800

b. $37,019

c. $37,460

Explanation:

a. The computation of Total Amount Withdrawn by Alan when simple interest is shown below:-

Accumulated amount of money = Invested amount + (Rate of interest × Number of years)

= $20,000 + ($20,000 × 8% × 8)

= $32,800

b. The computation of Total Amount Withdrawn by Alan when annually Compounded is shown below:-

Accumulated amount of money = Invested amount × (1 + rate of interest)^Number of years

= $20,000 × (1 + 0.08)^8

= $20,000 × 1.85093

= $37,019

c. The computation of Total Amount Withdrawn by Alan when semi annually Compounded is shown below:-

Accumulated amount of money = Invested amount × (1 + rate of interest × Number of years ÷ 200)^16)

= ($20,000 × (1 + 0.08 × 8 ÷ 200)^16)

= $20,000 × 1.87298

= $37,460

Therefore we have applied the above formulas.

5 0
4 years ago
A union declares it will be engaging in a partial strike whereby its employees will alternate between working for a period of ti
nikdorinn [45]

Answer:

a. The employer is correct. The union must either strike or work—it cannot alternate between working and striking.

Explanation:

Since in the question it is given that that employee work for a less days or less hours prior walk off to the job again. Also the employer would claimed that the union does not have the legal right to have partial strike so here the employer is correct as the union could be do one thing at a time i.e. strike or work

So statement a is correct

7 0
3 years ago
Veronica owns a home, and when her children went to college, she was looking for a way to help finance their education. She went
natali 33 [55]

Answer:

True

Explanation:

Home equity loan is a kind of loan in which a person borrows against the equity of his or her home, i.e the home is used as a collateral. The loan that can be gotten by the individual is dependent on the value of the home or residence and this value can only be determined by an appraiser from the institution providing the loan. In instances when the borrower is unable to repay the loan, the lending institution can foreclose on the home which has been used a collateral.

Home equity loan can be used to finance expenses like education bills, medical bills and so on.

Therefore, Veronica took a home equity loan to help finance her children's education.

4 0
3 years ago
Read 2 more answers
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