At Novemeber 1, Sadaf Oman Companyreported equity of RO 64,000. DuringNovemeber, no capital shares were issuedand the company suffer from a net loss ofRO 8,000. If equity at Novemeber 30 totalsRO 42,000, what amount of dividendswere paid during the month?Select one:O a. RO oO b. RO 6,000O c RO 2,000d. RO 14,000

Dividend: It can be defined as the distribution of the net profits of the company to its…

Answered: At Novemeber 1, Sadaf Oman Company…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Helmuth Inc's latest net income was $1,500,000, and it had 225,000 shares outstanding. The company wants to pay out 45% of its income. What dividend per share should it declare? Do not round your intermediate calculations. O a. $2.31 O b. $3.24 O c. $3.00 O d. $2.28 Oe. $3.21
5. Magenta Corporation declared $0.70 per share cash dividends on September 18. The dividends were recorded and paid on September 23 and September 29, respectively. Magenta Corporation had 50,000 shares outstanding with par value of $1. The journal entry to record the transaction on September 29 is … a. Cash Dividends $35,000 Dividends Payable $35,000 b. No journal entry required on this date c. Retained Earnings $50,000 Cash Dividends $50,000 d. Dividends Payable $35,000 Cash $35,000
The Crestar Company reported net income of $142,600 on 26,000 average outstanding common shares. Preferred dividends total $12,600. On the most recent trading day, the preferred shares sold at $56 and the common shares sold at $86. What is this company's current price-earnings ratio? (Do not round your intermediate calculations.) Multiple Choice 15.68 17.20 18.23 None of these answers are correct.
The market price for Microsoft Corporation closed at $101.57 and $85.95 on December 31, current year, and previous year, respectively. The dividends per share were $1.68 for current year and $1.56 for previous year. a. Determine the dividend yield for Microsoft on December 31, current year, and previous year. Round percentages to two decimal places. Current year fill in the blank 1% Previous year fill in the blank 2%
Financial Ltd has R2 par value ordinary shares in issue which are currently trading at R30 per share. Financial Ltd is expected to pay out a dividend of R5 per share next year. Calculate the company’s cost of equity if no growth in dividends is expected (rounded to two decimal places). a. It is not possible to determine as no growth is expected. b. 6.67% c. 12.50% d. 40.00% e. 16.67%
Using the information for The Great Cookie Company presented in the table below, determine the following: Highest price paid for a share of stock in the last 12 months. The last price paid for a share of stock on this trading day. Lowest price paid for a share of the stock in the last 12 months. Additional Resources Year-to-Date % Change 14.62% EPS $1.13 52-Week Hi $40.20 PE Ratio 31.07 52-Week Lo $28.44 Volume 2,810,000 Dividend $0.88 Close Price $35.11 Yield Percentage 2.51% Net Change 1.07 1. Highest price paid: $ 2. Last price paid: $ 3. Lowest price paid: $
At the end of the year, InstaChat Corporation reported the following: Total assets = $800,000 Total liabilities = $500,000 Common stock = $220,000 Retained earnings of $80,000 How much is total stockholders' equity? Do not include commas, dollar signs or text. Answer:
Helmuth Inc's latest net income was $1,415,000, and it had 250,000 shares outstanding. The company wants to pay out 45% of its income. What dividend per share should it declare? Do not round your intermediate calculations. a. $3.11 Ob. $1.91 c. $5.66 Od. $8.21 O e. $2.55
A B FOR GRADIN PROBLEM 1 (5 POINTS) F G H Laurin Limited had 101,000 shars outstanding on Jan 1, Y4. On March 31, Y4 Laurin issued 23,000 shares in exchange for equipment On July 1, Y4 Laurin repurchased and cancelled 24,000 shares On October 31, Y4 Laurin declared and issued a 20% stock dividend REQUIRED Calculate Laurin's weighted average number of shares outstanding at Dec 31, Y4. Event Dates Outstanding Shares Fraction Weighted Outstanding Restatement of year Shares Beg bal 1/1-3/1 101,000 1.20 0.17 20,200 sold shares 3/1-7/1 124,000 1.20 0.33 49,600 repurchased 7/1 - 10/1 100,000 1.20 0.25 30,000 stock div 10/1 - 12/31 120,000 0.25 30,000 129,800
6
1. Gross margin percentage 2. Earnings per share of common stock

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