Enscoe Enterprises, Incorporated (EEI) has 280,000 shares authorized, 250,000 shares issued, and 20,000 shares of tr At this point, EEIl has $2,120,000 of assets. $280,000 liabilities, $540,000 of common stock, and $1,300,000 of retained Further, assume that the market value of EEI's common stock is $10 per share.
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- Zietlow Corporation has 2.1 million shares of common stock outstanding with a book value per share of 45$ with a recent divided of 65. The firm's capital also includes 2900 shares of 4.2% preferred stock outstanding with a par value of 100 and the firms debt include 2620 5.5 percent quarterly bonds outstanding with 35 years maturity issued five years ago. The current trading price of the preferred stock and bonds are 106% of its par value and comomon stock trades for 15$ with a constant growth rate of 16%. The beta of the stock is 1.13 and the market risk premium is 7% Calculate the after tax Weighted Avergae Cost of Capital of the firm assuming a tax rate of 30% (Must show the steps of calculation)Micellar Company had the following available information as of December 31, 2021: Preferred Share Capital, 3% Php150 par value, cumulative, 80,000 shares authorized, 10,000 shares outstanding Php 1,500,000 Ordinary Share Capital, Php 100 par value, 100,000 shares authorized, 35,000 shares issued, 34,000 shares outstanding 3,500,000 Share Premium 2,500,000 Retained earnings (unadjusted balance) 3,100,000 Treasury Shares, 1,000 shares at cost (80,000) Additional Information: 1. On December 29, 2021, the BOD determined that the company has ample cash and decided to declare dividends amounting to Php120,000. 2. The company did not pay any dividends in 2020. 3. Net income for the year was Php2,700 000. The amount of net incomp and dividends declared are yet to be closed to the Retained Earrings account. Requirements: a) Determine the amount paid to the preference shareholders in 2021 b) Determine the amount paid to the ordinary shareholders in 2021 c) Determine the amount paid to the…Safron Inc. has the following data about its common stock: Par value =$1 per share Authorized shares = 10,000,000 Outstanding shares = 4,237,000 Issued shares = 4,630,000 How many shares of treasury stock are there?
- Jackson Enterprises has the following capital (equity) accounts: Common stock ($1 par; 200,000 shares outstanding) $ 200,000 Additional paid-in capital 50,000 Retained earnings 250,000 The board of directors has declared a 15 percent stock dividend on January 1 and a $0.25 cash dividend on March 1. What changes occur in the capital accounts after each transaction if the price of the stock is $4? Round the number of shares outstanding to the nearest whole number and the other answers to the nearest dollar. The impact of the 15 percent stock dividend:Telanor Corporation reported net income of $300 million and a weighted average of 60,000,000 common shares outstanding. There are 3,000,000 convertible preferred shares outstanding that paid an annual dividend of $6. Each preferred share is convertible into two shares of the common stock. The diluted EPSOriole Corporation earned $474,360 during a period when it had an average of 118,000 common shares outstanding. The common shares sold at an average market price of $25 per share during the period. Also outstanding were 17,400 warrants that could each be exercised to purchase one common share for $10.
- Blossom Corporation has outstanding 150,000 common shares that were issued at $12 per share. The balances at January 1, 2023, were $19 million in its Retained Earnings account: $4.10 million in its Contributed Surplus account, and $0.90 million in its Accumulated Other Comprehensive Income account. During 2023, Blossom's net income was $3,300,000 and comprehensive income was $3,450,000. A cash dividend of $0.80 per share was declared and paid on June 30, 2023, and a 6% stock dividend was declared at the fair value of the shares and distributed to shareholders of record at the close of business on December 31, 2023. You have been asked to give advice on how to properly account for the stock dividend. The existing company shares are traded on a national stock exchange. The shares' market price per share has been as follows: Oct. 31, 2023 Nov. 30, 2023 Dec. 31, 2023 Average price over the two-month period (a) $31 34 Account Titles and Explanation 38 35 Prepare a journal entry to record…Umbrella Corp.'s common stock currently is selling at $23 per share. There are 180,000\\noutstanding shares of common stock. Umbrella Corp also has 50,000 outstanding preferred\\nshares that are currently selling at $35 per share. Umbrella Corp also has issued 5,000 bonds\\nwhich are each currently selling at $968. The cost of capital for Umbrella Corp. is 13% for its\\ncommon stock, 10% for its preferred shares, and 8% for its bonds. Given it has a tax rate of 30%, \ \nwhat is Umbrella Corp.'s adjusted weighted-average cost of capital?Enscoe Enterprises, Inc. (EEI) has 220,000 shares authorized, 170,000 shares issued, and 30,000 shares of treasury stock. At this point, EEI has $1,250,000 of assets. $270,000 liabilities, $400,000 of common stock, and $580,000 of retained earnings. Further, assume that the market value of EEI's common stock is $9 per share. question: Determine the number of shares of stock that is outstanding.
- Following is the shareholders' equity section of the balance sheet of the Optimum Corporation: Share capital: Common shares, 100,000 shares authorized, 65,000 shares issued $650,000 Total share capital $650,000 Retained earnings 349,000 Total shareholders' equity $999,000 The common shares are currently selling for $15.50 per share. The balance in the Common Shares account after the distribution of a 15% common stock dividend is: O $650,00g $747,500 O $801,125 $1,150,125The following information is available for the common shares of DEF Co.: 50 million shares authorized, 25 million shares issued and outstanding, and 1 million shares in the public float. Calculate DEF's market capitalization if the current market price of the common shares is $25 $25,000,000 O $625,000,000 O $650,000,000 $1,250,000,000The following partial information is taken from the comparative balance sheet of Levi Corporation: Shareholders’ equity 12/31/2021 12/31/2020 Common stock, $5 par; 20 million shares authorized; 15 million shares issued and 9 million shares outstanding at 12/31/2021; and ____ million shares issued and ____ shares outstanding at 12/31/2020. $ 75 million $ 45 million Additional paid-in capital on common stock 520 million 392 million Retained earnings 197 million 157 million Treasury common stock, at cost, 6 million shares at 12/31/2021 and 4 million shares at 12/31/2020 (72 million) (50 million) Total shareholders’ equity $ 720 million $ 544 million What was the average price (rounded to the nearest dollar) of the additional shares issued by Levi in 2021? Multiple Choice $39 per share. Cannot be determined from the given information. $26 per share. $5 per share.