Globex Corp. has 1000 shareholders as of 31 Dec 2019. On that date Globex Corp released its earnings. The earnings for the period is $1 million. The management decided to distribute all the earnings to the shareholders. On 25th March 2020 Globex Corp issued another 1000 shares to a hew set of shareholders. On 31 Dec 2020 Globex Corp reported earnings of $1 million. The management again decided to distribute all its profit to shareholders. . What is the dividend per share on 31 Dec 2019? i. What is the dividend per share on 31 Dec 2020? ii. How does the dividend per share on 31 Dec 2020 affect the old shareholders? Explain clearly.

Globex Corp. has 1000 shareholders as of 31 Dec 2019. On that date Globex Corp released its earnings. The earnings for the period is $1 million. The management decided to distribute all the earnings to the shareholders. On 25th March 2020 Globex Corp issued another 1000 shares to a hew set of shareholders. On 31 Dec 2020 Globex Corp reported earnings of $1 million. The management again decided to distribute all its profit to shareholders. . What is the dividend per share on 31 Dec 2019? i. What is the dividend per share on 31 Dec 2020? ii. How does the dividend per share on 31 Dec 2020 affect the old shareholders? Explain clearly.

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

See similar textbooks

Similar questions

vi. Subject :- Finance Consider company with revenues of $441 million, gross profit of $206 million, operating profit of $173 million and net income of $64 million. What is this company's operating margin? Answer in percent, rounded to one decimal place (e.g., 8.23% --> 8.2)
Companies A and B differ only in their capital structure. A is financed 30% debt and 70% equity: B is financed 10% debt and 90% equity. The debt of both companies is risk-free. a. Rosencrantz owns 1% of the common stock of A. What other investment package would produce identical cash flow for Rosencrantz? b. Guildenstern owns 2% of common stock of B. What other investment package would produce identical cash flows for Guildenstern?
One company offers a candidate for employment 1,200 shares os stock options. Another company provides the same candidates an offer of 400 shares of restricted stock. Asuume both offers provide the same salary and comparable benefits. A.Both offers are equally valuable B. The offer with stock options is more valuable C. The odder with restricted stock is more valuable D. We need more information to determine which offer is more valuable
Don't use chatgpt, I will 5 upvotes Manning Company issued 10,000 shares of its no-par common stock having a fair value of $30 per share and 15,000 shares of its $15 par value preferred stock having a fair value of $20 per share for a lump sum of $700,000. How much of the proceeds would be allocated to the common stock? a) $300,000 b) $350,000 c) $225,000 d) $200,000
Better Days Ahead, a charitable organization, has a standing agreement with First National BankThe agreement allows Better Days Ahead to overdraw its cash balance at bank when donations are running lowIn the past. Better Days Ahead managed funds wisely and rarely used this privilegeJacob Henson has recently become the president of Better Days. To expand operations, Henson acquired office equipment and spent large amounts on fundraising During Henson's presidency, Better Days Ahead has maintained a negative bank balance of approximately 10,000 What is the ethical issue in this situationI State why you approve or disapprove of Henson's management of Better Days Ahead Funds
A 9 percent preferrred stock for Micky's Corp. is currently selling for $75 a share. What is the cost of preferred stock? Select one: a. 12.00 percent b. 9.27 percent c. 4.76 percent d. 10.47 percent
82) Which of the following is an example of an action done by a firm to conduct structuring? a) Stock buy-back b) Leveraged buy-out c) Either A and B d) Neither A nor b
Mr. Mermiad gets paid on commission. He sold a car for $56,000 and gets 8% commission. How much did Mr Mermaid make on this sale?
Gross profit from following income statement
A company declared a $ 10.00 per share cash dividend. The company had 100,000 shares authorized, 75,000 shares issued, and 10,000 shares of Treasury Stock. What is the journal entry to record the declaration of this cash dividend?
حالالكمال الأسئلة: السؤال 1 Direct costs that are the result of a firm's general operations and are not linked to any particular cost object ulgn O İhi O السؤال 2 Managerial accounting ic documenting all trancartionc of a company that have an imnact on the financial state of the انعر فوق "حفط وإرسال" ل لحفظ والإرسال. وانقر فوق "حمط كل الإجابات"لحفظ كل الإجابات. WhatsApp Image..jpeg D WhatsApp Image.jpeg WhatsApp Image..jpeg E
year of $800 million. Valence pays out 40% of its earnings in total - 15% paid out as dividends and 25% used to repurchase shares. If Valence's earnings are expected to grow by 7% per year, these payout rates do not change, and Valence's equity cost of capital is 10%, what is Valence's share price? A. $38.10 B. $14.29 C. $7.14 D. $47.62 I