The market value balance sheet for Murray Manufacturing is shown here. The company has declared a 20 percent stock dividend. Thestock goes ex dividend tomorrow (the chronology for a stock dividend is similar to that for a cash dividend). There are 21,000 shares ofstock outstanding.CashFixed assetsTotalMarket Value Balance Sheet$ 142,000. Debt780,000Equity$ 922,000Ex dividend priceTotal$ 222,700699,300$922,000What will the ex-dividend price be?Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.

Given,Market value of equity = $699300No.of shares outstanding = 21,000Stock dividend=20%Required is…

he market value balance sheet for Murray Manufacturing is shown here. The company has declared a 20 percent stock dividend. The tock goes ex dividend tomorrow (the chronology for a stock dividend is similar to that for a cash dividend). There are 21,000 shares of tock outstanding Cash Fixed assets Total Market Value Balance Sheet $ 142,000 Debt 750,000 Equity $ 922,000 Ex dividend price Total $ 222,700 699, 300 $ 922,000 What will the ex-dividend price be? lote: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.

he market value balance sheet for Murray Manufacturing is shown here. The company has declared a 20 percent stock dividend. The tock goes ex dividend tomorrow (the chronology for a stock dividend is similar to that for a cash dividend). There are 21,000 shares of tock outstanding Cash Fixed assets Total Market Value Balance Sheet $ 142,000 Debt 750,000 Equity $ 922,000 Ex dividend price Total $ 222,700 699, 300 $ 922,000 What will the ex-dividend price be? lote: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Ollie Goose Inc. has $2.00 par value common stock of $5,000,000. The firm has 2,500,000 shares outstanding. The additional paid-in capital account has a balance of $1,000,000 and the retained earnings account has a balance of $2,000,000. The market price of the stock is $2.50 per share. The firm is considering issuing a 15% stock dividend. How much will the retained earnings account become following the stock dividend? Choose.. How much will total equity become following the stock dividend? Choose. How much will the additional paid-in capital account become following the stock dividend? Choose.
Money Inc. announced annual earnings of $5,000,000. The company has 2,500,000 common stock shares outstanding. The benchmark PE multiple for the company is 12.8. Earnings are expected to increase 3.9% annually. What is the estimated current stock price? Group of answer choices $26.75 $32.00 $6.40 $25.60
The balance sheet for Quinn Corporation is shown here in market value terms. There are 10,000 shares of stock outstanding. Market Value Balance Sheet $ Cash Equity 44,200 $ 404,200 Fixed assets 360,000 $ $ Total Total 404,200 404,200 The company has declared a dividend of $1.90 per share. The stock goes ex dividend tomorrow. Ignoring any tax effects, what is the stock selling for today? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Stock price per share
The balance sheet for Quinn Corporation is shown here in market value terms. There are 9,000 shares of stock outstanding. Market Value Balance Sheet Cash $ 44,600 Equity $ 444,600 Fixed assets 400,000 Total $ 444,600 Total $ 444,600 The company has declared a dividend of $1.50 per share. The stock goes ex dividend tomorrow. Ignoring any tax effects, what is the stock selling for today? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Ignoring any tax effects, what will it sell for tomorrow? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
CBA Incorporated has 400,000 shares outstanding with a $5 par value. The shares were issued for $12. The stock is currently selling for $34. CBA has $5,000,000 in retained earnings and has declared a stock dividend that will increase the number of outstanding shares by 6%. How many shares will be outstanding after the stock dividend? Multiple Choice 376,000 424.000 400,000 9,328,000
Dividends Per Share (DPS)During 2020 your corporation has 460,000,000 shares of stock outstanding, and the Board of Directors declared $400,000,000 in dividends. What is the dividends per share? Please show your formula and calculations in the space provided.
A firm had the following financials last year: Sales Revenue = $3,060Accounts receivable = $500Interest expense = $126Total operating expenses = $600Accounts payable = $240Cost of goods sold = $1,800Dividend on preferred stock = $18Tax rate = 40% Number of outstanding number of common shares = 1,000 The E.P.S of the firm, rounded to four decimal places is
The stock of Payout Corp. will go ex-dividend tomorrow. The dividend will be $1 per share, and there are 20,000 shares of stock outstanding. The market-value balance sheet for Payout is shown below. Liabilities and Equity $1, 000, 000 Assets Cash Fixed assets $150, 000 Equity 850, 000 So far, price of the share today is $50 per share and it will sell at $49 per share for tomorrow. Now suppose that Payout announces its intention to repurchase $20,000 worth of stock instead of paying out the dividend. a. What effect will the repurchase have on an investor who currently holds 200 shares and sells 4 of those shares back to the company in the repurchase? Total value of the position b. What effect will the initial cash dividend payment have on the same investor? Total value of the position
The balance sheet for Tempest, Inc., is shown here in market value terms. There are 29,000 shares of stock outstanding. Market Value Balance Sheet Cash Fixed assets $156,000 560,010 Equity $716,010 Total $ 716,010 Total $716,010 The compay has announced it is going to repurchase $49,300 worth of stock instead of paying a dividend of $1.70. a. What effect will this transaction have on the equity of the firm? (Input the answer as positive value. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) b. How many shares will be outstanding after the repurchase? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) c. What will the price per share be after the repurchase? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) a. The transaction will b. New shares outstanding c. Share price shareholders' equity by
The Castle Company recently reported net profits after taxes of $14.7 million. It has 2.5 million shares of common stock outstanding and pays preferred dividends of $1 million a year. The company's stock currently trades at $121 per share. Compute the stock's earnings per share (EPS). Round the answer to two decimal places.$_______________per share What's the stock's P/E ratio? Round the answer to two decimal places.$______________ times Determine what the stock's dividend yield would be if it paid $6.9 per share to common stockholders. Round the answer to two decimal places._______________ %
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Hi, If a company has 32,000 common stock shares outstanding $10 par value, then purchases 2,300 shares of treasury stock at $25 per share. How would this be jouralized? Also, after those transaction the same company declared a $0.10 per share cash dividend on the common stock outstanding. How would this be jouralized?

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