Step by step answer In 2023, Microsoft Corporation reported total revenue of$211.9 billion and total expenses of $145.5 billion. Thecompany's effective tax rate for the year was 18%.Microsoft's beginning retained earnings balance was $75.2billion. During the year, the company paid dividends of$19.5 billion to its shareholders. Microsoft alsorepurchased $30.8 billion worth of its own shares as part ofits stock buyback program. What was Microsoft's endingretained earnings balance for 2023? Walmart Inc. reportedtotal assets of $244.86 billion and total liabilities of $163.53billion at the end of its fiscal year 2023. The company'stotal stockholders' equity at the beginning of the year was$87.53 billion. During the year, Walmart paid dividends of$6.15 billion to its shareholders. What was Walmart's netincome for fiscal year 2023?

Steps for each part: Part 1: Microsoft Corporation - Ending Retained Earnings BalanceStep 1:…

Answered: In 2023, Microsoft Corporation reported…

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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Edna Recording Studios, Inc., reported earnings available to common stock of $4,200,000last year. From those earnings, the company paid a dividend of $1.28 on each of its 1,000,000 common shares outstanding. The capital structure of the company includes 30% debt, 15% preferred stock, and 55% common stock. It is taxed at a rate of 21%. a. If the market price of the common stock is $46 and dividends are expected to grow at a rate of 6% per year for the foreseeable future, what is the company's cost of retained earnings financing? b. If underpricing and flotation costs on new shares of common stock amount to $7 per share, what is the company's cost of new common stock financing? c. The company can issue $2.01 dividend preferred stock for a market price of $34 per share. Flotation costs would amount to $4 per share. What is the cost of preferred stock financing? d. The company can issue $1,000-par-value, 8% annual coupon, 5-year bonds that can be sold for…
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At the end of 2021, PT. Wardah International announced a gross profit of $1 million. The costs incurred during the year are as follows: $345,000 in operating expenses and $125,000 in interest expenses. 21% corporate tax and declared $57,000 total preferred stock dividends. Calculate: (a) Compute the earnings available for common stockholders? (b) Calculate the increase in retained earnings for 2021 If the firm provides $4.25 common stock dividend. The company has 15,000 shares of common stock outstanding.
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Keokuk Corp. had the following operating results for 2021 & 2020. Keokuk paid dividends of $100,000 per year for both years and made capital expenditures of $45,000 in both years. The company's stock price in 2021 was $12.00 and $10.00 in 2020. In 2021, the industry average earnings multiple was 10, the free cash flow multiple was 20 and sales multiple was 2.00. Thecompany is publicly owned and has 1,050,000 shares of outstanding stock at the end of 2021. A. Calculate the 2021 market value of the company. B. Compare Keokuk’s Equity Book Value to the Market Value. Discuss conceptually (not differences in the numerical calculations) the difference between these two amounts.

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