Determining the retained earnings change

Assignment Help Finance Basics
Reference no: EM132497903

Prior to declaring bankruptcy, Radio Shack had the following figures on its financial statements:

Common stock ($0.50 par, 900,000 shares outstanding: $450,000

Contributed capital in excess of par: $5,580,000

Retained earnings: $21,204,000

Total common stockholder's equity: $27,234,000

The stock was trading at $20 per share (far lower than its price of $76 a year before). Either way, they decided to issue a stock dividend of 10% and a cash dividend of $0.10 per share. What did retained earnings change to?

Reference no: EM132497903

Questions Cloud

What are capital gains on the investment : The stock paid a dividend of $1.63 per share and the stock price at the end of the year is $54.12. What are capital gains on the investment?
Calculate hitech companys weighted average cost of capital : The cost of common equity (in the form of retained earnings) is 14 percent. Calculate Hitech Company's weighted average cost of capital
What is the subscription price-moullierat mfg : What is the subscription price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Calculate the amount of interest capitalized for building : Calculate the amount of interest capitalized in 2018 for the building using the specific interest method. On January 1, 2018, the Marjlee Company
Determining the retained earnings change : Either way, they decided to issue a stock dividend of 10% and a cash dividend of $0.10 per share. What did retained earnings change to?
What is the value of the investment account at end : Assuming Roland uses fair-value accounting, what is the value of the investment account at the end of 2018? What is the value of the investment account at end
What is the firm eps-yellow iris corp : The company has 21.40 million shares outstanding. What is the firm's EPS? Round the answer to two decimal places.
What is the useful life of the asset : Explain What is the Useful life of the asset and is it estimated of predicted? What is the Salvage value and is it estimated of predicted?
What is the? bond yield to? maturity : The market price is ?$1,125 for a 19 -year bond ?($1,000 par? value) that pays 9 percent annual? interest

Reviews

Write a Review

Finance Basics Questions & Answers

  What is the merger gain

A's value is 100. b's value is 70. and the merger of B by A creates a present value cost saving of 20. assume A pays 75 for B. What is the merger Gain?

  Explain three different methods that can be used to transfer

Explain three different methods that can be used to transfer money from savers to investors/borrower

  You are given the following information for calvani pizza

you are given the following information for calvani pizza co. sales 51000 costs 21700 addition to retained earnings

  A column in the wall street journal

If stockholders desire dividends, why do some firms, such as Apple, pay no dividends, while even those firms that do pay dividends rarely have dividend yields above 2%?

  Computing present values of single amounts and annuities

Refer to Tables 1 and 2 in Appendix A near the end of the book to compute the present value for each of the following amounts.

  What is the expected annual dividend growth rate after year

Modern Development, Inc. paid a dividend of $5.00 per share on its common stock yesterday.  Dividends are expected to grow at a constant rate of 10% for the next two years, at which point the dividends will begin to grow at a constant rate indefinite..

  What is a ballpark estimate of the value of this common stoc

Assuming that F Corp will live up to these projection forever and expects to pay a $1.54 dividend per share at the end of the coming year, what is a ballpark estimate of the value of this common stock?

  Percent per month on the overdue balance

A key supplier is behind on his accounts payable account. The agreed on repayment schedule is $500 per month. The interest charge is 1.4 percent per month

  A hedger takes a long position in an oil futures contract

a hedger takes a long position in an oil futures contract on november 1 2009 to hedge an exposure on march 1 2010. the

  Considering a potential investment

You are considering a potential investment, and you believe there are 4 possible outcomes, which are Excellent, Good, Poor, and Terrible

  No amortization charges

The balance sheet and income statement shown below are for Greshak Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over.

  Determine the annual mortgage payment

Assume we have a $2 million 10 year mortgage, the interest rate is 8%. Determine the annual mortgage payment under the following assumptions

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd