Durango inc had net income for 2014 of 2120000 and earnings

Reference no: EM13585194

Durango Inc had net income for 2014 of $2,120,000 and earnings per share on commong stock of $5. Included in the net income was $300,000 of bond interest expense related to its long term debt. The income tax rate for 2012 was 30%. Dividends on preferred stock were $400,000. The payout ratio on common stock was 25%. What were the dividends on common stock in 2014?

Reference no: EM13585194

Questions Cloud

A study shows that approximately 15 of all businessmen who : a study shows that approximately 15 of all businessmen who wear ties wear them to tight. at a board meeting of 25 all

Blowing rock inc has 5000 shares of 5 100 par value : blowing rock inc has 5000 shares of 5 100 par value cumulative preferred stock and 30000 shares of 1 par value common

Develop a 5- to 7-slide microsoftreg powerpointreg slide : consider the following scenarioin the second week of your internship the cio approaches you and asks you to research

Suppose that you purchase a new macbook for school apple : suppose that you purchase a new macbook for school. apple will charge you 1149 for the laptop and give you a 100 gift

Durango inc had net income for 2014 of 2120000 and earnings : durango inc had net income for 2014 of 2120000 and earnings per share on commong stock of 5. included in the net income

When the tips of the rotating propeller of an airplane have : when the tips of the rotating propeller of an airplane have a linear speed greater than the speed of sound the

What is the the test statistic and at a 95 confidence level : given a sample size of 34 with sample mean of 660.3 and stand dev of 104.9 we have the hypotheseisnull is h0u700alt hyp

Do you think variance analysis is a useful tool to employ : 1. what additional information besides simply the variance may be useful to the accountant in evaluating the variance?

A student pulls parallel to the incline on a rope attached : a student pulls parallel to the incline on a rope attached to a box of books and moves the box up an incline at 12

Reviews

Write a Review

Required(*) Message

Accounting Basics Questions & Answers

How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest. How much control does the Fed have over this longer real rate?

Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

Accounting problems

Accounting problems, Draw a detailed timeline incorporating the dividends, calculate the exact Payback Period b) the discounted Payback Period. the IRR, the NPV, the Profitability Index.

Theory of interest - term structure of interest rates

Term Structure of Interest Rates

Write a report on internal controls

Write a report on Internal Controls

Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

Liquidity and profitability

Distinguish between liquidity and profitability.

What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

Capm and venture capital

CAPM and Venture Capital

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!

Submit Assignment

User Account

All Pages