User Account

All Pages

How large a per-share cash dividend did the firm pay

Assignment Help Finance Basics
Reference no: EM131110776

Hayes Enterprises began 2012 with a retained earnings balance of $928,000. During 2012, the firm earned $377,000 after taxes. From this amount, preferred stockholders were paid $47,000 in dividends. At year-end 2012, the firm's retained earnings totaled $1,048,000. The firm had 140,000 shares of common stock outstanding during 2012.

a. Prepare a statement of retained earnings for the year ended December 31, 2012, for Hayes Enterprises. 

b. Calculate the firm's 2012 earnings per share (EPS).

c. How large a per-share cash dividend did the firm pay on common stock during 2012?

Reference no: EM131110776

Questions Cloud

Net income as reported on the income statement : Plant assets that cost $60,000 and were 80% depreciated were sold during 2010 for $8,000. The loss (not extraordinary) was incorrectly charged directly to Retained Earnings.
What problems might robert encounter in comparing : What problems might Robert encounter in comparing these companies to one another on the basis of their ratios? Why might the current and quick ratios for the electric utility and the fast-food stock be so much lower than the same ratios for the other..
What was mountain air''s net income for fiscal : What was Mountain Air's net income for fiscal 2012? How many new shares did the corporation issue and sell during the year? At what average price per share did the new stock sold during 2012 sell? At what price per share did Mountain Air's original 5..
Prepare a statement of cash flows using the direct method : Equipment that had a cost of $30,000 and was 70% depreciated was sold during 2010.Prepare a statement of cash flows using the direct method. (Do not prepare a reconciliation schedule.)
How large a per-share cash dividend did the firm pay : Prepare a statement of retained earnings for the year ended December 31, 2012, for Hayes Enterprises. Calculate the firm's 2012 earnings per share (EPS).How large a per-share cash dividend did the firm pay on common stock during 2012?
Determine the original price per share : Beck Corporation has one issue of preferred stock and one issue of common stock outstanding. Given Beck's stockholders' equity account that follows, determine the original price per share at which the firm sold its single issue of common stock.
Prepare a statement of cash flows using the indirect method : Additional information: During the year, $70 of common stock was issued in exchange for plant assets. No plant assets were sold in 2010. Cash dividends were $260.
What was their net working capital (nwc) for the year : Create a personal balance sheet as of December 31, 2012. It should be similar to a corporate balance sheet. What must the total assets of the Adams family be equal to by December 31, 2012? What was their net working capital (NWC) for theyear?
Accounts receivable relate to sales of merchandise : During 2010, $25,000 of bonds payable were issued in exchange for property, plant, and equipment. There was no amortization of bond discount or premium.

Reviews

Write a Review

Finance Basics Questions & Answers

  What is the discount yield on these securities

He notices that a recent Treasury auction of 13-week Treasury bills, the lowest price bid for $10,000 bills was 97.569 percent of par. Can you help Ken understand the various yield calculations?

  Wacc to calculate the npv

Wiggum PI should not use their WACC to calculate the NPV. Wiggum PI should expand since the NPV is greater than zero. Wiggum PI should use a discount rate that is lower than their WACC. Wiggum PI should not expand since the NPV is positive.

  Cmpare money market hedge and option hedge ensure to

assume the following informationu.s. deposit rate for 1 year10u.s. borrowing rate for 1 year12new zealand deposit rate

  What is the projects npv using a discount rate of 7 should

big steves makers of swizzle sticks is considering the purchase of a new plastic stamping machine. this investment

  Why do companies use so many different types of instruments

why do companies use so many different types of instruments to raise capital? why not just use debt and common

  Cost of preferred stock the preferred stock of julian

cost of preferred stock the preferred stock of julian industries sells for s36 and pays 3.00 in dividends. the net

  What would be the maximum purchase price acceptable to the

the ski pro corporation which produces and sells to wholesalers a highly successful line of water skis has decided to

  What payoff do bondholders expect to receive in the event

Good Time Company is a regional chain department store. It will remain in business for one more year. The probability of a boom year is 56 percent and the probability of a recession is 44 percent.

  Leery of lending to consumers

Since the 2008-2011 financial crises, banks have become leery of lending to consumers.

  Give some examples of agency costs incurred by

give some examples of agency costs incurred by shareholders in the agency relationship between the shareholders owners

  What is the best option for ben from a strictly financial

What is the best option for Ben from a strictly FINANCIAL standpoint?

  Suppose rrf 9 rm 14 and beta 13a what is the required rate

suppose rrf 9 rm 14 and beta 1.3a what is the required rate of return on stock i ?b now suppose the req rate of return

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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