What is the year-end 2008 balance in retained earnings

Assignment Help Financial Management

Reference no: EM131317102

Statement of Retained Earnings Triplette, Corp. began the year 2008 with –$5 million in retained earnings. The firm earned net income of $10 million in 2008 and paid $2 million to its preferred stockholders and $1 million to its common stockholders. What is the year-end 2008 balance in retained earnings for Triplette?

Reference no: EM131317102

Questions Cloud

Projections given for price-quantity-variable costs : We are evaluating a project that costs $1,446,000, has a six-year life, and has no salvage value. Assume that depreciation is straight-line to zero over the life of the project. Sales are projected at 88,600 units per year. Suppose the projections gi..

Diversify your porfolio into different stocks : Let say you are given $1,000,000 to invest and you choose to diversify your porfolio into different stocks, EFTs, MFs (stocks like google, amazon apple, microsoft, nike, under armor, alibaba ect..) Come up with a clear investment strategy.

Bond would provide sara with the higher tax-adjusted yield : Sara Nixon is looking for a fixed-income investment. She is considering two bond issues: A treasury bond with a yield of 5%. An in-state municipal bond with a yield of 4%. Sara is in the 33% federal tax bracket and the 8% state tax bracket. Which bon..

Degree of operating leverage at accounting break even : We are evaluating a project that costs $732,000, has a six-year life, and has no salvage value. Assume that depreciation is straight-line to zero over the life of the project. Calculate the accounting break-even point. What is the degree of operating..

What is the year-end 2008 balance in retained earnings : Statement of Retained Earnings Triplette, Corp. began the year 2008 with –$5 million in retained earnings. The firm earned net income of $10 million in 2008 and paid $2 million to its preferred stockholders and $1 million to its common stockholders. ..

The return on your own money will equal the return : You buy 200 shares of XYZ at $40 per share. You borrow half of the purchase price at 6% annual rate and use your own money for the other half of the purchase price. The return on your own money will equal the return on the XYZ shares when the return ..

Calculate the market-to-book ratio : Market Value Ratios Lab R Doors' year-end price on its common stock is $57. The firm has total assets of $77 million, the debt ratio is 53%, no preferred stock, and there are 4.2 million shares of common stock outstanding. Calculate the market-to-boo..

Leading to the consolidation of mutual fund companies : Janus Fund Group, historically an actively managed mutual fund group that often charged load fees to enter and exit the fund. What changes do you suppose are taking place in financial services that is leading to the consolidation of mutual fund compa..

After-tax yield on preferred stock : Van Corporation has a corporate tax rate equal to 36%. The company recently purchased preferred stock in another compan.y The preferred stock has n 8% before-tax yield. What is Van Corporation's after-tax yield on the preferred stock?

User Account

All Pages