User Account

All Pages

What the total amount that timeless will have to pay

Assignment Help Financial Accounting
Reference no: EM132993962

Question - Timeless Company has been paying regular quarterly dividends of P1.50 and wants to pay the same amount in the third quarter of 2017. The following information relates to the company's equity:

January 1 Shares Outstanding, 400,000; P2 par, 750,000 shares authorized.

February 15 Issued 25,000 new shares at P10.50.

March 31 Paid quarterly dividends of P1.50 per share.

May 12 Converted P1,000,000 of P1,000 bonds to ordinary shares at the rate of 50 shares per P1,000 bond.

June 15 Issued an 11% share dividend.

June 30 Paid quarterly dividends of P1.50 per share.

Required - What the total amount that Timeless will have to pay in dividends in the third quarter in order to pay P1.50 per share?

a. P712,500

b. P790,875

c. P749,250

d. P637,500

Reference no: EM132993962

Questions Cloud

Explain the job order costing income statement : Explain the job order costing income statement and provide a hypothetical example of job order costing income statement in a manufacturing enterprise
What is the share price of your firm : The company is entirely financed with equity and there are 500,000 shares outstanding. Assume the dividend tax rate is zero. What is the share price
What rate of return has marti earned thus far : Six years ago, Marti invested $3,500 in an account. Today the account is worth $7,403.16. What rate of return has Marti earned thus far
Case study - values and behaviours for sustainable tourism : Values and behaviours for sustainable tourism - How can Maria assess the overall and precise suitability of the secondary data for the purpose of her research
What the total amount that timeless will have to pay : What the total amount that Timeless will have to pay in dividends in the third quarter in order to pay P1.50 per share
How would you advise maria on plans : How would you advise Maria on plans to deal with any potential inconsistencies between the judges' reports and the winners' case studies
What will be the annual percentage rate : Penn Inc. needs to borrow $250,000 for the next 6 months. What will be the annual percentage rate, or APR, for this financing
Development of best practices or industry standards : Brief explanation of connection between the agency and your company, to explain why you selected the agency.
Describe key features of financial administration policy : Describe three key features of financial administration policy and procedures that will ensure that effective financial mechanisms are in place

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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