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- Longmont Corporation earned net income of $90,000 this year. The company began the year with 600 shares of common stock and issued 500 more on April 1. They issued $5,000 in preferred dividends for the year. What is the numerator of the EPS calculation for Longmont?Fiber Corporation declared a dividend of $.90 per share on April 20th to holders of record as of Monday, May1st. The dividend is payable on June 1st. You purchased 100shares of this stock on Wednesday, April 26th. How much dividend income will you receive on June 1st as a result of his declaration? A)$0 B)$2.25 C)$9.00 D)$22.50 E)$90.00The board of directors of Smith Enterprises announced a dividend of P1.75 per share on August 2. The dividend will be paid out to all shareholders of record as of August 10. If you bought 100 shares of Smith Enterprises stock on August 9, how much dividend are you going to receive? P175 O PO P1.75 P350
- On Jan 1, you sold short one round lot (i.e. 100 shares) of ABC stock at $21/ share. On Mar 1, adividend of $2/ share was paid. On Apr 1, you covered the short sale by buying the stock at aprice of $15/ share. You paid $0.5/ share commission for each transaction. What is the finalvalue in your account on Apr 1 (end of day)?Billingsley United declared a $0.20 a share dividend on Thursday, October 16. The dividend will be paid on Monday, November 10 to shareholders of record on Friday, October 31. What is the ex-dividend date?a) Billingsley United declared a $0.20 a share dividend on Thursday,October 16. The dividend will be paid on Monday, November 10 toshareholders of record on Friday, October 31. What is the ex-dividenddate? b) You own 2,200 shares of Deltona Hardware. The company has stated thatit plans on issuing a dividend of $0.42 a share at the end of thisyear and then issuing a final liquidating dividend of $2.90 a shareat the end of next year. Your required rate of return on this securityis 16 percent. Ignoring taxes, what is the value of one share of thisstock to you today?c) Tucker’s National Distributing has a current market value of equityof $10,665. Currently, the firm has excess cash of $640, total assetsof $22,400, net income of $3,210, and 500 shares of stock outstanding.Tucker’s is going to use all of its excess cash to repurchase sharesof stock. What will the stock price per share be after the stockrepurchase is completed?
- a) Billingsley United declared a $0.20 a share dividend on Thursday,October 16. The dividend will be paid on Monday, November 10 toshareholders of record on Friday, October 31. What is the ex-dividenddate?b) You own 2,200 shares of Deltona Hardware. The company has stated thatit plans on issuing a dividend of $0.42 a share at the end of thisyear and then issuing a final liquidating dividend of $2.90 a shareat the end of next year. Your required rate of return on this securityis 16 percent. Ignoring taxes, what is the value of one share of thisstock to you today?c) Tucker’s National Distributing has a current market value of equityof $10,665. Currently, the firm has excess cash of $640, total assetsof $22,400, net income of $3,210, and 500 shares of stock outstanding.Tucker’s is going to use all of its excess cash to repurchase sharesof stock. What will the stock price per share be after the stockrepurchase is completed?1. An investor purchased 500 shares of common stock, $25 par, for $21,750. Subsequently, 100 shares were sold for $49.50 per share. What is the amount of gain or loss on the sale? a.$600 gain b.$9,250 loss c.$600 loss d.$12,750 gain 2. On July 5, Winter Company had a market price of $58 per share of common stock. For the previous year, Winter Company paid an annual dividend of $3.48 per share. What is the dividend yield for Winter Company? a.1.67% b.0.6% c.16.67% d.6.0% 3. Gerardo Company had a net income of $75,000 and other comprehensive income of $12,500 for the year. On January 1, the retained earnings balance was $525,000 and the accumulated other comprehensive income balance was $55,000. a. Determine the comprehensive income for the year.$_________________ b. Determine the retained earnings balance on December 31.$_________________ c. Determine the accumulated other comprehensive income on December 31.$__________________A company had 125.000 shares of commaon stock outstanding on January 1 and then sold 35,000 additionsl shares on March 30. Net income for the year was $594.750. What are eamings per share? Select one O a S0.01. O S4.58. O c. 54.73. Od. $3.03.
- On July 31, a company declared a cash dividend of SR0.25 per common share to the shareholders of record on August 15. The cash dividend will be paid on August 25. This company has 500,000 shares authorized and 100,000 shares outstanding. Prepare the journal entries required on July 31, August 15 and August 25?The Chris Clapper Copper Company declared a 25 percent stock dividend on March 10 to shareholders of record on April 1. The market price of the stock is $50 per share. You own 160 shares of the stock. A.What will be the total value of your holdings before the stock dividend, all other things the same? Format: 1,111 B. What will be the total value of your holdings after the stock dividend, all other things the same? Format: 1,111Assume that on February 12, First Union Co. purchases for cash 6,000 shares of Gilbert Co. stock at a price of $22 per share plus a $240 brokerage fee. On April 22, a $0.42- per-shares dividend was received on the Gilbert Co. stock. On May 10, 4,000 shares of the Gilbert Co. stock was sold for $28 per share less a $160 brokerage fee. What accounts would be debited on February 12 for the purchase of the 6,000 shares of Gilbert Stock? DATE DESCRIPTION PREF DEBIT CREDIT Feb. 12 (?) $132,240 (?) $132,240 Investments – Gilbert Co. Stock Dividend receivable Cash Dividend revenue
