Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 21, 2023

Blarney Corp. has 20,000 shares issued and 15,000 shares outstanding. Blarney pays a dividend of $4 per share. What is the total amount of

Blarney Corp. has 20,000 shares issued and 15,000 shares outstanding. Blarney pays a dividend of $4 per share. What is the total amount of the dividend?

Step by Step Solution

★★★★★

3.37 Rating (141 Votes )

There are 3 Steps involved in it

Step: 1

The total amount of ... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting

Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac

26th edition

128574361X, 978-1305446052, 1305446054, 978-1285743615

More Books

Students also viewed these Accounting questions

Question

★★★★★

The equity sections from Jetta Corporations 2011 and 2012 balance sheets follow. The following transactions and events affected its equity during year 2012. Feb. 15 Declared a $0.40 per share cash...

Answered: 1 week ago

Question

★★★★★

1. If you own 15 000 shares of BHP Billiton Ltd (BHP) and it pays a dividend of $0.27 per share, what is the total dividend you will receive? 2. Telford Corporation has a current share price of $20...

Answered: 1 week ago

Question

★★★★★

The equity sections from Hovo Corporations 2015 and 2016 balance sheets follow. Stockholders Equity (December 31, 2015) Common stock $20 par value, 30,000 shares authorized, 17,000 shares issued and...

Answered: 1 week ago

Question

★★★★★

1. Suppose a company produces a product that sells for $55, has a variable cost per unit of $35, and has fixed costs of $100,000. How many units must the company sell to earn a target profit of...

Answered: 1 week ago

Question

★★★★★

The length of the string or wire supporting a pendulum increases slightly when its temperature is raised. How would this affect a clock operated by a simple pendulum?

Answered: 1 week ago

Question

★★★★★

PREPARATION OF CLOSING ENTRIES Grand Rapids Consulting, Inc., began 2009 with a retained earnings balance of $38,100 and has the following accounts and balances at year-end: Sales Revenue $155,000...

Answered: 1 week ago

Question

★★★★★

2. Give students practice in taking and defending different points of view on an issue.

Answered: 1 week ago

Question

★★★★★

CVP, Not for profit Monroe Classical Music Society is a not-for-profit organization that brings guest artists to the communitys greater metropolitan area. The Music Society just bought a small...

Answered: 1 week ago

Question

★★★★★

6 9 6 . .

Answered: 1 week ago

Question

★★★★★

Wayland Custom Woodworking is a firm that manufactures custom cabinets and woodwork for business and residential customers. Students will have the opportunity to establish payroll records and to...

Answered: 1 week ago

Question

★★★★★

John and Sally Claussen are considering the purchase of a hardware store from John Duggan. The Claussens anticipate that the store will generate cash flows of $78,000 per year for 20 years. At the...

Answered: 1 week ago

Question

★★★★★

As an accounting associate director of Sunlight Office Supplies, you have been asked to create a memo to sales managers showing the second quarter sales figures by category. The memo should contain a...

Answered: 1 week ago

Question

★★★★★

Seating arrangements and food preparation process at Benihana restaurants encourage interactions among total strangers, as well as contacts between patrons and the Japanese chef who prepares their...

Answered: 1 week ago

Question

★★★★★

The stock of MTY Golf World currently sells for $80 per share. The firm has a constant dividend growth rate of 6% and is expected to pay a dividend of $4.80. If the required rate of return is 12%,...

Answered: 1 week ago

Question

★★★★★

The company president is Vincent Miller, who inherited the company. When the company was founded over 30 years ago, it originally focuses on producing high-end batteries, for automobile...

Answered: 1 week ago

Question

★★★★★

show work Scenario A: Jane purchased a new car for $15,000. She financed it with a 60 month fixed installment loan with an APR of 5.0% Determine the finance charge and the monthly payment. Scenario...

Answered: 1 week ago

Question

★★★★★

Can someone please help me with what I did wrong. Problem 9-3 On January 1, 2019, Evers Company purchased the following two machines for use in its production process. Machine A: The cash price of...

Answered: 1 week ago

Question

★★★★★

What is the role of business risk analysis in the audit planning process?

Answered: 1 week ago

Question

★★★★★

The investment committee of Auntie Ms Restaurants Inc. is evaluating two restaurant sites. The sites have different useful lives, but each requires an investment of $900,000. The estimated net cash...

Answered: 1 week ago

Question

★★★★★

Conley Companys costs were under budget by $ 198,000. The company is divided into North and South regions. The North Regions costs were over budget by $ 52,000. Determine the amount that the South...

Answered: 1 week ago

Question

★★★★★

Lo-bed Company produces a product that requires four standard hours per unit at a standard hourly rate of $28.00 per hour. If 4,000 units required 16,750 hours at an hourly rate of $28.40 per hour,...

Answered: 1 week ago

Question

★★★★★

In an article titled Childhood Pastimes Are Increasingly Moving Indoors, Dennis Cauchon asserts that there have been huge declines in spontaneous outdoor activities such as bike riding, swimming, and...

Answered: 1 week ago

Question

★★★★★

A marketing research firm is interested in determining whether there is a difference between the proportion of households in Chicago and the proportion of households in Milwaukee who purchase...

Answered: 1 week ago

Question

★★★★★

Suppose, as part of a national study of economic competitiveness, a marketing research firm randomly sampled 200 adults between the ages of 27 and 35 living in metropolitan Seattle and 180 adults...

Answered: 1 week ago

Previous Question Next Question