Hello, please help me with the following: My Finance Lab Assignment 7 10 Questions

1. Dividend paymentPersonal Finance Problem Kathy Snow wishes to purchase shares of Countdown Computing, Inc. The company's board of directors has declared a cash dividend of $0.42 to be paid to holders of record on Wednesday, Sep. 21. a. What day does this stock begin trading ex dividend? b. What is the last day that Kathy can purchase the stock (trade date) and still receive the dividend? c. What change, if any, would you expect in the price per share when the stock begins trading on the ex-dividend day? d. If Kathy held the stock for less than one quarter and then sold it for $40.97 per share, would she achieve a higher investment return by (1) buying the stock prior to the ex-dividend date at $ per share and collecting the $0.42 dividend, or (2) buying it on the ex-dividend date at $36.55 per share but not receiving the dividend? 2. Chancellor Industries has retained earnings available of $1.14 million. The firm plans to make two investments that require financing of $880,744 and $1.64 million, respectively. Chancellor uses a target capital structure with 59% debt and 41% equity. Apply the residual theory to determine what dividends, if any, can be paid out, and calculate the resulting dividend payout ratio. 3. Dividend constraintsThe Howe Company's stockholders' equity account is as follows: The earnings available for common stockholders from this period's operations are $100,000, which have been included as part of the $2.3 million retained earnings. a. What is the maximum dividend per share that the firm can pay? (Assume that legal capital includes all paid-in capital.) b.If the firm has $180,000 in cash, what is the largest per-share dividend it can pay without borrowing? c. Indicate the accounts and changes, if any, that will result if the firm pays the dividends indicated in parts a and b. d. Indicate the effects of an $80,000 cash dividend on stockholders' equity. 4. Alternative dividend policies Over the last 10 years, a firm has had the earnings per share shown in the following table: Year Earnings per Share Year Earnings per Share 2015 $3.91 2010 $2.89 2014 $4.83 2009 $1.09 2013 $3.07 2008 $1.08 2012 $3.13 2007 $-1.15 2011 $3.07 2006 $0.96 a. If the firm's dividend policy were based on a constant payout ratio of 40% for all years with positive earnings and 0% otherwise, what would be the annual dividend for 2008? b. If the firm had a dividend payout of $1.00 per share, increasing by $0.10 per share whenever the dividend payout fell below 50% for two consecutive years, what annual dividend would the firm pay in 2008? c. If the firm's policy were to pay $0.50 per share each period except when earnings per share exceed $3.00, when an extra dividend equal to 80% of earnings beyond$3.00 would be paid, what annual dividend would the firm pay in 2008? d. Discuss the pros and cons of each dividend policy described in parts a through 5. The following financial data on the Bond Recording Company are available: Earnings available for common stockholders $600,000 Number of shares of common stock outstanding 300,000 Earnings per share ($600,000 / 300,000 $2 Market price per share $38 Price/earnings (P/E) ratio ($38 / $2) 19 The firm is currently considering whether it should use $400,000 of its earnings to help pay cash dividends of $1.33 per share or to repurchase stock at $39 per share. a. Approximately how many shares of stock can the firm repurchase at the $39-per-share price, using the funds that would have gone to pay the cash dividend? b. Calculate the EPS after the repurchase. c. If the stock still sells at 19 times earnings, what will the market price be after the repurchase? d. Compare the pre- and post-repurchase earnings per share. e. Compare and contrast the stockholders' positions under the dividend and repurchase alternatives. What are the tax implications under each alternative? 6. Changing cash conversion cycleCamp Manufacturing turns over its inventory 5 times each year, has an average payment period of 33 days, and has an average collection period of 70 days. The firm has annual sales of $4.0 million and cost of goods sold of $2.3 million.(Use a 365-day year.) a. Calculate the firm's operating cycle and cash conversion cycle. b. What is the dollar value of inventory held by the firm? c. If the firm could reduce the average age of its inventory from 73 days to 63 days, by how much would it reduce its dollar investment in working capital? 7. EOQ analysisTiger Corporation purchases 1,250,000 units per year of one component. The fixed cost per order is $22. The annual carrying cost of the item is 27.7% of its $2.19 cost. a. Determine the EOQ if (1) the conditions stated above hold, (2) the order cost is zero rather than $22, and (3) the order cost is $22 but the carrying cost is $0.01. b. What do your answers illustrate about the EOQ model? Explain. 8. Relaxation of credit standards Lewis Enterprises is considering relaxing its credit standards to increase its currently sagging sales. As a result of the proposedrelaxation, sales are expected to increase by 20% from 15,000 to 18,000 units during the coming year; the average collection period is expected to increase from 30 to 45 days; and bad debts are expected to increase from 2.5% to 4% of sales. The sale price per unit is $37, and the variable cost per unit is $25. The firm's required return on equal-risk investments is 25.1%. Evaluate the proposed relaxation, and make a recommendation to the firm. (Note: Assume a 365-day year.) The additional profit contribution from an increase in sales is $ _ Round to nearest dollar 9. Initiating a cash discount Gardner Company currently makes all sales on credit and offers no cash discount. The firm is considering offering a 22% cash discount for payment within 15 days. The firm's current average collection period is 60 days, sales are 40,000 units, selling price is $45 per unit, and variable cost per unit is $36. The firm expects that the change in credit terms will result in an increase in sales to 42,000 units, that 70% of the sales will take the discount, and that the average collection period will fall to 30 days. If the firm's required rate of return on equal-risk investments is 25%, should the proposed discount be offered? (Note: Assume a 365-day year.) The additional profit contribution from additional sales is $ nothing . (Round to the nearest dollar.) 10. Lockbox systemEagle Industries feels that a lockbox system can shorten its accounts receivable collection period by 5 days. Credit sales are $3,100,000 per year, billed on a continuous basis. The firm has other equally risky investments with a return of 16%. The cost of the lockbox system is $11,000 per year.(Note: Assume a365-day year.) a.What amount of cash will be made available for other uses under the lockbox system? b.What net benefit (cost) will the firm realize if it adopts the lockbox system? Should it adopt the proposed lockbox system