Answered step by step
Verified Expert Solution
Question
1 Approved Answer
I need the balance sheet for this financing option KTZFIG Consulting and Sales Inc Cash Received/Annual Cash Payment Requirement The company could issue 500,000 additional
I need the balance sheet for this financing option
KTZFIG Consulting and Sales Inc Cash Received/Annual Cash Payment Requirement The company could issue 500,000 additional shares of $1 par value common stock for $5.20 per share The company will begin paying a dividend to ALL the common shareholders of $0.13 per share and this will continue into the future. Cash Received Annual Cash Required $65,000 $2,600,000 number of existing shares number of new shares total shares at year end market price Dividend rate Dividend period PIC year end PIC> par year end 500000 500000 5.20 4 13 % 1 year 2600000 2100000 4 6 The company could issue 500,000 additional shares of $1 par value common stock for $5.20 per share The company will begin paying a dividend to ALL the common shareholders of $0.13 per share and this will continue into the futureStep by Step Solution
There are 3 Steps involved in it
Step: 1
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