Question
Markbought100sharesofXYZstockonJanuary5at$12.05pershare.XYZdeclareda $0.30persharedividendonFebruary24witharecorddateofFriday,March24anda paymentdateofApril15.Marksoldhis100sharesonMarch22atapriceof$13.22ashare. HowmuchdidMarkmakeonthisinvestment? A.$87 B.$117 C.$127 D. $147 E.$177 LuckyMike's,Inc.hasatargetdebt/equityratioof0.75.After-taxearningsfor2009were $850,000andthefirmneeds$1,150,000fornewinvestments.Ifthecompanyfollowsa residualdividendpolicy,whatdividendwillbepaid? A.0 B.67,240 C.$192,857 D.$213,164 E. $337,500 Please elaborate the qsns with explainations
Markbought100sharesofXYZstockonJanuary5at$12.05pershare.XYZdeclareda
$0.30persharedividendonFebruary24witharecorddateofFriday,March24anda
paymentdateofApril15.Marksoldhis100sharesonMarch22atapriceof$13.22ashare.
HowmuchdidMarkmakeonthisinvestment?
A.$87
B.$117
C.$127
D.$147
E.$177
LuckyMike's,Inc.hasatargetdebt/equityratioof0.75.After-taxearningsfor2009were
$850,000andthefirmneeds$1,150,000fornewinvestments.Ifthecompanyfollowsa
residualdividendpolicy,whatdividendwillbepaid?
A.0
B.67,240
C.$192,857
D.$213,164
E.$337,500
Please elaborate the qsns with explainations
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Fundamentals of Financial Accounting
Authors: Fred Phillips, Robert Libby, Patricia Libby
6th edition
ISBN: 1259864235, 1259864230, 1260159547, 126015954X, 978-1259864230
