FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Net income=$122,750. 30% of net income is distrubited as a dividend payment. New common stock was sold to stockholders for $75,750. What was cash flow

Net income=$122,750. 30% of net income is distrubited as a dividend payment. New common stock was sold to stockholders for $75,750. What was cash flow to stockholders?

Multiple Choice

  • $47,000

  • $38,925

  • $36,825

  • $38,925

  • $36,825

Step by Step Solution

There are 3 Steps involved in it

Step: 1

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

blur-text-image

Step: 3

blur-text-image

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

The Economics Of Financial Markets

The Economics Of Financial Markets

Authors: Roy Bailey

1st Edition

051111415X, 9780511114151

More Books

Students also viewed these Finance questions

Question

★★★★★
Waterways Corporation is continuing its budget preparations. This problem gives you static budget information as well as actual overhead costs and asks you to calculate amounts related to budgetary...

Answered: 1 week ago

Question

★★★★★
Determining Personal Risks. Talk to friends, relatives, and others about their personal financial activities. Ask about potential risks associated with making financial decisions. What actions might...

Answered: 1 week ago

Question

★★★★★
Find P(z -0.5). This probability corresponds to the area to the right of a point z=-0.5 standard deviation to the left of the mean (see Figure 6.10). FIGURE 6.10 Area under the standard normal curve...

Answered: 1 week ago

Question

★★★★★
Panoramic Inc. had a beginning balance of $2,000 in its Accounts Receivable account. The ending balance of Accounts Receivable was $2,400. During the period, Panoramic recognized $40,000 of revenue...

Answered: 1 week ago

Question

★★★★★
(I only need help with the problem in the images below.) (I only need help with the problem provided in the images below.) Karen Noonan opened Metlock Inc. on February 1, 2017. During February, the...

Answered: 1 week ago

Question

★★★★★
1. Public corporations are required by law or regulation to perform all of the following except: Submit much of their financial information to the SEC for review. Make regularly scheduled dividend...

Answered: 1 week ago

Question

★★★★★
There are several major obstacles that may prevent action from being taken to improve the effectiveness of OSHA. These obstacles include inadequate OSHA funding lack of government support for OSHA,...

Answered: 1 week ago

Question

★★★★★
A = Annual demand = 5 0 0 disk drives per year. N = Number of working days in a years at Applied Tech = 2 5 0 days per year H = Holding Cost per year for each disk drive = $ 1 0 / drive / year S =...

Answered: 1 week ago

Question

★★★★★
Ithaca Transport serves a variety of customers, from individual consumers needing a single item delivered, to large manufacturers or wholesalers needing to ship goods to the other side of the world....

Answered: 1 week ago

Question

★★★★★
dentify one challenge or opportunity that you will address as a consultant for medtronic. In your speaker notes, explain the basis or rationale behind this selection. Remember, you are creating a...

Answered: 1 week ago

Question

★★★★★
At the end of the first year of operations (December 31, 2021), the following financial data for APEC Aerospace Corporation are available: Accounts Payable Accounts Receivable Cash $ 33,630 10,000...

Answered: 1 week ago

Question

★★★★★
=+4. Are independent board members truly independent? What would you do to ensure the greater independence of board members?

Answered: 1 week ago

Question

★★★★★
=+3. Look at the four principles of good governance used by BusinessWeeks ranking in The Best & Worst Boards. Which of these do you think is the most important? Why?

Answered: 1 week ago

Question

★★★★★
=+Which of these two positions from the BusinessWeek/Harris Poll do you support? Why?

Answered: 1 week ago

Previous Question Next Question