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

Question

1 Approved Answer

Q29: Six months ago, Benders Gym repurchased $140,000 of its common stock. The company pays regular dividends totaling $18,500 per quarter. What is the amount

image text in transcribed

Q29: Six months ago, Benders Gym repurchased $140,000 of its common stock. The company pays regular dividends totaling $18,500 per quarter. What is the amount of the cash flow to stockholders for the past year if 1,200 new shares were issued and sold for $38 a share? A. -$10,000 B. $20,400 C. $28,500 D. $74,000 E. $168,400

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 Smart Investors Survival Guide

The Smart Investors Survival Guide

Authors: Charles Carlson

1st Edition

0385503873, 978-0385503877

More Books

Students also viewed these Finance questions

Question

★★★★★
A non-symmetrical lens (say, planoconvex) forms an image of a nearby object. Use the lensmaker's equation to explain if the image point changes when the lens is turned around.

Answered: 1 week ago

Question

★★★★★
WNAE, an all-news AM station, finds that the distribution of the lengths of time listeners are tuned to the station follows the normal distribution. The mean of the distribution is 15.0 minutes and...

Answered: 1 week ago

Question

★★★★★
What are the pros and cons of locating materials handling operations such as labelling and packing in a distribution centre, as opposed to in the factory?

Answered: 1 week ago

Question

★★★★★
Clark is employed by a company that currently pays him $90,000 per year. He owns a new car that he bought for cash of $39,000. Clark is thinking about returning to school to obtain a law degree....

Answered: 1 week ago

Question

★★★★★
It takes longer than 8 years to retire a $24,000 loan at 8% if the annual payment is $3,000. T or F.

Answered: 1 week ago

Question

★★★★★
1. Aggregate supply denitions The short-run aggregate supply curve shows: O The relaonship between the price level and aggregate expenditure C} What happens to output in an economy when the...

Answered: 1 week ago

Question

★★★★★
The probability of event "A" is 50%. The probability of event "B" is 20%. "A" and "B" are two independent events. What is the probability of observing "A" and "B"?

Answered: 1 week ago

Question

★★★★★
Some statements are not considered hearsay because these statements are not being offered to prove the truth of the matter asserted in the statements. Thus, you must always ask yourself what is being...

Answered: 1 week ago

Question

★★★★★
21. Data: S0 = 100; X = 110; 1 + r = 1.1. The two possibilities for ST are 150 and 80. Calculate the value of a call option on the stock with an exercise price of 110. (Do not use continuous...

Answered: 1 week ago

Question

★★★★★
Car expenses using logbook and expense data Rory derives business income from a retail cosmetics store. On 1 October 2023, Rory bought a Mercedes for $38,340. Its effective life is eight years. Rory...

Answered: 1 week ago

Question

★★★★★
An analyst for Bloom Ltd, gathered the following information with regards to futures contract: Current spot-market price of R60 Risk-free interest rate of 8.87% per annum The six-month future...

Answered: 1 week ago

Question

★★★★★
2. Describe the uses of the job description and person specification/competency profile in the recruitment process.

Answered: 1 week ago

Question

★★★★★
plan and conduct an interview and assess the candidate, recording and justifying your decisions and provide feedback to candidates

Answered: 1 week ago

Question

★★★★★
3. What approaches to recruitment can an employer adopt in order to create and project a positive public image?

Answered: 1 week ago

Previous Question Next Question