How large per-share cash dividend did the firm pay

Assignment Help Financial Accounting
Reference no: EM13864168

Statement of retained earnings Hayes Enterprises began 2015 with a retained earnings balance of $928,000. During 2015, the firm earned $377,000 after taxes. From this amount, preferred stockholders were paid $47,000 in dividends. At year-end 2015, the firm’s retained earnings totaled $1,048,000. The firm had 140,000 shares of common stock outstanding during 2015.

a. Prepare a statement of retained earnings for the year ended December 31, 2015, for Hayes Enterprises. (Note: Be sure to calculate and include the amount of cash dividends paid in 2015.)

b. Calculate the firm’s 2015 earnings per share (EPS).

c. How large a per-share cash dividend did the firm pay on common stock during 2015?

Reference no: EM13864168

Questions Cloud

Compute basic and diluted eps for the year ended : On January 1, 2013, Tonge Industries had outstanding 620,000 common shares (par $1) that originally sold for $20 per share, and 7,000 shares of 10% cumulative preferred stock (par $100), convertible into 70,000 common shares. Compute basic and dilute..
Describe how the disorder could affect memory : Describe how altered states of consciousness related to sleep, psychoactive drugs, or meditation and hypnosis affect individuals with the disorder. Describe how the disorder could affect memory. Provide a brief description of any biological influen..
Make the ad campaign as acttractive as the ordering system : An Arrow product typically earn a contribution margin ratio of 25 percent and has current fixed costs of $80,000. for each option, how much will projected operating income increase or drecrease relative to initial predictions? by what percentage woul..
What if the terms had been eom instead of mom : A buyer is given cash discount terms of 4/10, net 30 MOM. The invoice for the goods is dated September 9. When will the discount period expire? What if the terms had been EOM instead of MOM?
How large per-share cash dividend did the firm pay : Statement of retained earnings Hayes Enterprises began 2015 with a retained earnings balance of $928,000. During 2015, the firm earned $377,000 after taxes. From this amount, preferred stockholders were paid $47,000 in dividends. Prepare a statement ..
Difference between operational and strategic data sets : difference between operational and strategic data sets
Discuss the process of the human memory system : Discuss the process of the human memory system. Describe each component of the memory system (explain duration and capacity) and Explain how each component is connected
Balance sheet preparation use the appropriate items : Balance sheet preparation Use the appropriate items from the following list to prepare in good form Mellark’s Baked Goods balance sheet at December 31, 2015.
Explain what kind of temperament : Explain what kind of temperament you had as an infant. How did it affect your relationship with your parents or caregivers?

Reviews

Write a Review

Financial Accounting Questions & Answers

  What is the total stockholder''s equity

The stockholder's equity for a company is 95,000 in the beginning of July. In the month of July, the company paid 25,000 in debt and 10,000 in salaries expense. What is the total stockholder's equity at the end of the month?

  How many of each product should be produced per month

How many of each product should be produced per month using the short-run strategy - Information Technologies manufactures 3 sizes of copiers: light usage, medium usage, and heavy usage

  Explain the significance of the acquisition date

Briefly explain the significance of the acquisition date and the date of exchange and outline how the consideration (in a business acquisition) is calculated when the acquisition of the target company is carried out in stages.

  What is the amount realized by camille in the exchange

Camille also incurred selling expenses of $100. What is the amount realized by Camille in the exchange?

  Average cost per motor at this level of activity

This motor has recently become available from an outside supplier for $24.25 per motor. If Barrus decides not to make the motors, none of the fixed manufacturing overhead would be avoidable and there would be no other use for the facilities.

  Determine the npv of this project

Determine the NPV of this project

  Journalize the entries to record the transactions

Heavenly Sounds Corp., an electric guitar retailer, was organized by Mickey Blessing, John Frey, and Nancy Stein. The charter authorized 750,000 shares of common stock with a par $20. the following transactions affecting stockholders equity were comp..

  Explain agents and managers for artists

During the past couple of years, ROCK has taken advantage of bonus depreciation and section 179 deductions and fully remodeled the premises and upgraded its leasehold improvements. This year, ROCK wrapped up its remodel with the purchase of @20,00..

  What is the current bond price

Ninja Co. issued 19-year bonds a year ago at a coupon rate of 6.9 percent. The bonds make semiannual payments. If the YTM on these bonds is 5.2 percent, what is the current bond price? Assume a face value of $1,000

  Explain how supply chain and macroeconomic environment

Which costing system would be more efficient when direct materials and direct labor costs are high, and overhead costs are low and why? Which costing system would be more efficient when direct labor costs and direct materials are low, and overhead is..

  You are trying to evaluate how much money your company xyz

you are trying to evaluate how much money your company xyz corporation will need to borrow from the bank if any. you

  The contribution margin ratio

The contribution margin ratio is 25% for Grain Company and the break-even point in sales is $196,800. To obtain a target net operating income of $78,000, sales would have to be: (Do not round intermediate calculations.)

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd