Information from bagwell comparative balance sheets

Assignment Help Finance Basics
Reference no: EM131412502

Bagwell's net income for the year ended December 31, Year 2 was $190,000. Information from Bagwell's comparative balance sheets is given below. Compute the cash paid for dividends during Year 2.

At December 31

Year 2

Year 1

Common Stock, $5 par value

$

505,000

$

454,500

Paid-in capital in excess of par

 

953,000

 

857,500

Retained earnings

 

693,000

 

586,500

a) $146,000

b) $83,500

c) $95,500

d) $50,500

e) $106,500

Reference no: EM131412502

Pay for the project and still earn its required return

The project has the same risk as the firm's overall operations and must be financed externally. Equity costs 14% and debt costs 4% on an after-tax basis. The firm's D/E rati

Prentice net sales for this period equal

Prentice Company, Inc. had cash sales of $95,075, credit sales of $83,925, sales returns and allowances of $2,025, and sales discounts of $3,800. Prentice's net sales for th

Amount of the cash paid on july

A company purchased $3,200 of merchandise on July 5 with terms 1/10, n/30. On July 7, it returned $350 worth of merchandise. On July 14, it paid the full amount due. The amo

Insurance expense on the annual income statement

On July 1, a company paid the $6,000 premium on a one-year insurance policy with benefits beginning on that date. What will be the insurance expense on the annual income sta

Component of the s-p 500

Choose a company in a part of the world and domain where you feel at ease with daily quotes available at http://finance.google.com and which issue dividends (e.g. you can sel

Amount of tuition revenue

On January 1, Eastern College received $1,250,000 from its students for the spring semester that it recorded in Unearned Tuition and Fees. The term spans four months beginni

What was the amount of credit sales during may

On April 30, Victor Services had an Accounts Receivable balance of $26,800. During the month of May, total credits to Accounts Receivable were $61,600 from customer payments

Policy of recording all prepaid expenses

On July 1 Plum Co. paid $9,000 cash for management services to be performed over a two-year period. Plum follows a policy of recording all prepaid expenses to asset accounts

Reviews

Write a Review

 
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