Del mare inc earned net income of 210000 during the year

Assignment Help Finance Basics
Reference no: EM13480313

Del Mare Inc. earned net income of $210,000 during the year ended December 31, 2012. On December 15, 2012, Del Mare Inc. declared the annual cash dividend on its 3% preferred stock (total par value, $170,000) and a $0.80 per share cash dividend on its common stock (95,000 shares outstanding). Del Mare Inc. then paid the dividends on January 4, 2013.

Required:

Journalize for Del Mare Inc.

a. Declaring the cash dividends on December 15, 2012

b. Paying the cash dividends on January 4, 2013.

Reference no: EM13480313

Questions Cloud

Labor 52400 depreciation 6700 supplies 2500 power 1400 : audio master inc manufacturers audio speakers. each speaker requires 125 per unit direct materials. the speaker
Total machine hours incurred during the year 118000 : the following information relates to araceli manufacturing companytotal estimated maunufacturing overhead cost at
Type your question heretoan inc uses a job-order costing : type your question heretoan inc. uses a job-order costing system in which any underapplied or overapplied overhead is
What does section 404 require of managements internal : what does section 404 require of managements internal control report? research a public company and explain how
Del mare inc earned net income of 210000 during the year : del mare inc. earned net income of 210000 during the year ended december 31 2012. on december 15 2012 del mare inc.
The company pays its employees at the end of the day friday : the company pays its employees at the end of the day friday for work done during that five-day work-week. total wages
Journalize nhss issuance of the bonds and first semiannual : nhs co. issued 350000 of 10-year bonds payable on january 1. nhs pays interest each january 1 and july 1 and
Prepare the stockholders equity section of zippys balance : the charter for zippy inc. authorizes the company to issue 500000 shares of 7 no-par preferred stock and 1100000
Earnings per share and retained earnings okra snack : earnings per share and retained earnings okra snack delights inc. has an operating profit of 210000. interest expense

Reviews

Write a Review

Finance Basics Questions & Answers

  Prepare a bank reconciliation

The following are summary financial information for Parker Corporation, and Boulder, Corporation, for three recent years:

  Determine the price of implementing a straddle position

Assuming the strike price is $30, stock price is $30, the risk free rate is 2%, and it is a 6 month option, the call premium is $3.59, determine the price of implementing a straddle position and explain when the option position will make money and..

  What is your total nominal return on this investment

Today, the required return on this stock is 8 percent and you just sold all of your shares. What is your total nominal return on this investment?

  Present value of annuity problem you will receive 1000 at

present value of annuity problem you will receive 1000 at the end of the next 10 years assuming a 7 discount rate what

  Trustee in bankruptcy announced that stock was valueless

Trustee in bankruptcy announced that stock was valueless also that even some of its favoured creditors would not be paid.

  1 is garbage collection a public good 2 if it is a private

1. is garbage collection a public good?2. if it is a private good and not a public good why is garbage collection so

  Shareholders if xyz company has voted in favor of a buyout

The shareholders if XYZ Company has voted in favor of a buyout offer from ABC Corporation. Information about each firm is given here:

  Compute the liquidity premium

Niendorf Company's five year bonds yield 6.75% and 5 year T-bonds yield 4.80%. The real risk-free rate is 2.75%, the inflation premium for 5-year bonds is 1.65%,

  Determine at least three different internal and external

dr. doright has recently been hired as the president of the ldquouniversal human care hospitalrdquo where he oversees

  Pv of future cash flows and multiples based accounting

How are valuations based upon financial statement data affected by the companies' financial reporting choices and earnings management?

  They are of limited use to non-profit organizations they

in marketing the identification and profiling of distinct groups of buyers who might prefer or require varying product

  What is the present value of your equity holdings

What is the present value of your equity holdings under the scenario where the firm plans to borrow $150K in the third year? How does this differ from your answer to a)? How does your answer contrast with the answer in Question 5? Explain the differe..

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