How much in dividends did the firm pay to shareholders

Assignment Help Financial Management
Reference no: EM13890515

In its most recent financial statements, Del-Castillo Inc. reported $40 million of net income and $990 million of retained earnings. The previous retained earnings were $971 million. How much in dividends did the firm pay to shareholders during the year? Enter your answer in dollars. For example, an answer of $1.2 million should be entered as 1,200,000.

Reference no: EM13890515

Questions Cloud

Describe the procedure foir custom clearance : Describe the procedure foir custom clearance of exports cargo by along with documentayion formalities
What is sensitization to a stimulus : What is sensitization to a stimulus? (Be sure in your definition it is clear how sensitization is different from habituation or other types of learning.)
Adjusted trial balance as of the same date : A six column table for Yan Consulting Company follows.
Average cost of capital for use in capital budgeting : Which of the following is NOT a capital component when calculating the weighted average cost of capital (WACC) for use in capital budgeting?
How much in dividends did the firm pay to shareholders : In its most recent financial statements, Del-Castillo Inc. reported $40 million of net income and $990 million of retained earnings. The previous retained earnings were $971 million. How much in dividends did the firm pay to shareholders during the y..
Growth in the dividend : Mittal Corp forecasts dividends of $1.50 one year from now, $2.20 two years from now, $2.60 three years from now, followed by growth in the dividend of 5% per year forever after that. The required return on the stock is 9%. Your estimate of Mittal's ..
Covariance with the market return : The stock of Hammond corp. has a covariance with the market return of 0.031%. The variance of the market return is 0.041%. The estimated risk free rate is 4% and the estimated market rate of return is 10%. The estimated required return on Hammond's s..
Tax rate would investor be indifferent between two bonds : Corporate bonds issued by Johnson Corporation currently yield 12%. Municipal bonds of equal risk currently yield 7%. At what tax rate would an investor be indifferent between these two bonds?
What was wal-marts original strategy for creating value : What was Wal-Marts original strategy for creating value and how sustainable is the company's competitive advantage?

Reviews

Write a Review

Financial Management Questions & Answers

  What is the amount of the firms total stockholders equity

Purple Dalia, Inc. has the following balance sheet statement items: current liabilities of $605,742; net fixed and other assets of $1,990,510; total assets of $3,013,480; and long-term debt of $728,980. What is the amount of the firm’s total stockhol..

  About the cyclical phase of the stock market

Common stock mutual fund manager, Mr. Jim, forms expectations about the cyclical phase of the stock market when actively managing his fund portfolio. In what situation might Mr. Jim want to lower the average beta of the fund that he manages? Explain ..

  Calculate the allowable growth in the banks assets

Calculate the allowable growth in the bank's assets supported by these projections. What growth rate could be supported if the bank issued additional common stock equal to 1 percent of bank assets, with the same earnings projections?

  How many hours must DBC bill to clients to break even

Danny’s Consulting Company (DCC) bills clients by the hour. DCC bills clients $250 per hour of consulting provided. DCC has variable costs of $100 per hour. DCC has fixed costs of $300,000. How many hours must DBC bill to clients to break even?

  An investment advisor is recommending bond

If an investment advisor is recommending a bond that is essentially risk free, that is, a bond that is guaranteed by the US government (e.g. Ginnie Mae), does that advisor have an obligation to explain the investment risk to his/her client fully?

  The annual sales figure when evaluating this project

Winnebagel Corp. currently sells 24,000 motor homes per year at $62,000 each, and 9,000 luxury motor coaches per year at $99,000 each. The company wants to introduce a new portable camper to fill out its product line; it hopes to sell 19,000 of these..

  Cost of preferred stock

(Cost of preferred stock) the preferred stock of Gator Industries sells for $35.84 and pays $2.75 per year in dividends. What is the cost of preferred stock financing? If Gator were to issue 519,000 more preferred shares just like the ones it current..

  What were the dividends paid by the firm

The year-end 2010 balance sheet of Brandex Inc. listed common stock and other paid-in capital at $3,000,000 and retained earnings at $5,300,000. The next year, retained earnings were listed at $5,600,000. The firm’s net income in 2011 was $1,090,000...

  What was the holding period return for the stock

A stock has had returns of 16.42 percent, 12.14 percent, 5.64 percent, 26.50 percent, and ?13.34 percent over the past five years, respectively. What was the holding period return for the stock?

  Why they have such a high rate of disability claims

You are benefits consultant reviewing the disability coverage’s offered by one of your client firms. ."The plan is not integrated with workers' compensation or Social Security benefits at all. Explain to the firm why they have such a high rate of dis..

  Explain machine must be replaced at the end of its life

Either machine must be replaced at the end of its life with an equivalent machine. Which is the better machine for the firm? The discount rate is 6% and the tax rate is zero.

  Depreciated over five years using the straight-line method

Scott Investors, Inc. is considering the purchase of a $360,000 computer with an economic life of five years. The computer will be fully depreciated over five years using the straight-line method. The market value of the computer will be $60,000 in f..

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