Most recent financial statements

Assignment Help Financial Management
Reference no: EM13985563

In its most recent financial statements, Newhouse Inc. reported $65 million of net income and $975 million of retained earnings. The previous retained earnings were $926 million. How much in dividends were paid to shareholders during the year? Assume that all dividends declared were actually paid. Write out your answer completely. For example, 25 million should be entered as 25,000,000. Round your answer to the nearest dollar, if necessary.

Reference no: EM13985563

Questions Cloud

Assuming they do not save any additional funds : Your parents will retire in 19 years. They currently have $220,000, and they think they will need $2,100,000 at retirement. What annual interest rate must they earn to reach their goal, assuming they don't save any additional funds? Round your answer..
What is the firms net operating working capital : The assets of Dallas & Associates consist entirely of current assets and net plant and equipment. The firm has total assets of $3 million and net plant and equipment equals $2.7 million. It has notes payable of $150,000, long-term debt of $750,000, a..
Considering a new three-year expansion project : Quad Enterprises is considering a new three-year expansion project that requires an initial fixed asset investment of $3 million. The fixed asset will be depreciated straight-line to zero over its three-year tax life. The project is estimated to gene..
Aggressive marketing campaign : Suppose that in 2013, Global Conglomerate Corporation (Global) launches an aggressive marketing campaign that boosts sales by 20%. However, their operating margin falls from 5.7% to 4.4% suppose that they have no other income, interest expenses are u..
Most recent financial statements : In its most recent financial statements, Newhouse Inc. reported $65 million of net income and $975 million of retained earnings. The previous retained earnings were $926 million. How much in dividends were paid to shareholders during the year? Assume..
What is the percentage price change of these bonds : Bond J has a coupon rate of 7 percent and Bond K has a coupon rate of 13 percent. Both bonds have 15 years to maturity, make semiannual payments, and have a YTM of 10 percent. If interest rates suddenly rise by 2 percent, what is the percentage price..
Social security is considered pension plan : Why does it matter whether Social Security is considered a pension plan or an entitlement program? How does the Federal Accounting Standards Advisory Board (FASAB) direct that Social Security be reported? What unique issues does the federal governmen..
How would this change your investment strategy : At a lunch with some business associates, you discuss the reason for the relationship between the economy and the stock market. One of your associates contends that she has heard that stock prices typically turn before the economy does. How would you..
Make monthly disbursements : You are the financial manager for a mid-sized company with 10 locations throughout the United States. You make monthly disbursements (including suppliers, vendors, governments and employees) of over $750,000. Discuss various strategies to put in plac..

Reviews

Write a Review

Financial Management Questions & Answers

  What is tdds average accounts receivable figure

Two Doors Down, Inc., has weekly credit sales of $39,300, and the average collection period is 41 days. What is TDD’s average accounts receivable figure?

  Discount rate being used will equal the projects irr

Explain the following statement: “When the NPV of a project = $0, the discount rate being used will equal the project’s IRR.” Use math to explain your answer. Hint: Equations 10-1 and 10-2 may help with the math.

  Consider the cash flows

Consider the following cash flows: Year Cash Flow 2 $ 21,600 3 39,600 5 57,600 Assume an interest rate of 8.4 percent per year. Requirement 1: If today is Year 0, what is the future value of the cash flows five years from now? Requirement 2: If today..

  Disadvantage of sensitivity analysis

Which one of these is a disadvantage of sensitivity analysis?

  Make a single investment now instead of spending

If a company wanted to make a single investment now instead of spending $25,000 five years from now, how much would the investment be at an interest rate of 12% compounded per year? Calculate nearest to value.

  Impact the company cost of capital

If Exxon Mobil decided to take on a large, representing over 40% of their existing capital, project outside of their industry, how would this impact the company’s cost of capital for Exxon Specifically?

  Floating exchange rate

Does the IMF have more control over pegged exchange rate prior to 1971, than it does today over floating exchange rate?

  Computer-based order entry system-one-time reduction

Project Evaluation Your firm is contemplating the purchase of a new $670,000 computer-based order entry system. The system will be depreciated straight-line to zero over its five-year life. It will be worth $50,000 at the end of that time.

  Calculate the call value of owens corning warrants

When Owens Corning emerged from bankruptcy in 2006, the debt holders became the sole owners of the company. But the old stockholders were not left entirely empty handed. They were given warrants to buy the new common stock at any point in the next se..

  Expect a constant-growth rate

A company with a return on equity of 15.7% and a plowback ratio of 70% would expect a constant-growth rate of:

  Current law regarded additional first year depreciation

Tariq purchased a new business asset (five-year property) on September 30, 2015, at a cost of $150,000. On October 4, 2015, Tariq placed the asset in service. This was the only asset Tariq placed in service 2015. Tariq did not elect s. 179 and follow..

  The objectivespurpose of the research paper project are to

the objectivespurpose of the research paper project are to enable you to do a comprehensive financial analysis of a

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