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Authorized and available shares. Aspin Corporation's charter authorizes issuance of 2,000,000 shares of common stock. Currently, 1,400,000 shares are outstanding and 100,000 shares are being held as treasury stock. The firm wishes to raise $48,000,000 for a plant expansion. Discussions with its investment bankers indicate that the sale of new common stock will net the firm $60 per share. What is the maximum number of new shares of common stock the firm can sell without receiving further authorization from shareholders? Based on the data-given and your finding in part a, will the firm be able to raise the needed funds without receiving further authorization? What must be the firm do to obtain authorization to issue more than the number of shares found in part a? 2.Preferred dividends. Slater Lamp Manufacturing has an outstanding issue of preferred stock with an $ 80 par value and an 11 % annual dividend. a. What is the annual dollar dividend? If it is paid quarterly, how much will be paid each quarter? b. If the preferred stock is noncumulative and the board of directors has passed the preferred dividend for the last 3 years, how much must be paid to preferred stockholders before dividends are paid to common stockholders? c. If the preferred stock is cumulative and the board of directors has passed the preferred dividend for the last 3 years, how much must be paid to preferred stockholders before dividends are paid to common stockholders? 3. Preferred dividends. In each case in the following table, how many dollars of preferred dividends per share must be paid to preferred stockholders before common stock dividends are paid? Case Type Par value Dividend per share per period Periods of dividends passed A Cumulative $80 $5 2 B Noncumulative $110 8% 3 C Noncumulative $100 $11 1 D Cumulative $60 8.5% 4 E Cumulative $90 9% 0 4.Underwriting spread. Hildreth Recycling is interested in selling common stock to raise capital for plant expansion. The firm has hired First Atlanta Company, a large investment banking firm, to serve as underwriter. First Atlanta believes that the stock can be sold for $ 80 per share, that its administrative costs will be 2 % of the sale price, and that its selling costs will be 1.5 % of the sale price. If First Atlanta requires a profit equal to 1 % of the sale price, how much will the spread have to be, in dollars, to cover its costs and profits?
The truck will have no effect on revenues, but it is expected to save the firm $23,600 per year in before-tax operating costs, mainly labor. The firm's marginal tax rate is 34 percent.
chris spear invested 15000 today in a fund that earns 8 compounded annually. to what amount will the investment grow in
it may surprise you that there are cash flows associated with holding a job.nbsp using the examples provided in chapter
A firm has a profit margin of 3.8 percent, a capital intensity ratio of 1.1, and a debt-equity ratio of .8. What is the firm's ROE?
on the international side of your compnay the countries you are operating in are experiencing nots strikes by the
Comfortable Hands is a corporation that features a product line of winter gloves for the entire family men, women, and the children. They are trying to decide what mix of these 3 kinds of gloves to produce.
A proposed project has fixed costs of $90,000 per year. The operating cash flow at 4,700 units is $96,000. Ignoring the effect of taxes.
kate has been employed by a well-known manufacturing company for 12 years. she is the only female on her line and the
you quote oehmke who seem to have said that the npv could be increasing as the discount rate increases. i doubt that
Assume that the American Health Systems can earn 9% on the proceeds of the stock issue in time to include them in the current years results. Calcualte earnings per share. Should the new issue be undertaken based on earnings per share?
If you purchase the car, you will it off in monthly payments over the next three years at a 7 percent APR. You believe that you will be able to sell the car for $18,000 in three years.
Determine the correct statement regarding profit sharing plan.
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