What was the net income for the year

Assignment Help Financial Management
Reference no: EM131299971

The ThisIsFun Company paid out $15 million in common stock dividends. Year-end retained earnings totaled $145 million. In the previous year retained earnings totaled $144 million. What was the net income for the year? Show all work for full credit.

Reference no: EM131299971

Questions Cloud

Define and explain capex and how you calculate : Define A/R Turn Days and how you calculate. Define A/P Turn Days and how you calculate. Define Inventory Turn Days and how you calculate. Define and explain CAPEX and how you calculate.
Define total debt to tangible net worth : Define Working Capital and how you calculate. Define Total Debt to Tangible Net Worth and how you calculate. Define Total Debt to Effective Tangible Net Worth and how you calculate. What is PMSI and how is it different from a standard security intere..
Define treasury stock and how you calculate : Provide the four (cash) ways Net Worth can change and how you calculate. Define Treasury Stock and how you calculate. Define Current Portion of Long Term Debt and how you calculate. Explain the difference between NOI and EBITDA and how you calculate.
Calculate the amount of money that emily needs to set aside : Emily Smith just received a promotion at work that increased her annual salary to $42,000. She is eligible to participate in her employer’s 401(k) retirement plan to which the employer matches, dollar for dollar, workers’ contributions up to 5% of sa..
What was the net income for the year : The ThisIsFun Company paid out $15 million in common stock dividends. Year-end retained earnings totaled $145 million. In the previous year retained earnings totaled $144 million. What was the net income for the year? Show all work for full credit.
Premium or discount relative to the spot rate : Assume that interest rate parity holds and that 90-day risk-free securities yield 6% in the United States and 6.5% in Germany. In the spot market, 1 euro equals $1.47 dollar. Is the 90-day forward rate trading at a premium or discount relative to the..
What is one example of a money market security : What is one example of a money market security and one example of a capital market security? What is the retained earnings account on the balance sheet? Include how this number changes from year to year. What ratio indicates how well the operating as..
What is expected addition to retained earnings for year : The ThisInstructorIsSoNice Company expects to have net income of $18 million for the year, and to pay out $3 million in dividends to common stockholders. There is no preferred stock. What is the expected "addition to retained earnings" for the year?
What is the present value of a security : What is the present value of a security that will pay $5,000 in 20 years if securities of equal risk pay 7% annually?

Reviews

Write a Review

Financial Management Questions & Answers

  Growth rate in dividends forever

Far Side Corporation is expected to pay the following dividends over the next four years: $12, $10, $6, and $3. Afterward, the company pledges to maintain a constant 6 percent growth rate in dividends forever. Required: If the required return on the ..

  What kind of features or options hedges

What kind of features or options hedges would be called for the following situation? Caufield thrift association finds that it's assets have an average duration of 1.5 years and is liabilities have an average duration of 1.1 years. The ratio of liabi..

  Determine the percentage of total payment spent

Determine the Percentage of Total Payment Spent

  Find the monthly savings that equals this fv

Tyler is putting away $1,250 per month in an account earning 9.25% annually. the plane he would like to buy currently costs $430,000 and is expected to increase in price at an annual inflation rate of 3.25% how long will it take Tyler to save up the ..

  The dividends paid to the stocks in the underlying index

Since their introduction, stock index futures contracts have become very popular and are now widely traded by finance professionals. Many factors, including (1) the current price of the underlying stock index, (2) the time to contract maturity, and (..

  What is amount of the last dividend paid

Weisbro and Sons common stock sells for $25 a share and pays an annual dividend that increases by 3.3 percent annually. The market rate of return on this stock is 11.00 percent. What is the amount of the last dividend paid by Weisbro and Sons?

  Calculate the expected dividend yield

You buy a share of The Ludwig Corporation stock for $21.80. You expect it to pay dividends of $1.01, $1.16, and $1.3323 in Years 1, 2, and 3, respectively, and you expect to sell it at a price of $28.02 at the end of 3 years. Calculate the growth rat..

  Design of a cash concentration system

Design of a Cash Concentration System by Stone and Hill - Comment on the major issues involved in the structuring and implementation of an efficient cash collection system.

  The expected return and standard deviation of portfolio

Stock X and Stock Z both have an expected return of 10%. The standard deviation of the expected return is 8% for Stock X, and 12% for Stock Z. Assume that these are the only two stocks available in a hypothetical world. What is the expected return an..

  Calculate how much money you should have at retirement

You are trying to calculate how much money you should have at retirement. On your 58th birthday you will retire and immediately make your first withdrawal of $5,000.00. You plan to make 26 such withdrawals each year. You plan to continue withdrawing ..

  Postage stamps per year to the us postal service

Consider a project to supply 117 million postage stamps per year to the U.S. Postal Service for the next five years. You have an idle parcel of land available that cost $2,070,000 five years ago; if the land were sold today, it would net you $2,270,0..

  Analyze finance and value creation arguments

Analyze finance and value creation arguments. - Analyze finance and value creation facts and data.- Analyze validity of finance and value creation arguments.

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