7. Find the ex-dividend price The market value balance sheet for Briggs Manufacturing is shown here. The companyhas declared a 10 percent stock dividend. The stock goes ex dividend tomorrow (thechronology for a stock dividend is similar to that for a cash dividend). There are 30,000shares of stock outstanding.CashFixed assetsMarket Value Balance Sheet$ 141,000 Debt960,000 Equity$ 291,000810,000Total$1,101,000Total$1,101,000What will the ex-dividend price be? (Do not round intermediate calculations and roundyour answer to 2 decimal places, e.g., 32.16.)Ex-dividend price< Prev7 ofpe here to search

We know that dividend is the distribution of accumulated profits of an entity. Stock dividend is a…

Answered: The market value balance sheet for…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter15: Dividend Policy

Section: Chapter Questions

Problem 2P

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Rebert Inc. showed the following balances for last year: Reberts net income for last year was 3,182,000. Refer to the information for Rebert Inc. above. Also, assume that the dividends paid to common stockholders for last year were 2,600,000 and that the market price per share of common stock is 51.50. Required: 1. Compute the dividends per share. 2. Compute the dividend yield. (Note: Round to two decimal places.) 3. Compute the dividend payout ratio. (Note: Round to two decimal places.)
Rebert Inc. showed the following balances for last year: Reberts net income for last year was 3,182,000. Refer to the information for Rebert Inc. above. Also, assume that the market price per share for Rebert is 51.50. Required: 1. Compute the dollar amount of preferred dividends. 2. Compute the number of common shares. 3. Compute earnings per share. (Note: Round to two decimals.) 4. Compute the price-earnings ratio. (Note: Round to the nearest whole number.)
Ratio Analysis MJO Inc. has the following stockholders equity section of the balance sheet: On the balance sheet date, MJOs stock was selling for S25 per share. Required: Assuming MJOs dividend yield is 1%, what are the dividends per common share? Assuming MJOs dividend yield is 1% and its dividend payout is 20%, what is MJOs net income?
The market value balance sheet for Murray Manufacturing is shown here. The company has declared a 20 percent stock dividend. The stock goes ex dividend tomorrow (the chronology for a stock dividend is similar to that for a cash dividend). Cash Fixed assets Total Market Value Balance Sheet $ 88,000 720,000 $ 808,000 $ 147,000 661,000 Total $ 808,000 a. Current share price b. Ex-dividend price Debt Equity a. There are 23,000 shares of stock outstanding. What is the current share price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What will the ex-dividend price be? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
The market value balance sheet for Murray Manufacturing is shown here. The company has declared a stock dividend of 25 percent. The stock goes ex dividend tomorrow (the chronology for a stock dividend is similar to that for a cash dividend). Market Value Balance Sheet Cash $ 134,000 Debt $ 116,000 Fixed assets 652,000 Equity 670,000 Total $ 786,000 Total $ 786,000 There are 11,000 shares of stock outstanding. What is the current share price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) What will the ex-dividend price be? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
The market value balance sheet for Murray Manufacturing is shown here. The company has declared a 30 percent stock dividend. The stock goes ex dividend tomorrow (the chronology for a stock dividend is similar to that for a cash dividend). There are 28,000 shares of stock outstanding. Cash $ 116,000 Debt $ 237,600 Fixed assets 900,000 Equity 778,400 Total $ 1,016,000 Total $ 1,016,000 What will the ex-dividend price be?
The market value balance sheet for Murray Manufacturing is shown here. The company has declared a 20 percent stock dividend. The stock goes ex dividend tomorrow (the chronology for a stock dividend is similar to that for a cash dividend). Market Value Balance Sheet Cash $ 92,000 Debt $ 151,000 Fixed assets 760,000 Equity 701,000 Total $ 852,000 Total $ 852,000 a. There are 27,000 shares of stock outstanding. What is the current share price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What will the ex-dividend price be? (Do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.)
The market value balance sheet for Briggs Manufacturing is shown here. The company has declared a 20 percent stock dividend. The stock goes ex dividend tomorrow (the chronology for a stock dividend is similar to that for a cash dividend). There are 28,000 shares of stock outstanding. Market Value Balance Sheet Cash $ 181,000 Debt $ 353,800 Fixed assets 1,080,000 Equity 907,200 Total $ 1,261,000 Total $ 1,261,000 What will the ex-dividend price be?
The market value balance sheet for Bobaflex Manufacturing is shown here. The company has declared a 20 percent stock dividend. The stock goes ex dividend tomorrow (the chronology for a stock dividend is similar to that for a cash dividend). Market Value Balance Sheet Cash $ 98,000 Debt $ 157,000 Fixed assets 820,000 Equity 761,000 Total $ 918,000 Total $ 918,000 There are 33,000 shares of stock outstanding. What is the current share price? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.) Current stock price $ What will the ex-dividend price be? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.) Ex-dividend price $
The market value balance sheet for Murray Manufacturing is shown here. The company has declared a 20 percent stock dividend. The stock goes ex dividend tomorrow (the chronology for a stock dividend is similar to that for a cash dividend). There are 21,000 shares of stock outstanding. Cash Fixed assets Total Market Value Balance Sheet $ 142,000. Debt 780,000 Equity $ 922,000 Ex dividend price Total $ 222,700 699,300 $922,000 What will the ex-dividend price be? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.
The stock of Payout Corp. will go ex-dividend tomorrow. The dividend will be $.50 per share, and there are 20,000 shares of stock outstanding. The market-value balance sheet for Payout is shown in the following table. Assets Liabilities & Equity Cash$100,000 Fixed assets900,000 Equity$1,000,000 Total $1,000,000 Total$1,000,000 Required:(a.) What price is Payout stock selling for today?(b.) What price will it sell for tomorrow? Ignore taxes.(c.) Suppose that instead of paying a dividend, Payout Corp. announces that it will repurchase stock with a market value of $10,000. What happens to the stock price when the repurchase proposal is announced?(d.) Suppose that the stock is repurchased immediately after the announcement. What would be the stock price after the repurchase?
The following information taken from Company XYZ: Balance sheet (Current) Common Stock (Par value @$2) $8,000,000 Paid in capital $30,000,000 RE $50,000,000 Total $88,000,000 Show the effect on Balance sheet (Equity section) after the following takes place: i. cash dividend = $4.20 per share, expected net income is $32 million ii. stock dividend: 20% stock dividend, current market price is $8 iii. stock split: five for two stock split Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.

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