Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Basic Finance Expert

Problem:

In its most recent financial statements, ABC Inc. reported $37 of net income and $729 of retained earnings. The previous retained earnings were $813. How much in dividends was paid to shareholders during the year?

Note: Please provide reasons to support your answer.

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M91148088

Have any Question?


Related Questions in Basic Finance

A client plans to send a child to college for 4 years

A client plans to send a child to college for 4 years starting 18 years from now. Having set aside money for the tuition, she decides to plan for room and board also. She estimates these costs at $20,000 per year, payabl ...

Wesimann co issued 13-year bonds a year ago at a coupon

Wesimann Co. issued 13-year bonds a year ago at a coupon rate of 7.3 percent. The bonds make semiannual payments and have a par value of $1,000. If the YTM on these bonds is 5.6 percent, what is the current bond price?

Pk software has 76 percent coupon bonds on the market with

PK Software has 7.6 percent coupon bonds on the market with 23 years to maturity. The bonds make semiannual payments and currently sell for 108.25 percent of par. What is the current yield on PK's bonds?  (Do not round i ...

Your company has an opportunity to invest in a project that

Your company has an opportunity to invest in a project that is expected to result in after-tax cash flows of $16,000 the first year, $18,000 the second year, $21,000 the third year, $24,000 the fourth year, $28,000 the f ...

Question - what is weighted average cost of capital how is

Question - What is weighted average cost of capital, how is it used, and when is it not appropriate to use? A substantial initial response consisting of a minimum of 100 words, using proper grammar, spelling, and punctua ...

What do you think is the most important factor in

What do you think is the most important factor in developing a successful agile transformation? Why? What do you think are three most critical factors in a change management initiative? Why?

A 36-year maturity bond with par value 1000 makes

A 36-year maturity bond with par value $1,000 makes semiannual coupon payments at a coupon rate of 14%. What is the  EQUIVALENT  annual yield to maturity of the bond if the bond sells for $1,080? A 31-year maturity, 9.5% ...

An executor may value assets as of the date of death or the

An executor may value assets as of the date of death or the alternate valuation date 6 months after death. Assuming the estate is eligible to elect, and the executor elects, the alternate valuation date, which of the fol ...

Shareholder wealth in a firm is represented bya the

"Shareholder wealth" in a firm is represented by: a) The number of people employed in the firm. b) The book value of the firm's assets less the book value of its liabilities. c) The amount of salary paid to its employees ...

Company has been growing at a rate of 10 per year and you

Company has been growing at a rate of 10% per year, and you expect this growth rate in earnings and dividends to continue for another 3 years. If the discount rate is 25% and the steady growth rate after 3 years is 2%, w ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As