Sierra owns 1,500 shares out of the 10,000 outstanding shares of Comstock Corporation (Comstock). If Comstock declares

Fantastic news! We've Found the answer you've been seeking!

Question:

Sierra owns 1,500 shares out of the 10,000 outstanding shares of Comstock Corporation (Comstock). If Comstock declares a stock dividend of 30 percent, what will be the total stock Sierra has upon receiving her stock dividend?

Related Book For answer-question

Basic Finance An Introduction to Financial Institutions Investments and Management

ISBN: 978-1111820633

10th edition

Authors: Herbert B. Mayo

See More Books

Posted Date: Mar 10, 2024 10:56 PM

See More Questions

CoursHeroTranscribedText: A 5-year loan in the amount of $48,000 is to be repaid in equal annual payments. What is the remaining principal balance after the third payment if the interest rate is 5...
26. With its current leverage, Impi Corporation will have net income next year of 4.5 million. If Impis corporate tax rate is 35% and pay 8% interest on its debt, how much additional debt can Impi...
The treasurer of Kelly Bottling Company (a corporation) currently has $200,000 invested in preferred stock yielding 10 percent. He appreciates the tax advantages of preferred stock and is considering...
1) A survey of 200 public universities indicated that the 25th percentile of the yearly tuition cost of the universities was $4600 and the 75th percentile was $7100. The minimum value was $2000, the...
Suppose that the light falling on the polarizer in Figure 24.20 is partially polarized (average intensity = SP) and partially unpolarized (average intensity = SU). The total incident intensity is SP...
The bookkeeper for Kwan Enterprises asks you to prepare the adjusting entries for the following items at December 31. 1. Interest on note payable of $400 is accrued. 2. Services performed but not...
Chicago Prime Packers Inc. was a US corporation with its principal place of business in Colorado. Northam Food Trading Company was a Canadian corporation with its principal place of business in...
At December 31, 2011, the records of NCIS Corporation provided the following selected and incomplete data: Common stock (par $10; no changes during the year). Shares authorized, 200,000. Shares...
Date Account Title Debit Credit Sept 1 Cash 10,000 Common Stock 10,000 Sept 2 Equipment 5,000 Cash 5,000 Sept 3 Rent Expense 400 Cash 400 Sept 4 Supplies 500 Cash 500 Sept 5 Advertising Expense 250...
In Nairobi City, the movie market is monopolistically competitive. In the long run, the demand for movies at the casino theatre is given as: P-5.00-0.002q where "q" is the number of paid admissions...
Fairlane Company has an ROA of 8 . 6 percent and a payout ratio of 3 3 percent. What is its internal growth rate? Do not round intermediate calculations and enter your answer as a percent rounded to...
Sangarwe will deposit $ 3 0 0 every quarter into an investment annuity earning 4 . 5 % compounded quarterly for seven years. What is the difference in the amount of money that she will have after...
How might the application of cognitive appraisal theory inform motivational interventions aimed at reframing individuals' perceptions of obstacles and setbacks as opportunities for growth and...
An investor purchased a corporate bond for $ 9 1 5 . The bond pays 3 . 7 5 % interest and matures this year. Calculate the current yield on the bond investment at the time of purchase. Determine the...
A family buys a house for $ 3 3 0 , 0 0 0 . They pay 1 5 % down and the rest is amortized with a 3 0 - year mortgage at 6 . 5 % annual interest, compounded monthly. ( a ) What is the nominal amount...
Q. 12 of 40 TC tan 4 cos 0- sin 0 cos 0 + sin 0 cos 0+ sin 0 cos 0 sin 0 cos 0+ sin 0 sin 0 cos 0 sin 0 cos 0 sin 0 + cos 0
For the following arrangements, discuss whether they are 'in substance' lease transactions, and thus fall under the ambit of IAS 17.
A firm wants the use of a machine that costs $100,000. If the firm pur chases the equipment, it will depreciate the equipment at the rate of $20,000 a year for four years, at which time the equipment...
A firm with annual sales of $8,700,000 increases its inventory turnover from 4.5 to 6.0. How much would the company save annually in interest expense if the cost of carrying the inventory is 10...
An individual wishes to borrow $10,000 for a year and is offered the following alternatives: a. A 10 percent loan discounted in advance b. An 11 percent straight loan (i.e., interest paid at...
Wagons and Wheels Ltd is a farm machinery dealership. In recent years, the company has experienced unsatisfactory profit results because of declining sales in the area. At the suggestion of the...
Quick Brekkie Ltd is evaluating three comparable investments. Summary data for the three investments, each of which would be paid for in current dollars, are listed below. Required Rank the three...
Phone Screens and Computer Screens are two divisions operated as investment centres of Siciliano Ltd. Management wants to know which of the two earned the highest return on investment for the year...

Sierra owns 1,500 shares out of the 10,000 outstanding shares of Comstock Corporation (Comstock). If Comstock declares

Question:

Expert Answer:

To calculate the total number of shares Sierra will have after receiving the stock dividend we need ... View the full answer

Basic Finance An Introduction to Financial Institutions Investments and Management

Students also viewed these accounting questions