Florida Corporation has only one class of stock. There are 200,000 shares outstanding. During 20X1, the corporations
Question:
Florida Corporation has only one class of stock. There are 200,000 shares outstanding. During 20X1, the corporation’s net income after taxes was $800,000. The policy of the corporation is to declare dividends equal to 20 percent of its net income. Black owns 500 shares of the stock. How much will Black receive as a dividend on these shares?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (8 reviews)
800000 02 160000 total ...View the full answer
Answered By
Akshay Singla
as a qualified engineering expert i am able to offer you my extensive knowledge with real solutions in regards to planning and practices in this field. i am able to assist you from the beginning of your projects, quizzes, exams, reports, etc. i provide detailed and accurate solutions.
i have solved many difficult problems and their results are extremely good and satisfactory.
i am an expert who can provide assistance in task of all topics from basic level to advance research level. i am working as a part time lecturer at university level in renowned institute. i usually design the coursework in my specified topics. i have an experience of more than 5 years in research.
i have been awarded with the state awards in doing research in the fields of science and technology.
recently i have built the prototype of a plane which is carefully made after analyzing all the laws and principles involved in flying and its function.
1. bachelor of technology in mechanical engineering from indian institute of technology (iit)
2. award of excellence in completing course in autocad, engineering drawing, report writing, etc
4.70+
48+ Reviews
56+ Question Solved
Related Book For
College Accounting Chapters 1-30
ISBN: 9781260247909
16th Edition
Authors: David Haddock, John Price, Michael Farina
Question Posted:
Students also viewed these Business questions
-
During 2012, Carl Corporation reported net income after taxes of $1,080,000. During the year, the number of shares of stock outstanding remained constant at 20,000 shares of $100 par 8percent...
-
During 2015, Packer Corporation reported net income after taxes of $1,200,000. During the year, the number of shares of stock outstanding remained constant at 20,000 shares of $100 par 8 percent...
-
During 2019, Roper Corporation reported net income after taxes of $1,200,000. During the year, the number of shares of stock outstanding remained constant at 20,000 shares of $100 par, 8 percent...
-
Given the following points: 2,4,10,12,3,20,30,11,25. Assume k = 3, and that we randomly pick the initial means 1=2, 2=4 and 3=6. Show the clusters obtained using K-means algorithm after one...
-
Past experience is that when individuals are approached with a request to fill out and return a particular questionnaire in a provided stamped and addressed envelope, the response rate is 40%. An...
-
Billings Corporation began its business on January 1, 201X. It sold at $28 per share 6,500 shares of no-par common stock with a stated value of $21 per share. The charter of Billings indicated 37,000...
-
List three ways to get input from the console and convert that input to the desired data type.
-
Rural County is an agricultural community located hundreds of miles from any metropolitan center. The County established a television reception improvementfund to serve the public interest by...
-
x-5 and justify your answer. Respond in the space 3x-1 f(x)= Determine the range of provided below.
-
The following table gives monthly data for four years in million tons of consumption of ice cream in a country. Plot the series and comment on the visible seasonality and trend. Estimate the centered...
-
Red Hot Company issued and has outstanding 100,000 shares of $10 par-value common stock and 5,000 shares of $50 par-value 6 percent preferred stock. The board of directors votes to distribute $10,000...
-
The accounting system of Great Harvest Healthy Foods includes the journals listed below. Indicate the specific journal in which each of the transactions listed below would be recorded. Journal Cash...
-
Examine the Internet web pages of some companies that develop software project management tools. Determine if these tools allow a user to estimate the amount of effort and resources needed to...
-
For the following setup: What will be the time (in minutes) required to fill a 1 m container using the system if the level of the tank is constant? 4 m Ac = 2.3 m SG = 1 D 155 m 1x10- Pa.s 9.2x10-6...
-
Handy Appliances Ltd. (HANDY) is a Canadian controlled private corporation which imports and sells kitchen appliances. The following is the trial balance of HANDY for the year ended December 31,...
-
True Corporations Domestic Division produces wedge cutting machines, which use a component called stuff. They are considering an offer to outsource the production of stuff to jason Company who has...
-
To what extent can social conflict theory be utilized to analyze bullying phenomena, and what are the underlying connections, if any, between the principles of social conflict theory and the dynamics...
-
VSCC HIM department has 10,000 medical record files. Each week we need to file 3,550 records. One FTE can file 100 records per Day working a 5 day workweek. How many FTEs do we need to complete this...
-
A 255-GB disk has 65,536 cylinders with 255 sectors per track and 512 bytes per sector. How many platters and heads does this disk have? Assuming an average cylinder seek time of 11 ms, average...
-
San Carlos Bank and Trust Company uses a credit-scoring system to evaluate most consumer loans that amount to more than $2,500. The key factors used in its scoring system are found at the conclusion...
-
On August 31, 2016, the balance in the checkbook and the Cash account of the Sonoma Inn was $12,281. The balance shown on the bank statement on the same date was $13,197. Notes a. The firms records...
-
During the bank reconciliation process at A. Fontes Consultancy on May 2, 2016, the following two errors were discovered in the firm's records. a. The checkbook and the general journal indicated that...
-
On August 1, 2016, the accountant for Western Imports downloaded the company's July 31, 2016, bank statement from the bank's website. The balance shown on the bank statement was $28,760. The July 31,...
-
In this assignment, you will answer to sets of questions. Each question is worth 2 points each. Always use complete, college level sentences. Run a spell check before submitting. Save your document...
-
The bank reconciliation as of December 31, 2021, includes the following facts. Cash balance per bank Cash balance per books Outstanding checks Deposit in transit Interest earned (on bank account)...
-
Last year Humblebee Enterprises had $211 million of Fixed Assets, and it had $544 million of Sales that were used at 35% of capacity last year. In millions, by how much could Humblebee's sales...
Study smarter with the SolutionInn App