Question: PLEASE HELP! WILL GIVE THUMBS UP! Bonita Corporation had net income of $320000 and paid dividends to common stockholders of $22720 in 2021. The weighted

PLEASE HELP! WILL GIVE THUMBS UP!

Bonita Corporation had net income of $320000 and paid dividends to common stockholders of $22720 in 2021. The weighted average number of shares outstanding in 2021 was 32000 shares. Bonita Corporation's common stock is selling for $48 per share on the New York Stock Exchange. Bonita Corporation's payout ratio for 2021 is

$10.0 per share.

23.8%.

7.1%.

5.1%.

Marigold Corp. reported the following year-end information: beginning work in process inventory, $71000; cost of goods manufactured, $660000; beginning finished goods inventory, $41000; ending work in process inventory, $61000; and ending finished goods inventory, $31000. How much is Marigolds cost of goods sold for the year?

$680000

$670000

$650000

$660000

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

PLEASE HELP! WILL GIVE THUMBS UP! Bonita Corporation had net income of $320000 and paid dividends to common stockholders of $22720 in 2021. The weighted average number of shares outstanding in 2021...

Here are comparative financial statement data for Cullumber Company and Blossom Company, two competitors. All data are as of December 31, 2022, and December 31, 2021. Cullumber Company Blossom...

1. The following amounts were taken from the financial statements of Plant Company: 2012 Total assets $1,000,000, Net asles $650,000,Gross profit 320,000, Net Income 117,000, Weighted average number...

CALCULATOR FULL SCREEN PRINTER VE 16 Exercise 14-15 The following financial Information is available for Cultumber Corporation 2020 2019 Average common stockholders' equity $1,140,000 $870,000...

Bonita Corporation had net income of $490000 and paid dividends to common stockholders of $43610 in 2019. The weighted average number of shares outstanding in 2019 was 59000 shares. Bonita...

Bonita Corporation had net income of $1,950,000 and paid dividends to common stockholders of $323,700 in 2017. The weighted average number of shares outstanding in 2017 was 500,000 shares. Bonita...

Current Attempt in Progress Bonita Corporation had net income of $ 2 0 0 0 0 0 and paid dividends to common stockholders of $ 2 8 0 0 0 in 2 0 2 0 . The weighted average number of shares outstanding...

Bonita Corporation had net income of 51930000 and paid dividends to common stockholders of $295000 in 2020. The weighted average number of shares outstanding in 2020 was 482500 shares. Bonita...

1. Star Corporation had net income of $320,000 and paid dividends to common stockholders of $80,000 in 2012. The weighted average number of shares outstanding in 2012 was 50,000 shares. Star...

CALCULATOR PRINTER VERSION Exercise 14-15 The following financial information is available for Carla Vista Corporation 2020 2019 Average common stockholders' equity $1,200,000 $878,000 Dividends paid...

An automobile having a mass of 1.250 kg is traveling at 40 m s-1. What is its kinetic energy in kJ? HUM much work must be done to bring it to a slop?

given support B sinks by 0.03 m and values of E and I are 200 GP and 0.2*10^-3. Determine the support by using slope deflection metho.

10. Describe and differentiate between a bonds (a) current yield and (b) yield to maturity. Why are these yield measures important to the bond investor? Find the yield to maturity of a 20-year, 9...

A hula hoop and solid disc of equal radii are rolled, from rest and without slipping, down an incline plane. Which one will reach the bottom of the inclined plane first? Explain.

Drug testing A baseball team regularly conducts random drug tests on its players. The 25 members of the team are listed below. Agarwal Chen Healy Moser Roberts Andrews Frank Hixson Musselman Shen...

Polling the faculty A researcher wants to study the attitudes of college faculty members about the work habits of entering freshmen. These attitudes appear to differ depending on the type of college....

Dont catch a cold! A recent study of 1000 students at the University of Michigan investigated how to prevent catching the common cold. The students were randomly assigned to three different cold...