**Finance homework question. Cannot copy so screen shot pasted below, several small parts. Thanks! Do Homework - Michael Bonincontri - Internet Explorer https://www.mathxl.com/Student/PlayerHomework.aspx?homeworkId=333588459&questionId=1&flushedzfalse&cId=3675779¢erwin=yes Michael Bonincontri

**Finance homework question. Cannot copy so screen shot pasted below, several small parts. Thanks!

Do Homework - Michael Bonincontri - Internet Explorer https://www.mathxl.com/Student/PlayerHomework.aspx?homeworkId=333588459&questionId=1&flushedzfalse&cId=3675779&centerwin=yes Michael Bonincontri 2/23/16 6:21 PM Homework: Assignment 7 Overview 3T 4 5 6 7 (8) 9 10 P14-4 (similar to) Exercise Score: 0 of 10 pts Assignment Score: 0% (0 of 100 pts) 2 of 10 complete Dividend constraints The Howe Company's stockholders' equity account is as follows:The earnings available for common stockholders from this period's operations are $100,000, which have been included as part of the $2.0 million retained earnings a. What is the maximum dividend per share that the firm can pay? (Assume that legal capital includes all paid-in capital.) b. If the firm has $160,000 in cash, what is the largest per-share dividend it can pay without borrowing? Data Table c. Indicate the accounts and changes, if any, that will result if the firm pays the dividends indicated in parts a and b d. Indicate the effects of an $80,000 cash dividend on stockholders' equity. Common stock (500,000 shares at $7 par) Paid-in capital in excess of par Retained earnings $3,500,000 4,000,000 2,000,000 $9,500,000 a. The maximum dividend per share that the firm can is S (Round to the nearest cent.) Total stockholders' equity b. If the firm has $130,000 m cash, the largest per-share dividend it can pay without borrowing is $ ( c. If the firm pays the dividends indicated in part a, cash will decrease by S If the firm pays the dividends indicated in part a, retained earnings will decrease by $ If the firm pays the dividends indicated in part b, cash will decrease by $ If the firm pays the dividends indicated in part b, retained earnings will decrease by $ d. An $80,000 cash dividend will cause retained earnings will decrease by $ Stockholders' equity will decrease by $80,000 to $ (Round to the nearest cent) Print Done (Round to the nearest dollar.) (Round to the nearest dollar.) (Round to the nearest dollar.) (Round to the nearest dollar.) (Round to the nearest dollar.) (Round to the nearest dollar.) Enter your answer in the answer box, then click Check Answer / parts Clear All Check Answer Save 5:21 PM 2/23/2016 Chegg Study | Gui... Do Homework -.. Untitled - Paint Untitled - Paint