(Cash dividend and taxes) The Barryman Drilling Company was initially planning on repurchasing $1 comma 000 comma 000 worth of the company's 500 comma 000 shares of stock, which is currently trading at a price of $10.00 per share. Stan Barryman is the founder of the company and still holds 10 comma 000 shares of company stock that he originally purchased for $8.00 per share. After consideration, the company is reconsidering its plan to repurchase its common stock and instead plans to pay the $ 1 comma 000 comma 000 as a cash dividend, which amounts to $2.00 per share of common stock. If dividends are taxed at 15 percent, what tax liability does this create for Stan Barryman? What will be Stan's after-tax proceeds from the dividend distribution?
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Business, 21.06.2019 22:20
Outstanding stock consists of 8,300 shares of cumulative 7% preferred stock with a $10 par value and 4,300 shares of common stock with a $1 par value. during the first three years of operation, the corporation declared and paid the following total cash dividends. year dividend declared 2016 $ 0 2017 $ 7,300 2018 $ 45,000 the amount of dividends paid to preferred and common shareholders in 2018 is:
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Business, 21.06.2019 23:30
Which term refers to the cost that motivates an economic decision
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Business, 22.06.2019 04:10
You are head of the schwartz family endowment for the arts. you have decided to fund an arts school in the san francisco bay area in perpetuity. every 5 years, you will give the school $ 1 comma 000 comma 000. the first payment will occur 5 years from today. if the interest rate is 5.9 % per year, what is the present value of your gift?
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Business, 22.06.2019 10:00
In a small group, members have taken on the task roles of information giver, critic/analyzer, and recorder, and the maintenance roles of gatekeeper and follower. they need to fulfill one more role. which of the following would be most effective for their group dynamics? a dominator b coordinator c opinion seeker d harmonizer
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(Cash dividend and taxes) The Barryman Drilling Company was initially planning on repurchasing $1 co...
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