BUSN

posted by .

3. For this question, use the information for Sports Baseballs, Inc. Sports Baseballs, Inc. is a corporation that manufacturers and sells baseballs across several states in the Southeast. It had sales of $2.7 million during the last year. Expenses were as follows:
Cost of goods sold............................... $1.2 million
Administrative expenses........................ $250,000
Marketing and selling expenses............... $175,000
Depreciation........................................ $500,000
Interest expense.................................. $200,000
Dividends paid..................................... $150,000
(TCO 1) Suppose that Sports Baseball has 30,000 shares of stock. What is the dividends per share figure?

(Points : 3)
5.0
8.75
5.25
8.50

I CUM UP WITH 5.25...PLEASE HELP

  • BUSN -

    Total dividends/Total shares outstanding

    150,000/30,000
    =5.0

  • BUSN -

    4. For this question, use the information for Sports Baseballs, Inc. Sports Baseballs, Inc. is a corporation that manufacturers and sells baseballs across several states in the Southeast. It had sales of $2.7 million during the last year. Expenses were as follows:
    Cost of goods sold............................... $1.2 million
    Administrative expenses........................ $250,000
    Marketing and selling expenses............... $175,000
    Depreciation........................................ $500,000
    Interest expense.................................. $200,000
    Dividends paid..................................... $150,000

    (TCO 1) Assuming a tax rate of 30%, the percentage of dividends per net income is approximately ______ and operating cash flow is _________ than net income.
    Hint: You need to calculate the net income and divide dividends by the net income.

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. Math

    A baseball manufacture checked 250 of its baseballs and found that 8 were defective. About how many would be defective out of 4500 baseballs?
  2. math

    please help me !!! ted has 8 autographed baseballs. all together the baseballs are worth $200.00 explain why you do not have enough information to make a bar diagram to find the value of each baseball.
  3. BUSN

    4. For this question, use the information for Sports Baseballs, Inc. Sports Baseballs, Inc. is a corporation that manufacturers and sells baseballs across several states in the Southeast. It had sales of $2.7 million during the last …
  4. business

    For this question, use the information for Sports Baseballs, Inc. Sports Baseballs, Inc. is a corporation that manufacturers and sells baseballs across several states in the Southeast. It had sales of $2.7 million during the last year. …
  5. Math

    A box holds one layer of 45 baseballs. How can the baseballs be arranged?
  6. BUSN

    "Select all items that will be included in Sports Baseballs, Inc. Balance Sheet." ------- Options Cash on hand Fixed assets Net sales Administrative expenses Taxes Long-term debt Dividends paid Marketing expenses Consulting revenues …
  7. math

    ted has 8 autographed baseballs. all together the baseballs are worth $200.00 explain why you do not have enough information to make a bar diagram to find the value of each baseball.
  8. math

    If jeff bought 2 basketballs and 3 baseballs for $10 and herman bought 3 basketballs and 4 baseballs for $15, how much is a basketball. Show all work.
  9. Algebra

    A sports memorabilia store makes $6 profit on each football it sells and $5.50 profit on each baseball it sells. In a typical month, it sells between 35 and 45 footballs and between 40 and 55 baseballs. The store has no more than 80 …
  10. Algebra II

    Bill's Sporting Goods makes baseballs and softballs. In a given week they can manufacture no more than 70 balls. When setting equipment, they have to make at least 20 baseballs and at least 10 softballs. They make 6$ for each softball …

More Similar Questions