What was the amount of cash paid for dividends
Melanie Corporation declared cash dividends of $12,900 during the current year. The beginning and ending balances in dividends payable were $390 and $650, respectively. What was the amount of cash paid for dividends?
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Compute both companies' (1) current cash debt coverage ratio. (2) cash debt coverage ratio, and (3) free cash flow. What do these ratios indicate about the financial condition of the two companies?
Love Theatre Inc. owns and operates movie theaters throughout New Mexico and Utah. Love Theatre has declared the following annual dividends over a six-year period.
Christy is developing the 2012 budget. In 2012 the company would like to increase selling prices by 10%, and as a result expects a decrease in sales volume of 5%.
On May 1, 2012, Chance Corp. issued $427,800, 9%, 5-year bonds at face value. The bonds were dated May 1, 2012, and pay interest semiannually on May 1 and November 1. Financial statements are prepared annually on December 31.
Weight watchers take a poll of 250 members and finds that 95 of them include exercise with their diet program while the rest do not. Find a 99% confidence interval for the proportion of all members that do exercise.
On November 1, Year 1, Noble Co borrowed $80,000 from South Bank and signed a 12% six month note payable, all due at maturity. The interest on this loan is stated separately.
Creble Company reported net income for 2013 in the amount of $43,000. The company's financial statements also included the following.
Direct labor standards at Cepeda Manufacturing Corporation allow 5 direct labor hours for every unit produced. The standard direct labor rate is $12.00 per hour.
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