F515 problems

Question Statement of Retained Earnings In its most recent financial statements Newhouse Inc. reported $50 million of net income and $810 million of retained earnings. The previous retained earnings were $780 million. How much in dividends was paid to shareholders during the year? Intermediate Problems 7?11 (2-7) Corporate Tax Liability The Talley Corporation had a taxable income of $365000 from operations after all operating costs but before (1) interest charges of $50000 (2) dividends received of $15000 (3) dividends paid of $25000 and (4) income taxes. What are the firm?s income tax liability and its after-tax income? What are the company?s marginal and average tax rates on taxable income? (2-9) Corporate After-Tax Yield The Shrieves Corporation has $10000 that it plans to invest in marketable securities. It is choosing among AT&T bonds which yield 7.5% state of Florida muni bonds which yield 5% (but are not taxable) and AT&T preferred stock with a dividend yield of 6%. Shrieves?s corporate tax rate is 35% and 70% of the dividends received are tax exempt. Find the after-tax rates of return on all three securities.

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