The Barryman Drilling Company is planning an on-market buyback of $1 million worth of the company’s 500000 shares, which are currently trading at a price of $10. Stan Barryman is the founder of the company and still holds 10000 company shares, which he originally purchased for $8 per share (more than 12 months ago).
a) If Stan decides to sell 2000 of his shares for $10 a share, what will be his after-tax proceeds if his personal marginal tax rate is 47%?
b) The Barryman Drilling Company is reconsidering its plan to buy back $1 million of its ordinary shares and instead plans to pay a $1 million fully franked cash dividend, which amounts to $2 per ordinary share. If the company tax rate is 30% and Stan Barryman’s personal marginal tax rate is 47%, what tax liability does this create for him? What will be Stan’s after-tax proceeds from the dividend distribution?
Your grandmother has been putting $2,000 into a savings account on every birthday since your first (that is, when you turned 1). The account pays an interest rate of 5%. ...Apr 25 2020
A Francis radial flow hydroturonner blade widths are rom. The wicket gates between -15° s radial flow hydroturbine is desianed with runner inlet radius r2 = 2.80 m and i...Aug 20 2020
a steel tube,25mm outside diameter and 12mm inside diameter,carries an axial tensile load of 40kN.what will be the stress in the bar? what further increase in load is pos...Apr 07 2020
Managers often complain that the stock market is short-sighted and focused on accounting earnings. In your post, make a case to convince your manager that this view is ei...Sep 14 2020
In the following sentences, selected coordinating conjunctions have been underlined. Choose a or b for each sentence.When coordinating conjunctions connect independent cl...Jul 09 2021
Read the question and given information carefully. Show all necessary steps and reasoning that lead to the answers. You may draw graphs by computer or by hand (very neatl...May 10 2021
choose the correct answer21\ Identify which one of the following changes in supply curve occurs when there is an increase in price of product:A\ Increase in supplyB\ Ext...Apr 01 2021
For the series-parallel inductor circuit shown in figure B4, answer the following questions. d 2rnH 4mH SmH LE 3.5mH Smh3 SmH 2mh Lg 4.5mH Figure B4 i. Determine the indu...May 30 2021
During Burns Company's first year of operations, credit sales totaled $166,000 and collections on credit sales totaled $118,000. Burns estimates that bad debt losses will...Aug 09 2021
Exocrine glands are ________ specialized tissue.a. epithelial b. muscle c. nervousd. connectiveJun 07 2021