Mccaffrey corporation owned 15,000 shares of harper corporation's $5 par value common stock. these shares were purchased in 2015 for $326,000. on may 4, 2017, mccaffrey declared a property dividend of one share of harper for every twenty shares of mccaffrey stock held by a stockholder. on that date, when the market price of harper was $34 per share, there were 280,000 shares of mccaffrey outstanding. what net reduction in retained earnings would result from this property dividend?

Which of the following is not a consideration when determining your asset allocation

You are thinking of making your mansion more energy efficient by replacing some of the light bulbs with compact fluorescent bulbs, and insulating part or all of your exterior walls. each compact fluorescent light bulb costs $4 and saves you an average of $2 per year in energy costs, and each square foot of wall insulation costs $1 and saves you an average of $0.20 per year in energy costs.† your mansion has 150 light fittings and 3000 sq ft of uninsulated exterior wall. to impress your friends, you would like to spend as much as possible, but save no more than $750 per year in energy costs (you are proud of your large utility bills). how many compact fluorescent light bulbs and how many square feet of insulation should you purchase? how much will you save in energy costs per year? (if an answer does not exist, enter dne.)

Ursus, inc., is considering a project that would have a five-year life and would require a $1,650,000 investment in equipment. at the end of five years, the project would terminate and the equipment would have no salvage value. the project would provide net operating income each year as follows (ignore income taxes.):