Hollie Company has stockholders' equity of $400,000 and net income of $72,000. It has a payout ratio
Question:
Hollie Company has stockholders' equity of $400,000 and net income of $72,000. It has a payout ratio of 18% and a return on assets of 20%. How much did Hollie pay in cash dividends, and what were its average total assets?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 42% (7 reviews)
Average total assets Net income Return on assets Payout ratio Cash ...View the full answer
Answered By
Patrick Busaka
I am a result oriented and motivated person with passion for challenges because they provide me an opportunity to grow professionally.
5.00+
38+ Reviews
58+ Question Solved
Related Book For
Accounting Tools for Business Decision Making
ISBN: 978-1118096895
6th edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
Question Posted:
Students also viewed these Cost Accounting questions
-
Voorhees Company has stockholders equity of $400,000 and net income of $72,000. It has a payout ratio of 18% and a return on assets of 20%. How much did Voor hees pay in cash dividends, and what were...
-
Schiller Company has stockholders equity of $400,000 and net income of $72,000. It has a payout ratio of 18% and a return on assets ratio of 20%. How much did Schiller pay in cash dividends, and what...
-
McCormick Company has stockholders equity of $400,000 and net income of $72,000. It has a payout ratio of 25% and a return on assets ratio of 16%. How much did McCormick pay in cash dividends, and...
-
The JoFe Computers and Accessory Company produces two types of laptop computer bags. Version A costs $32, takes 4 hours of labor, and sells for $50. Version B costs $38, takes 6 hours of labor, and...
-
All-A-Buzz makes three products from a joint production process using honey. Joint cost for the process in 2010 is $123,200. Each container of honey butter, jam, and syrup, respectively, contains 16...
-
Using real-world examples, discuss the consequences of an appreciation of a country's currency on the current account balance, inflation and economic growth.
-
The following are types of assurance services with the exception of: (a) Legal counsel engagement (b) Facilitation engagement (c) Advice engagement (d) System security engagement
-
Gift Shop UBIT. A local exempt organization that trains at-risk youth for employment has an annual operating budget of $300,000, which includes revenue from operating a gift shop in a nearby hotel...
-
(Related to Checkpoint 13.3) (Scenario analysis) Family Security is considering introducing tiny GPS trackers that can be inserted in the sole of a child's shoe, which would then allow for the...
-
For each of the following, review the data in the images below and identify the (1) delimiter and (2) the qualifier (if applicable). Is an asset ID a good data field to use as a unique identifier in...
-
(a) Gina Jaimes believes that the analysis of financial statements is directed at two characteristics of a company: liquidity and profitability. Is Gina correct? Explain. (b) Are short-term...
-
On January 1, 2017, Bryce Inc. changed from the LIFO method of inventory pricing to the FIFO method. Explain how this change in accounting principle should be treated in the company's financial...
-
Susan made the following purchases of ordinary shares in Semicycle plc: In January 2021, the company went into liquidation and Susan received a first distribution of 2 per share. The market value of...
-
In managing data movement, Ahmad is responsible for deciding the method that will be used to save data. As an experienced database administrator, how can you help Ahmad to analyze the benefits of...
-
One of the important elements of database is databse security. There are different mechanisms that can be used to ensure database security. Discuss the different security mechanisms that you can use....
-
Service People with Disabilities(SPD) is a local charity set up to help people with disabilities to maximize their potential and integrate them into mainstream society. To achieve this mission, it...
-
How Do Database Systems evolve? 1960s,? 1970s? 1980s, 1990s, 2000s and beyond, Objectives and Focuses. What are the various database applications? Personal? Two Tier Client/Server? Multitier...
-
allocation The Alex Miller Corporation operates one central plant that has two divisions, the Flashlight Division and the Lamp Division. The following data apply to the coming budget year: Budgeted...
-
Golden Arbours intends to start business on the first day of January. Production plans for its first four months of operations are as follows. Each unit requires 2 kilograms of material. The firm...
-
CLASS PERIO Solving Linear Equations: Variable on Both Sides Solve each equation. 1) 6r+ 7 = 13 + 7r 3) -7x-3x+2=-8x-8 5)-14 +66+7-26=1+5b 7) n-3n = 14-4n 2) 13-4x=1-x 4)-8-x= x - 4x 6)n+2=-14-n 8)...
-
The general ledger of Val d'Or Corporation contains the following selected accounts and information: 1. Cash 2. Common shares 3. Other comprehensive income-Revaluation gain from revaluing property,...
-
The following accounts appear in the ledger of Ozabal Inc. aft er the books are closed at December 31, 2015: Accumulated other comprehensive loss...
-
The following shareholders' equity accounts are reported by Talty Inc. on January 1, 2015: Preferred shares ($6 cumulative, 6,000 issued) .....................$ 600,000 Common shares (500,000 issued)...
-
The prices by which the government buys food grain for the maintenance of the public distribution system and to build a buffer stock are known as , A . Minimum Support Price B . Procurement Price C ....
-
GlobalTech Enterprises uses a periodic inventory system. It entered into the following purchases and sales transactions for October. Date Activities Units Acquired at Cost Units Sold at Retail Oct. 1...
-
The investigation of materials price variance usually begins in the A) purchasing department. OB) first production department. C) controller's office. D) accounts payable department
Study smarter with the SolutionInn App