Auction. com earned $420 million last year and had a 35 percent payout ratio. How much did

Question:

Auction. com earned $420 million last year and had a 35 percent payout ratio. How much did the firm add to its retained earnings?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Foundations of Financial Management

ISBN: 978-1259024979

10th Canadian edition

Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta

See More Books

Question Posted: Sep 15, 2018 10:56 AM

See More Questions

The Raattama Corporation had sales of $3.5 million last year, and it earned a 5 percent return, after taxes, on sales. Recently, the company has fallen behind in its accounts payable. Although its...
Skane Shipping Ltd. (SSL) operates a fleet of container ships in international trade between Sweden and Singapore. All of the shipping income (that is, that related to SSLs ships) is deemed to be...
Automated Dynamics had sales of $6.5 million last year, and it earned a 4% return, after taxes, on sales. Recently, the company has fallen behind in its accounts payable. Although its terms of...
Holly funded the Holly Marx Trust in January 2020. The entire trust income is payable to her adult son Jack for 20 years. At the end of the twentieth year, the trust assets are to pass to Hollys...
Briefly explain whether you agree with this statement: "Real GDP in 2014 was $16.1 trillion. This value is a large number. Therefore, economic growth must have been high during 2014."
What is a capital expenditure decision? Give three examples of capital expenditure op- portunities. lop5
AIDS trials in Africa. One of the most important goals of AIDS research is to find a vaccine that will protect against HIV. Because AIDS is so common in parts of Africa, that is the easiest place to...
A partially completed charge sales systems flowchart is shown in Figure 2.37. The flowchart depicts the charge sales activities of the Bottom Manufacturing Corporation. A customers purchase order is...
Innova uses 1,100 units of the component IMC2 every month to manufacture one of its products. The unit costs incurred to manufacture the component are as follows. Direct materials Direct labor...
1 Chapter 4: Applying Excel Enter a formula into each of the cells marked with a ? below Review Problem: Activity-Based Costing 6 Data Deluxe 2,000 $25 7. 8 Annual sales in units 9 Direct materials...
Describe the importance of shareholder tax rates in setting dividend policy.
Sewell Enterprises earned $160 million last year and retained $100 million. What is the payout ratio?
If the heat capacity of a substance is correctly represented by an equation of the form, C P =A+BT+CT 2 show that the error resulting when C P H is assumed equal to C P evaluated at the arithmetic...
2. Getting ready for Logarithms and Calculus! a. Fill in the chart and graph the function (I advise practicing on your scientific calculator and desmos. X f(x) = Inx 0 0.5 1 e 10...
JoJo Co. had the following balances and information for October. Beg. finished goods inventory = $30 Beg. work in process inventory = $5 Beg. raw materials inventory = $15 End. finished goods...
Subway sales have been declining since 2014. In the US, Subway has closed a number of stores due to over-expansion, outdated operations, and uninspiring menus. In Canada, Subway took a different...
Harvey Auto Parts purchased a new crane on September 1 for $35,000, paying $10,000 cash and signing a 7%, 12-month note for the remaining balance, interest to be paid at maturity. The crane is...
e4(k+1) Find the sum of the series. k = 1 8
Explain why the following five statements ask for the same information. a. Find the roots of (x) = x 3 - 3x - 1. b. Find the x-coordinates of the points where the curve y = x 3 crosses the line y =...
Discuss whether responsible human resources management should apply different standards for the home company and suppliers, for developed countries and developing countries, and for large companies...
Nowlin Pipe & Steel has projected sales of 84,000 pipes this year, an ordering cost of $3 per order, and carrying costs of $1.40 per pipe. a. What is the economic ordering quantity? b. How many...
Mervyns Fine Fashions has an average collection period of 30days. The accounts receivable balance is $78,000. What is the value of its credit sales?
Darlas Cosmetics has annual credit sales of $1,440,000 and an average collection period of 45 days in 2018. Assume a 360-day year. What is the companys average accounts receivable balance? Accounts...
3. The nominal interest rate compounded monthly when your $7,000 becomes $11,700 in eight years is ________
An investor can design a risky portfolio based on two stocks, A and B. Stock A has an expected return of 21% and a standard deviation of return of 39%. Stock B has an expected return of 14% and a...
Advanced Small Business Certifica Drag and Drop the highlighted items into the correct boxes depending on whether they increase or decrease Alex's stock basis. Note your answers- you'll need them for...

Auction. com earned $420 million last year and had a 35 percent payout ratio. How much did

Question:

Step by Step Answer:

Addition to retained earnings earnings dividends 420 mil...View the full answer

Foundations of Financial Management

Students also viewed these Business questions