Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 24, 2024

A firm has a sales of $1.2 million, a profit margin of 5%, and a dividend payout ratio of 25%. How much will be added

A firm has a sales of $1.2 million, a profit margin of 5%, and a dividend payout ratio of 25%. How much will be added to retained earning next year if sales increase by 6%? (SHOW ALL WORK)

A. $21,600 B. $42,000 C. $15,900 D. $47,700

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Personal Financial Planning

Authors: Lawrence J. Gitman, Michael D. Joehnk, Randy Billingsley

12th Edition

1439044473, 978-1439044476

More Books

Students also viewed these Finance questions

Question

★★★★★

Refer to the information for Rostand Inc. above. Rostand Inc. operates a delivery service for over 70 restaurants. The corporation has a fleet of vehicles and has invested in a sophisticated,...

Answered: 1 week ago

Question

★★★★★

All cigarettes presently on the market have an average nicotine content of at least 1.6 mg per cigarette. A firm that produces cigarettes claims that it has discovered a new way to cure tobacco...

Answered: 1 week ago

Question

★★★★★

why you want to attend graduate school in general;

Answered: 1 week ago

Question

★★★★★

The Palaima City government provides postemployment health care benets to retirees. Plan members contribute between $65 and $90 per month depending on age and marital status. The government...

Answered: 1 week ago

Question

★★★★★

Tank filter ( e . g . , Nutsche filter ) is A high pressure filter A continuous filter Used for small scale filtration work A leaf filter

Answered: 1 week ago

Question

★★★★★

Case 4 - 2 0 ( Algo ) Ethics and the Manager, Understanding the Impact of Percentage Completion on Profit - Weighted - Average Method [ L 0 4 - 2 , L 0 4 - 3 , LO 4 - 4 ] Gary Stevens and Mary James...

Answered: 1 week ago

Question

★★★★★

ToFrom Trucking serves two segments of customers. One segment (A) is willing to pay $3.50 per cubic foot but wants to commit to a shipment with only 24 hours' notice. The other segment (B) is willing...

Answered: 1 week ago

Question

★★★★★

(a) Let Z be a standard normal. Find Pr(-1.96 3). (c) Let X be a t-distribution with df=10. Estimate Pr(-2.2 X*)=.05? (e) Let X be a F10,00 distribution. What value X* solves Pr(X>X*)=.05?

Answered: 1 week ago

Question

★★★★★

Time: 75 minutes Problem 1 (2 points) Calculate I = fc(1+ y)dl, where C is the under half of the circle 2+ y = 4.

Answered: 1 week ago

Question

★★★★★

Build a LP model for the following scenario, but don't solve the LP model that you made. A company manufactures two products whose unit profits are $17 and $15, respectively. The company has budgeted...

Answered: 1 week ago

Question

★★★★★

What is the intercept for the regression equation to forecast demand, in the worksheet: Food Truck Demand?

Answered: 1 week ago

Question

★★★★★

Using each of the models discussed in this chapter, describe communication in your class. What does each model highlight and obscure? Which model best describes and explains communication in your...

Answered: 1 week ago

Question

★★★★★

What responsibilities do you have to Toya, to your supervisor, and to the company? How can you reflect thoughtfully about potential tensions between these responsibilities?

Answered: 1 week ago

Question

★★★★★

How would your communication differ if you acted according to a linear model of communication, as opposed to a transactional one?

Answered: 1 week ago

Previous Question Next Question