FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

BrambleCorporation had net income of $323000and paid dividends to common stockholders of $29070in 2017. The weighted average number of shares outstanding in 2017 was33500shares.BrambleCorporation's common

BrambleCorporation had net income of $323000and paid dividends to common stockholders of $29070in 2017. The weighted average number of shares outstanding in 2017 was33500shares.BrambleCorporation's common stock is selling for $52per share on the New York Stock Exchange.BrambleCorporation's payout ratio for 2017 is

$9.6per share.

22.0%.

9.0%.

5.7%.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image_2

Step: 3

blur-text-image_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

Managerial Accounting

Managerial Accounting

Authors: Karen W. Braun, Wendy M. Tietz

5th edition

134128524, 978-0134128528

More Books

Students also viewed these Accounting questions

Question

★★★★★
hen only two treatments are involved, ANOVA and the Students t test (Chapter) result in the same conclusions. Also, t2 = F. As an example, 14 randomly selected Introduction to History students were...

Answered: 1 week ago

Question

★★★★★
14. aggregation Return to problem 13 above. Both tasks are again present, but now only total output is observable. This implies low output from task one and high output from task two cannot be...

Answered: 1 week ago

Question

★★★★★
Potential customers arrive to a single-server hair salon according to a Poisson process with rate . A potential customer who finds the server free enters the system; a potential customer who finds...

Answered: 1 week ago

Question

★★★★★
Specialized Bicycle Components, Inc. (SBC) caters to the experienced cyclist. In this video, SBC's brand manager explains the company's segmentation and pricing strategy. 1. Review the tactical...

Answered: 1 week ago

Question

★★★★★
On January 1, 2020, a foundation made a pledge to pay $43,000 per year at the end of each of the next five years to the Cancer Research Center, a nonprofit voluntary health and welfare organization,...

Answered: 1 week ago

Question

★★★★★
What is the response of expected inflation on interest rate behavior?

Answered: 1 week ago

Question

★★★★★
Jennifer Davis is the bookkeeper for Pharoah Company, Inc. Jennifer has been trying to get the company's balance sheet to balance. She finally got it to balance, but she still isn't sure that it is...

Answered: 1 week ago

Question

★★★★★
Uber took the lead in point-to-point, on-demand transportation, literally changing the way we move. It competes not by building its own fleet but by leveraging peer-to-peer coordination between...

Answered: 1 week ago

Question

★★★★★
These HOT Topics will introduce you to current events in the industry. This is your chance to brainstorm ideas with your classmates and discuss things that are happening right now! Look at this...

Answered: 1 week ago

Question

★★★★★
What is the first step in defining requirements for an application? determining what the application must have and do creating a superclass for all of the objects in the application choosing which...

Answered: 1 week ago

Question

★★★★★
Research a prominent current or historical organizational leader from your country and develop a 2-to-4 page APA-formatted paper discussing the following: Brief biography on the leader you selected...

Answered: 1 week ago

Question

★★★★★
Nominal Interest Ra MD' MD Quantity of Money ($) In this graph, the demand for money shifted from MD to MD'. Which of the following could have caused this shift? O A decrease in aggregate demand in...

Answered: 1 week ago

Question

★★★★★
6. Think of something that you believe in, without the slightest doubt attached to it. How do you imagine this? Is it verbal, in rumours, in metaphors or the like? The answer says something about how...

Answered: 1 week ago

Question

★★★★★
Do not move closer than an arms distance. (This distance literally applies to Northern Europe. In Southern Europe this distance is slightly smaller.) If you get closer than this distance, you seem...

Answered: 1 week ago

Question

★★★★★
2. Now list, after going through a-c, three things that you want to be the impres-sion you want others to be left with after meeting you, and that you want to be lasting over time. List four points...

Answered: 1 week ago

Previous Question Next Question