Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Calculate the dividends payment given the following information: Sales = $ 1 0 0 , 0 0 0 Cost of goods sold = 6 0

Calculate the dividends payment given the following information:
Sales =$100,000
Cost of goods sold =60% of sales revenues
Interest expense =$7,500
Tax rate =35%
Depreciation =3,000
Dividend payout ratio =30%
Select one:
a. $5,752.50
b. $13,423.50
C. $19,175
]. $29,500
e. $37,000
image text in transcribed

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

Step: 3

blur-text-image

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

Financial Times Guide To Finance For Non Financial Managers

Authors: Jo Haigh

1st Edition

0273756206, 978-0273756200

More Books

Students also viewed these Finance questions