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

Question

00
1 Approved Answer

Charles River Ice Boats (CRIB) had $10,000 in Net Income last year. They paid $2,000 in Dividends and reinvested the remaining $8,000 in the company.

Charles River Ice Boats (CRIB) had $10,000 in Net Income last year. They paid $2,000 in Dividends and reinvested the remaining $8,000 in the company.

If CRIB earns a 25% return on its investment, what would the Net Income be this year?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

International Marketing And Export Management

International Marketing And Export Management

Authors: Gerald Albaum , Alexander Josiassen , Edwin Duerr

8th Edition

1292016922, 978-1292016924

Students also viewed these Finance questions

Question

★★★★★
Discuss why it is useful to search a database to identify sequences that are homologous to a newly determined sequence.

Answered: 1 week ago

Question

★★★★★
3. Applying: Using a general concept to solve a particular problem.

Answered: 1 week ago

Question

★★★★★
A shareholders group, in lodging a protest, claimed that the mean tenure for a chief exective office (CEO) was at least nine years. A survey of companies reported in The Wall Street Journal found a...

Answered: 1 week ago

Question

★★★★★
When preparing 20X2 financial statements, you discover that depreciation expense was not recorded in 20X1. Which of the following statements about correction of the error in 20X2 is not true? a. The...

Answered: 1 week ago

Question

★★★★★
Realice un anlisis EPS/EBIT para Disney. Disney

Answered: 1 week ago

Question

★★★★★
Choose a product and discuss its full lifecycle (Steps 1-5). Indicate where it is in the life cycle currently. When do you predict the life cycle will end? Why do you think it will end?

Answered: 1 week ago

Question

★★★★★
A) she been presented with the option to take a lump sum payment of $ 750,000 today or payment in the amount $75,000 over next ten years. Assume 3% interest rate. which preferred option based the...

Answered: 1 week ago

Question

★★★★★
Suppose commercial bank uses an Altman's Z-score model to predict business loan applicants' default probabilities. The Altman's Z-score model is specified as follows: Z = 1.2X + 1.4X2 + 3.3X3 + 0.6X4...

Answered: 1 week ago

Question

★★★★★
Please help answer the following: Consider a non-union organization that you, a friend or family member has worked for in the past or one you're familiar with. Now that you have an understanding of...

Answered: 1 week ago

Question

★★★★★
We know the following data for Albert's fabricating production area: Number of machines = 5 Number of working days in year 340 Processing time per unit = 60 minutes a. What is the annual capacity...

Answered: 1 week ago

Previous Question Next Question