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

Question

1 Approved Answer

Charleston Industrial revised its dividend policy and decided that it wants to maintain a retained earnings account of $1 million. The company's retained earnings account

image text in transcribed

Charleston Industrial revised its dividend policy and decided that it wants to maintain a retained earnings account of $1 million. The company's retained earnings account at the end of 2011 was $750,000, and it had earnings Available to common stockholders of $800,000 in 2012. What is Charleston Industrial's dividend payout ratio for 2012

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

Entrepreneurial Finance

Entrepreneurial Finance

Authors: M. J. Alhabeeb

1st Edition

1118691512, 978-1118691519

More Books

Students also viewed these Finance questions

Question

★★★★★
Jen and Barrys Ice Milk Company used cash to purchase a new ice milk mixer on January 1, 2011. The new mixer is estimated to have a 20,000-hour service life. Jen and Barrys depreciates equipment on...

Answered: 1 week ago

Question

★★★★★
Complete the following ANOVAtable. Source of Variance SS fMS F Treatment Erro Total 249.61 19 317.80 25

Answered: 1 week ago

Question

★★★★★
Performance of the stock market is measured through a. FX rate fluctuations b. Stock indexes movement c. A high rate of dividend declared by the investee company d. None of the above

Answered: 1 week ago

Question

★★★★★
Now that you have read the chapter on investment fundamentals, what do you recommend to Shavenellyee and Sarena on the subject regarding? 1. Portfolio diversification for Shavenellyee? 2. Dollar-cost...

Answered: 1 week ago

Question

★★★★★
Identity Management and Access Control ( PR . AC ) 1 2 3 points The NIST SP 8 0 0 - 5 3 r 5 ( Security and Privacy Controls for Information Systems and Organizations ) document organizes the long...

Answered: 1 week ago

Question

★★★★★
Retirement planning Personal Finance Problem Hal Thomas, a 35-year-old college graduate, wishes to retire at age 65. To supplement other sources of retirement income, he can deposit $2,300 each year...

Answered: 1 week ago

Question

★★★★★
Q2 The following system works to lift a specific load. It transmits the movement from the worm (A, 600rpm) to the worm gear (B, 90 teeth) and then to the small sprocket (C, 40 teeth) attached to it...

Answered: 1 week ago

Question

★★★★★
Digna Co., a subsidiary of Shell Corpo. Began operations at the beginning of 2014. The functional currency of Digna Co. is the Italian lira; the functional currency and reporting currency of Jill...

Answered: 1 week ago

Question

★★★★★
For many years professional football players have earned on average less than half of what professional baseball players earned. Using economic reasoning, how can this fact be explained?

Answered: 1 week ago

Question

★★★★★
Given the following information, determine the cost of the inventory at June 30 using the LIFO perpetual inventory method. Date Activities Units Acquired at Cost Units Sold at Retail June 1 Beginning...

Answered: 1 week ago

Question

★★★★★
Here is the income statement for Ivanhoe, Inc. Ivanhoe, Inc. Income Statement For the Year Ended December 31, 2025 Net sales $449,500 Cost of goods sold 211,500 Gross profit 238,000 Expenses...

Answered: 1 week ago

Question

★★★★★
Identify the types of informal reports.

Answered: 1 week ago

Question

★★★★★
Write messages that are used for the various stages of collection.

Answered: 1 week ago

Question

★★★★★
Describe the four elements that are encompassed in the indirect plan for persuasive messages.

Answered: 1 week ago

Previous Question Next Question