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

Question

1 Approved Answer

Helmuth Inc's latest net income was $1,250,000, and it had 225,000 shares outstanding. The company wants to pay out 45% of its income. What dividend

Helmuth Inc's latest net income was $1,250,000, and it had 225,000 shares outstanding. The company wants to pay out 45% of its income. What dividend per share should it declare?

a. $2.26
b. $2.38
c. $2.14
d. $2.50
e. $2.63

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 Management For Nonprofit Organizations Policies And Practices

Financial Management For Nonprofit Organizations Policies And Practices

Authors: Jo Ann Hankin, John Zietlow, Alan Seidner, Tim O'Brien

3rd Edition

1119382564, 9781119382560

More Books

Students also viewed these Finance questions

Question

★★★★★
Discuss three reasons why the use of fiscal policy to stabilize the economy is more complicated than suggested by the basic Keynesian model.

Answered: 1 week ago

Question

★★★★★
=+2 . a. Based on the projected income statement in (1), would you recommend the implementation of the proposed changes?

Answered: 1 week ago

Question

★★★★★
Imagine you are discussing a recent failed project with a local company. What regulation obstacles would you suggest could have contributed to this failure?

Answered: 1 week ago

Question

★★★★★
Western, Corp., produces two products, cigars and chewing tobacco, from a joint process involving the processing of tobacco leaves. Joint costs are $60,000 for this process, and yield 2,000 pounds of...

Answered: 1 week ago

Question

★★★★★
Presented below is the balance sheet of Pronghoen Corporation for the current year, 2025 . The following information is presented. 1. The current assets section includes cash $154,870, accounts...

Answered: 1 week ago

Question

★★★★★
Neon Light Company of Kansas City ships lamps and lighting appliances throughout the country. Ms. Neon has determined that through the establishment of local collection centers around the country,...

Answered: 1 week ago

Question

★★★★★
Small Sliders: The Composable Restaurant Franchise (starting on page 358 of the Piccoli textbook) Please answer the following questions: what you think Smalls Sliders' IT mission should be based upon...

Answered: 1 week ago

Question

★★★★★
How should the HR manager react to the financial manager's insistence that the payroll function report to the finance department? Answers Ask the finance manager to provide industry benchmarks that...

Answered: 1 week ago

Question

★★★★★
Suppose an immaterial relationship exists between Compnay Y , your firm's audit client, and Company X . Which statement best describes a situation in which Compnay X is an affiliate of Company Y

Answered: 1 week ago

Question

★★★★★
While passing the break room, James heard a conversation between various team members regarding after work schedules with kids, weekend plans and a project the group planned to finish by Friday. Many...

Answered: 1 week ago

Question

★★★★★
Reynold's division is migrating to a new collaboration site. To successfully implement the change, he must ensure that his team's files are migrated properly, and that his team is properly trained on...

Answered: 1 week ago

Question

★★★★★
5. Explain how to conduct an appraisal feedback interview.

Answered: 1 week ago

Question

★★★★★
2. Answer the question, Who should do the appraising?

Answered: 1 week ago

Question

★★★★★
3. Which specific training techniques should Jennifer use to train her pressers, her cleaner/spotters, her managers, and her counter people? Why should these training techniques be used?

Answered: 1 week ago

Previous Question Next Question