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Here are the abbreviated financial statements for Planners Peanuts: Income Statement, 2015 Sales $3,120 Costs 1,590 Net income $ 1,530 Balance Sheet, Year-End 2014 2015
Here are the abbreviated financial statements for Planners Peanuts: |
Income Statement, 2015 | ||
Sales | $3,120 | |
Costs | 1,590 | |
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Net income | $ 1,530 | |
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Balance Sheet, Year-End | ||||||
2014 | 2015 | 2014 | 2015 | |||
Assets | $3,830 | $4,180 | Debt | $1,580 | $1,160 | |
Equity | 2,250 | 3,020 | ||||
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Total | $3,830 | $4,180 | Total | $3,830 | $4,180 | |
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If sales increase by 23% in 2016, and the company uses a percentage-of-sales planning model (meaning that all items on the income and balance sheet also increase by 23%). The balancing item, in this case, will be dividends. | |
What will be the value of the dividends? |
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