Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 26, 2024

If a company has a payout ratio of 60% and has earnings per share of $1.60 on 200,000 shares, what is the total dollar amount

If a company has a payout ratio of 60% and has earnings per share of $1.60 on 200,000 shares, what is the total dollar amount that will be paid out in the form of dividends?

Select one:

a. $192,000

b. $97,000

c. $320,000

d. $128,000

e. $156,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

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

Finance For Executives Managing For Value Creation

Authors: Gabriel Hawawini, Claude Viallet

7th Edition

1473778913, 978-1473778917

More Books

Students also viewed these Finance questions

Question

★★★★★

Under what circumstances is it sensible to do without a project launch meeting?

Answered: 1 week ago

Question

★★★★★

Simon and Garfunkel operate separate, but related, businesses in the same town. The two have been debating which of them has the least amount of fixed costs. Simon, because he has always come first,...

Answered: 1 week ago

Question

★★★★★

Let X be a continuous random variable with density f , and Y be another variable related to X by Y = X3. Show that the density function of Y is fY (y) = f ( 3 y ) 3 3 y2 .

Answered: 1 week ago

Question

★★★★★

Bill and Guilda each own 50 percent of the stock of Radiata Corporation, an S corporation. Guildas basis in her stock is $25,000. On July 31, 2014, Bill sells his stock, with a basis of $40,000, to...

Answered: 1 week ago

Question

★★★★★

Down Under Products, Ltd., of Australia has budgeted sales of its popular boomerang for the next four months as follows: Unit Sales April May 72,000 85,000 112,000 91,000 June July The company is now...

Answered: 1 week ago

Question

★★★★★

10. Financial Planning. Your sister has just won $300,000 (tax- free) in the state lottery. She's decided to quit her job and devote herself to writing novels for the next ten years, using her...

Answered: 1 week ago

Question

★★★★★

Explain the different departmentation with its advantages and limitations.

Answered: 1 week ago

Question

★★★★★

Brief the importance of span of control and its concepts.

Answered: 1 week ago

Question

★★★★★

What is meant by decentralisation?

Answered: 1 week ago

Question

★★★★★

3.21 The probability of A is 0.60, the probability of B is 0.40, and the probability of either is 0.76. What is the probability of both A and B?

Answered: 1 week ago

Question

★★★★★

3.19 The probability of A is 0.60, the probability of B is 0.45, and the probability of either is 0.80. What is the probability of both A and B?

Answered: 1 week ago

Question

★★★★★

3.22 The probability of A is 0.60, the probability of B is 0.45, and the probability of both is 0.30. What is the probability of either A and B?

Answered: 1 week ago

Previous Question Next Question