Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 26, 2024

Moja Love Ltd maintains a 2/3 Debt to equity ratio and follows a residual dividend policy. The company has after-tax profits of R2 600 000

Moja Love Ltd maintains a 2/3 Debt to equity ratio and follows a residual dividend policy. The company has after-tax profits of R2 600 000 for the year and needs R3 000 000 for new investments.

What is the total amount that Moja Love will pay out in dividends this year?

A R800 000

B R400 000

C R2 600 000

D R3 000 000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access with AI-Powered 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

Students also viewed these Finance questions

Question

An amateur meteorologist uses the following, rather primitive, weather forecasting system. Each day is classified as dry or wet and he then assumes that the following day will be of the same type...

Answered: 1 week ago

Question

★★★★★

Gamma Holding NV, a Dutch textile company, presented the following calculation of operating profit in its 2009 consolidated income statement : X 1,000,0002009 Net turnover658.5 Change in finished...

Answered: 1 week ago

Question

★★★★★

You have a Microsoft Exchange Online tenant. You create a new global address list ( GAL ) named GAL _ Research. Only the users in the research department at your company need to view the recipients...

Answered: 1 week ago

Question

★★★★★

HIS IS A PROBLEM QUESTION - PLEASE USE IRAC FORMAT Jecyle is Managing Director and CEO of Jeycle & John Ltd, ( J&J Ltd ) a public company that provides fast food. J&J Ltdis facing fierce competition...

Answered: 1 week ago

Question

★★★★★

3-7. The box of a dump truck pivots at A and has a force of 850 lb applied by a hydraulic cylinder as shown in Figure P3-7. Determine the moment about A due to this force. 63 850 lb 30 A FIGURE P3-7

Answered: 1 week ago

Question

★★★★★

One of Lauren's responsibilities as the director of graduate enrollment was to make the first night of class in the MBA program, known as Base Camp, a welcoming and impressive event. She assembled...

Answered: 1 week ago

Question

★★★★★

An electronics store kept records of sales of tablets for the previous month. Those buying a tablet had the option of buying an additional warranty for their item. It was also recorded whether the...

Answered: 1 week ago

Question

★★★★★

2.11 LAB: Importing packages Import the necessary modules and read in a csv file. The homes dataset contains 18 features giving the characteristics of 76 homes being sold. The modules will be used...

Answered: 1 week ago

Question

★★★★★

If a byte is written to an ECC memory module that has four-bit values set to 1, and four set to 0, which type of parity information will be used?

Answered: 1 week ago

Previous Question Next Question