Question
] Zippy Company has 50,000 shares of stock outstanding and projects the following net income over the next four years. Year Net Income 2020 $90,000
]
Zippy Company has 50,000 shares of stock outstanding and projects the following net income over the next four years.
| Year | Net Income |
| 2020 | $90,000 |
| 2021 | $120,000 |
| 2022 | $85,000 |
| 2023 | $135,000 |
Zippy pays a small regular dividend of $0.75 plus an extra 40% of profits when net income is higher than $100,000. What is the dividend payment for 2023?
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Finance For Non Financial Managers
Authors: Gene Siciliano
1st Edition
0071413774, 978-0071413770
