Answer:
$26,294.75
Explanation:
Next years estimated total sales = $672,500
profit margin 4.6% of total estimated sales = 4.6% x $672,500 = $30,935
dividend payout ratio 15% of net income = $30,935 x 15% = $4,640.25
increase in retained earnings = net income - distributed dividends = $30,935 - $4,640.25 = $26,294.75
Answer:
Whispering Corporation
Partial income statement for 2020
Income from continuing operations $10,775,400
Income from discontinuing operation:
Division operated loss ($321,500)
Division disposal Loss <u> ($200,100) </u>
<u>($521,600)</u>
Net Income $<u>10,253,800</u>
For many in the baby boom generation, ......................................... represents a FLASHBULB MEMORY, an .......................... event.
A flash bulb memory refers to a detailed and vivid memory which is stored on one occasion and is retained for a life time. Such memory are usually related to important autobiographical events or other types of memories that are unforgettable.
Answer:
price = $47.82
Explanation:
Find the present value of each dividend at the required rate of return and sum them up to get the current price;
PV = FV /(1+r)^n
PV(D1) = 3.55/ (1.099^1) = 3.2302
PV(D2) = 4.65/ (1.099^2) = 3.8500
PV(D3) = 5.85 / (1.099^3) = 4.4072
PV(Price at t=4) = 53 / (1.099^4) = 36.3316
Price = 3.2302+2.9392+4.4072+36.3316
= 47.81897
Therefore, price = $47.82
