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Gnesinka [82]
2 years ago
5

Franklin Electric is presently generating earnings available to common shareholders of​ $7.25 per share. The​ firm's income tax

rate is​ 40%. Franklin is paying a dividend to the preferred shareholders of​ $2.10 per share. The​ firm's dividend payout ratio on common stock is​ 20%. What is the amount per share that Franklin will pay in dividends to common​ shareholders?
Business
1 answer:
Sphinxa [80]2 years ago
3 0

Answer:

$1.45

Explanation:

First of all we need to know what is earnings available to common shareholders (EACS).

EACS is the part of earnings which is available to common shareholders after deducting preference dividend from net income after taxes.

We can understand the as follows

Net Profit after taxes $ xxxx

Less: Preference dividend (xxxx)

Earnings available to.common shareholders xxxx

From this amount is we divide number of common stocks / shares, we will get Earnings Per Share (EPS)

EPS = Earnings available to equity shareholders / number of common stock shares

Dividend Payout Ration to common stock (given) = 20%

It means the comapny is paying 20% of EPS to common stock holders and 80% of EPS is tthe retained earnings of the company

Hence dividend to common stockholder = Earnings available.to common shareholders × dividend payout ratio

= $7.25 × 20%

= $1.45

$1.45 is the dividend which company pay to common shareholders

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The attitude adopted by Calvin Coolidge that government should play a small role in business affairs is known as what?
nydimaria [60]

Answer:

3) laissez-faire

Explanation:

Laissez-faire is a French expression that means to let us do, or applied to economics, let the economy self regulate itself. It was not a doctrine developed by Adam Smith, but rather by French economists who supported the idea of no government intervention in the economy.

President Coolidge believed that the government should not interfere with businesses and that businesses themselves were able to create prosperity for the nation.

3 0
3 years ago
CrossCountry Trucking & Transport enters into a contract with Discount Outlet Stores to load, transport, deliver, and unload
Mila [183]

Answer:

C) tender.

Explanation:

In contract law, a tender offer to perform is conditioned to the moment when the other party is willing and ready to perform as well. In this case, CrossCountry signed a contract, but the contract will be valid when the other party (Discount Outlet Stores) needs their services. If the other party does not require their services, CrossCountry is not able to perform nor demand performance.

6 0
2 years ago
A department adds raw materials to a Process at the beginning of the process and incurs conversion costs uniformly throughout th
Natasha_Volkova [10]

Answer: c. 78,000 equivalent units.

Explanation:

Equivalent units for conversion is calculated as:

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Units completed and transferred out:

= Units started into production - Ending units

= 90,000 - 20,000

= 70,000 units

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Equivalent units for conversion = 70,000 + 8,000

= 78,000 units

7 0
3 years ago
Which of the following dose not apply to field
Natasha2012 [34]

Answer:

there are no options there ....

hope you may add the options

7 0
2 years ago
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wlad13 [49]
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