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MAVERICK [17]
3 years ago
13

Assume that the new television costs $500.

Business
1 answer:
Olenka [21]3 years ago
8 0
Right now, I would choose the credit union to borrow from, because I have the impression that their interest rates are lower for small consumer loans. Also, if you have a savings account in a credit union, sometimes they have a deal where you can borrow some of the money from your own account, and when you make payments, your own accounts gets part of the interest. Pretty neat. But really, you have to shop around to see who will give you the best deal on a small loan. And don't ever forget ... The BEST for you will ALWAYS be to save up for what you want, and PAY for it when you BUY it.
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As a financial manager for WillPower, Inc, you have the following information: a) The company follows a residual dividend policy
8_murik_8 [283]

Answer:

a. Amount funded with equity is $4,800,000

b. Dividend is $3,200,000

c. Dividend Payout ratio is 40.00%

Explanation:

Note: This question is incomplete, and the complete one is as follows:

As a financial manager for WillPower, Inc, you have the following information: a) The company follows a residual dividend policy; b) The total capital budget for next year is likely to be $8,000,000; c) The forecasted level of earnings next year is $8,000,000; d) The target or optimal capital structure is a debt ratio of 40%;

Please answer the following questions:

a. What will be the amount funded with equity for the project ? (Keep the answer to a whole number. Example of answer format: $1,000,000)

b. Compute the amount of the dividend . (Keep the answer to a whole number. Example of answer format: $1,000,000)

c. Compute the dividend pay-out ratio . (Keep the answer to two decimals. Example of the answer format: 55.55%)

The following are therefore the explanation of the answers to the question:

a. What will be the amount funded with equity for the project ? (Keep the answer to a whole number. Example of answer format: $1,000,000)

Given that the target or optimal capital structure is a debt ratio of 40%, this implies that there will be 40% debt finance and 60% (100% - 40%) equity finance. Therefore, we have:

Amount funded with equity = Total capital budget for next year * Percentage of equity finance = 8,000,000 * 60% = $4,800,000

b. Compute the amount of the dividend. (Keep the answer to a whole number. Example of answer format: $1,000,000)

Since the company follows a residual dividend policy, it implies that the earnings available are employed to finance capital expenditure budget first before dividends are paid to the shareholders.

Since amount funded with equity is $4,800,000 as obtained in part a, it implies that this must be deducted first from the forecasted level of earnings next year to obtain the residual that will be paid as dividend as follows:

Dividend = Forecasted level of earnings next year - Amount funded with equity = $8,000,000 - $4,800,000 = $3,200,000

c. Compute the dividend pay-out ratio . (Keep the answer to two decimals. Example of the answer format: 55.55%)

Dividend payout ratio refers to the percentage of the earnings or net income of a company that is paid by the company to its shareholders as dividend. This can therefore be calculated

Dividend Payout ratio = Dividend / Earnings = $3,200,000 / $8,000,000 = 0.40, or 40.00%

Therefore, WillPower, Inc is expected to pay 40% of its earnings as dividend to its shareholders.

4 0
2 years ago
The production department of Priston Company has submitted the following forecast of units to be produced by quarter for the upc
Levart [38]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

1st Quarter -  2nd Quarter - 3rd Quarter - 4th Quarter

Units to be produced: 6,000 - 7,000 - 8,000 - 5,000

the beginning raw materials inventory= 3,600

Each unit requires three pounds of raw material that costs $2.50 per pound. Management desires to end each quarter with a raw materials inventory equal to 20% of the following quarter

I will assume that the requirements are the cost of direct material for each quarter.

<u />

<u>The direct material budget is calculated by the following formula:</u>

Direct material budget= direct material for production + ending inventory - beginning inventory

Q1:

Production= (6,000*3)*$2.5= $45,000

Ending inventory= [(7,000*3)*$2.5]*0.20= $10,500

Beginning inventory= (3,600*2.5)= (9,000)

Total= $46,500

Q2:

Production= (7,000*3)*$2.5= $52,500

Ending inventory= [(8,000*3)*$2.5]*0.20= $12,000

Beginning inventory= (10,500)

Total= $54,000

Q3:

Production= (8,000*3)*$2.5= $60,000

Ending inventory= [(5,000*3)*$2.5]*0.20= $7,500

Beginning inventory= (12,000)

Total= $55,500

8 0
3 years ago
How can we avoid water pollution​
MrRissso [65]
We can avoid water pollution by keeping our water clean and trashless.
7 0
3 years ago
Read 2 more answers
A marketing manager decides what combination of variables is needed to satisfy customers' needs for a general type of product. W
VMariaS [17]

Answer:

a. ​Product, price, distribution, and promotion variables

Explanation:

As a customer requires various attributes of the product, that is for which the customer will not compromise in, these include:

The product needed, as for the customer is hungry he shall ask for a pizza, now pizza is a product.

The price of the product, if the price is in the budget of the customer he shall buy it else he shall not buy it.

Distribution associated with it basically the method in which it will be distributed, the packaging extracts.

Promotion variables includes extra benefits like offered with the product, cash backs as for example, etc:

8 0
3 years ago
Jerry Jay is the CEO of Jerry's Jackets (JJ). In June, Jerry expects to produce and sell 3200 jackets, and he expects his June u
babunello [35]

Answer: $10240

Explanation:

Based on the information that have been provided in the question, the planning budget for the utilities in June will be calculated as:

= Fixed expenses + (Budgeted activity × Variable cost per unit)

where

Fixed expenses = $8000

Budgeted activity = 3200 jackets

Variable cost per unit = $0.70

Therefore, planning budget will be:

= $8,000 + (3,200 × $0.70)

= $8,000 + $2240

= $10240

3 0
2 years ago
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