Answer:
$296 (in thousands)
Explanation:
The Dividends paid is calculated as:
Dividend paid
= Beginning Retained earnings + Net income during 2021 - Ending Retained earnings
Now,
Beginning retained earning = Retained earning at 2020 i.e $220,000
Net income during 2021 = $406,000
Ending retained earning = Retained earning of 2021 i.e $330,000
on substituting the value, we get
Dividend paid = $220,000 + $406,000 - $330,000
or
Dividend paid = $296 (in thousands)
Answer:
4%
Explanation:
Solution:
Calculation for the the implied interest rate the investor will earn on the security
Using this formula
Future value = Present Value (1+r)^t
Where,
Future value =$7,300
present value = $6,000
t= period = 5 years
r= interest implied = ??
Let plug in the formula
Future value = Present Value (1+r)^t
$7,300 = $6,000 (1+ r)^5
1+ r = ($7,300/$6,000 )^(1/5)
1+ r = 1.216666666^(1/5)
1+ r = 1.04
r= 1.04-1
r= 0.04*100
r= 4%
Therefore the implied interest rate the investor will earn on the security will be 4%
Answer:
c. sells off a major portion of its business to another company.
Explanation:
The corporation that should obtain the approval of the shareholder prior when the business major portion is sell off to the another company as it is very crucial decision taken by the company. It cant be taken without the approval of the shareholder as they are the original investors of the company
So as per the given situation, the option c is correct
