Answer:
d. $255,000
Explanation:
Data provided
Net income = $665,000
Capital budget = $1,025,000
Debt = 60%
The calculation of total dividends is shown below:-
Total dividend (using residual dividend approach) = Net income - Equity
= $665,000 - ($1,025,000 × (1 - 0.60))
= $665,000 - ($1,025,000 × 0.40)
= $665,000 - $410,000
= $255,000
Total dividend to be paid by Torrence Inc. = $ 255,000
Answer:
make sure customers keep sufficient funds in their account
Explanation:
Minimum balance is the amount that an account holder has to be kept in the account. The minimum amount is to be maintained so as to enjoy the benefits of the account like receiving interests. The minimum balance defers from one bank to another. Maintaining the minimum helps in accessing loans and other facilities.
Answer:
$344,000
Explanation:
The applicable formula, in this case, is the accounting equation.
Assets= Liabilities + Equity.
Liabilities =$117,000
Equity =$227,000
Assets = $117,000 + $227,000
Assets = $344,000
<span>The implied forward premium or discount of the yen (over the current spot rate) for a five year forward contract would be 12.36 percent premium.</span>
