Answer:
C. 86.17%
Explanation:
The computation of the expected dividend payout ratio is shown below:
Expected dividend pay out ratio = 100 - {(capital budget × equity ratio) ÷ (net income} × 100
= 100 - {($83,000,000 × 30%) ÷ ($180,000,000} × 100
= 100 - (24,900,000 ÷ $180,000,000) × 100
= 100 - 13.83%
= 86.17%
All other information which is given is not relevant. Hence, ignored it
Answer:
$7,126.78
Explanation:
First, find the present value of the annuity payments at the year Jordan retires.
You can do this question using a financial calculator using the following inputs;
Total duration; N = 35
Recurring payment ; PMT = 75,000
Required return; I/Y = 5%
Future value ; FV = 0 (note: use 0 for FV in this annuity if not given)
then CPT PV(at t=35) = 1,228,064.572
Next, to find the recurring annual payment , $1,228,064.572 would the goal that needs to be achieved hence the Future value at year 35.
FV = 1,228,064.572
N= 35
Interest rate before retirement; I/Y = 8%
PV = 0
then CPT PMT = 7,126.78
Therefore, she must deposit $7,126.78 per year.
Answer:
Dividend paid to preferred stock holders = 6% x $10 x 30,000 = $18,000
Dividend paid to common stock holder = $40,000 - $18,000 = $22,000
Explanation:
The dividend paid to preferred stock holders is a function of dividend rate, par value and number of preferred stocks outstanding.
The dividend paid to common stock holders is the difference between total dividend declared and dividend paid to preferred stock holders.
Answer:
a. $7,382.40
Explanation:
With regards to the above,
Bettina Amman 's average monthly expenditure calculation is shown below;
= Total monthly expenses / Number of months
= $4,356.01 + $9,011.20 + $8,780 / 3
= $7,382.40
Therefore, Bettina Amman's average monthly expenditure is $7,382.40
Answer:
Given that,
Company's bank reconciliation at June 30 included interest earned = $150
So, it must be cash must be debited and interest revenue must be credited in the accounts.
Therefore, the journal entry is as follows:
Cash A/c Dr. $150
To Interest revenue $150
(To record the interest revenue earned)
