This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Jensen Inc. has net earnings of 24,000,000 this year and a dividend payout policy of 40 of earnings. ... (Read 63 times)

s.tung

  • Hero Member
  • *****
  • Posts: 577
on: Jul 11, 2018
Jensen Inc. has net earnings of 24,000,000 this year and a dividend payout policy of 40 of earnings. If the firm follows its regular payout policy what will be the addition to retained earnings this year?
 
  A) 9,600,000
  B) 12,000,000
  C) 14,400,000
  D) 16,000,000

Question 2

Linda wants to purchase a homeowners policy. She has some valuable personal property to which internal policy limits apply.
 
  Her agent said that she could obtain coverage under her homeowners policy by attaching a list of this valuable property with specific amounts of insurance. Such a listing is called a(n)
  A) binder.
  B) schedule.
  C) application.
  D) warranty.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

annierak

  • Sr. Member
  • ****
  • Posts: 340
Reply #1 on: Jul 11, 2018
Answer to Question 1

C
Explanation: C) Addition to R/E = Net Earnings  (1- DPO ratio) = 24,000,000  (1-0.40 ) = 14,400,000.

Answer to Question 2

Answer: B


s.tung

  • Member
  • Posts: 577
Reply 2 on: Jul 11, 2018
Thanks for the timely response, appreciate it

marict

  • Member
  • Posts: 304
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

By definition, when a medication is administered intravenously, its bioavailability is 100%.

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

Did you know?

There are over 65,000 known species of protozoa. About 10,000 species are parasitic.

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Eighteen-year-olds were the largest age cohort in the first year of the war in both armies. Soldiers Eighteen-year-olds were the largest age cohort in the first year of the war in both armies. Soldiers
In the past year, about one in five adults in the United States reported symptoms of anxiety ... In the past year, about one in five adults in the United States reported symptoms of anxiety ...
International Economics: Theory and Policy (10th Edition) International Economics: Theory and Policy (10th Edition)
Portrait of Typical 12-year-old Boy and Girl, 1981 and 2007-2009 Portrait of Typical 12-year-old Boy and Girl, 1981 and 2007-2009
A non-interest-bearing five-year note for $54600.00 issued May 1, 2015, is discounted April 1, ... A non-interest-bearing five-year note for $54600.00 issued May 1, 2015, is discounted April 1, ...
A non-interest-bearing five-year note for $54600.00 issued May 1, 2015, is discounted April 1, ... A non-interest-bearing five-year note for $54600.00 issued May 1, 2015, is discounted April 1, ...
Video: Electrocardiogram Examination

For a complete list of videos, visit our video library