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Author Question: Coppell Timber Company had total earnings last year of 5,000,000, but expects total earnings to drop ... (Read 315 times)

olgavictoria

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on: Jul 10, 2018
Coppell Timber Company had total earnings last year of 5,000,000, but expects total earnings to drop to
  4,750,000 this year because of a slump in the housing industry. There are currently 1,000,000 shares of common
  stock outstanding.
 
  The company has 4,000,000 worth of investments to undertake this year. The company
  finances 40 percent of its investments with debt and 60 percent with equity capital. The company paid 3.00 per
  share in dividends last year.
  a. If the company follows a pure residual dividend policy, how large a dividend will each shareholder receive
  this year?
  b. If the company maintains a constant dividend payout ratio each year, how large a dividend will each
  shareholder receive this year?
  c. If the company follows a constant dollar dividend policy, how large a dividend will each shareholder
  receive this year?

Question 2

Use the percent of sales method of preparing pro forma financial statements to determine the
  projection for next year's cost of goods sold.
 
  Make the following assumptions: current year's sales
  are 27,800,000; current year's cost of goods sold is 17,528,000; sales are expected to rise by 30.
  What is the projection for next year's cost of goods sold?
  A) 20,481,000 B) 21,459,200 C) 21,138,900 D) 22,786,400
Foundations of Finance ¦ Keown, Petty, Martin ¦ 9th Edition
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wuly

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Reply #1 on: Jul 10, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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olgavictoria

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Reply #2 on: Jul 10, 2018
Correct answers!


wuly

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Reply #3 on: Jul 10, 2018
Great! Please up vote :D


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