« previous next »

Author Question: Felton Financial Inc, had net earnings last year of 487,000. If the firm has a dividend payout ... (Read 97 times)

viki

  • Hero Member
  • *****
  • Posts: 525
on: Jul 11, 2018
Felton Financial Inc, had net earnings last year of 487,000. If the firm has a dividend payout policy of 30, what was the addition to retained earnings?
 
  A) 340,900
  B) 487,000
  C) 146,100
  D) There is not enough information to answer this question.

Question 2

Based on the information in Table 4-3, the current and acid-test ratios are, respectively,
 
  A) 2.37 and 1.27. B) 2.18 and 1.39. C) 2.18 and 1.27. D) 2.37 and 1.39.


emily12345

  • Sr. Member
  • ****
  • Posts: 321
Reply #1 on: Jul 11, 2018
Answer to Question 1

A
Explanation: A) NE  (1-DPO) = 487,000  (1-.30 ) = 340,900.

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

In women, pharmacodynamic differences include increased sensitivity to (and increased effectiveness of) beta-blockers, opioids, selective serotonin reuptake inhibitors, and typical antipsychotics.

Did you know?

The Babylonians wrote numbers in a system that used 60 as the base value rather than the number 10. They did not have a symbol for "zero."

Did you know?

In 1886, William Bates reported on the discovery of a substance produced by the adrenal gland that turned out to be epinephrine (adrenaline). In 1904, this drug was first artificially synthesized by Friedrich Stolz.

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

Did you know?

The human body's pharmacokinetics are quite varied. Our hair holds onto drugs longer than our urine, blood, or saliva. For example, alcohol can be detected in the hair for up to 90 days after it was consumed. The same is true for marijuana, cocaine, ecstasy, heroin, methamphetamine, and nicotine.

Why Different Constellations Are Visible at Different Times of the Year Why Different Constellations Are Visible at Different Times of the Year
Infant: 4 weeks to 1 year. Infant: 4 weeks to 1 year.
The average weight gain between Thanksgiving and New Year's Day is about a pound The average weight gain between Thanksgiving and New Year's Day is about a pound
essay on friendship written by a 10-year-old essay on friendship written by a 10-year-old
A promissory note has a face value of $6000 and it has a date of issue of June 1 this year. The ... A promissory note has a face value of $6000 and it has a date of issue of June 1 this year. The ...
Kindergarten school year book Kindergarten school year book
Video: Medullary osmotic gradient: countercurrent multiplier, urea recycling & vasa recta countercurrent exchange

For a complete list of videos, visit our video library