« previous next »

Author Question: Felton Financial Inc, had net earnings last year of 487,000. If the firm has a dividend payout ... (Read 109 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?

Nearly 31 million adults in America have a total cholesterol level that is more than 240 mg per dL.

Did you know?

In the United States, there is a birth every 8 seconds, according to the U.S. Census Bureau's Population Clock.

Did you know?

Allergies play a major part in the health of children. The most prevalent childhood allergies are milk, egg, soy, wheat, peanuts, tree nuts, and seafood.

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

Did you know?

Patients who have undergone chemotherapy for the treatment of cancer often complain of a lack of mental focus; memory loss; and a general diminution in abilities such as multitasking, attention span, and general mental agility.

Changes in boreal forest composition along a chronosequence in Quebec. Dates refer to the year of th Changes in boreal forest composition along a chronosequence in Quebec. Dates refer to the year of th
The Black Death spread over much of Europe in a three-year period in the middle of the fourteenth ce The Black Death spread over much of Europe in a three-year period in the middle of the fourteenth ce
Rate of Residential Change, Past Year, in the United States Rate of Residential Change, Past Year, in the United States
The world has been horrified recently at a U.S. Congress so polarized and paralyzed that it cannot p The world has been horrified recently at a U.S. Congress so polarized and paralyzed that it cannot p
John Lewis Krimmel’s painting of the Fourth of July in Centre Square Philadelphia (1812) shows the d John Lewis Krimmel’s painting of the Fourth of July in Centre Square Philadelphia (1812) shows the d
Research that has examined babies' ability to recognize themselves develops in the 2 year Research that has examined babies' ability to recognize themselves develops in the 2 year
Video: Blood Flow Through the Kidneys

For a complete list of videos, visit our video library