Which one of these is a characteristic of a sensible payout policy?
A) Over time pay out half of all free cash flows
B) Set the current regular dividend consistent with a 100 percent payout ratio
C) Increase regular dividends to distribute transitory cash flow increases
D) Set the dividends high even if it means acquiring expensive external financing
E) Avoid rejecting positive NPV projects to increase dividends or buyback shares
E) Avoid rejecting positive NPV projects to increase dividends or buyback shares
You might also like to view...
Winters Corporation purchased 15,000 shares of Poores Corporation common stock for $60 per share on January 2, 2014. Poores Corporation reported net income of $1,500,000 for 2014 and paid dividends of $300,000 during 2014. Poores has a total of 50,000 shares of common stock outstanding. The entry that would be recorded to recognize the income is:
A) Cash 90,000 Dividend Income 90,000 B) Investment in Poores Corporation 450,000 Income, Poores Corporation Investment 450,000 C) Dividend Income 450,000 Cash 450,000 D) Investment in Poores Corporation 450,000 Cash 450,000
Government-wide statements are prepared using the modified accrual basis; therefore, governmental fund-basis statements need to be adjusted from their original accrual basis.
Answer the following statement true (T) or false (F)
We can write any ________ as a function of the difference between the expected inflation rates of two countries and the current or spot exchange rate
A) anticipated forward exchange rate B) known forward exchange rate C) anticipated spot rate D) unanticipated forward exchange rate
Value-chain support activities that involve excellent applications engineering support (technology development) and facilities that promote a positive firm image (firm infrastructure) characterize which generic strategy?
A. differentiation focus B. differentiation C. overall cost leadership D. stuck-in-the middle