Cash dividends are affected by three significant dates. On which of the dates do dividends become a legal obligation of a corporation?
What will be an ideal response?
Declaration date
Although corporations are not required to declare dividends, they are legally obligated to pay dividends once they have been declared.
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A net credit balance in the factory overhead account after year-end adjustments have been made indicates overhead has been overapplied
Indicate whether the statement is true or false
Ariana is including an expression of gratitude in her message. Ariana is working on the __________ of her message.
A. first sentence B. opening C. body D. close E. middle section
Sandy is opening a second hair and nail salon in the suburban area of Des Moines, Iowa. Sandy wants to advertise her new store without spending a great deal on purchasing media or producing an advertising campaign
However, she wants to reach a large segment of the population in and around Des Moines. To promote her grand opening, it would be best for Sandy to place advertisements in which of the following media vehicles? A) national newspapers B) local radio C) beauty magazines D) network television E) outdoor boards
You have been asked to forecast the additional funds needed (AFN) for Houston, Hargrove, & Worthington (HHW), which is planning its operation for the coming year. The firm is operating at full capacity. Data for use in the forecast are shown below. However, the CEO is concerned about the impact of a change in the payout ratio from the 10% that was used in the past to 50%, which the firm's investment bankers have recommended. Based on the AFN equation, by how much would the AFN for the coming year change if HHW increased the payout from 10% to the new and higher level? All dollars are in millions.
Last year's sales = S0$300.0 Last year's accounts payable$50.0 Sales growth rate = g40% Last year's notes payable$15.0 Last year's total assets = A0*$500.0 Last year's accruals$20.0 Last year's profit margin = PM20.0% Initial payout ratio10.0% A. $31.9 B. $33.6 C. $35.3 D. $37.0 E. $38.9