Wayne Enterprises Inc has a target debt/equity ratio of 0.1765. Its capital budget (for new projects) for next year is estimated at $110 million. Estimated net income is $100 million. Wayne Enterprises has 100 million shares outstanding
Find Wayne Enterprises dividends using the residual dividend approach.
A) $0.035
B) $0.045
C) $0.055
D) $0.065
E) $0.075
D
You might also like to view...
No rights or privileges are associated with unissued stock
Indicate whether the statement is true or false
Why do most executives tend to be uncomfortable with interviews?
A) They cannot control the 100% of the agenda. B) They do not trust anyone in the media. C) They are not used to being put on the spot. D) Public relations professionals do not prepare them well.
KyoTek and an employee are in a dispute that they have not been able to resolve. They have taken their case to Judge Forner, a retired judge, and have agreed to abide by Judge Forner's decision. In this scenario, Judge Forner is an arbiter.
Answer the following statement true (T) or false (F)
What is the most effective reward to offer to Kickstarter contributors?
a. a cash award b. awards-in-kind that offer equivalent value for the cash contributed c. promising contributors that they will be the first to receive the product, along with a contribution award d. offering to list the person as a founding contributor on all product and service literature