Abel Inc. applies the low regular dividend plus extras policy when determining how much of its income will be paid out as dividends each year. Abel's policy states that the minimum dividend that will be paid each year is $1.00 per share. But, when net income is greater than $80 million, the total dividend will be increased by 40 percent of the amount that exceeds $60 million. The firm currently has 10 million shares of stock outstanding. What will be the dividend per share if Abel earns $100 million
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Abel Inc. applies the low regular dividend plus extras policy when determining how much of its income will be paid out as dividends each ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Martha is walking from her office building to her car in a torrential downpour with an umbrella manufactured by Umbrellas USA, Inc. She is struck by lightning and files suit, claiming the manufacturer failed to include a warning.
Answers (1)
Hannah accidentally overpaid her last credit card bill and has sent a written request for her bank to refund her difference. How soon can she expect the refund? A) 10 days B) 5 to 10 days C) 2 billing cycles D) 7 days
Answers (1)
Which section of the economy makes up the majority of spending on goods and services? A. Government B. Religious organizations C. Consumers D. Business
Answers (1)
Greenbelt Construction has been a successful small home-building firm for years. The owner pays subcontractors slightly more than the usual rate for different tasks, reducing the company's gross margin.
Answers (1)
Violet negotiates with Urban Credit Corporation to obtain a loan for $85,000 to buy a home. During the negotiations, Urban Credit orally misrepresents the terms, but provides the required documents, which accurately state the terms.
Answers (1)
New Questions in Business
A new wonder diet that results in a dramatic loss of weight sweeps through America. The key to the diet is to eat unlimited amounts of red meat (beef) but no poultry (chicken) or carbohydrate-rich foods.
Answers (1)
As the prices in markets change, buyers and sellers respond in different ways according to how much time they have to react. Match the time period to its correct description.
Answers (1)
A closer look: differences among the nutrition standards and guidelines and when
Answers (1)
Pronghorn Appliances provides a 3-year warranty with one of its products which was first sold in 2017. Pronghorn sold $1,840,000 of products subject to the warranty. Pronghorn expects $202,000 of warranty costs over the next 3 years.
Answers (1)
Lily wants to build a business. She has very little capital. She does, however, have a partner with which she could run a business. Lily wants to be able to avoid being held personally liable for any problems the business has.
Answers (1)