Suppose a Firm Has a Dividend Payout Ratio of 47

question 82

Multiple Choice

Suppose a firm has a dividend payout ratio of 47 percent and net income of $7 million. What would be the annual addition to retained earnings?

• A) $3,890,000
• B) $3,290,000
• C) $3,710,000
• D) $3,510,000

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Definitions:

Performance Appraisals

The systematic evaluation of an employee's job performance and productivity, usually including feedback and discussions about future goals.

Acceptable Performance

The level of job performance considered sufficient or satisfactory by an employer, meeting the standard requirements and expectations.

Direct Subjective

An approach or assessment that is based on personal opinions, feelings, or attitudes without objective measurement.

Staffing Procedures

Processes and activities involved in identifying, attracting, evaluating, and hiring employees to fill job vacancies within an organization.