JimGyms Has the Following Quarterly Earnings Projections

question 64

Multiple Choice

JimGyms has the following quarterly earnings projections. The company retains 60% of its earnings and follows a stable dividend policy each year. What is the dividend for the 2^ndquarter?

• A) $220,000
• B) $260,000
• C) $300,000
• D) $320,000
• E) $400,000

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