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LA Moving Company Has the Following Data, Dollars in Thousands

question 37

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LA Moving Company has the following data, dollars in thousands. If it follows the residual dividend model, what will its dividend payout ratio be?


Definitions:

Refuse

To indicate unwillingness to accept, do, engage with, or consent to something.

Payable After Sight

A payment term indicating that the amount is due a certain number of days after the invoice or bill is presented and seen by the debtor.

Promissory Note

A financial instrument that contains a written promise by one party to pay another a definite sum of money either on demand or at a specified future date.

Contract Of Sale

A legal agreement where the seller agrees to sell and the buyer agrees to buy goods or property under specified terms and conditions.

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