Calculate Payout Ratio Given the Following Information: Cash Dividends Paid

question 118

Multiple Choice

Calculate payout ratio given the following information: cash dividends paid = $19,950; sales = $250,000; cost of goods sold = $100,000; selling and administrative expenses = $50,000; interest
Expense = $5,000; tax rate= 30%.

• A) 70%
• B) 30%
• C) 50%
• D) 35%
• E) 65%

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Definitions:

Nominal Variables

Variables that represent categories with no intrinsic ranking or order.

Pet Ownership

The act of owning or being responsible for the care of pets such as dogs, cats, and other domestic animals.

Gender

Gender refers to the roles, behaviors, activities, and attributes that a given society considers appropriate for men, women, and gender-diverse individuals.

Frequency Distribution

A summary of how often each value occurs in a dataset by grouping values into intervals or categories.