Calculate Payout Ratio Given the Following Information: Cash Dividends Paid

question 168

Multiple Choice

Calculate payout ratio given the following information: cash dividends paid = $4,200; sales = $80,000; cost of goods sold = $30,000; selling and administrative expenses = $8,000; interest
Expense = $2,000; tax rate = 30%.

• A) 15%
• B) 35%
• C) 85%
• D) 75%
• E) 45%

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Definitions:

Color Receptors

Specialized cells located in the retina of the eye (cones) that are sensitive to different wavelengths of light, enabling the perception of color.

High-Pitched Stimulus

A sound or signal at the higher end of the auditory frequency range, often perceived as sharp or shrill.

Weber Fraction

A principle that quantifies the perception of change in a given stimulus according to the Just Noticeable Difference (JND).

Sense Modality

A way in which sensory information is processed, including vision, hearing, touch, taste, and smell.