A Firm Has Net Income of $32,000 on Sales of $190,000

question 20

Multiple Choice

A firm has net income of $32,000 on sales of $190,000. Sales are expected to increase by 6% next year and the dividend payout ratio is 35%. The firm uses the percentage of sales approach when compiling pro forma statements. What amount is expected to be added to retained earnings next year?

• A)$14,300
• B)$15,400
• C)$15,686
• D)$17,550
• E)$22,048

Set short-term and long-term professional goals in nursing.

Recognize the roles and responsibilities within nurse mentoring relationships.

Understand the process and importance of conducting SWOT analysis in personal and professional development.

Appreciate the importance of motivation and positive reinforcement in team dynamics.