Presented Below Are Selected Data from the Financial Statements of DeBruce

question 150

Multiple Choice

Presented below are selected data from the financial statements of DeBruce Corp. for 2014 and 2013. The dividend payout ratio for 2014 is

• A) 0.382.
• B) 0.05.
• C) 0.28.
• D) 0.50.

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Definitions:

Activity Rate

This is the frequency or intensity with which a specific process or activity is conducted within a given time frame.

Activity-Based Costing

A costing methodology that assigns overhead and indirect costs to specific activities, enhancing the accuracy of product costing.

Labor-Related

Pertaining to costs, activities, or issues directly connected with the workforce of a business, including wages, benefits, and productivity.

Activity Rate

The predetermined overhead rate used to allocate overhead costs based on specific activities or cost drivers.