Bertram Corporation Had Net Income of $325000 and Paid Dividends

question 189

Multiple Choice

Bertram Corporation had net income of $325000 and paid dividends to common stockholders of $39000 in 2021.The weighted average number of shares outstanding in 2021 was 50000 shares.Bertram Corporation's common stock is selling for $52 per share on the New York Stock Exchange.Bertram Corporation's payout ratio for 2021 is

• A)$6.5 per share.
• B)16%.
• C)12%.
• D)8.3%.

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Definitions:

Dendrite

A branched extension of a neuron that receives impulses from other neural cells and transmits them toward the cell body.

Absolute Refractory Period

A period immediately following the transmission of an impulse in nerve or muscle in which a nerve or muscle is incapable of generating another impulse.

Chloride Ions

Negatively charged particles (Cl-) that play crucial roles in bodily functions such as balancing fluids and transmitting nerve impulses.

Central Nervous System

The part of the nervous system consisting of the brain and spinal cord, crucial for processing information and controlling bodily functions.