Partridge Ltd Provides the Following Information for the Year 2017

question 107

Multiple Choice

Partridge Ltd provides the following information for the year 2017: $\begin{array}{|l|l|}\hline\text { Net profit } & \$ 34,000 \\\hline \text { Market price per share of ordinary shares } & \$ 17 / \text { share } \\\hline \text { Dividends paid } & \$ 0.75 / \text { share } \\\hline \text { Ordinary shares outstanding at } 1 \text { Jan } 2016 & 130,000 \text { shares } \\\hline \text { Ordinary shares outstanding at 31 Dec } 2017 & 150,000 \text { shares }\\\hline\end{array}$ The company has no preference shares outstanding.Calculate the dividend yield for ordinary shares.

• A)4.41%
• B)3%
• C)1.41%
• D)4.62%

Understand the concept of budget lines and how changes in income and prices affect consumer choices.

Interpret the effects of special programs like food stamps on consumer purchasing power and choices.

Calculate the maximum amount of goods a consumer can buy based on their income and prices.

Analyze the impact of income sources and allowances on budget constraints and choices.

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Definitions:

Quorum

The minimum number of members required to be present at a meeting to make the proceedings of that meeting valid.

Environmental Protection Agency (EPA)

A U.S. federal agency responsible for protecting human health and the environment by enforcing regulations based on laws passed by Congress.

Hybrid Administrative Agency

An organization that combines elements of both governmental and private sector management and functionalities, often involved in regulating specific industries.

Conditional

Referring to something that is dependent on certain conditions or requirements being met.