Examlex
A firm has a total market value of assets of $300 million that includes $60 million of cash and 10 million shares outstanding. The firm uses $30 million of its cash to pay dividends. If an investor has 1000 shares, how many shares must he sell to create a homemade dividend of $3,900?
FOB Destination
FOB Destination is a shipping term indicating the seller bears the shipping costs and maintains ownership until the goods reach the buyer's location.
Periodic Inventory System
An inventory accounting system where the inventory balance is updated at specific intervals, rather than continuously.
Retained Earnings
The portion of net income that is not distributed to shareholders but is kept by the company to be reinvested in its core business or to pay debt.
Year-end Balance Sheet
A financial statement that reports a company's assets, liabilities, and shareholders' equity at the final day of the financial year.
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