Helmuth Inc's Latest Net Income Was $1,410,000,and It Had 225,000

question 24

Multiple Choice

Helmuth Inc's latest net income was $1,410,000,and it had 225,000 shares outstanding.The company wants to pay out 45% of its income.What dividend per share should it declare? Do not round your intermediate calculations.

• A) $3.13
• B) $2.96
• C) $2.37
• D) $2.45
• E) $2.82

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Definitions:

Probable Cause

A reasonable basis for believing that a crime may have been committed, used as a standard by law enforcement to make arrests and obtain search warrants.

Search Warrant

A court order that authorizes law enforcement agents to search for or seize items specifically described in the warrant.

Government Agents

Individuals who are employed or authorized by the government to act on its behalf in various capacities and tasks.

Eighth Amendment

Part of the United States Constitution that prohibits excessive bail, fines, and cruel and unusual punishment.