Compute the dividend payout ratio

Assignment Help Accounting Basics
Reference no: EM132069712

Question - Delatrinidad Corporation's net income last year was $7,739,000. The dividend on common stock was $12.8 per share and the dividend on preferred stock was $2.9 per share. The market price of common stock at the end of the year was $53.6 per share. Throughout the year, 420,000 shares of common stock and 210,000 shares of preferred stock were outstanding. The dividend payout ratio is closest to?

Reference no: EM132069712

Questions Cloud

Locate the average values : Locate the average values of these values for the restaurant industry and comment on how well or poorly Frank's All-American BarBeQue appears
Discuss about the e-commerce initiatives : Read at least three articles that are no more than 12 months old. Apply the content from the articles to planning electronic commerce initiatives.
How should yahoo react to the french court decisions : How should Yahoo react to the French court's decisions? Implement, fight - if yes where? Why was it even possible for the French court to decide?
Perform your own research on values or experiences : Perform your own research on values or experiences of these populations that may impact work with them. Post a comparison of the cultural values of African.
Compute the dividend payout ratio : Throughout the year, 420,000 shares of common stock and 210,000 shares of preferred stock were outstanding. The dividend payout ratio is closest to
Write a paper that defines and describes emotional : Write a paper that defines and describes emotional intelligence. Additionally, detail the value of EI possession among health care leaders.
Write a memo about the red zuma project : Complete the Red Zuma Project. You will start with your Microsoft Project file. You will need to turn in the Microsoft Project file along with a Memo.
Futures contracts will bank need to cover overall exposure : Approximately how many futures contracts will the bank need to cover its overall exposure?
Discuss the impact of internal and external forces : Discuss the impact of both the identified internal and external forces on the organization's ability to develop a competitive strategy.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Your client receives large volume of its customer cash

you are an auditor on an engagement testing controls over cash receipts. your client receives a large volume of its

  Venture capitalists are wealthy individuals

Venture capitalists are wealthy individuals who provide capital to new companies.

  What is the amount of allowable depreciation

Arnie, a college student, purchased a truck in 2010 for $6,000. What is the amount of allowable depreciation in 2012

  Prepare a schedule of total standard manufacturing costs

Prepare a schedule of total standard manufacturing costs for the 7,800 output units in January 2012. For the month of January 2012, compute the variances

  What is the expected cost to the company

What is the Expected cost to the company for next year and the CFO wants to set a budget amount that we have a confidence level of 85% that we won't go over budget. What figure should be used?

  What are the internal controls that need to be implemented

What documents and information will you need to convert to the computerized system? What are the Internal Controls that need to be implemented?

  Prepare the journal entry harbor will record

Harbor (lessee) signs a five year capital lease for office equipment with a $10,000 annual lease payment. The present value of the five annual lease payments is $41,000, based on a 7% interest rate.

  Compute the actual and budgeted manufacturing overhead rates

Destin Products uses a job-costing system with two direct-cost categories, Compute the actual and budgeted manufacturing overhead rates for 2009

  Freda acquired a passive activity this year for 870000

freda acquired a passive activity this year for 870000. gross income from operations of the activity was 160000.

  Dearman company which has only one product has provided

dearman company which has only one product has provided the following data concerning its most recent month of

  The manager of healthy snack division of mulchan industries

the manager of healthy snack division of mulchan industries is evaluated on her divisions return on investment and

  Different types of capacity constraints

Consider the different types of capacity constraints that might be involved with the business

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd