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Matt Kifer, president of Kifer Corporation, believes that it is a good practice for a company to maintain a constant payout of dividends relative to its earnings. Last year net income was $639,000, and the corporation paid $138,900 in dividends. This year, due to some unusual circumstances, the corporation had income of $1,604,700. Matt expects next year's net income to be about $761,000.
What was Kifer Corporation's payout ratio last year?give as a percentage.If it is to maintain the same payout ratio, what amount of dividends would it pay this year?
can you help me to answer these question? ltbrgtmy due date is on 1492014 so can you answer it quickly for me pls?
Discuss how the concepts of this course can be applied to your current or future work position. Discuss whether or not you feel adequately prepared to enter the accounting profession as a Certified Public Accountant.
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