What is the amount of the dividends paid for the year

Assignment Help Financial Management

Reference no: EM131571680

For the year, Uptowne Furniture had sales of $818,790, costs of $748,330, and interest paid of $24,450. The depreciation expense was $56,100 and the tax rate was 34 percent. At the beginning of the year, the firm had retained earnings of $172,270 and common stock of $260,000. At the end of the year, retained earnings was $158,713 and common stock was $280,000. Any tax losses can be used. What is the amount of the dividends paid for the year?

A. $6,466

B. $7,566

C. $5,266

D. $6,898

E. $7,066

Reference no: EM131571680

Questions Cloud

Evaluate different approaches to implementing quality system : Explain perspectives that stakeholders in health and social care have regarding quality - Explain the standards that exist in health and social care

Difference in growth between the and rates : Briefly describe the analysisthat you have performed and explain the effect of compound interest. Describewhat the growth rate of the money over.

Should plaintiff be able to sue for punitive damages : Should plaintiff be able to sue for punitive damages? Should all persons be able to claim punitive damages once one person has been awarded punitive damages?

What are portfolio weights of each stock : what are portfolio weights of each stock

What is the amount of the dividends paid for the year : What is the amount of the dividends paid for the year?

What are your feelings about employee evaluation : If you have been involved in employee evaluation (360 or otherwise) what are your feelings about it? If you have not, imaging your feelings.

New york stock exchange or nasdaq market : Select a health care organization that represents either a health care product, service, or company that is publically traded.

Review the effects of workplace violence on victims : Review the effects of workplace violence on victims. Outline the essential steps involved in instituting a violence-control program

Find ways for the student to choose sandwiches : Every day a student randomly chooses a sandwich for lunch from a pile of wrapped sandwiches.

User Account

All Pages