What will be the projected balance in retained earnings

Reference no: EM13290206

Twine Enterprises reported sales of 3 million and net income of 400000 for 2010. The retained earnins balance at the end of 2010 is 7 million. Twine enterprises has a dividend payout ratio of 30%. If sales are expected to increase by 25% next year, what will be the projected balance in retained earnings using the percent of sales method?

A)8.75 million
B)7.28 million
C)7.35 million
D)6.72 million

Reference no: EM13290206

Questions Cloud

Write an r function that can be used to produce graph : Write an R function that can be used to produce this kind of graph - It is important that you make the function exible by providing optional arguments that control how the function behaves.

What is the effective annual cost of credit : Shortly after signing the agreement Stuart needed 240000 to pay off a note that was due. It borrowed the 240000 from the bank by drawing a line of credit. What is the effective annual cost of credit?

Determine power factor of total load connected to the bus : A single phase 4,800

Describe oxidation-reduction reactions : Identify which of the following are oxidation-reduction reactions, and if they are, identify the oxidizing agent, the reducing agent, the substance being oxidized, and the substance being reduced.

What will be the projected balance in retained earnings : If sales are expected to increase by 25% next year, what will be the projected balance in retained earnings using the percent of sales method?

Find the value of the capacitor that needs to be connected : A 10kW 220-V single-phase motor is operating at 0.7 lagging power factor. Find the value of the capacitor that needs to be connected in parallel with the motor , if the power factor is to be improved to 0.95 lagging.

Evaluate moles of alloxanic acid dissolved : Alloxanic acid(C4H4N2O5,6.40g,),sodium alloxanate(5.46g) were dissolved in 250.0mL of water. Calculate moles of alloxanic acid dissolved.

What is your total percentage return on this investment : One year ago, you purchased 500 shares of Best Wings, Inc. stock for $4,800. The company pays an annual dividend of $.10 per share. Today, you sold all of your shares for $7,800. What is your total percentage return on this investment? please show..

What mass of glucose in kg would be required to provide : At the end of 2009, global population was about 6.8 billion people. What mass of glucose in kg would be needed to provide 1200 Cal/person/day of nourishment to the global population for one year

User Account

All Pages