New math** Assume currently Net income of AJX Group is $20,000, Dividend paid $4000, Retained...
50.1K
Verified Solution
Link Copied!
Question
Accounting
New math** Assume currently Net income of AJX Group is $20,000, Dividend paid $4000, Retained earning amount in current balance sheet is $16,000. Firm follows constant dividend ratio. Next year Net Income would be 1.5 times higher than current net income. Calculate expected Dividend amount and expected total Retained earning amount in the balance sheet.
4 points
Your answer
New math** Total sales of AFM group is $ 80,000 and variable cost is $10,000, fixed cost $ 20,000 and 30% of total asset financed with 10% debt. Total asset turnover 2.5 times and common stock at $10 per share. Tax rate 30%. Calculate Interest amount and number of share common share.
4 points
Your answer
Calculate Degree of Operating Leverage of AFM Group. (Note: Result must be in TWO one decimal point, example: 2.8)
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
