A firm has $300 million of assets that includes $60 million of cash and 10 million shares outstanding. The firm uses $30 million of its cash to pay dividends
If an investor has 1000 shares, how many shares must he sell to create a homemade dividend of $3,900?
A) 33.33 shares
B) 26.67 shares
C) 40.00 shares
D) 46.67 shares
Answer: A
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The City of Maysville's General Fund balance sheet for its December 31, 2013 year end shows inventory of $28,000 and prepaid rent of $10,000
The city also had $60,000 of outstanding encumbrances related to unassigned resources in its General Fund at year-end. In December 2013, a grantor provided the City with $42,000 that must be used to pay musicians who perform in the city's series of summer concerts in the park during 2014 . How much should the city report as assigned fund balance in its General Fund on December 31, 2013? a. $28,000 b. $38,000 c. $42,000 d. $60,000 e. $98,000
Most capital budgeting techniques focus on cash flows
Indicate whether the statement is true or false