Southland Tours has net income of $2 million this year. The book value of Southland Tours
common equity is $8 million dollars. The company's dividend payout ratio is 60% and is expected
to remain this way.
What is Southland Tours' internal growth rate?
A) 15% B) 10% C) 6% D) 9%
B
Business
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The Retained Earnings account has a credit balance of $17,000 before closing entries are made. If total revenues for the period are $55,200, total expenses are $39,800, and dividends are $9,000, what is the ending balance in the Retained Earnings account after all closing entries are made?
A) $23,400. B) $15,400. C) $32,400. D) $17,000. E) $32,400.
Business
Diffusion transfer requires the use of a special type of light
Indicate whether the statement is true or false.
Business