The world’s Largest Sharp Brain Virtual Experts Marketplace Just a click Away
Levels Tought:
University
| Teaching Since: | Apr 2017 |
| Last Sign in: | 438 Weeks Ago, 4 Days Ago |
| Questions Answered: | 9562 |
| Tutorials Posted: | 9559 |
bachelor in business administration
Polytechnic State University Sanluis
Jan-2006 - Nov-2010
CPA
Polytechnic State University
Jan-2012 - Nov-2016
Professor
Harvard Square Academy (HS2)
Mar-2012 - Present
In 2015, Seaworthy Dingy’s earnings are expected to be $14.4 million, and the firm expects to have profitable investment opportunities of $8.4 million. Last year, the company paid dividends equal to $9 million. It is predicted that Seaworthy will grow at a constant 5 percent in the future. What will be Seaworthy’s total dividends for 2015 if it follows (a) a policy that requires dividends to grow at the long-run growth rate in earnings and (b) a pure residual dividend policy. Seaworthy’s target debt/assets ratio is 40 percent.
Â
 E-----------xpe-----------cte-----------d e-----------arn-----------ing-----------s =----------- $1-----------4.4----------- mi-----------lli-----------on -----------Exp-----------ect-----------ed -----------inv-----------est-----------men-----------t o-----------ppo-----------rtu-----------nit-----------ies----------- = -----------$8.-----------4 m-----------ill-----------ion----------- La-----------st -----------yea-----------r d-----------ivi-----------den-----------ds,----------- D0----------- = -----------$9 -----------mil-----------lio-----------n L-----------ong----------- te-----------rm -----------gro-----------wth----------- ra-----------te,----------- g -----------= 5-----------%