How could they change dividend payments during

Assignment Help Financial Accounting
Reference no: EM13139092

P14-3. Delta Corporation earned $2.50 per share during fiscal year 2008 and paid cash dividends of $1.00 per share. During the fiscal year that just ended on December 31, 2009, Delta earned $3.00 per share, and the firms managers expect to earn this amount per share during fiscal years 2010 and 2011 as well.

a. What was Deltas payout ratio for fiscal year 2008?

b. If Deltas managers wish to follow a constant nominal dividend policy, what dividend per share will they declare for fiscal year 2009?

c. If Deltas managers wish to follow a constant payout ratio dividend policy, what dividend per share will they declare for fiscal year 2010?

d. If Deltas managers wish to follow a partial-adjustment strategy, with a target payout ratio equal to FY 2008s, how could they change dividend payments during 2009, 2010 and 2011?

Reference no: EM13139092

Questions Cloud

Construct confidence interval for the mean monthly rent : Construct a 95% confidence interval for the mean monthly rent of all advertised one-bedroom apartments. A 95% confidence interval for the mean monthly rent is?
Minutes of mixing machine time : Gloddy Company makes three products in a single facility. These products have the following unit product costs: How many minutes of mixing machine time would be required to satisfy demand for all three products.
Music review on evil ways by carlos santana : Latin music is an expression of the cultural diversity and is known for there four basic characteristics its style, cultural background, geography, and language which inspires or is represented in a song.
Calculate kp : Ammonium Carbonate, NH4CO2, decomposes as follows: NH4CO2NH2(s) -> 2NH3(g) + CO2(g) Starting with only the solid, it is found that at 40C the total gas pressure is .363 atm. Calculate Kp.
How could they change dividend payments during : If Deltas managers wish to follow a partial-adjustment strategy, with a target payout ratio equal to FY 2008s, how could they change dividend payments during 2009, 2010 and 2011?
Identify and describe the governmental funds : Identify and describe the Governmental funds and identify the basis of accounting used in accounting for the funds and the financial reports for these activities.
Create the management-research question hierarchy : He asks you to develop a proposal for the study and submit it to him. Develop the management-research question hierarchy that will help you to develop a specific proposal.
What does cisneros mean single daughter : what does cisneros mean when she writes that being an only daughter in a family of six sons? only duaghter
Religious regionalism : Can you explain what exactly is religious regionalism using Southeast Asia as an example.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Prepare journal entries and preparation of balance sheet

Recording Journal Entries and preparation of balance sheet and the post-closing trial balances of two proprietorships on January 1, 2008

  Explain how much of jones fee will the taxpayer recover

Jones’ billing rate for this type of engagement is $500 per hour, the market rate for such services in his city, plus out- of- pocket expenses. Explain how much of Jones’ fee will the taxpayer recover?

  Evaluate the total interest expense for 2010

Evaluate the total interest expense for 2010 and Will the bond proceeds always be less that the face amount of the bonds when the contract rate is less that market rate of interest?

  Evaluate the amount of susan''s gross estate

Evaluate the amount of Susan's gross estate for federal estate tax purposes?

  What is net cash provided by operations

Net income is $132,000, accounts payable increased $10,000 during the year, inventory decreased $6,000 during the year, and accounts receivable increased $12,000 during the year. Under the indirect method, what is net cash provided by operations?

  What is effect on earnings in the year

The fair value of the options, estimated by an appropriate option pricing model, is $4 per option. No forfeitures are anticipated, ignoring taxes, what is effect on earnings in the year after the options are granted to executives?

  Illustrate what formula would you place in cell

Cell C12 contains the cost of goods sold of your company, cell D12 contains the operating expenses of your company, and cell E12 contains the net sales of your company. Illustrate what formula would you place in cell F12 to calculate your company'..

  Marilyn county issues general obligation bonds

The debt will be paid off in 30 equal semiannual installments of $30,000 over 15-year period commencing October 1,2009, with interest of 6 percent per annum on the outstanding debt.

  Compare earnings per share

Southland Industries - Compare Earnings per share (EPS) for the given levels of EBIT

  Evaluate the predetermined overhead rate for august

The company re - computes its predetermined overhead rate every month. Evaluate the predetermined overhead rate for August

  Compute the employer''s total payroll taxes expense

state unemployment taxes on the first $7,000. Compute the employer's total payroll taxes expense for the current pay period.

  Apply breakeven analysis

Activity in your organization where you can apply breakeven analysis. The organizations I chose is Best Buy

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd