Answer: The dividend payout ratio is 46.19%.
We follow these steps in order to arrive at the answer:
We begin with the DuPont identity of RoE.
<u>DuPont Identity:</u>
Now,
And Debt Ratio is also expressed as:
where D/E represents the Debt-Equity Ratio.
Substituting the value of D/E ratio from the question in the debt ratio formula above we get,
----(1)
Substituting (1) in the equity multiplier formula above we get,
Substituting Equity Multiplier from above and the relevant numbers from the question in the DuPont identity we get,
The relationship between RoE and earnings growth rate g is given by the following formula:
, where p is the dividend payout ratio.
Plugging in the values in the formula above we get,
p = 0.461988304 or 46.19%
Based on the given transactions in July, the journal entry to record the payment of rent on July 31st is:
Date Account Title Debit Credit
July 31st Rent expense $3,000
Prepaid Expenses - Rent expense $3,000
<h3>How to write the journal entry for prepaid expenses?</h3>
Accounting uses the accrual basis which means that expenses are only recognized when they have been incurred and not when they are paid for. If you paid $40,000 for rent and yet your monthly rent is $5,000, only the $5,000 will be recognized as rental expense. The rest of the money is treated as a prepaid expense.
When another month elapses, then the other amount of rent can be recognized as is the case here. The month ended on July 31st and there was a need to record rental expense and so it was recorded at the rent expense of $3,000.
The journal entry would therefore show Rent Expense account is debited and the Prepaid Expenses account is credited to show it is reducing.
Full question is:
Record the journal entry to represent the payment of rent.
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Those would be unions I believe
According to most economists, every society has to answer three basic questions.
What should we produce?
How should we produce it?
For whom should we produce it?
A society is a group of individuals engaged in ongoing social interaction, or a large social group, sharing the same spatial or social realm and usually having the same political authority and common cultural expectations. subject to
What exactly is a company? In sociological terms, a society describes a group of people who live in a definable region and share the same culture. In a broader sense, society is made up of the people and institutions around us, our shared beliefs and our cultural imagination.
Society is defined as a group of people living as a community or group of people organized for a common purpose
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A tax imposed on the sellers of a good will lower the effective price received by sellers and lower the equilibrium quantity.
<h3><u>
Explanation:
</u></h3>
A contribution that is given to the state for increasing the revenue refers to tax. The tax amounts are decided by the government. This will be based on the income of an individual and some of the cot that is added to the goods and services.Tax will be imposed on buyers and also the sellers of specific goods and services.
Price determines the equilibrium quantity of any products or services. When the price of any product increases it will affect the supply and demand of those products or services. The tax imposed on the sellers will reduce the effective price received by sellers and lower the equilibrium quantity.
