Maxwell Tech Inc. had $200,000 in revenue and $50,000 in costs. Assuming no other income or expenses, what is the dividend per share if the company has a 40% payout ratio and 15,000 shares outstanding?

Maxwell Tech Inc. had $200,000 in revenue and $50,000 in costs. Assuming no other income or expenses, what is the dividend per share if the company has a 40% payout ratio and 15,000 shares outstanding?

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter6: Accounting For Financial Management

Section: Chapter Questions

Problem 10P: The Moore Corporation has operating income (EBIT) of 750,000. The companys depreciation expense is...

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Can you explain the steps for solving this General accounting question accurately?

Maxwell Tech Inc. had $200,000 in revenue and $50,000 in costs.
Assuming no other income or expenses, what is the dividend per
share if the company has a 40% payout ratio and 15,000 shares
outstanding?

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