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    CeeCee53's Avatar
    CeeCee53 Posts: 7, Reputation: 1
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    #1

    Nov 12, 2011, 02:22 PM
    Last year the Bulls Business Bureau (BBB) retained $400,000 of the $1 million net inc
    Last year the Bulls Business Bureau (BBB) retained $400,000 of the $1 million net income it generated. This year BBB generated net income equal to $1.2 million. If BBB follows the constant payout ratio dividend policy, how much should be paid in dividends this year?
    JudyKayTee's Avatar
    JudyKayTee Posts: 46,503, Reputation: 4600
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    #2

    Nov 12, 2011, 02:39 PM
    We don't do homework BUT if you post what you THINK the answer is as well as how you got there someone will correct you.
    CeeCee53's Avatar
    CeeCee53 Posts: 7, Reputation: 1
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    #3

    Nov 12, 2011, 03:28 PM
    On this question I'm not sure I am on the right track since I don't have the outstanding shares can you tell me if I'm on the right track figuring it this way.
    1,000,000 - 400,000 = 600,000 (.60) = 360,000
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