Residual dividend policy as president of young’s of california, a large clothing chain, you have just received a letter from a major stockholder. the stockholder asks about the company’s dividend policy. in fact, the stockholder has asked you to estimate the amount of the dividend that you are likely to pay next year. you have not yet collected all the information about the expected dividend payment, but you do know the following: (1) the company follows a residual dividend policy. (2) the total capital budget for next year is likely to be one of three amounts, depending on the results of capital budgeting studies that are currently un- der way. the capital expenditure amounts are $2 million, $3 million, and $4 million. (3) the forecasted level of potential retained earnings next year is $2 million. (4) the target or optimal capital structure is a debt ratio of 40%.

answer: nobody

explanation:

muslims control the north africa during the period of 1500 up

to 1800. they made a barrier to prevent further european exploration from

entering the africa from the north. however, the dutch ware still able to move

toward the interior with having south africa as one of the routes leading to

the east for trading with asia.

answernaturalistic observation;

the answer is "b.the increased supply will create a surplus. "

the essential thought behind price controls is straightforward - utilize the power of law to modify the equilibrium of a market. for instance, the legislature may choose that the steel business needs to survive, and in this way pass a law to set a value floor on steel. this implies all steel sold must offer at or over the floor value, which must be set over the equilibrium cost for it to have any impact. the switch could likewise happen - the administration can choose that steel is excessively costly and set a value roof underneath its equilibrium value, with the goal that all steel must be sold at or beneath that ceiling.