Phillips Rock and Mud is trying to determine the maximum amount of cash dividends it can pay this year. Assume its balance sheet is as follows: Assets Cash $ 354,000 Accounts receivable 864,000 Fixed assets 1,049,000 Total assets $ 2,267,000 Liabilities and Stockholders' Equity Accounts payable $ 475,000 Long term payable 312,000 Common stock (280,000 shares at $1 par) 280,000 Retained earnings 1,200,000 Total liabilities and stockholders' equity $ 2,267,000 a-1. From a legal perspective, what is the maximum amount of dividends per share the firm could pay

88 because 4 plus 4 equals 8. 40 plus 40 equals 80. 80 plus 8 equals 88

answer; is usually (less than) the socially optimal level of consumption;

answer(b) equal; set period;

two years ago, when picking flowers in the mountains back of yosemite valley, i found a book. it was blotted and storm-beaten; all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however; many of the inner pages were well preserved. and although all were more or less stained and torn, whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today; its granite pages have been torn and blurred by the same storms that wasted the castaway book.

two years ago, when picking flowers in the mountains back of yosemite valley; i found a book. it was blotted and storm-beaten, all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however, many of the inner pages were well preserved. and although all were more or less stained and torn; whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today, its granite pages have been torn and blurred by the same storms that wasted the castaway book.