Ferris Corporation is considering their dividend policy for this year. They are projecting $6.75 million in profit. Given the proforma balance sheet below, what is the Ferris Corporation planning to pay in dividends this year? Proforma Last Year ($M). This Year ($M) Cash $12 $16 A/R 6 8 Inventory 7 9 Plant & Equip 22 22 Acc Deprec (10) (12) Total Assets 37 43 A/P 5 6 Current Debt 2 2 Long-Term Debt 11 11 Common Stock 7 9 Retained Earnings 12 15 Total Liab & Equity 37 43 a. $3.0 M
b. $2.0 M
c. $3.75 M
d. $2.75 M
e. None of the above.

You are in the market for a new refrigerator for your company’s lounge, and you have narrowed the search down to two models. the energy efficient model sells for $700 and will save you $45 at the end of each of the next five years in electricity costs. the standard model has features similar to the energy efficient model but provides no future saving in electricity costs. it is priced at only $500. assuming your opportunity cost of funds is 6 percent, which refrigerator should you purchase

Gyou are in charge of making the work schedule for the next two weeks. typically this is not a difficult task as you work at a routine 8am – 5pm company. however, over the next two weeks you are required to schedule someone to be in the office each saturday. after contemplating this for a few days you make the schedule and assignments. before posting the schedule for everyone you decide that it is a good idea to meet personally with the two people you have scheduled to work the weekend. what do you say to them? what is your desired outcome?

How are credit unions similar to banks