You are the CFO of a non-dividend paying firm that currently has excess cash reserves. You are preparing for an internal management meeting where dividends are on the agenda. You know that the CEO favors the commencement of a dividend program. You, however, oppose any dividend plan at this time. Write a good argument that you can use in the meeting to support your position.

Answers

Answer 1

The argument that can be used to oppose the dividend plan is that excess reserves can be used in financing positive NPV projects.

It should be noted that the excess reserves can increase the firm's value and the shareholders value.

Also, it should be noted that the shareholders are not required to pay any tax on an increase in their share value while the dividend payment results in tax payment.

In conclusion, the excess reserves can be used in generating further income for the company.

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Related Questions

5y+4x=10.51 8y+3x=10.39

Answers

Answer:

  (x, y) = (1.89, 0.59)

Step-by-step explanation:

Written in general form, the equations are ...

  4x +5y -10.51 = 0

  3x +8y -10.39 = 0

These can be solved using the cross-multiplication method to find ...

  ∆1 = (4)(8) -(3)(5) = 17

  ∆2 = (5)(-10.39) -(8)(-10.51) = 32.13

  ∆3 = (-10.51)(3) -(-10.39)(4) = 10.03

Then the values of the variables are ...

  x = ∆2/∆1 = 32.13/17 = 1.89

  y = ∆3/∆1 = 10.03/17 = 0.59

The solution is (x, y) = (1.89, 0.59).

check the picture and youll know.

Answers

Answer:

24

Step-by-step explanation:

18/3/4. 18 divided by 3/4 is 18x4/3 which is 72/3=24

24 I think sorry i’m not really good at this

4. Does the scatterplot have positive correlation, negative correlation, or no correlation?
Negative correlation
Positive correlation
No correlation

Answers

Answer:

Negative Correlation

Step-by-step explanation:

The plot looks like it's going downwards. If it was an equation, it'd be something with y = -x +b.

220 m in 20 s

What is the unit rate?​

Answers

Answer:

m/s ...................................

Find the LCM of 8, 4 and 6.​

Answers

Answer:

Answer: LCM of 4, 6, and 8 is 24.

Answer:

24

Step-by-step explanation:

8 → 8, 16, 24, 32, 40

4 → 4, 8, 12, 16, 20, 24, 28, 32, 36

6 → 6, 12, 18, 24, 30, 36

----------------------------------

So the LCM is 24.

-----------------------------------

- Hope it helps!

- Have a good day!

what's the points distance I need help!​

Answers

Answer:

Step-by-step explanation:

3.6

solve the following methods

Answers

don't know when you find out tell me

A fishbowl has a capacity of 192 fluid ounces. How many quarts is that?

Answers

Answer:

hope this helps

Step-by-step explanation:

192 fl oz. = 6 quarts

to get this you divide the fluid ounces by 32.

What type of triangle is this?
5
7
8
acute
obtuse

Answers

Answer:

Acute

Step-by-step explanation:

The triangle is is acute

A recent study revealed the typical American coffee drinker consumes an average of 3.1 cups per day. A sample of 12 senior citizens revealed they consumed the following amounts of coffee, reported in cups, yesterday.
3.1, 3.3 ,3.5 ,2.6, 2.6, 4.3, 4.4 ,3.8 ,3.1 ,4.1 ,3.1, 3.2
(a) State the null hypothesis and the alternate hypothesis. (Round your answers to 1 decimal place.)
(b) State the decision rule for 0.05 significance level. (Negative amounts should be indicated by a minus sign. Round your answers to 3 decimal places.)
(c) Compute the value of the test statistic. (Round your answer to 3 decimal places.)
(d) Do these sample data suggest there is a difference between the national average and the sample mean of the senior citizens?

Answers

Using the t-distribution, it is found that:

a)

The null hypothesis is [tex]H_0: \mu = 3.1[/tex]

The alternative hypothesis is [tex]H_1: \mu \neq 3.1[/tex]

b)

|t| < 2.201: Do not reject the null hypothesis.|t| > 2.201: Reject the null hypothesis.

c) t = 1.853

d) Since |t| = 1.853 < 2.2, we do not reject the null hypothesis, that is, the sample data does not suggest that there is a difference between the national average and the sample mean of the senior citizens.

Item a:

At the null hypothesis, it is tested if the estimate of 3.1 cups per day is correct, that is:

[tex]H_0: \mu = 3.1[/tex]

At the alternative hypothesis, it is tested if the estimate is not correct, that is:

[tex]H_1: \mu \neq 3.1[/tex]

Item b:

This is a two-tailed test, as we are testing if the mean is different of a value, with 12 - 1 = 11 df and a significance level of 0.05,  hence, the critical value is [tex]t^{\ast} = 2.2[/tex].

Then, the decision rule is:

|t| < 2.201: Do not reject the null hypothesis.|t| > 2.201: Reject the null hypothesis.

Item c:

We can find the standard deviation for the sample, hence, the t-distribution is used.

The test statistic is given by:

[tex]t = \frac{\overline{x} - \mu}{\frac{s}{\sqrt{n}}}[/tex]

The parameters are:

[tex]\overline{x}[/tex] is the sample mean. [tex]\mu[/tex] is the value tested at the null hypothesis. s is the standard deviation of the sample. n is the sample size.

The values of the parameters, with the help of a calculator for the sample mean and standard deviation, are given by: [tex]\overline{x} = 3.425, \mu = 3.1, s = 0.6077, n = 12[/tex]

Hence, the value of the test statistic is:

[tex]t = \frac{\overline{x} - \mu}{\frac{s}{\sqrt{n}}}[/tex]

[tex]t = \frac{3.425 - 3.1}{\frac{0.6077}{\sqrt{12}}}[/tex]

[tex]t = 1.853[/tex]

Item d:

Since |t| = 1.853 < 2.2, we do not reject the null hypothesis, that is, the sample data does not suggest that there is a difference between the national average and the sample mean of the senior citizens.

A similar problem is given at https://brainly.com/question/24826023

What is the product?

Answers

it tells you the answer..

The product of matries [tex]\left[\begin{array}{cc}5&-2\\-6&2\end{array}\right][/tex]  and [tex]\left[\begin{array}{c}-1\\-1\end{array}\right][/tex]is option c. [tex]\left[\begin{array}{c}-3\\4\end{array}\right].[/tex] By perform matrix multiplication of 2x2 matrix with 2x1 matrix.

Given the matrices:

[tex]A = \left[\begin{array}{cc}5&-2\\-6&5\end{array}\right][/tex]

[tex]B = \left[\begin{array}{c}-1\\-1\end{array}\right][/tex]

To find the product, perform matrix multiplication.

Using the given matrices, the multiplication can be done as follows:

[tex]\left[\begin{array}{cc}5&-2\\-6&2\end{array}\right] \times \left[\begin{array}{c}-1\\-1\end{array}\right][/tex]

Multiply each element in the corresponding row of the first matrix by the corresponding column of the second matrix and summing the products.

[tex]=\left[\begin{array}{cc}(5\times-1)+(-2\times-1)\\(-6\times-1)+(2\times-1)\end{array}\right][/tex]

On multiplying the term in brackets gives:

[tex]=\left[\begin{array}{cc}-5+2\\6-2\end{array}\right][/tex]

On performing the algebraic sum gives:

[tex]=\left[\begin{array}{cc}-3\\4\end{array}\right][/tex]

Therefore, the product of the matrices is [tex]\left[\begin{array}{cc}-3\\4\end{array}\right].[/tex]

Matrix multiplication is an important operation in linear algebra and has applications in various fields, including physics, computer science, and engineering.

It allows us to perform transformations, solve systems of equations, and represent linear relationships between variables.

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If 3 Superscript 2 x 1 Baseline = 3 Superscript x 5, what is the value of x? 2 3 4 6.

Answers

The value of x that will make the expression equal is 4. Option B is correct.

Given the indices expression;

[tex]3^{2x+1} = 3^{x+5}[/tex]

Since the base values are the same, they will cancel out to have:

[tex]2x + 1 = x + 5[/tex]

Collect the like terms:

[tex]2x - x = 5 - 1\\x = 4\\[/tex]

Hence the value of x that will make the expression equal is 4

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Answer:

the correct option is C which is 4

Step-by-step explanation:

jesus loves you!!!!!!!!!

In which of the following numbers does the digit 2 represent tens? *
2517
342
720
518.2

Answers

Answer:

  720

Step-by-step explanation:

The digit 2 is the second digit left of the decimal point in the number ...

  720

_____

2517 --- 2 is in the thousands place

342 --- 2 is in the ones place

720 --- 2 is in the tens place

518.2 --- 2 is in the tenths place

Can i please have help with this question brainliest for corecct answer

Answers

answer is D

graduent should be m¹×m²=-1

and should be the inverse of the other

Find the slope of the line that passes through (84, 7) and (85, -25). Simplify your answer and write it as a proper fraction, improper fraction, or integer.​

Answers

Answer: The slope is -32

Explanation:

Start with the slope formula:

m= (y2 - y1) / (x2 - x1)

Substitute point values in the formula

m = (-25 - 7) / (85 - 84)

Simplify each side of the equation

m= (-25 - 7) / (85 - 84) = -32/1

Solve for slope (m)

m= -32

If f(x) = 9(x - 7)^2 – 8
Find f( – 4)

Answers

Answer:

1,081

[tex]f( - 4) = 9( - 4 - 7) {}^{2} - 8 \\ f( - 4) = 9( - 11 {)}^{2} - 8 \\ f( - 4) = 1081[/tex]

43. Write a system of equations that is equivalent to each of the systems of equations below
2x + 3y = 4
12x+3y=1


X-7y=8
5x+4y=20

Answers

1.

The new system of equivalent equations are 4x + 6y = 8 and 12x + 3y = 1

To get an equivalent equation, we multiply the original equation by a constant and replace it with the new equation.

So, 2x + 3y = 4 (1)

12x + 3y = 1 (2)

We multiply equation (1) by 2

So, 2x + 3y = 4 (1) × 2

⇒4x + 6y = 8 (3)

Replacing (1) by (3), we have

4x + 6y = 8 (3)

12x + 3y = 1 (2)

So, the new system of equivalent equations are 4x + 6y = 8 and 12x + 3y = 1.

2.

The new system of equivalent equations are 3x - 21y = 24 and 5x + 4y = 20

To get an equivalent equation, we multiply the original equation by a constant and replace it with the new equation.

So,

x - 7y = 8  (1)

5x + 4y = 20 (2)

We multiply equation (1) by 3, we have

So, x - 7y = 8 (1) × 3

⇒3x - 21y = 24 (3)

Replacing (1) by (3), we have

3x - 21y = 24 (3)

5x + 4y = 20 (2)

So, the new system of equivalent equations are 3x - 21y = 24 and 5x + 4y = 20.

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Solve the system of equations -6x+5y=0 and −5x+5y=−5 by combining the equations.

Answers

Answer:

Step-by-step explanation:

-6x+5y=0 and −5x+5y=−5

Subtract the second from the first:

-6x+5y=0

5x-5y= 5

-x = 5

x = -5

Urgent!
<6 and what angle are corresponding angles?

Answers

Answer:

11

Step-by-step explanation:

Corresponding angles are the angles which are formed in matching corners or corresponding corners with the transversal when two parallel lines are intersected by any other line (i.e. the transversal).

If x = 1 and y = 2 is a solution to the simultaneous equation ax + by = 2 and bx + a^(2)y = 10, find the possible values of a and b.

Answers

Answer:

a = - 2, [tex]\frac{9}{4}[/tex] , b = 2, - [tex]\frac{1}{8}[/tex]

Step-by-step explanation:

Since x = 1, y = 2 is a solution to the equations , then substitute these values into the 2 equations and solve for a and b

a + 2b = 2 → (1)

b + 2a² = 10 → (2)

In (1) subtract 2b from both sides

a = 2 - 2b → (3)

Substitute a = 2 - 2b into (2)

b + 2(2 - 2b)² = 10 ← expand parenthesis using FOIL

b + 2(4 - 8b + 4b²) = 10 ( simplify left side )

b + 8 - 16b + 8b² = 10 ( subtract 10 from both sides )

8b² - 15b - 2 = 0

Consider the factors of the product of the coefficient of the b² term and the constant term which sum to give the coefficient of the b- term

product = 8 × - 2 = - 16 and sum = - 15

The factors are - 16 and + 1

Use these factors to split the b- term

8b² - 16b + b - 2 = 0 ( factor first/second and third/fourth terms )

8b(b - 2) + 1(b - 2) = 0 ← factor out (b - 2) from each term

(b - 2)(8b + 1) = 0

Equate each factor to zero and solve for b

b - 2 = 0 ⇒ b = 2

8b + 1 = 0 ⇒ 8b = - 1 ⇒ b = - [tex]\frac{1}{8}[/tex]

Substitute these values into (3) and evaluate for a

b = 2 ⇒ a = 2 - 2(2) = 2 - 4 = - 2

b = - [tex]\frac{1}{8}[/tex] ⇒ a = 2 - 2(- [tex]\frac{1}{8}[/tex] ) = 2 + [tex]\frac{1}{4}[/tex] = 2 [tex]\frac{1}{4}[/tex] = [tex]\frac{9}{4}[/tex]

The possible values of a and b are 8, -3 or 9/4 , -1/8 respectively.

What is an equation ?

An equation is a combination of different variables, in which two mathematical expressions are equal to each other.

The given equations are,

ax + by = 2            (1)

and bx + a²y = 10        (2)

Also, x = 1 and y = 2 are the solution of the equation,

Substitute x = 1 and y = 2in equation (1),

a(1) + b(2) = 2

a + 2b = 2       (3)

Further substitute x = 1 and y = 2 in equation (2),

b(1) + a²(2)  = 10  

2a² + b = 10         (4)

By solving equation (3) and (4),

The possible values of a are 8 and 9/4.

And possible value of b are -3 and -1/8.

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Which account option is more convenient for frequent check or debit card withdrawals and purchases but gains no interest?
A. Checking
B. Certificate of deposit
C. Savings
D. Money market

Answers

The best account if one plans to make frequent withdrawals via check or debit card is A. Checking account

Checking accounts:

Are the least interest bearing accounts Allow for frequent withdrawals using a check or debt card Charge lower fees

Checking accounts are best when a person wants easy access to their money because they can get to it via checks or debit cards. The drawback however, is that interest on these accounts are low.

In conclusion, option A is correct.

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Solve for x
3x+7=28

Answers

Answer:

X=7

Step-by-step explanation:

Answer:

x = 7

Step-by-step explanation:

3x + 7 = 28=> 3x = 28 - 7=> 3x = 21=> x = 7

Conclusion:

Therefore

x = 7.

Hoped this helped.

[tex]GeniusUser[/tex]

What is:
9e−7=7e−11
Show Work

Answers

Answer: -2

Step-by-step explanation:

9e-7=7e-11

-7e         -7e

2e-7=-11

   +7  +7

2e=-4

/2   /2

e=-2

Solve each equation.

1) | 2x - 4 | = 10

2) -5 | -4x + 4 | - 7 = -67

Show all work please :D

Answers

[tex](1)\\\\|2x-4| =10\\\\\implies 2x-4 = 10~~ \text{or}~~ 2x -4 = -10\\\\\implies x = \dfrac{14}2 = 7 ~~\text{or}~~ x = -\dfrac{6}2=-3\\\\\\(2)\\\\-5|-4x+4|-7 = -67\\\\\implies -5|-4x+4| = -67 +7 = -60\\\\\implies |-4(x-1)| = \dfrac{-60}{-5}=12\\\\\implies 4|x-1| = 12\\\\\implies |x-1| =\dfrac{12}4 = 3\\\\\implies x-1 = -3~~\text{or}~~ x-1=3\\\\\implies x = -2~~ \text{or}~~ x = 4[/tex]

Estimate the amount of the tip by rounding the bill to the nearest dollar before calculating.
20% tip on a bill of $67.46

Answers

$10.90 + $6.89+ n jajshehhe

4d-6=-14+5d
NEED HELP ASAP

Answers

Answer:

Hewo There!!!

____________________

Isolate the variable by dividing each side by factors that don't contain the variable.

d = 8

____________________

“Darkness cannot drive out darkness: only light can do that. Hate cannot drive out hate: only love can do that.”

― Martin Luther King Jr., A Testament of Hope: The Essential Writings and Speeches

_______________________

Think of life as a mytery because well it sort of is! You don't know what may happen may be good or bad but be a little curious and get ready for whatever comes your way!! ~Ashlynn

tell me if right plz

Answers

Answer:

yes

Step-by-step explanation:

Can anyone help me please?

Answers

Answer:

ñññ

Step-by-step explanation:

Krutika is 11 years older than Gordon. Pip is 12 years younger than Gordon. If the total of their ages is 77, how old is the youngest of them?

Answers

Answer:

14

Step-by-step explanation:

brainlyest, plus 5 points
PLEASE STEP BY STEP
Evaluate x/2+5y-1.5 when x = 10 and y = 8

Answers

Answer:

43.5

Step-by-step explanation:

x/2+5y-1.5

10/2+5×8-1.5

5+40-1.5

5+38.5

=43.5

Answer:

43.5

Step-by-step explanation:

x ÷ 2 + 5y - 1.5

Start by replacing the x's and y's

10 ÷ 2 + (5 · 8) - 1.5

Start with parenthesis

10 ÷ 2 + 40 - 1.5

Then do the division

5 + 40 - 1.5

Then go left to right

45 - 1.5

43.5

I hope this helps!!!

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