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JimGyms Has the Following Quarterly Earnings Projections

Question 134

Multiple Choice

JimGyms has the following quarterly earnings projections. The company retains 60% of its earnings and follows a stable dividend policy each year. What is the dividend for the 2ndquarter? JimGyms has the following quarterly earnings projections. The company retains 60% of its earnings and follows a stable dividend policy each year. What is the dividend for the 2<sup>nd</sup>quarter?   A)  $220,000 B)  $260,000 C)  $300,000 D)  $320,000 E)  $400,000


A) $220,000
B) $260,000
C) $300,000
D) $320,000
E) $400,000

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