Consider the following simplified financial statements for YOLO Inc., *This is assuming there are no...
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Accounting
| Consider the following simplified financial statements for YOLO Inc., *This is assuming there are no income taxes: |
| Income Statement | Balance Sheet | ||||
| Sales | $28,000 | Assets | $10,500 | Debt | $4,700 |
| Costs | 13,400 | Equity | 5,800 | ||
| Net income | $14,600 | Total | $10,500 | Total | $10,500 |
| Phillips has predicted a sales increase of 8%. It has predicted that every item on the balance sheet will increase by 8% also. |
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| Calculate the dividend paid. (Do not round your intermediate calculations.) |
Please choose one option from the provided bank below:
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$15,281
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$24,328
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$15,285
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$15,290
-
$15,304
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