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NEW QUESTION: 1
Brock Brothers wants to maintain its capital structure, which is 30 percent debt, and 70 percent equity. The company forecasts that its net income this year will be $1,000,000. The company follows a residual dividend policy, and anticipates a dividend payout ratio of 40 percent. What is the size of the company's capital budget?
A. $1,428,571
B. $600,000
C. $1,000,000
D. $2,000,000
E. $857,143
Answer: E
Explanation:
Explanation/Reference:
Explanation:
Since the company expects to pay out 40% of net income or $400,000, it must expect to have $600,000 of retained earnings available for capital investment. Given that the firm will finance new investment with 70% equity and 30% debt, $600,000 must represent 70% of the firm's capital budget, that is, $600,000 = (0.7) CB or CB = $857,143.

NEW QUESTION: 2

A. Option A
B. Option D
C. Option B
D. Option C
Answer: A

NEW QUESTION: 3
You are developing an application by using C#.
You have the following requirements:
* Support 32-bit and 64-bit system configurations.
* Include pre-processor directives that are specific to the system configuration.
* Deploy an application version that includes both system configurations to testers.
* Ensure that stack traces include accurate line numbers.
You need to configure the project to avoid changing individual configuration settings every time you deploy the application to testers.
Which two actions should you perform? (Each correct answer presents part of the solution.
Choose two.)
A. Update the platform target and conditional compilation symbols for each application configuration.
B. Create two application configurations based on the default Release configuration.
C. Optimize the application through address rebasing in the 64-bit configuration.
D. Create two application configurations based on the default Debug configuration.
Answer: B,D