Projected increase in retained earnings, Accounting Basics

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Projected increase in retained earnings

Problem:

Bobbi's Bagel Emporium expects sales of $490,000 next year. The profit margin is 6.0 percent and the firm has a 30 percent dividend payout ratio.

Required:

Question: What is the projected increase in retained earnings?

Note: Show supporting computations in good form.

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Accounting Basics: Projected increase in retained earnings

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Accounting Basics: Projected increase in retained earnings

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