Hans bramble, president of bramble corp., believes that it is a good practice for a company to maintain a constant payout of dividends relative to its earnings. last year, net income was $740,000, and the corporation paid $148,000 in dividends. this year, due to some unusual circumstances, the corporation had income of $1,590,000. hans expects next year’s net income to be about $840,000.
1. what was bramble corp.’s payout ratio last year?
2. if it is to maintain the same payout ratio, what amount of dividends would it pay this year?

Ann and jack have been partners for several years. their​ firm, a​ & j tax​ preparation, has been very​ successful, as the pair agree on most​ business-related questions. one​ disagreement, however, concerns the legal form of their business. for the past two​ years, ann has tried to convince jack to incorporate. she believes that there is no downside to incorporating and sees only benefits. jack strongly​ disagrees; he thinks that the business should remain a partnership forever. ​ first, take​ ann's side, and explain the positive side to incorporating the business. ​ next, take​ jack's side, and state the advantages to remaining a partnership. ​ lastly, what information would you want if you were asked to make the decision for ann and​ jack? which of the following statements are the advantages of a partnership compared to a​ corporation? ​(choose all that​ apply.) a. less expensive to organize. b. ownership is readily transferable. c. lower income taxes. d. owners have limited liability. e. long life of firm.