Cash Conversion Cycle
Finc 3331
Spring 2021
Team Project
Due on April 26, 2021
Dividend Policy
All calculations must be shown. EXCEL spreadsheets may be a good tool to use.
Chevron is an international integrated energy and chemical company. Amazon.Com is an
Internet Retailer and a relative new company with steady growth.
In this assignment, you will calculate the possible distribution amount using the Residual
Distribution Model method (Chap 14). Show all components used.
Go to the SEC EDGAR web site (www.sec.gov/index.htm), locate FILINGS and;
 Go to Chevron Corp – XXXXXXXXXX
ï‚· Find most recent 10-K report (hint: Dec 31, 2020)
ï‚· From the consolidated financial statements, retrieve the necessary information to
calculate the distribution paid using the Residual Model.
ï‚· From this calculation, what is the dividend per share?
ï‚· What was the actual dividend paid (annualized)?
 Go to Amazon.Com, Inc. – XXXXXXXXXX
ï‚· Find most recent 10-K report (hint: Dec. 31, 2020)
ï‚· From the consolidated financial statements, retrieve the necessary information to
calculate the distribution paid using the Residual Model.
ï‚· From this calculation, what is the dividend per share?
ï‚· What was the actual dividend paid (annualized)?
Prepare an Excel spreadsheet showing your calculations on a separate tab for each company.
On another tab, write a one or two paragraph summation of your findings. Make sure all team
members names are listed and send the file to me at XXXXXXXXXX.
http:
www.sec.gov/index.htm