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e-lub [12.9K]
1 year ago
7

A company has net income of $ 225,000 and declares and pays dividends in the amount of $ 75,000 . What is the net impact on reta

ined earnings? a. Increase of $ 225,000 b. Decrease of $ 75,000 c. Increase of $ 150,000 d. Decrease of ,000
Business
1 answer:
egoroff_w [7]1 year ago
7 0

A company has net income of $ 225,000 and declares and pays dividends in the amount of $ 75,000 .

c. An increase of $ 150,000 is the net impact on retained earnings is the correct option.

Income is the consumption and savings opportunity that a business captures within a specific time frame, usually expressed in money. Income is difficult to define conceptually and definitions vary by region.

For most people, income means gross income in the form of wages and salaries, return on investment, pension payments, and other income.

The definition of income is the amount of money received by an individual, group or business during a specified period. An example of income is an annual salary of $70,000.

Learn more about income here:brainly.com/question/25745683
#SPJ4

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Write a one sentence summary of the central dispute in the case of mcculloch. v. maryland identify the key individuals and insti
insens350 [35]
McCulloch v. Maryland represented a power struggle between the State and Federal law. It was a landmark decision by the Supreme Court of the United States. The state of Maryland had attempted to impede operation of a branch of the Second Bank of the United States by imposing a tax on all notes of banks not chartered in Maryland. Though the law, by its language, was generally applicable to all banks not chartered in Maryland, the Second Bank of the United States was the only out-of-state bank then existing in Maryland, and the law was recognized in the court's opinion as having specifically targeted the U.S. Bank.
8 0
3 years ago
As a new manager, Candace has had to learn a lot, and sometimes her job is more stressful than she expected. As a manager, she n
ExtremeBDS [4]

Answer: disturbance handler; decisional; more through others.

Explanation:

As a new manager, Candace has had to learn a lot, and sometimes her job is more stressful than she expected. As a manager, she needs to fulfill many roles. Candace schedules employees for shifts at the front desk, in the dog play areas, and in the bathing and grooming rooms.

This is part of the disturbance handler role of management, which falls under the decisional component. To adapt to being a manager, Candace has had to get things done by working more through others.

4 0
3 years ago
Price Manufacturing assigns overhead based on machine hours. The Milling Department logs 1,800 machine hours and Cutting Departm
kifflom [539]

Answer and Explanation:

The Journal entry is shown below:-

Work in progress Dr, $24,000

        To Manufacturing Overhead $24,000

(Being the overhead assigned is recorded)

For recording this we debited the work in process as it increased the assets and credited the manufacturing overhead for assigning the overhead

Working note

Overhead amount = (Milling Department + Cutting department) × Overhead rate

= (1,800 + 3,000) × $5

= $4,800 × $5

= $24,000

5 0
2 years ago
Gannon Company acquired 10,000 shares of its own common stock at $20 per share on February 5, 2014, and sold 5,000 of these shar
DiKsa [7]

Answer:

The credit entry for the issue of 5000 shares is:

Cr Treasury stock                                       $100,000

Cr Paid-in capital from treasury stock          $35,000

Explanation:

The par value of the common stock issue($20 per share) is credited to treasury stock account, while the excess of issue price of $27 over the par value of $20, $7 per share is credited to paid-in capital from treasury stock

The full double entries for the issue of 5000 shares is as follows:

Dr Cash ($27*5000)                                                 $135,000.00  

Cr Treasury stock($20*5000)                                                          $100,000

Cr Paid-in capital from treasury stock($7*5000)                                $35,000

Under International Financial Reporting Standards, the credit entries would be that par value is credited to equity share capital and the excess credited to share premium account.

                                 

3 0
3 years ago
We are able to use the concepts of W (the winning coalition) and S (the selectorate) from the Selectorate Theory to make useful
Liula [17]

Answer:

False.

Explanation:

Selectorate theory differentiates between different types of dictatorships, as well as between dictatorships and democracies. The key factor that distinguishes democracies from dictatorships is the size of the winning coalition.

8 0
2 years ago
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