1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
zubka84 [21]
1 year ago
13

For the year, movers united has net income of $31,800, net new equity of $7,500, and an addition to retained earnings of $24,200

. what is the amount of the dividends paid?
Business
1 answer:
Serjik [45]1 year ago
3 0

The amount of the dividends paid is $7600.

A company distributes dividends from its net income and transfers the balance amount to retained earnings.

Dividends Paid = Net Income - Retained Earnings = 31800 - 24200 =          $7600

Equity represents the fee that might be lower back to an agency's shareholders if all of the belongings were liquidated and all the employer's debts have been paid off. We also can think of fairness as a degree of residual ownership in a firm or asset after subtracting all money owed related to that asset.

The principal advantage of fairness financing is that there's no obligation to pay off the money obtained via it. equity financing locations have no extra economic burden on the company, however, the drawback can be quite big. The amount realized through the issue of new stock will not be used for dividend distribution. Only Net income is to be considered in the calculation.

Learn more about equity here:-brainly.com/question/1957305

#SPJ4

You might be interested in
Which kind of business organization does not allow for profit sharing?
Nataly_w [17]
The answer is d sole proprietorship
6 0
3 years ago
The following totals for the month of April were taken from the payroll register of Magnum Company. Salaries $12,000 Social Secu
Novosadov [1.4K]

Answer:

d. credit to Salaries Payable for $8,600

Explanation:

<em>The journal entry would be as follows.</em>

Magnum Company

Payroll Journal

Particulars                            Debit                    Credit

Salaries                       $12,000  Debit

Federal Income taxes withheld                       2,500 Credit

Social Security & Medicare taxes withheld      900 Credit

Salaries Payable                                               $8,600 Credit

Unemployment taxes are paid by the employer . They are not deducted from the employees' wages . They include both the federal and state taxes.Social Security & Medicare taxes withheld $ 900 include the  Social Security & Medicare taxes  $ 900.

6 0
3 years ago
To combine a range of cells into one large cell, you should highlight the cells and choose
Fittoniya [83]
1: A-merge
2: B- possible misspelled word
3: A- spark line
4: B
5: C- moves down one cell
6 0
3 years ago
g 3) You are interested in purchasing an apartment complex for $2,000,000 that has Net Operating Income (NOI) of $120,000 and is
Paraphin [41]

Answer:

the cap rate is 6%

Explanation:

The computation of the cap rate is as follows:

= Net operating Income ÷ Current market value of property

= $120,000 ÷  $2,000,000

= .06

=  6%

Hence, the cap rate is 6%

We simply divided the net operating income from the Current market value of property so that the cap rate could come

4 0
2 years ago
Solar Innovations Corporation bought a machine at the beginning of the year at a cost of $28,000. The estimated useful life was
jeyben [28]

Answer:

You get the highest net income in year 2 with  <u>Units-of-production  method.</u>

Explanation:

Schedule of depreciation expense, accumulated depreciation, and book value per year for the equipment under the three depreciation methods is attached.  

<u>Straight-line </u>

Depreciation expense 2nd year=$5.000=(Original Value -Residual Value)/Useful life

<u>Units-of-production </u>

Units of Production Rate=2.5=(Original Value -Residual Value)/estimated productive life

Depreciation expense 2nd year= 7250

<u> Double-declining-balance. </u>

Depreciation rate        20,00%        1/useful life *100

Depreciation expense 2nd year= 6720

Download xlsx
6 0
3 years ago
Other questions:
  • At December 31, 2019, Sharon Lee Corporation reported current assets of $343,980 and current liabilities of $196,600. The follow
    14·1 answer
  • In which situation would a savings bond be the best investment to eam interest
    8·1 answer
  • Anemone Company produces picture frames. During the year, 200,000 picture frames were produced. Materials and labor standards fo
    6·1 answer
  • 4. In centralized decision making, authority is
    15·1 answer
  • Function of the money.​
    5·1 answer
  • The desire to own something and the ability and willingness to pay for it
    10·1 answer
  • Tucan Company manufactures a product requiring 0.5 ounces of platinum per unit. The cost of platinum is approximately $300 per o
    11·1 answer
  • PM Industries has two service departments (Administration and Maintenance) and two operating departments. Departmental costs bef
    11·1 answer
  • Reddy Corporation has collected the following data for the month of June: Actual total factory overhead incurred $61,150 Budgete
    15·1 answer
  • On December 1, a company accepted a $5,000, 4%, 90-day note. How much accrued interest will be recorded as an adjusting entry on
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!