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MrRa [10]
2 years ago
6

the ending retained earnings balance of lambert inc. increased by $2.6 million from the beginning of the year. the company's net

income earned during the year is $7.8 million and the beginning balance of retained earnings was $6.2 million. what is the amount of dividends lambert inc. declared and paid during the year? $2.6 million $5.2 million $10.4 million $7.8 million
Business
1 answer:
S_A_V [24]2 years ago
4 0

The amount of dividends Lambert Inc. declared and paid is $5.2 million.

<h3>What is dividend?</h3>

A dividend refers to the sum paid to people who invest in a company, at the end of the financial year. In other words,  it is a reward paid to the shareholders for their investment in a company's equity.

We know that:

Closing retained earnings

= Opening retained earnings + net income earned - dividend paid

Then,

The ending Retained Earnings balance of Lambert Inc. increased by $2.6 million from the beginning of the year

Also, net income earned during the year is $7.8 million

Hence,

Dividend paid

= -$ 2.6 million + $7.8 million

= $5.2 million

With regards to the above, the amount of dividends Lambert Inc. declared and paid is $5.2 million.

Learn more about dividend here: brainly.com/question/13991661

#SPJ1

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4 0
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Answer:

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Answer:

a. What is the book value of the​ equipment?

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b. If Jones sells the equipment today for $184,000 and its tax rate is 35%​, what is the​ after-tax cash flow from selling​ it?

  • ($184,000 - $86,976) x (1 - 35%) = $97,024 x 65% = $63,065.60

c. Just before it is about to sell the​ equipment, Jones receives a new order. It can take the new order if it keeps the old equipment. Is there a cost to taking the order and if​ so, what is​ it?

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Explanation:

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Year             %              Depreciation expense             Carrying value

1                   20%            $60,400                                  $241,600

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3                  19.20%        $57,984                                  $86,976

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5                  11.52%         $34,790.40                             $17,395.20

6                  5.76%          $17,395.20                              $0

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