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PtichkaEL [24]
1 year ago
10

True or false: retained earnings equals net income plus distributions to shareholders.

Business
1 answer:
Goshia [24]1 year ago
6 0

Retained earnings equals net income plus distributions to shareholders. False.

<h3>What is retained earnings?</h3>

Retained earnings is the cumulative profit of a company after distributions to shareholders (dividends) have been accounted for. Retained earnings is net income less dividends.

The formula used to determine retained earnings is :

Retained earnings = beginning of period retained earnings + net income - dividends.

To learn more about retained earnings, please check: brainly.com/question/14529006

#SPJ1

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Paper Clip Company sells office supplies. The following information summarizes the​ company's operating activities for the​ year
marin [14]

Answer:

$41,400

Explanation:

Calculation for Paper Clip Company Operating income

OPERATING NET INCOME for Paper Clip Company

Sales revenue 164,800

Less: Purchases of merchandise (89,900)

Utilities for the store (9,600)

Sales commission (10,100)

Rent for store (13,800)

Operating net income $41,400

Therefore the Operating net income will be $41,400

3 0
2 years ago
Suggest any 5 methods by which the condition of technical education can be improved ​
MrMuchimi

Answer:

Acknowledge and address overcrowding.

Make funding schools a priority.

Address the school-to-prison pipeline.

Raise standards for teachers.

Put classroom-running and curriculum-building decisions in the hands of the community.

Explanation:

Technology can be utilized to improve teaching and learning and help our students be successful. ... Through the use of learning management systems (LMS) students can access online resources to get assistance on demand beyond the physical reach of their teacher. Technology can also extend education in another way.

assisted projects aimed at improving technical and vocational education. Introduction ... priorities as defined by aid recipients (see, for example, Gray &.

Technical education is a term applied to schools, institutions, and educational programs that specialize in the skilled trades, applied sciences, modern technologies.

5 0
2 years ago
A population grows with an annual growth rate of 16.3 % per year. (a) what is the monthly growth rate?
zysi [14]
Annual growth rate of population is 16.3%
monthly growth rate = ?
Months in one year = 12
let x be the monthly growth of population.
16.3% = 0.163
1+ 0.163 = 1.163
Now, (1.163)¹/¹² = 1.01266
for monthly growth percent
1.01266 - 1 = 0.01266 = 0.01266 x 100 = 1.266%≈ 1.3%

6 0
3 years ago
PLZZZ HELP, i have limited time and i will give brainliest.
Schach [20]

Answer:

Q1. Selena will have earned <em><u>$ 25.00</u></em> in interest by the end of the year.

Since interest paid is 5% in simple interest, we can calculate that by using the formula:

SI = (P)(r)(t)

SI = (500)(0.05)(1) = 25

Q2. The balance in Suki's account at the end of two years will be <em><u>$866.2854.</u></em>

This means that she will have earned <em><u>$66.2854</u></em>  in interest.

Since interest is compounded quarterly, Suki will receive interest for 8 periods. The formula for compound interest with more than one interest period per year is:

\mathbf{A = (P)*(1+(\frac{i}{m})^{n*m}}

where

A is the amount at the end of the period

P is the principal

i is interest rate per annum

m is number of compounding periods in a year

n is number of years

Substituting the values in the formula above we get,

A = (800)*(1+(\frac{0.04}{4})^{2*4}

A = (800)*(1.01)^{8}

\mathbf{A = 866.2853645}

Now, we calculate the interest earned by doing \mathbf{CI = A -P}.

\mathbf{CI = 866.2854- 800 = 66.2854}

Q3. It will take <em><u>18 years</u></em> for the money to double to $100.

Since we need to use the rule of 72, we'll divide 72 by the interest rate to determine the number of years needed to double the investment's value.

So, the number of years is \frac{72}{4} =18.



5 0
2 years ago
Which savings account can a financial institution end?
Elan Coil [88]
Callable Certificate of Deposit is a type of savings account that a financial institution can terminate.
6 0
3 years ago
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