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Snowcat [4.5K]
3 years ago
7

The board of directors of Testa Incorporated has decided that they would like to declare a $400,000 cash dividend at some point

in the near future. The company currently has Retained Earnings of $2,419,000 and a Cash balance of $827,000. They also have current liabilities totaling $436,000. What is missing in order for Testa to be able to pay a cash dividend
Business
1 answer:
Elden [556K]3 years ago
3 0

Answer:

Approval and the declaration by the board of directors

Explanation:

The three key requirement for a company to pay dividends are adequate retained earnings , adequate cash and the declaration and approval of the board of directors.

Looking at the provided information for Tesla incorporation ,what is missing is the Approval of the board through declaration of payment.

It was still an intention , so the declaration is still necessary for payment. Other conditions like adequate cash balance and retained earning are are already met

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If a basket selling price is $13per unit with the variable expense is $10 per unit and the company's monthly fixed expense if $7
TiliK225 [7]

Answer:

26,000 units

Explanation:

The break-even point is calculated by dividing fixed costs by the contribution margin per unit.

Fixed costs are $78,000

Contribution margin per unit = selling costs - variable costs

=$13-$10

Contribution margin per unit=$3

Break-even point = $7800/$3

=26,000 units

6 0
3 years ago
If the U.S had been poor in natural resources, how would industrialization have been affected?
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5 0
3 years ago
The employees of neat clothes work monday through friday every other friday the company issues payroll checks totaling 36,000. T
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Answer:

Neat Clothes

1. Can you explain how did we get 22,400?

The total wages for 2 weeks or 10 days (5 days each) is $32,000.  For the weeks under review, only 7 days are worked in June, the remaining 3 days are in July.  To calculate June salaries alone the $32,000 is divided by 10 days, to get the wages per day, and then multiplied by 7 days for the seven days in June.

2. Why we divide 7 over 10? What does 7 mean and what does 10 represent?

The 7 means the days of work done in June and 10 represents the 2 weeks for which wages are being calculated.

So, dividing 7 over 10 gives the proportion of June salaries from the total of $32,000.

Explanation:

As above.

6 0
3 years ago
True or False? It is not necessary to document patient medications prescribed by other physicians.
MaRussiya [10]
The answer is false. 
8 0
3 years ago
Read 2 more answers
Coca-Cola has a variety of strategic business units (SBUs) in its beverage business. Glaceau Vitamin Water is in a high-growth m
salantis [7]

Answer:

"Problem child" is the correct answer.

Explanation:

  • Throughout a highly expanding economy, but with a different business model, the compounds would be considered problematic children or questioning indentations.
  • Glaceau water seems to be in a highly international audience with a large affinity to expansion. Nevertheless, throughout the plastic bottles category, Coca-Cola possesses a slow growth rate.

Thus the above is the correct answer.

8 0
3 years ago
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