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
Anton [14]
3 years ago
12

Z, Corp. began the year 2008 with $2.7 million in retained earnings. The firm earned net income of $7.6 million in 2008 and paid

$2.83 million to its common stockholders. What is the year-end 2008 balance in retained earnings for Z?
Business
1 answer:
Svetradugi [14.3K]3 years ago
7 0

Answer:

$7.47 million

Explanation:

Given that,

Beginning retained earnings = $2.7 million

Net income earned = $7.6 million

Dividend paid to common stockholders = $2.83 million

Year-end 2008 balance in retained earnings for Z:

= Beginning retained earnings + Net Income - Dividend paid

= $2.7 million + $7.6 million - $2.83 million

= $7.47 million

You might be interested in
I have been struggling with quizzes
Rudiy27

Answer:

same here

Explanation:

6 0
3 years ago
Read 2 more answers
A​ check-processing center uses exponential smoothing to forecast the number of incoming checks each month. The number of checks
Liula [17]

Answer:

a. 41.6 million

b. 42.28 million

Explanation:

A) GIven

forecast in june = Sjune = 42 million

Checks recived in june = Xjune = 40 million

Smoothing constant = a = 0.2

So for july

Sjuly = a*Xjune + (1-a)*Sjune

=0.2*40 + (1-0.2)*42 million

=8+33.6 = 41.6 million

B) forecast in july = Sjuly = 41.6 million

Checks recived in july = Xjuly = 45 million

Smoothing constant = a = 0.2

So for August

Saugust = a*Xjuly + (1-a)*Sjuly

=0.2*45 + (1-0.2)*41.6 million

=9+33.28 = 42.28 million

<em>Note: This uses an exponential smoothing to forecast the results, but from the number of checks recived we see that it increases linearly. So we need a linear forecasting method .</em>

5 0
3 years ago
Money obtained through various types of loans is called:
Elden [556K]

Borrowed money obtained through loans of various types is called debt capital. capital is a loan made to a company that is normally repaid at some future date. Debt capital is the loan that a business raises by taking out a loan. 

4 0
3 years ago
A ________economy usually stresses the equality of all citizens. A________ economy aims to be self-sufficient. A ________economy
Alja [10]

Answer:

Command economy

Closed Economy

Traditional Economy

Mixed Market Economy

Explanation:

A command Economy  stresses the equality of all citizens.e. g Cuba and North Korea

A closed economy aims to be self sufficient with all activities confined to its economy.e.g Brazil's economy.

A traditional economy being the oldest form of economy upholds culture and history and as such relies more on bartering than money. It is mostly common in emerging markets and developing countries.

A mixed economy encourages private businesses with a degree of state monopoly.Example is the USA's economy.

5 0
3 years ago
Read 2 more answers
Street &amp; Smith publishes the same baseball magazine with exactly the same stories but with 16 different covers to appeal to
Lorico [155]

Answer:

The answer is 'One product and multiple market segments'

Explanation:

The market segmentation strategy here is One product and multiple market segments.

The product is one product(the magazine story) and this one product (same story) covers 16 different regions of the U.S i.e the same product is selling in 17 market segments.

The advantage of this strategy is that it helps to avoid the additional costs of developing and producing additional versions of the product.

5 0
3 years ago
Other questions:
  • Which is a valid counterargument to the call for higher tariffs to save u.s. jobs? imports may eliminate some u.s. jobs, but the
    8·1 answer
  • One of the main responsibilities employers have under OSHA is to:
    8·1 answer
  • The following transactions of Houston Pharmacies occurred during 2017 and 2018:
    6·1 answer
  • The subject is reqlly politics<br>why do we have to pay to sell stuff
    13·2 answers
  • Describe the origins, purposes, and practices of the "long drive" and the "open range" cattle industry. What ended this brief bu
    14·1 answer
  • Select the correct answer from each drop-down menu. What is the basis for the calculation of interest payable by various financi
    13·1 answer
  • 1. (30 points) Please elaborate what will happen to Net Earnings to Sales and Net Earnings to Total Book Assets when you observe
    10·1 answer
  • 5) Si tuvieras que hacer un presupuesto de Ingresos y uno de Gastos ¿Cuál harías primero y que te sirva de base para hacer el ot
    5·1 answer
  • Company A produces paper and sells it to Company B for a total of $183. Company B uses the paper to make books and then sells th
    6·1 answer
  • When conducting an independent audit the accountant is to evaluate a company's financial statements and?
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!