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Anton [14]
4 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]4 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

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Samantha Jones had the following itemized deductions. Donations to church and other charities $ 2,150 Medical and dental expense
vlabodo [156]

Answer:

Samantha should use the standard deduction.

Explanation:

Samantha's total itemized deductions include:

  • donations to church and other charities $2,150
  • medical and dental expenses (exceeding 10%) $1,270
  • State income tax $960
  • Job related expenses (exceeding 2%) $1,485
  • total $5,865

Samantha's standard deduction = $6,350, since it is higher than her itemized deductions, then she should use the standard deduction.

3 0
3 years ago
A company that makes shopping carts for supermarkets and other stores recently purchased some new equipment that reduces the lab
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Answer:

A. Labor productivity before=16 cart per workers-hour

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B. Multifactor productivity Before=0.94 carts per hour

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Explanation:

A. Computation of labor productivity under each system

Labor productivity Before=100 carts per hour/6 workers

Labor productivity Before=16 cart per workers-hour

Labor productivity After=(100 carts per hour+4 carts per hour)/4 workers

Labor productivity After=(104carts per hour /4 workers

Labor productivity After=26 cart per workers-hour

B. Computation of the multifactor productivity under each system.

Multifactor productivity Before=100 carts per hour/(6 workers*$11 per hour)+$40 per hour

Multifactor productivity Before=100 carts per hour/($66 per hour+$40 per hour)

Multifactor productivity Before=100 carts per hour/$106 per hour

Multifactor productivity Before=0.94 carts per hour

Multifactor productivity before=(100carts per hour + 4carts per hour)/(4 workers * $11 per hour$)+($40 per hour+12 per hour)

Multifactor productivity before=(104carts per hour /(4 workers * $11 per hour$)+($40 per hour+12 per hour)

Multifactor productivity before=(104carts per hour /($66 per hour+$52 per hour)

Multifactor productivity before=(104carts per hour /118per hour

Multifactor productivity before=0.94 carts per hour

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