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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

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In the circular flow of income A. households buy goods and services and firms supply goods. Resources are supplied by other firm
Alla [95]

Answer:

D. households demand goods and services that are supplied by​ firms, while supplying resources that are demanded by firms.

Explanation:

The circular flow of income shows how money moves in an economy. Firms pay households for resources needed in production. The money flows back to firms when households demands goods and services from firms.

I hope my answer helps you

8 0
3 years ago
Each week you drive 150 miles your car gets 25 miles to the gallon and gas prices are three dollars per gallon how much money wi
Flura [38]
Total cost = $3 / gallon (150 miles / (25 miles/gallon)) =<span> $18</span>
6 0
3 years ago
Mary Matthews made $950 during a biweekly pay period only social security (fully taxable) and federal income taxes attach to her
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Answer:

The correct answer to the following question will be "$831".

Explanation:

  • Mary Matthews is a married woman, however, her gross salary is $950 per two weeks, as well as the compensation amount, is 2. The year 2018 married bi-weekly wage category table would be used to determine the sum to be withheld underneath the framework of wage class.
  • The applicable limit for $950 throughout the list is between $945 or $965 as well as $19 seems to be the amount of funding tax must keep for 2 allowances.

So that the compensation would be:

The sum is taken by her to their residence = Gross Salary - Income Tax deferred - Contribution towards 401k

= $950 - $19 - $100

= $831

5 0
3 years ago
When the price of gasoline decreses, brad buys more gasoline and more of all other goods. this information describes:_____.
marshall27 [118]

When the price of gasoline decreases, brad buys more gasoline and more of all other goods. this information describes the real income effect of a price decrease.

The profits impact describes how the alternate in the charge of an awesome can change the quantity that purchasers will demand of that accurate and associated item, primarily based on how the fee change impacts their real income.

the cash earned with the aid of someone, company, authorities, etc. Over a particular period of time that is calculated through thinking of the impact of inflation on what can surely be sold with that cash: In common, an individual worker is increasing his or her real income by using much less than 1% at the present time.

A boom in real incomes will reason the call for items/offerings to boom (the extent to which relies upon the marginal propensity to eat). however, as the majority of united kingdom goods are imported, growth in the call for goods will increase the demand for imports.

Learn more about real income here: brainly.com/question/14943772

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3 0
1 year ago
Yesterday, an automobile dealership sold exactly 15 vehicles for a total of $225,000. Did at least one of the vehicles sell for
Lubov Fominskaja [6]

Answer:

Option A is correct

Explanation:

In the question above, we have:

  • 15 vehicles sold for $225,000, therefore, the average price was $225,000/15 = $15,000

A. The median price for the 15 vehicles was $13,000.

If the median price was $13,000, this means that half the cars were at that price or below. For every car that was below $13,000, there has to be a car above $17,000 to balance it out, to make the average stay at $15,000. If half the cars are below $13,000 and the highest cars are not above $16,500, then it would not be possible to have an average of $15,000. This statement implies that at least one car is above $17,000, and therefore has to be above $16,500. This answers to the question. This statement is sufficient.

6 0
3 years ago
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