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Alex73 [517]
3 years ago
7

Bagwell's net income for the year ended December 31, Year 2 was $175,000. Information from Bagwell's comparative balance sheets

is given below. Compute the cash paid for dividends during Year 2.
Business
1 answer:
Nataliya [291]3 years ago
4 0

Solution:

The cash dividend is cash or assets generally paid into the current income  of the company to the shareholders. All dividends are to be declared by the executive board and whether the payment for the dividend should remain identical.

Ending Retained Earnings= Beginning Retained Earnings + Net Income - Dividends

    ( Beginning and Ending Retained Earnings are given in question )

     $688,000                    = $582,000 + $175,000 - Dividends

     $688,000                    = $757,000 - Dividends

     Dividends                    = $757,000 - $688,000

     Dividends                    = $69,000

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Infinity Clock Company prepared the following static budget for the​ year: Static Budget ​Units/Volume 5 comma 000 Per Unit Sale
aalyn [17]

Answer:

a) Operating income - $33,800

Explanation:

<em>The flexible budget would be prepared for  a different activity level of 6,300 production units but using the assumptions of the fixed budget</em>

                                                                               $

Sales revenue - ($7× 6,300 units  )   :             44,100.00

Less Variable cost -      ($1 ×  6,300 units ) :      <u>( 6,300)</u>

Contribution                                                       37,800

Less Fixed costs                                                <u>(4,000)</u>

                                                                             <u>33,800</u>

<em>Note that the fixed costs of $4000 remains the same for both the static and flexible budgets. This is because the activity level of 6,300 units of the flexible budget remains within relevant range. So the fixed cost would not change.</em>

4 0
3 years ago
The decision by GE to do business, through subsidiaries, with Iran would have been made at what organizational level? a. First-l
bekas [8.4K]

Answer:

D. Top management

Explanation:

The top management of a company has the duty to oversee the entire company's operation. They are also the one that make a decision which will heavily influence the company's position in the future.

A decision for company to do business with subsidiaries with another country possess a lot of risk. It tends to require a lot of investment but with equally higher return.  Decision with this magnitude will most likely fall to the hands of the top managers in the company.

3 0
2 years ago
You have no health insurance and you are unemployed. where can you go in your state, county, or city for medical services?
Gemiola [76]
<span>It is not important to always have a health insurance or to be employed in order to see the doctor.

There are many free clinics and Medicaids in many different cities and states, which could help people to avail medical treatment at considerably cheaper prices.

In case, the person is unemployed, they can also avail food stamps for a period of time from the clinics after completing the necessary formalities.

The Free clinics and Medicaids can be searched for on the websites and an online appointment can also be booked.</span>
3 0
3 years ago
The internal rate of return (IRR) is that discount rate that equates the present value of the cash outflows (or costs) with the
astra-53 [7]

Answer:

True

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The internal rate of return is a measurement utilised in capital planning to appraise the productivity of potential investment. The internal rate of return is a markdown rate that makes the net present worth of all incomes from a specific task equivalent to zero. If the NPV  is zero the project is not feasible and if the NPV is zero or positive the investor should invest in that particular project

6 0
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How does the automated system improve the efficiency and timeliness of financial <br> statements?
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Ceee
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