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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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What causes cost-push inflation
aleksandr82 [10.1K]

Answer: Cost-push inflation is caused by an increase in the prices of the underlying inputs of production.

5 0
3 years ago
Eliza has a policy that allows her to deduct the premiums she pays that exceed 10% of her adjusted gross income. Once she turns
Umnica [9.8K]

Answer:

Qualified Long-Term Care.

Explanation:

Qualified Long-Term Care includes services that are required for diagnostic, preventive, therapeutic, curing, treating, mitigating, and personal care services that is given to a person that is chronically ill.

A person that is chronically ill is qualified for this insurance plan.

Because of this policy that is used by Eliza she can deduct the premiums she pays that exceed 10% of her adjusted gross income. Once she turns 65, she can deduct the premiums that exceed 7.5% of her adjusted gross income.

6 0
3 years ago
Butte sold a machine to a machine dealer for $50,000. Butte bought the machine for $55,000 several year ago and has a claimed $1
pishuonlain [190]

Answer:

c. $7,500 ordinary gain  

Explanation:

Depreciated value of Machine = $55,000 - $12,500  

                                                   = $ 42,500

Sale price of Machine = $ 50,000

Gain on sale of Asset = $ 50,000 - $ 42,500

                                    = $ 7,500

Therefore, The amount and character of Butte's gain or loss is $7,500 ordinary gain.  

6 0
3 years ago
Build interest in your sales message by developing your central selling points with rational, emotional, or dual appeals. Ration
sashaice [31]

Answer:

1- Health

2- Essential

3- Warm feelings and reader benefits.

Explanation:

Build interest in your sales message by developing your central selling points with rational, emotional, or dual appeals. Rational appeals are appropriate when a product is, for example, important to <u>health</u><u>.</u> Emotional appeals are appropriate when a product is, for example,<u> essential</u> . Whether using rational or emotional appeals, remember to translate cold facts into <u>warm feelings and reader benefits</u>.

For an effective marketing message, it is necessary that rational, emotional or double appeals are correctly directed to the rational and irrational thoughts that the products arouse in the consumer.

For a health product, there must be a rational appeal, as the information contained in the sales message must be real, detailed and secure.

For an essential product, it is important that there is an emotional appeal to create feelings and expectations in the customer that make him want to obtain such a product.

Whether using rational or emotional appeals, remember to translate cold facts into warm feelings and reader benefits.

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4 0
3 years ago
A bank quotes a stated annual interest rate of 4.00%. If that rate is equal to an effective annual rate of 4.08%, then the bank
Mrrafil [7]

Answer: Quarterly

Explanation:

Annual interest rate = 4.00%

Effective annual rate = 4.08%

To know if the bank is compounding interest daily or quarterly goes thus:

Effective Annual rate can be calculated using:

= (1+Periodic rate)^number of compounding periods - 1

Therefore, we calculate the daily compounding effective annual rate which will be:

= (1+4%/365)^365 - 1

= (1 + 0.04365)^365 - 1

= 4.08%

For Quarterly EAR, this will be:

= (1+4%/4)^4 - 1

= (1 + 0.04/4)^4 - 1

= 4.06%

Therefore, the a bank is compounding interest Quarterly

6 0
3 years ago
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