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
kifflom [539]
3 years ago
10

In year 1, Company A has the following info in its financial statements: Retained Earnings (beginning balance) of $32,000; Retai

ned Earnings (ending balance) of $95,000; Revenue of $100,000, Expenses (including tax expense) of $30,000, and dividends declared $7,000.
What amount will be shown as Net Income in Income Statement?

a.$95,000

b.$70,000

c.$63,000

d.$77,000
Business
1 answer:
Anastasy [175]3 years ago
3 0

Answer:

b.$70,000

Explanation:

The net income could be computed by two method

First method is

Net income = Revenue - expenses

= $100,000 - $30,000

= $70,000

And, the second method is

The ending balance of retained earning = Beginning balance of retained earnings + net income - dividend paid

$95,000 = $32,000 + net income - $7,000

So, the net income is $70,000

You might be interested in
The American system of democracy would be in serious trouble without ______. a. print media b. a monopoly on news media c. the r
emmasim [6.3K]

The American system of democracy would be in serious trouble without

  • The reporting of skilled journalists

<h3>What is Democracy?</h3>

This is simply a system of government that is based on the principle of representative government where the people are represented in government.

With this in mind, we can see that skilled journalists are responsible for holding the American leaders responsible to the people by making reports of their actions and inactions and without this, democracy would be in serious trouble.

Read more about democracy here:
brainly.com/question/26100096

5 0
2 years ago
How are the market and enterpreneurship related with each other?​
Klio2033 [76]

Marketing is a vital process for entrepreneurs because no venture can become established and grow without a customer market. The process of acquiring and retaining customers is at the core of marketing.

Further, marketing provides an effective vehicle for achieving entrepreneurship within the corporation. As some have argued, marketing is the home for the entrepreneurial process. As a process, a firm's entrepreneurial orientation has three key dimensions: innovativeness, risk taking, and proactiveness.

PLEASE MARK ME BRAINLIEST

<em>-</em><em> </em><em>BRAINLIEST</em><em> ANSWERER</em>

7 0
3 years ago
Caliber Corp. currently pays no dividends because it requires its internally generated funds be used to fund a research intensiv
Andreyy89

Answer:

Do =  $2.00

D1= Do(1+g)1 =  $2(1+0.2)1 = $2.40

D2= Do(1+g)2 = $2(1+0.2)2 = $2.88

D3= Do(1+g)3 = $2(1+0.2)3 = $3.456

D4= Do(1+g)4 = $2(1+0.2)4 = $4.1472

D5= Do(1+g)5 = $2(1+0.2)5 = $4.97664

PHASE 1

V1 = D1/1+ke + D2/(1+ke)2 + D3/(1+ke)3 +D4/(1+ke)4 + D5/(1+ke)5

V1 = 2.40/(1+0.15) + 2.88/(1+0.15)2 + 3.456/(1+0.15)3 + 4.1472/(1+0.15)4 + 4.97664/(1+0.15)5

V1 = $2.0870 + $2.1777 +  $2.2723 + $2.3712 + $2.4742

V1 = $11.3824

PHASE 2

V2 = DN(1+g)/ (Ke-g )(1+k e)n                                                                                                                                                                                                                                      

V2 = $4.97664(1+0.02)/(0.15-0.02)(1+0.02)5      

V2 = $5.0762/0.1435

V2 = $35.3742

Po = V1 + V2

Po = $11.3824 + $35.3742

Po = $46.76

Explanation: This is a typical question on valuation of shares with two growth rate regimes. In the first phase, the value of the share would be obtained by capitalizing the dividend for each year by the cost of equity of the company. The dividend for year 1 to year 5 was obtained by subjecting the current dividend paid(Do) to growth rate. The growth rate In the first regime was 20%.

In the second phase, the value of shares would be calculated by taking cognizance of the second growth rate of 2%. In this phase, the last dividend paid in year 5 would be discounted at the appropriate discount rate after it has been adjusted for growth.

5 0
3 years ago
HR is focused on issues directly related to a person's job and with things that happen at work, as opposed to concerns that may
lapo4ka [179]
False. HR somewhat serves the function of an at-work counselor. Think of Toby Flenderson from the Office ;)
6 0
3 years ago
Dave Ramsey's investing principles.
emmasim [6.3K]

Answer:

Here is Dave's investing philosophy: Get out of debt and save up a fully funded emergency fund. Invest 15% of your income in tax-favored retirement accounts. Invest in good growth stock mutual funds

4 0
3 years ago
Other questions:
  • Selection of sales mix LO A1 Excel Memory Company can sell all units of computer memory X and Y that it can produce, but it has
    15·1 answer
  • What is secondary data, and define who fits in this category?
    6·1 answer
  • Which of the following is a scenario involving a contract that would be governed by UCC Article 2?
    5·1 answer
  • Suppose you have some extra money to invest for 1 year. After a​ year, you will need to sell your investment to pay tuition. Aft
    9·1 answer
  • In the business world, a _________________ is recognized as a legally acceptable way for any business to keep knowledge of its p
    10·1 answer
  • Burlan Paints, manufacturer of paints for both interiors and exteriors, prices its products differently in various international
    12·1 answer
  • Suppose that the U.S. government decides to charge wine consumers a tax. Before the tax, 25 million bottles of wine were sold ev
    14·1 answer
  • Which sentence best completes the diagram?
    7·2 answers
  • According to Nobel economist Frederich von Hayek, law that secures __________ rights in modern society is a prerequisite to priv
    10·1 answer
  • According to a team of researchers at the University of Aston in England, __________ organizations tend to be characterized by _
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!