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Keith_Richards [23]
4 years ago
6

Retained earnings at the beginning and end of the year totaled $25,000 and $75,000, respectively. Net income reported during the

period was $70,000. Using this information, dividends paid will be reported as _____ on the statement of cash flows.
Business
1 answer:
Anna [14]4 years ago
5 0

Answer:

$20,000

Explanation:

Retained earnings are company profits that have not been distributed as that dividends. Retained earnings plus dividends make up the net income.

Retained earnings equal to net income minus dividends paid out.

Closing retained earning = opening retained earning + income - dividends.

$75,000= $25,000 + income

Income = $75,000 -$25,000

=$50,000

Dividends will be $70,000- $50,000

=$20,000

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Minor Electric has received a special one-time order for 600 light fixtures (units) at $12 per unit. Minor currently produces an
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Answer:

To earn $1,150 the order should be 900 units.

Explanation:

Giving the following information:

Selling price= $12

Unitary variable cost= $10

Incremental fixed costs= $650

Desired profit= $1,150

<u>Because it is a special order, and there is unused capacity (1,000 units), we will take into account only the incremental fixed costs.</u>

<u>To calculate the number of units to be sold, we can use the break-even point formula with the desired profit:</u>

<u></u>

Break-even point in units= (fixed costs + desired profit) / contribution margin per unit

Break-even point in units= (650 + 1,150) / 2

Break-even point in units= 900 units

To earn $1,150 the order should be 900 units.

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3 years ago
What was the main goal of the Farmers’ Alliance?
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Higher quality planting" is the one among the following choices given in the question that was <span>the main goal of the Farmers’ Alliance. The correct option among all the options that are given in the question is the second option. I hope that this is the answer that has actually come to your great help.</span>
3 0
3 years ago
Suppose Intel is considering building a new computer chip-making factory. Assuming that Intel needs to borrow money in the bond
NemiM [27]

Answer:

If interest rates increase, the cost of borrowing money to build the factory becomes higher, so the returns from building the new plant may not be sufficient to cover the costs. Thus, higher interest rates make it less likely that Intel will build the new factory.

6 0
3 years ago
Global companies have five strategies for matching products and their promotion efforts to global markets. Changing a product in
chubhunter [2.5K]

Answer:

As given as below.

Explanation:

  • The global companies have some production strategies that make an appropriate for the country climate or presences such as the  
  1. uniformity in the brand names
  2. An identical packaging of similar products .
  3. The standardized advertising messages .
  4. synchronized pricings .
  5. coordinated of the product launches .
  6. The harmonious sales campaigns
  • Based on these strategies, the matching products, and their promotion efforts are made in some way or the other that makes it appropriate for the climate of the place and the territorial of the country.
  • It has certain advantages like the lower the marketing costs , and also power and scope , consistency in the brand image  and defining the ability to leverage ideas quickly and efficiently , uniformity of the marketing practices , also helps to establish relationships outside of the strategy.
5 0
4 years ago
Finke Company's employees are paid each Friday for hours worked the previous week. At the end of the accounting period, Finke Co
pogonyaev

Answer: Claims exchange transaction

     

Explanation: In simple words, these are the transactions that do not change the level of total claims, that is, these transactions results in increase on one claim and decrease of the other.

In the given case, the company accrues $3200 to its employees. This transaction will have a dual effect of increase in liabilities and decrease in retained earnings, so the overall claims will remain unchanged.

Hence we can conclude that the correct option is D .

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