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Aleks [24]
3 years ago
8

Harrison Recyclers Company uses the indirect method to prepare its statement of cash flows. Refer to the following information f

or 2017:
1. Retained Earnings, beginning balance, $142,000
2. Retained Earnings, ending balance, $122.000
3. There is a net loss of $14,000 for the year.
What is the amount of dividends declared during the year?

A. $7,000
B. $6,000
C. $16,000
D. $34,000
Business
1 answer:
nevsk [136]3 years ago
8 0

Answer:                                                                  $

        Retained earnings beginning balance   142,000

        Net loss for the year                                  <u>(14,000)</u>

                                                                              128,000

       Retained earnings ending balance          <u> (122,000)</u>

       Amount of dividend declared                      <u> 6,000</u>

 

Explanation:  In order to calculate the amount of dividend declared, there is need to deduct the net loss for the year from retained retained earnings beginning balance.  Thereafter, we also need to deduct retained earnings ending balance.                                                

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babymother [125]

Answer:

C.second option

Explanation:

The computation is shown below

The present value of option 1 is $100,000

And, the present value of option 2 is

= $94,000 + $10,000 × Present value of discounting factor(8%,3)

= $94,000 + ($10,000 ÷ 1.08^3)

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So as we can see that the option 2 has the highest present value so the right option is c.

8 0
2 years ago
In one year, you meet 52 people who are each unemployed for one week and eight people who are each unemployed for the whole year
VARVARA [1.3K]

Long term unemployment is defined as being unemployed for 27 weeks or more. In this example there are a total of 60 people, 52 people who would be categorized as short term unemployment and 8 people who would be categorized as long term unemployment.

In order to calculate the percentage of unemployment in each category you will need to divide the number in each category by the total number.

Short term = 52/60 = 86.7%

Long term - 6/60 = 13.3%

4 0
3 years ago
Read 2 more answers
Ajax, Inc., issued callable bonds with a par value of $1,000,000 that require the payment of a call premium of $10,000. The bond
almond37 [142]

Answer:

bonds payable       1,000,000 debit

loss on redemption    20,000 debit

        discount on bonds               10,000 credit

        cash                                  1,010,000 credit

--to record tyhe call of the bonds on September 30th--

Explanation:

par value of the bonds:    1,000,000

call premium:                   <u>       10,000</u>

total cash disbusements:  1,010,000

carrying value                      990,000

loss on redemption               20,000

<u>Notice: </u>It is a loss as we are paying more than the aliability is worth

discount/premium:

face value     1,000,000

carrying value 990,000

discount             10,000

We write off the bonds account: bond payable and bon discount

we debit the loss and credit hthe cash disbursments

8 0
3 years ago
Requesting funds for working capital suggests that the business is not a solid investment
Minchanka [31]
If i am understanding the question correctly it is false.....but i am a week late soo either way i guess it doesnt matter xD
7 0
3 years ago
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What style of leadership is grounded in the exchange relationship between the leader and the follower
Annette [7]

Answer: Transactional leadership

Explanation:

Transactional leadership a style of leadership that grounded in the exchange relationship between the leader and the follower.

For transactional Leadership, promotion of compliance is done through both rewards and punishment.

7 0
3 years ago
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