Check my answers?

The balance in retained earnings on December 31, 2017, was $1435000 and on December 31, 2018, it was $1160000. Net income for 20

Inessa [10]

Answer:

b. $556,000.

Explanation:

Retained Earning is an account where all the earnings of the company accumulate and dividend is also paid from this account because it represents the amount the earning associated with the stockholders of the company.

December 31, 2018 Balance of Retained Earning = December 31, 2017 Balance of Retained Earning + Income for the year - Dividend Paid / Declared during the year.

$1,164,000 = $1,440,000 + $1,000,000 - Dividend Paid / Declared during the year.

$1,164,000 = $2,440,000 - Dividend Paid / Declared during the year.

Dividend Paid / Declared during the year = $2,440,000 - $1,164,000

Dividend Paid / Declared during the year = $1,276,000

Stock Dividend Paid - $500,000 + $220,000 = $720,000

Cash Dividend Paid = $1,276,000 - $720,000 = $556,000

6 0

4 years ago

As a result of conducting a gap analysis, the potential entrepreneur proved there was a need for the business. This is called do

Vera_Pavlovna [14]

Answer:

due diligence

Explanation:

Due diligence refers to an entrepreneur or a business man/woman basically doing their homework, i.e. investigating thoroughly about a business opportunity before deciding to accept a business proposal, enter a new market, or start a new business.

Many times, management is required by law to perform due diligence before entering a new business or signing certain contracts, but it is just common sense that before you start a new business you will try to find out if the business is feasible or not.

7 0

4 years ago

Which of the following is an indicator of how much output the average person would get if all output were divided up evenly amon

Effectus [21]

Answer:

C. per capita GDP

Explanation:

Per capita income is the average income earned per person in a country during a specified period of time . It is the measure of a country's Gross domestic products against its total population.

Per capita GDP is a measure of a country's economic output that accounts for its number of people. It divides the country's gross domestic product by its total population. it a good measurement of a country's standard of living. It tells you how prosperous a country feels to each of its citizens.

It is calculated by dividing the total GDP of a country by its population

therefore going by the question and the explanation given the best possible answer is C. Per capita GDP

5 0

3 years ago

Honeycutt Co. is comparing two different capital structures. Plan I would result in 12,700 shares of stock and $109,250 in debt.

Ulleksa [173]

Answer:

Check the following calculations

Explanation:

All-Equity Plan:

Number of shares = 15,000

Plan I:

Number of shares = 12,700

Value of debt = $109,250

Price per share = Value of debt / (Number of shares under All-Equity Plan - Number of shares under Plan I)

Price per share = $109,250 / (15,000 - 12,700)

Price per share = $109,250 / 2,300

Price per share = $47.50

Plan II:

Number of shares = 9,800

Value of debt = $247,000

Price per share = Value of debt / (Number of shares under All-Equity Plan - Number of shares under Plan II)

Price per share = $247,000 / (15,000 - 9,800)

Price per share = $247,000 / 5,200

Price per share = $47.50

5 0

4 years ago

Miles graduates from college and his his income increases by $ 35 comma 000 35,000 a year. Nothing else changes. Miles Miles de

lubasha [3.4K]

Answer:

hot dogs and pretzels are inferior goods

Explanation:

From the question, We are informed about Miles who graduated from college and his his income increases by $ 35000 a year. Nothing else changes. Miles Miles decreases the quantity of hot dogs and pretzels that he buys and increases the quantity of gourmet ice cream that he he buys. For Miles, hot dogs and pretzels are inferior goods. In economics, inferior good can be regarded as goods that have a fall in demand whenever there is increase in consumer income, i.e increase in consumer income will bring decrease to such goods, which is opposite to normal goods.

4 0

3 years ago