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butalik [34]
3 years ago
10

On 12/31/2015, Heaton Industries Inc. reported retained earnings of $675,000 on its balance sheet, and it reported that it had $

172,500 of net income during the year. On its previous balance sheet, at 12/31/2014, the company had reported $555,000 of retained earnings. No shares were repurchased during 2015. How much in dividends did Heaton pay during 2015
Business
1 answer:
Sergio [31]3 years ago
7 0

Answer:

Heaton paid a total of $52,500 as dividend during 2015

Explanation:

Dividends in 2015 = Previous year retained earnings - Current year retained earnings + Current year net income

Dividends in 2015 = 555,000 - 675,000 + 172,500

Dividends in 2015 = $52,500

Heaton paid a total of $52,500 as dividend during 2015

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Accumulated Depreciation and Depreciation Expense are classified, respectively, as _____. (A) asset, contra liability (B) expens
andrew-mc [135]

Answer:

(D) contra asset, expense

Explanation:

Accumulated depreciation is a contra asset. When preparing ledger accounts, it will be credited hence will have a credit balance.It is also recorded in the balance sheet. On the other hand, depreciation expense is considered an operating expense. It is included as an item in the income statement when calculating a business's net income.

7 0
4 years ago
In the movie contract, which side was the more successful negotiator? Can you think of any terms that either party left out? Are
Sergio039 [100]

In the movie contract, the artist side was the most successful navigator. The party may be left out if the artist contract with the another film.

<h3>Who is navigator?</h3>

A negotiator is a person that either gets to an agreement with another person or assists others in reaching an agreement.

When two people can't correspond on something then, it's essential to call in a mediator. When two institutions unite, they can employ a negotiator to support them iron out the terms of the deal.

The artist was a more successful negotiator in a movie contract because he/she had spelled out all of the possible provisions for acting in a film. More conditions may have been included by the producer to bind the artist to the contract.

The producer may have added the following provisions to the movie contract before signing it. It includes that, If an artist arrives late on set, the producer has the authority to remove a penny from the artist's remuneration, and

If it is discovered that an artist has signed other film contracts, he or she will be held accountable for damages.

All the decisions should be made in a good faith by the artist and  producer. If the provisions were stated at the time of negotiation by both the parties.

Therefore, the reasonable word means the usual and the ordinary circumstances.

Learn more about the navigator, refer to:
brainly.com/question/8888625

#SPJ1

4 0
2 years ago
Not only does GIS technology help Starbucks determine the ideal locations for new stores, but it also can enable the company to
Makovka662 [10]

Answer:

the type of stores to open

Explanation:

Through GIS, Starbucks has been able to determine ideal locations for its new stores. Also, GIS has helped Starbucks understand the types of stores to open in terms of size, features, etc in those new locations to improve and maintain great customer satisfaction convenience of patronage.

Cheers.

6 0
4 years ago
George and Miguel are considering opening up a shoe store but first need to do market research. Which one of these is NOT part o
PIT_PIT [208]
It seems that you have forgotten to post the given choices for this question, but i hope this answer will help you with what you are looking for. Anyway, <span>The market research process consists of the following steps: Identify research objectives, Determine methods and sources, Gather secondary research, Conduct primary research, Organize and analyze data, and Draw conclusions.</span>
7 0
3 years ago
Suppose that the typical consumer basket consisted of 3 units of pork and 4 units of corn. In 2015, price of pork was $20 and pr
SVEN [57.7K]

Answer:

136.11

Explanation:

Consumer price index = price of basket current year/ price of basket base year x 100

For 2015( 3units pork x $20 + 4 units corn x $12) = $108

For 2016( 3units pork x $25 + 4 units corn x $18) = $147

CPI = $147/$108 x 100

= 136.11

8 0
3 years ago
Read 2 more answers
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