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Mashcka [7]
3 years ago
5

Net income is $1,000,000 for the year, EBT is $2,500,000, retained earnings in January were $5,000,000, common stock dividends p

aid for the year are $300,000, and common shares outstanding are 1,000,000. What are end-of-year retained earnings? Group of answer choices
Business
1 answer:
Scilla [17]3 years ago
7 0

Answer:

$5,700,000

Explanation:

The net income for the year is $1,000,000

The EBT is $2,500,000

The retained earnings in January were $5,000,000

The amount of common stock dividend that was paid for the year is $300,000

The common shares that are outstanding is 1,000,000

Therefore, the end-of-year retained earnings can be calculated as follows

= Net income+Retained earning-stock paid

= $1,000,000+$5,000,000-$300,000

= $6,000,000-$300,000

= $5,700,000

Hence the end-of-year retained earnings is $5,700,000

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ioda

Answer:

Capital turnover = 2.5 times

Explanation:

given data

Sales =  $2,000,000

Operating income = $400,000

Total assets = $800,000

Current liabilities = $120,000

Target rate of return = 13​%

Weighted average cost of capital = 6​%

to find out

Portland Porcelain Works Coffee Mug Division capital​ turnover

solution

we get here Portland Porcelain Works Coffee Mug Division capital turnover that is find here by dividing sales by total assets

so

Capital turnover = \frac{sales}{total\ assets}     ......................1

put here value

Capital turnover = \frac{2,000,000}{800,000}

Capital turnover = 2.5 times

5 0
3 years ago
Portman Corporation has retained earnings of $675,000 at January 1, 2014. Net income during 2014 was $1,400,000, and cash divide
mafiozo [28]

Answer:

attached below

Explanation:

3 0
3 years ago
What does the price of diesel fuel in russell ks have to do with the price of bread in boulder co?
Scilla [17]
T<span>he equipment to plant, harvest, and transport grain used by the farmers in KS is powered by diesel fuel. Therefore, an increase in the price of the fuel will also increase the price of the bread. The main ingredients of the bread </span>are <span>coming from the farmers' harvest of grain. When the price of the fuel would increase, the farmers would be selling their grains at a higher price which would yield to a higher price of the bread.</span>
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Capacity conciderations in a hospital ​
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A company's common stock is selling in the market at a "multiple of 15". If the market price of the common stock is currently $1
Angelina_Jolie [31]

Answer:

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Explanation:

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