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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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vampirchik [111]

Answer:

Profit maximizing price of the firm = 50 cents

Average total cost of e-book = $10.5

Explanation:

As per the data given in the question,

Maximum annual profit = $35,000

It sells = 15,000 copies

Expense rate = 50 cent

Company must spend = $150,000

Here, Profit maximizing price of the firm = marginal cost (Expense rate)

So, Profit maximizing price of the firm = 50 cents

As per the following formula,

Average total cost = Total cost ÷ Quantity of output

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6 0
2 years ago
An operator wants to determine the standard deviation for a machine she operates. To do this, she wants to create a p-chart. Ove
kondaur [170]

Answer:

The answer is letter A.

Explanation:

Less than or equal to 0.1

Because:

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Observations (n)= 75

sd =√(P-bar)(1-(P-bar)/n

sd =√(0.024)(1-0.024)/75

sd= √(0.024)(0.976)/75

sd= √(0.023424)/75

sd= 0.01767

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8 0
3 years ago
If an investor buys enough stocks, he or she can, through diversification, eliminate all of the market risk inherent in owning s
dimulka [17.4K]

Answer:

The given statement is True.

If an investor buys enough stocks, he or she can, through diversification, eliminate all of the market risk inherent in owning stocks, but as a general rule it will not be possible to eliminate all market risk.

5 0
2 years ago
A shop that makes candles offers a blueberry scented candle which has daily demand of 10 boxes. Blueberry candles can be produce
Lostsunrise [7]

Answer:

E. 115 boxes.

Explanation:

d: 10 boxes/day

p: 36 boxes/day

n: 365 days

s: $60

H: $24 box/year

D: d*n

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EPQ = \sqrt{2DS/H} *\sqrt{p/p-d}

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I=Q/P * (p-d)

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3 years ago
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Answer:

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<h2>stay safe healthy and happy.</h2>
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