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nexus9112 [7]
3 years ago
11

Patterson Corporation began the year with retained earnings of $325,000. During the year, the company issued $500,000 of common

stock, recorded expenses of $1,500,000, and paid dividends of $90,000. If Patterson’s ending retained earnings was $350,000, what was the company's revenue for the year?
Business
1 answer:
timofeeve [1]3 years ago
7 0

Answer:

$1,615,000

Explanation:

total revenue for the year can be calculated by adding retained earnings (at end of the year) + distributed dividends + total expenses - retained earnings (at the beginning of the year)

total revenue = $350,000 + $90,000 + $1,500,000 - $325,000 = $1,615,000

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Which of the following statements about bribery is most accurate? Question 49 options: Bribes, kickbacks, and payoffs offered to
Greeley [361]

Answer:

It is illegal for a U.S. corporation to bribe an official of a foreign government or political party to obtain or retain business in a foreign country.

Explanation:

5 0
3 years ago
You have the following information on Marco's Polo Shop: total liabilities and equity = $210 million; current liabilities = $50
KengaRu [80]

Answer:

$60 million

Explanation:

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This may be expressed mathematically as

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The total asset is made up of the current assets less inventory, inventory, fixed assets. Let the balance for fixed assets be y

$85 + $65 + y = $210   (all amounts in millions)

y = $210 - $150   (all amounts in millions)

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3 0
3 years ago
On April 1, 2015, the City of Southern Ponds issued $3,500,000 in 4% general obligation, tax supported bonds at 101 for the purp
LUCKY_DIMON [66]

Answer:

B) $ 70,000.

Explanation:

Debt service expense

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Debt service expense can be calculated using the following formula

Debt service expense = Face value of Bonds x Interest rate x Semiannual fraction

Where

Face value of bonds = $3,500,000

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2 years ago
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UkoKoshka [18]

Answer:

B

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being unique can be good at work but making sure you're organized doing your job is vital.

5 0
3 years ago
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