A company has net income of $ 225,000 and declares and pays dividends in the amount of $ 75,000 .
c. An increase of $ 150,000 is the net impact on retained earnings is the correct option.
Income is the consumption and savings opportunity that a business captures within a specific time frame, usually expressed in money. Income is difficult to define conceptually and definitions vary by region.
For most people, income means gross income in the form of wages and salaries, return on investment, pension payments, and other income.
The definition of income is the amount of money received by an individual, group or business during a specified period. An example of income is an annual salary of $70,000.
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Answer:
transferred out = 1550 units
Explanation:
given data
beginning WIP inventory = 600 units
received = 1,500 units
end of month with process = 550 units
to find out
transferred out
solution
we get here transferred out by the given equation that is
Units in Work in process at the end of the month = Beginning WIP inventory + Units receive or started - transferred out ..................1
put here value we will get
550 = 600 + 1500 - transferred out
transferred out = 1550 units
Answer:
B. 75%.
Explanation:
The formula to compute the long-term debt to equity ratio is shown below:
= (Long term debt) ÷ (total shareholder equity) × 100
= ($360 ÷ $480) × 100
= 75%
All other information which is given in the question is not consider for the computation part. Hence, ignored it
We simply divide the long term debt with the total shareholder equity to find out the ratio between them
Answer:
Book value= $51,875
Explanation:
Giving the following information:
Purchase price= $80,000
Salvage value= $5,000
Useful life= 8 years
<u>First, we need to calculate the annual depreciation under the straight-line method:</u>
Annual depreciation= (original cost - salvage value)/estimated life (years)
Annual depreciation= (80,000 - 5,000) / 8
Annual depreciation= $9,375
<u>Now, we can determine the book value at the end of 2019:</u>
Book value= purchase price - accumulated depreciation
Book value= 80,000 - (9,375*3)
Book value= $51,875
Answer:
Earning Satisfactory Profits
Explanation:
Based on the information provided within the qeustion it seems that the management of Fresnas Designs Inc. bases its pricing policy on Earning Satisfactory Profits. This is basically when a company revolves all their decisions around trying to make a reasonable level of profits that is consistent with the level of risk that they face. Which is what Fresnas is doing by pricing their products reasonably as opposed to pricing them higher even thought hey can.
