1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
shtirl [24]
3 years ago
9

At the beginning of the current year, Bard Corporation had 400,000 shares of $1 par common stock outstanding and had retained ea

rnings of $11,000,000. During the year, the company earned $5,000,000, declared a 5% stock dividend when the price of stock was $25 per share, and paid a yearend cash dividend of $2 per share. (The cash dividend was paid after the stock dividend had been distributed.) Bard Corporation's retained earnings at the end of the year amount to:
a. $16,000,000.
b. $14,660,000.
c. $14,320,000.
d. $14,700,000.
Business
1 answer:
sveta [45]3 years ago
5 0

Answer:

b. $14,660,000

Explanation:

The computation of retained earnings at the end of the year is shown below:-

Retained earnings = Beginning retained earning + Net income - Stock dividend - Cash dividend

= $11,000,000 + $5,000,000 + $500,000 - $840,000

= $14,660,000

Working Note :-

Stock Dividend = 400,000 × 5% × $25

= $500,000

Cash dividend = (400,000 + (400,000 × 5%) × $2

= 420,000 × $2

= $840,000

You might be interested in
Question 38 All of the following statements regarding flextime are true EXCEPT it gives employees more personal control over tim
Vladimir79 [104]

Task conflict and interpersonal conflict are the two basic categories of intragroup conflict. Relationship conflicts entail challenges pertaining to individual ideas, attitudes, beliefs, and personality qualities, whereas task conflicts are caused by divergent objectives or an inability to satisfy the standards of the group.

Any sort of dispute involving two or more persons is referred to as interpersonal conflict. Contrasted with an intrapersonal conflict, which is an internal conflict with yourself, this is not the same thing. Interpersonal conflict, whether mild or severe, is a typical result of human contact. The conflict in a tale, which serves as the opposing force, typically falls into one of four categories: conflict with one's own nature, conflict with people, confrontation with the environment, or conflict with supernatural forces. The affiliation, connection, contact, and link between two or more individuals are all considered to constitute interpersonal relationships. There are several varieties of connections. This section emphasizes four different kinds of connections.

To learn more about divergent click on the link below:

brainly.com/question/16962517

#SPJ4

8 0
1 year ago
22. At the end of each year for the next 18 years, you receive cash flows of $3700. The initial investment is $25,200 today. Wha
IrinaK [193]

Answer:

29.37%

Explanation:

Rate of return = Average annual income/Average initial investment

Average annual income = $3,700

Average initial investment = (I+s)/2

Average initial investment = (25,200+0)/2

Average initial investment = $12,600

Rate of return = $3,700/$12,600

Rate of return = 0.2936508

Rate of return = 29.37%

6 0
3 years ago
Analyst 1 suggested that the demand curve for newspapers in Baltimore might have shifted to the right because people were becomi
krek1111 [17]

Answer:

A shift to the right of the demand curve can be caused by any factor other than price that increases the willingless of consumers to purchase a product of service (in this case newspapers).

Two other events can result in a shift to the right of the demand curve for newspapers:

  • Local elections are held in Baltimore - when local elections are held, people become more interested in following local news in order to decide their vote, therefore, they are willing to purchase more newspapers.
  • A dramatic event occurs in Baltimore - it could be a natural disaster, a massacre, or an economic crisis, if things become too far from normal, people will want to learn about what is happening, and will look out for information in newspapers.

8 0
2 years ago
You live on your own but your getting kick out you have a truck to what do you do?
yanalaym [24]

Answer:There are numerous answers to this question but the smart and safe thing to do is if you have money drive to a hotel if you don't I would sell thtruck as a last result

Explanation:

3 0
3 years ago
Read 2 more answers
Which of the following best illustrates the relationship between entities and​ attributes? A. The entity PRODUCT with the attrib
iris [78.8K]

Answer:

B) The entity CUSTOMER with the attribute PURCHASE

Explanation:

The entity is an existing real world object or person, while an attribute is a feature or characteristic of the entity.

In a relational data model (RDBMS), entities are represented as data in an entity set (customer) while the field represents the different attributes or properties of the entity.

5 0
3 years ago
Read 2 more answers
Other questions:
  • Ferris Company reported the following on its balance sheet: total contributed capital of $186,000, treasury stock of $19,500 and
    5·1 answer
  • Kahn of Portland Oregon sent a letter to Lischner of Los Angeles inquiring whether Kushner’s property in Humboldt County was for
    9·1 answer
  • To make a profit while benefiting humanity" is an example of a mission statement that A. incorporates values. B. is too vague. C
    6·1 answer
  • Suppose that Marlen Fisher has legal protection against anyone producing and selling a fishing lure specifically named "MarFish.
    5·1 answer
  • What is it called when demand and supply are equal in price and quantity?
    13·1 answer
  • The total factory overhead for Bardot Marine Company is budgeted for the year at $600,000. Bardot Marine manufactures two types
    6·1 answer
  • Barrington Mills Manufactures denim cloth from two primary raw materials, cotton and dye. Work-in-process includes lapped cotton
    10·1 answer
  • A company uses a periodic inventory system. On April 1, the company had 9 items of beginning inventory with a cost of $13 per un
    13·2 answers
  • A complex product that is best described in writing will be difficult to explain to consumers who are unable to read. For this r
    11·1 answer
  • Golden Eagle Company prepares monthly financial statements for its bank. The November 30 adjusted trial balance includes the fol
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!