Question Completion:
Cash received from bank loans was $10,000.
Revenues earned and received in cash were $9,000.
Dividends of $4,000 were paid to stockholders.
Expenses incurred and paid were $5,600.
Answer:
Jiminez, Inc.
Income Statement for the month ended March 31:
Revenue $9,000
Expenses 5,600
Net income $3,400
Dividends 4,000
Retained earnings during the year ($600)
Explanation:
Jiminez, Inc. paid more dividends to stockholders this month than it actually generated in net income. The excess amount of dividends must be from retained earnings carried forward from the previous month. In preparing the income statement for the month of March, Jiminez, Inc. must deduct all the expenses from its revenue to obtain the net income before tax. The bank loan does not form part of the items for the preparation of the income statement, as only temporary accounts are considered.
Answer:
499.80
Explanation:
There is no 39.6% tax bracket, the highest marginal tax is 37%. But we can assume that Mikey had to pay 39.6% in taxes which means that he is in the seventh tax bracket (highest). Since he is classified under the highest tax bracket, he will also pay the highest capital gains rate which is 20%.
Mikey's long term capital gain = $4,950 - $2,400 = $2,550
if he paid regular income taxes = $2,550 x 39.6% = $1,009.80
since he pays capital gains taxes = $2,550 x 20% = $510
That means he saves $1,009.80 - $510 = 499.80
Answer: (C) Competitive intelligence
Explanation:
The competitive intelligence is one of the process of analyzing the various types of information that helps in learned abut the market, consumers and the competitors.
The main objective of the competitive intelligence is that it helps in support the various types of strategic decisions in an organization.
According to the given question, the competitive intelligence is helps in gathering the data for improving the ability of an organization in this competitive environment.
Therefore, Option (C) is correct answer.
Here is the answer to your question
Hope it helps!
In the stock exchange market, a firm does receives the proceeds from the sale of its securities in the primary market.
<h3>What is
primary market in stock exchange market?</h3>
Basically, the primary market is the market where securities are created and sold to the public by various firms.
In this market, different firm sells new stocks, bonds etc to the public for the first time.
In conclusion, in the stock exchange market, a firm does receives the proceeds from the sale of its securities in the primary market.
Read more about primary market
<em>brainly.com/question/3904762</em>
