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3 years ago

An economist would explain the huge salaries commanded by entertainers and professional athletes as

1 answer:

4 0

<span>An economist would view this as supply and demand. A very successful entertainer or athlete could command a high salary because there are few people of their talent and there is a high demand from the public to see them perform. Hence, from such a limited pool they could command a higher price than most of their competition.</span>

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Colgate-Palmolive Company reports the following balances in its retained earnings. ($ millions) 2010 2009 Retained earnings $14,

ahrayia [7]

Answer: $1,031 million

Explanation:

Given that,

Retained earnings(2010) = $14,329 million

Retained earnings(2009) = $13,157 million

Net income(2010) = $2,203 million

Amount of dividends = Retained earnings(2009) + Net income(2010) - Retained earnings(2010)

= $13,157 million + $2,203 million - $14,329 million

= $1,031 million

Therefore, amount of dividends did Colgate-Palmolive pay to its shareholders in 2010 is $1,031 million.

3 0

4 years ago

Read 2 more answers

Please help, will give Brainlest. Explain how a business income statement could help a business owner who is looking for investo

mixer [17]

Answer:

The income statement determines very important information for a business investment proposal such as EBITDA : Earnings Before Interest and Taxes plus Depreciation and Amortization.

This indicator is critical to know how much profit is drive just by the operation of the business. You can compare this indicator with accounts such as long term and short term loans in order to determine how much debt is healthy for the business to ask for investors or a bank.

Explanation:

8 0

3 years ago

Read 2 more answers

Travis is a participant in the x-games every year, which features events that are high flying and exhilarating to watch or parti

Andre45 [30]

Answer:

Openness

Explanation:

Travis is willing to take chances with his health to get the adrenaline rush from these sorts of sports because of his openness to new experiences.

People who are open to new things and enjoy new experiences have their personality classifications under openness. Openness involves having insights, being imaginative and having lots of interests.

5 0

3 years ago

Morristown Industries has an issue of preferred stock outstanding that pays a $12.60 dividend every year in perpetuity. If the r

lilavasa [31]

Answer:

$80 per share.

Explanation:

Given: Dividend= $12.60

Rate of return= 15.75%

Now, finding the price per share.

Formula; Price per share= $\frac{Dividend}{Rate\ of\ return}$

⇒ Price per share= $\frac{12.60}{15.75\%}$

⇒ Price per share= $\frac{12.60}{0.1575}$

∴ Price per share= $80 per share.

Hence, price per share is $80 for Morristown Industries.

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3 years ago

The current Federal Unemployment Taxes (FUTA) tax rate is 0.6%, and the State Unemployment Taxes (SUTA) tax rate is 5.4%. Both t

Zinaida [17]

The amount of total unemployment taxes the employer must pay on this employee's wages is $ 420

=(0.006 x 7,000 = 42)+(0.054 x 7,000 = 378)

=42 + 378 = 420

What does the Federal Unemployment Tax Act FUTA do?

The Federal Unemployment Tax Act (FUTA), which works with state unemployment systems, entitles workers who have lost their jobs to unemployment benefits payments. State and federal unemployment taxes are typically paid by enterprises.

What is State Unemployment Taxes (SUTA)?

Employers are obligated to pay SUTA as a payroll tax. State unemployment insurance is another name for it (SUI). The unemployment insurance fund of a state receives these levies to provide payments to workers who have left their employers.

Learn more about Federal Unemployment Tax Act FUTA: brainly.com/question/27646312

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5 0

1 year ago