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
Andru [333]
3 years ago
9

3. In its most recent financial statements, Newhouse Inc. reported $50 million of net income and $810 million of retained earnin

gs. The previous retained earnings were $780 million. How much in dividends were paid to shareholders during the year
Business
1 answer:
leva [86]3 years ago
6 0

Answer:

Dividends paid= $20 million

Explanation:

<em>The dividend paid during the year would be the determined by sum of the opening balance of retained earnings and net income and less the closing balance of retained earnings. </em>

Dividends paid = Retained earnings at the beginning + net income - retained earnings at the end.

Note that the payment of dividends would reduce the amount of retained earnings balance

Dividends paid = 780 m + 50 - 810= 20

Dividends paid= $20 million

You might be interested in
He [the producer] intends only his gain, and he is in this, as in many other cases, led by an invisible hand to promote an end w
Mariulka [41]

Answer:

c) the incentive structure accompanying market prices.

Explanation:

The invisible hand explains the unintentional social advantages of ego-interested actions of people, a term first proposed by Adam Smith in The Theory of Moral Sentiments, published in 1759, referencing it with respect to the distribution of revenues.Administrators offer multiple incentives, that are bonuses or encouraging variables that push the person to function effectively and in the long term interest of the principal. The incentive structures contain price / referral fees, annual bonuses and compensation for performance

4 0
3 years ago
Bob and Serena are married and file a joint income tax return. For 2018, their modified AGI is $70,000. Their daughter, Dawn, is
Bogdan [553]

Answer:

The American Opportunity Tax Credit (AOTC) that can be claimed is $2,500.

Explanation:

As of 2018, no changes have been made to the AOTC. By law, with a modified  adjusted gross income (MAGI) of $80,000 or less for single individuals and $160,000 or less for married filing jointly, the individuals can claim the full credit amount. It is a credit paid for an eligible student to cover education expenses, if in the first four years of postsecondary education. A maximum annual amount of $2,500 is given and an additional 40% of remaining amount (up to $1,000) if the tax owed falls to zero.

8 0
3 years ago
Kendall Company has sales of 1,000 units at $60 a unit. Variable expenses are 30% of the selling price. If total fixed expenses
Lelu [443]

Answer:

There are several ways to compute the degree of operating leverage (DOL). A fairly intuitive approach is expressed below.

DOL = (sales - variable costs) / (sales - variable costs - fixed costs)

For Kendall, the DOL is computed as follows:

DOL = (1,000 * $60 - 1,000 * $60 * .30) / (1,000 * $60 - 1,000 * $60 * .30 - $30,000) = 3.5

<em>hope this helps</em>

<em />

<em />

<em />

<em />

8 0
3 years ago
During the current month, Grey Company sold 60,000 units for $10 each. Each unit had an equivalent cost of $6 each. The journal
Romashka [77]

Answer:

The sale entry would be:

Dr Trade Receivable  $ 600,000

Cr                     Sale            $600,000

And the inventory sent out of warehouse to customer would be recorded as:

Dr Cost of goods sold $360,000

Cr Finished Goods account  $360,000

Explanation:

As we know the sale is credit in nature and inventory sold on credit increases the trade receivable which is debit in nature.

So the entry would be:

Dr Trade Receivable  $ 600,000

Cr                     Sale            $600,000

And the inventory sent out of warehouse to customer would be recorded as:

The reason is that once the product is sold then the cost of finished goods is eliminated from the inventory account and would be charged to the cost of goods sold. So the entry would be posted by the cost of equivalent that the company has incurred to manufacture the product. Here the cost of equivalent is given and is $6 per unit.

So for the sale of 60,000 units the total cost of equivalent will be:

Total equivalent cost = 60,000 units * $6 per unit = $360,000

And the entry would be:

Dr Cost of goods sold $360,000

Cr Finished Goods account  $360,000

3 0
3 years ago
When creating a home network, many people use _______ instead of Ethernet due to its simplicity and lower cost.
nikdorinn [45]

Answer:

Wireless connection

Explanation:

7 0
3 years ago
Read 2 more answers
Other questions:
  • The new "Hungry for Apples?" campaign has been a resounding success, so that the quantity demanded is now 100% greater than befo
    12·1 answer
  • Price discrimination occurs when people are charged _____ prices for _____ products.
    14·2 answers
  • Good Eats Inc. manufactures flatware sets. The budgeted production is for 80,000 sets this year. Each set requires 2.5 hours to
    11·1 answer
  • The ABC Company is having a meeting about a possible merger with the XYZ Company. The ABC Company sent one executive to handle t
    9·1 answer
  • Suppose the civilian non-institutionalized working age population is 35.9 million in Laborland.
    6·1 answer
  • On the basis of the details of the following fixed asset account, indicate the items to be reported on the statement of cash flo
    9·1 answer
  • _____ is a way of producing a response to a stimulus by repeatedly pairing it with another stimulus that automatically produces
    5·1 answer
  • Catherine and Jacob have a written contract to buy and sell "100 cases of widgets." The 100 cases is a typo, so after signing th
    12·2 answers
  • Second-degree price discrimination: Multiple Choice results in transfer pricing. None of the answers are correct. is the practic
    9·1 answer
  • PlastiPharm produces a foundational product that sits on a shelf until it is needed and added to another product. In reviewing t
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!