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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

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Bonita Industries reported the following year-end information: beginning work in process inventory, $190000; cost of goods manuf
Lunna [17]

Answer:

Bonita Industries's cost of goods sold for the year is $844,000

Explanation:

Beginning work in process inventory, $190000

Ending work in process inventory, $230000

Cost of goods manufactured, $866000

Beginning finished goods inventory, $252000

Ending finished goods inventory, $274000

Cost of Goods Sold = Beginning Finished Goods Inventory + Cost of Goods Manufactured – Ending Finished Goods Inventory

Cost of Goods Sold = $252000 + $866000 - $274000

Cost of Goods Sold = $844000

*Beginning work in process inventory and Ending work in process inventory has already been dealt in cost of goods manufactured calculations.

4 0
3 years ago
choose the correct term for each of the following descriptions. expenditure on research and development
Anni [7]

Research and development expenses, since these costs are intended to spur future growth, they should be considered capital expenses.

The term "expenditure on research and development" (R&D) refers to all costs associated with conducting research at colleges, universities, and other institutions of higher learning, whether those costs are covered by general institutional funds, specific grants, or contracts with public or private sponsors. Nearly US$ 1.7 trillion has been spent globally on research and development, which is a record high. Approximately 10 nations receive 80% of the money spent on expenditure on research and development. Countries have committed to significantly boosting public and corporate R&D spending as well as the number of researchers by 2030 as part of the Sustainable Development Goals (SDGs). The total amount spent on R&D, and expenditure on research and development in the US was $607.5 billion.

Learn more about Research and development expenses here:

brainly.com/question/13493514

#SPJ4

6 0
1 year ago
How do i get my grade higher.60-80 and 70-80
balu736 [363]
You can always makeup work that you got a low grade on. You can do extra credit or finish the work you haven’t turned in (if you have anything) :)
8 0
2 years ago
Read 2 more answers
The appellate court decides that the trial court committed reversible error by including evidence found by law enforcement. Law
olga2289 [7]

Answer:

  1. Now that the very evidence that lead to conviction of the defendant, that person will no longer serve the sentence given as a punishment as a result of the crime committed.
  2. Yes, the defendant would be free to go for now, unless they can produce any more evidence to charge him with the crime he allegedly committed.
  3. Conventionally it would go back to the trial court until and unless specified otherwise by the judge.
  4. It could go all the way up to the supreme court depending on whether the legal counsel handling the case puts in a request for it.

Hope that answers the question, have a great day!

7 0
3 years ago
Teach for america works to solve which societal problem
aniked [119]
<span>Teach for america works to solve the problem of educational inequality. Teach for America’s network includes more than 10 00corps members teaching in 46 regions across the country. Teach for America corps members are as effective as- an in some cases more effective than- other teachers. They are funded by contritbutions from business, foundations, government ogranizations , and individuals in the regions where corps members teach.</span>
6 0
3 years ago
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