The amount of dividends Lambert Inc. declared and paid is $5.2 million.
<h3>What is dividend?</h3>
A dividend refers to the sum paid to people who invest in a company, at the end of the financial year. In other words, it is a reward paid to the shareholders for their investment in a company's equity.
We know that:
Closing retained earnings
= Opening retained earnings + net income earned - dividend paid
Then,
The ending Retained Earnings balance of Lambert Inc. increased by $2.6 million from the beginning of the year
Also, net income earned during the year is $7.8 million
Hence,
Dividend paid
= -$ 2.6 million + $7.8 million
= $5.2 million
With regards to the above, the amount of dividends Lambert Inc. declared and paid is $5.2 million.
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Answer:
Which of the following is true?
a)The price of gold increases when the economy is stable
b)The DJIA is the cost of capital for U.S companies
c)NASDAQ index focuses on large cap stocks and the energy sector
d)The commodities market is the largest market in the world
e)The 30-yr Treasury yield is the base cost of capital for U.S companies
Answer = E
Explanation:
U.S treasury yield represents the risk free rate demanded by investors because its assumed that U.S is risk free, so for companies in the U.S looking for capital over a long period of time the usual use 30-yr Treasury yield as their cost of capital because its represents what they could have invested their funds in at no risk.
Answer:
$14.88
Explanation:
The computation of the stock price is given below:
A total return of 12% means that
= 0.12 × 14
= $1.68 in a year.
Now
The total dividend payments for 4 quarters is
= 0.2 × 4
= $0.8.
Now the price of the stock should increase by
= 1.68 - 0.8
= 0.88
So the stock price one year from now is
= 14 + 0.88
= $14.88
Answer:
Explanation:
The current liability is that liability in which the obligation is arise for one year or less than one year.
So, the categorization is shown below:
a. A note payable for $100,000 due in 2 years. = It is not a current liability as it is due in 2 years that come under the long term liability
b. A 10-year mortgage payable of $300,000 payable in ten $30,000 annual payments. = Current liability for first annual payment only and rest is consider to be long term liability
c. Interest payable of $15,000 on the mortgage. = Current liability as it is arise within one year
d. Accounts payable of $60,000. = Current liability as it is arise within one year
The current liability is shown on the liabilities side of the balance sheet.
Answer:
Instructions are below.
Explanation:
Giving the following information:
The ending inventory of finished goods for each quarter should equal 20% of the next quarter's budgeted sales in units. The finished goods inventory at the start of the year is 3,600 units.
<u>We weren't provided with enough information to solve the problem. But, I will leave the formula and a small example to guide an answer.</u>
<u></u>
Purchases= sales + desired ending inventory - beginning inventory
For example:
Sales 2nd Quarter= 27,000 units
Sales 3rd Quarter= 45,000 units
Production budget (in units):
Sales= 27,000
Desired ending inventory= (45,000*0.20)= 9,000
Beginning inventory= (3,600)
Total= 32,400 units
