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
laiz [17]
2 years ago
12

The accountant for Walter Company is preparing the company's statement of cash flows for the fiscal year just ended. The followi

ng information is available: Retained earnings balance at the beginning of the year $ 129,000 Cash dividends declared for the year 49,000 Proceeds from the sale of equipment 84,000 Gain on the sale of equipment 7,600 Cash dividends payable at the beginning of the year 21,000 Cash dividends payable at the end of the year 23,600 Net income for the year 95,000 The amount of cash dividends paid during the year would be:
Business
1 answer:
Strike441 [17]2 years ago
7 0

Answer:

$25,400

Explanation:

Equity which represents the amount owed to the owners of the business includes retained earnings (which is the accumulation of the net income/loss over the years less dividends paid) and common shares.

The movement in the retained earnings balance may be expressed as

Opening balance + net income - cash dividend paid = closing retained earnings balance

Cash dividend declared - Cash dividend paid =  Cash dividend payable

$49,000 - Cash dividend paid = $23,600

Cash dividend paid = $49,000 - $23,600

= $25,400

You might be interested in
Do all choices have costs?
expeople1 [14]
For every choice you make, you are sacrificing something else. For example, when you choose to buy a new phone, you are sacrificing buying a new laptop. The opportunity cost of buying the phone, is the cost of the laptop. Therefore, evey choice has a cost, because in every choice, there is a sacrifice
5 0
3 years ago
Last year there was no change in either the raw materials or the work in process beginning and ending inventories. However, fini
dsp73

Answer:

d. $625,000

Explanation:

cost of goods available for sale = cost of goods manufactured during the current period + finished goods inventory at the beginning of the period

  • cost of goods manufactured during the current period = $600,000
  • finished goods inventory at the beginning of the period = $25,000

cost of goods available for sale = $600,000 + $25,000 = $625,000

cost of goods sold = cost of goods available for sale - ending inventory = $625,000 - $40,000 = $585,000

7 0
2 years ago
The Smiths' purchased a residence for $75,000. They made a down payment of $15,000 and agreed to assume the seller's existing mo
777dan777 [17]

Answer:

Purchase money mortgage.

Explanation:

A purchase money mortgage is the loan that is given to the individual buying the property.

This loan is issued by the seller of the property as a part of the transaction made when selling the property. The interest rate that comes with this type of loan is high.

The buyers benefit from the purchase money mortgage due to the flexible requirements that is needed in collecting the loan while the sellers benefits from the high interest rates that is added to the loan.

5 0
3 years ago
This year Lloyd, a single taxpayer, estimates that his tax liability will be $11,350. Last year, his total tax liability was $15
Dmitrij [34]

Answer:

Lloyd needs to increase his witholding tax to $1,560 this year in order to avoid the underpayment penalty .

Explanation:

As a rule, a citizen can maintain a strategic distance from an underpayment of punishment if their retention and evaluated assessment installment measure up to or surpass one of the two safe harbours

90% of current expense risk = 90% × $11,350

= $10,215

100% of past assessment risk = $15,900

Since his(Lloyd) retention is not equal to or exceed $10,215 or $15,900

Llyod should expand retaining or make payment this year in order to stay away from underpayment punishment

= $10,215 - $8,655

= $1,560

3 0
2 years ago
The staff educator from the hospital’s respiratory unit is providing a public educational event. The educator is talking about h
Citrus2011 [14]

Answer:

Teaching strategies to reduce complications of existing diagnoses

Explanation:

Teaching strategies to reduce complications of existing diagnoses.

Health Promotion activities focus on preventing disease from developing that is primary prevention. And then screening to identify at early curable stage and this known as secondary prevention and reducing complications of existing or established medical diagnosis, which is the tertiary prevention.

8 0
3 years ago
Other questions:
  • Define a “core capability.” What are the core capabilities of Amazon, Google, and Walmart? List some new markets to which these
    7·1 answer
  • 6. Goog company has an EBIT*(1-tax) of $9,737, a depreciation of $1,851, change of NOW of $381, and a capital expenditure of $3,
    15·1 answer
  • Lolita and Larry are thinking about adding to their family next year. If Larry and Lolita do have a child, Lolita plans to be a
    14·1 answer
  • _____________ tends to discourage firms from making physical capital investments.
    9·1 answer
  • Which of the following statements is TRUE of employee empowerment? Question 11 options: Jobs must be designed to give employees
    15·1 answer
  • 5. Suppose a novice investor buys a call option on 45,000 barrels of oil with an exercise price of $45 per barrel and simultaneo
    8·1 answer
  • Barlow Company's Accounts Payable balance at December 31, 2008, was P1,800,000 before considering the following transactions: •
    7·1 answer
  • You have a minor medical policy with a $500 deductible and an 80/20 co-insurance (co-pay) feature with a CAP of $15,000. If you
    13·1 answer
  • Ticker Services began operations in 2015 and maintains long-term investments in available-for-sale securities. The year-end cost
    11·1 answer
  • Precision Tool is trying to decide whether to lease or buy some new equipment for its tool and die operations. The equipment cos
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!