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laiz [17]
3 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]3 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

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The Finnish prefer to maintain time-honored traditions and norms and view change with suspicion. Which of Hofstede’s cultural di
NeTakaya
I think it’s an Individualist society

Finland, with a score of 63 is an Individualist society. This means there is a high preference for a loosely-knit social framework in which individuals are expected to take care of themselves and their immediate families only.
8 0
2 years ago
What does the government do with the money it collects as taxes?
Bogdan [553]

The primary source of revenue for the U.S. government in 2022 become individual earnings Taxes. revenue accumulated by the U.S. government is used to fund an expansion of goods, programs, and services to assist the yankee public and pay hobby incurred from borrowing.

Taxes are mandatory contributions levied on individuals or organizations via a government entity—whether or not nearby, regional, or country wide. Tax revenues finance authorities sports, along with public works and offerings which includes roads and faculties, or programs including Social safety and Medicare.

All residents have to pay taxes, and with the aid of doing so, make contributions their honest percentage to the fitness of the authorities and countrywide economic system. The federal taxes you pay are utilized by the authorities to put money into technology and education, and to offer goods and services for the benefit of the american people.

Learn more about government Taxes here:

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4 0
2 years ago
PERT refers to Program Evaluation and Review Technique, which was developed in the 1950s to better understand how variability in
Murljashka [212]

Answer:

A) True

Explanation:

The PERT chart was first developed by the US Navy to manage the Polaris submarine missile program. As other military developments (like the internet), it later passed into the business world. It is project management tool used to analyze and represent the activities in a project. It also helps to track down the flow of events of a project and to estimate the time to completion.

6 0
3 years ago
Modern environmentalism works with businesses to promote sustainable development.
Akimi4 [234]
True because it is reguarding concerns for environmental protection, and if a company "cares" about the enviroment or at least the public thinks they care that will improve the development of their company
7 0
3 years ago
Read 2 more answers
Which of the following is NOT an element of organizational structure? A) Well-articulated mission, vision, and value statements.
alekssr [168]

Answer:

A) Well-articulated mission, vision, and value statements.

Explanation:

An organizational structure can be defined as a system that states how business activities such as standard rules, task allocation or roles of employees, coordination, responsibilities and supervision of these activities are directed so as to enhance the achievement of the goals, aims and objectives of the organization.

Simply stated, an organizational structure usually defines a hierarchy, which is used to determine how information, roles and responsibilities flow from one level to another in an organization. Generally, the flow of information are usually from top to bottom.

Furthermore, the organizational structure can be divided into four (4) distinct categories and these are;

1. Matrix organizational structure.

2. Functional organizational structure.

3. Divisional organizational structure.

4. Flat organizational structure.

The following are the elements of organizational structure;

A. Formal reporting relationships. This is enhanced by assigning a hierarchy, where informations are reported to the right individual and in a timely manner as well.

B. Grouping together of individuals into departments. This is to increase the level of output and enhance building good, coordinated development through division of labor.

C. Systems designed to ensure effective communication.

<em>Hence, a well-articulated mission, vision, and value statements isn't an element of organizational structure. It could be regarded as an organization's center of gravity. </em>

3 0
3 years ago
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