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sattari [20]
2 years ago
15

The year-end 2009 balance sheet for Tom's Copy, Inc. lists common stock ($1.00 par value) of $ 5,870 , capital surplus of $ 17,2

90 and retained earnings of $ 47,076 . On the 2010 year-end balance sheet, retained earnings are listed as $ 50,350 . The firm's net income in 2010 was $ 9,811 . No stock was issued or repurchased in 2010. What were dividends per share paid by the firm in 2010
Business
1 answer:
Len [333]2 years ago
3 0

Answer:

$1.11 per share

Explanation:

For computing the dividend per share first we have to determine the dividend by applying the following formula

Amount of dividend = Beginning balance of retained earnings + Net Income - Ending balance of retained earnings

= $47,076 + $9,811 - $50,350

= $6,537

And, the number of shares  is

= $5,870  ÷  $1 par

= 5,870 shares

So, the Dividend per share is

= Dividend ÷ number of shares

= $6,537  ÷  5,870 shares

= $1.11 per share

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As part of a major plant renovation project, the industrial engineering department has been asked to balance a revised assembly
ioda

Answer:

A)Minimum = 0.2 minutes

Maximum = 4.6 minutes

Cycle time = = 2 minutes per unit

B) Number of Stations = 3

D) the percentage of idle time for the assignment in decimal = 0.43

Explanation:

A) Operating output = 240 units per 8hours.

Converting to per hour, we get; 240/8 = 30 units per hour.

Minimum cycle time = longest task time

Maximum cycle time = sum of task times

Minimum = 0.2 minutes

Maximum = 0.2 + 0.4 + 0.2 + 0.4 + 1.2 + 1.2 + 1.0 = 4.6 minutes

Now, operational time(OT) is 8 hours a day. Converting that to minutes, we have =60x8 = 480 minutes

Cycle time(CT) = OT (per day) /desired output

Therefore, calculated cycle time = 480/240

= 2 minutes per unit

B) Number of stations = Maximum time / CT

= 4.6/2 = 2.3 which is approximately 3 stations

C) The task diagram is drawn in image 1 attached. Therefore, we can assign tasks based in the greatest number of following tasks as follows;

Task Number of following tasks

a 4

b 3

c 2

d 2

e 1

f 1

g 0

D) for the idle time from the assigned tasks in "c" above, from the "image 2" attached; the percentage of the idle time will be=

Total remaining time of tasks without remaining feasibility tasks/ {(number of these tasks) x(CT)}

Which gives percentage of idle time = (0.8 + 0.8 + 0.8 + 1.0)/{(4)x(2)}

= 3.4/8 = 42.5%

Since we are to convert to decimal,

= 0.425 approximately 0.43

4 0
2 years ago
Kellogg's sells many different breakfast cereals, including Corn Flakes, Rice Krispies, Frosted Flakes, Raisin Bran, and Special
11Alexandr11 [23.1K]

Answer:

The answer is false

Explanation:

Breadth, refers to the number of product lines  offered by a firm

6 0
3 years ago
Calculate the EBIT for a firm with $4 million total revenues, $3.5 million cost of goods sold, $500,000 depreciation expense, an
Vitek1552 [10]

Answer:

$0

Explanation:

Given that,

Total revenues = $4,000,000

Cost of goods sold = $3,500,000

Depreciation expense = $500,000

Interest expense = $120,000

Earnings before interest and taxes (EBIT):

= Total revenues - Cost of goods sold - Depreciation expense

= $4,000,000 - $3,500,000 - $500,000

= $0

Therefore, the EBIT for a firm is $0.

8 0
2 years ago
The amount of a real estate broker's commission is
zvonat [6]

In India, the majority of properties are sold with the help of a real estate broker or agent. When the broker helps a seller and buyer get in touch with each other and both the parties agree to engage in the transaction, then both the parties are required to pay a certain %age of the property value as a fee to the real estate broker. Read below to know about the real estate broker commission rates India:

There are no specific guidelines laid for the commission paid to real estate brokers. In India, real estate agents usually ask the seller and the buyer to pay 1-2% of the deal value as their commission, also known as the real estate brokerage fee.

8 0
2 years ago
Becky only eats out at Macaroni Grill and eats out 3 times per month. She receives a raise fro $31,900 to $33,500 and decided to
ololo11 [35]

Answer:

Since elasticity is 6.4, a positive figure,it is normal good and the fact that it is greater than one means it is elastic,hence option A is correct

Explanation:

The formula for income elasticity of demand is given as:

/(new quantity-old quantity)//(old price+new price)/2)/(New income-Old income)/(old income+new income)/2)

New income=$33,000

Old income=$31,900

New quantity =5 times

Old quantity=3 times

Hence=(5-3)/(3+5)/2)/(33500-31900)/(31900+33500)/2)

Elasticity=6.45

6 0
3 years ago
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