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sattari [20]
3 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]3 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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tamaranim1 [39]

Answer:

(B) Increase both assets and equity by $180

Explanation:

The transaction analysis model tells us that:

Assets = Liabilities + Owner's Equity

Owner's equity = Contributed Capital + Retained Earnings

Retained Earnings = Net Income − Dividends

and

Net Income = Income − Expenses

The expanded accounting equation is obtain if all substitutions are made:

Asset = Liabilities + Contributed Capital + Income – Expenses − Dividends

In the Global Cleaning Service`s case:

Assets are increased either because the service is collected or is an account receivable. As the service provided is a revenue (income) is part of the Owner's Equity that also increase. Both, Asset and Owner's Equity, increase in 180.  

7 0
3 years ago
For Flynn Company, variable costs are 70% of sales, and fixed costs are $195,000. Management’s net income goal is $75,000. Compu
Nookie1986 [14]

Answer:

i would 75,345 is your answer

Explanation:

3 0
3 years ago
Recent studies clearly indicate an association between TV advertising of foods and drinks and ______________________, especially
lesya [120]

Recent studies clearly indicate an association between TV advertising of foods and drinks and<u> the prevalence of childhood obesity,</u> especially in the United States.

<h3>What is Obesity?</h3>

This refers to the medical condition where a person is overweight and has an excess Body Mass Index.

Hence, we can see that based on the research made, it was found that there was a direct link between the use of TV advertising of foods and drinks and<u> the prevalence of childhood obesity,</u> especially in the United States.

Read more about obesity here:

brainly.com/question/1646944

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6 0
2 years ago
In an effort to save money for early retirement, an environmental engineer plans to deposit $1200 per month starting one month f
Aleks [24]

Answer:

$1,099,203.00

Explanation:

In this question we have to find out the future value that is shown in the attachment below:

Provided that

Present value = $0

Rate of interest = 8%  ÷ 2 = 4%

NPER = 25 years  × 2 = 50 years

PMT = $1,200 × 6 months = $7,200

The formula is shown below:

= -FV(Rate;NPER;PMT;PV;type)

So, after solving this, the future value is $1,099,203.00

8 0
3 years ago
When deciding on a career path, what is a good step to take after setting the basic career requirements?
Lerok [7]
I would say that once the basic career requirements are decided on then one should do C. make a list of colleges you want to apply to. In this way you will be able to find out the colleges that offer your field of interest and you will be able to check on the quality of their courses and instruction.
8 0
3 years ago
Read 2 more answers
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