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
artcher [175]
3 years ago
11

Now Inc. released its annual results and financial statement. Grace is reading the summary in the business pages of today's pape

r. In its annual report this year, NOW Inc. reported a net income of $152 million. Last year, the company reported a retained earnings balance of $459 million, whereas this year it increased to $540 million. How much was paid out in dividends this year?
a. $4 million
b. $360 million
c. $71 million
d. $233 million
Business
1 answer:
Goryan [66]3 years ago
5 0

Answer:

c. $71 million

Explanation:

The net income and dividends are the factors responsible for increase an decrease in retained earnings. Net income is added to the retained earnings balance while dividend is deducted from it.

Given the following information about  NOW Inc,

net income = $152 million

Opening retained earnings balance = $459 million

Closing retained earnings balance = $540 million

$459 million + $152 million - Dividends = $540 million

Dividends = $459 million + $152 million - $540 million

Dividends = $71 million

Option c. $71 million

You might be interested in
onghorn Fabricators Inc. plans to expand its metals-forming facility over the next 5 years. The company will add 20,000 square f
Ann [662]

Answer:

Future value of total improvement cost = $1,788,552.44

Explanation:

As per the data given in the question,

Regular deposit amount = $250,000

No. of period = 5 years

Interest rate = 18%

Future value = Regular deposit amount × [((1+interest rate per period)^no. of period - 1) ÷ interest rate per period]

Face value = $250,000×[((1+0.18)^5-1) ÷ 0.18]

= $250,000×7.154

= $1,788,552.44

Future value of total improvement cost = $1,788,552.44

7 0
3 years ago
With access to the Internet nearly universal in the United States, many potential market segments have become more perceptive. r
NeX [460]

Answer: reachable

Explanation:

It’s right trust me!

5 0
3 years ago
A company sells a product for $3. Direct materials are $1.80 per unit. The company prepares a flexible budget at two sales volum
strojnjashka [21]

Answer:

$150 for budgeted direct materials and $180 for budgeted direct materials.

Explanation:

You take direct materials of 1.80 x sales volume of 50 units= budgeted direct material $90

To find a sales volume of 60 units, you take $1.80 of direct material X sales volume of 60 units= budgeted direct material of 108.

3 0
2 years ago
If the fed believes the economy is about to fall into​ recession, it should
Otrada [13]
<span>If the Fed believes the economy is about to fall into​ recession, it should use an expansionary monetary policy to lower the interest rate and shift AD to the right. When using an expansionary monetary policy a central bank will use its tools to stimulate the economy. They increase the supply of money, lower interest rates and increase aggregate demand. 

</span>
5 0
3 years ago
What is the difference between limited liability and unlimited liability
SOVA2 [1]

Answer:

Limited liability means the business owners' liability for debts is restricted to the amount they put into the business. With unlimited liability, the business owner is personally responsible for any loss the business makes.

Explanation:

5 0
2 years ago
Other questions:
  • A. how many tins of popcorn balls should i try to sell through each store?
    13·1 answer
  • What positive qualities of a human resources professional help her or him explain company policies
    13·1 answer
  • Researchers have defined the marketing problem. what is the next step in the marketing research process? A. Interpret the data.
    5·2 answers
  • Amy, Allyson, and Kelly work in different teams at Oaktown Powersports. Amy's team ensures that all the raw materials, machinery
    13·1 answer
  • Libby Company manufactures a single product by a continuous process, involving the production departments. The records indicate
    13·1 answer
  • Retail managers can use ________ to determine which inventory items require the most attention.
    10·1 answer
  • Explain the criticisms of labor unions today. 25 POINTSS​
    7·2 answers
  • Dr. Peabody contributed $5,000 in cash to the company. Which of the following statements is correct?
    6·1 answer
  • Is It Possible To Be An Exterminator If Your Scared Of Every Known Bug, insect Or Termite Known To Man Kind Like (Ants,Bees,Bed
    11·2 answers
  • ​a network of manufacturers and service providers that work together to convert and move goods from the raw materials stage thro
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!