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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

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The two key factors that cause labor productivity to increase over time are A. the quantity of capital per hour worked and the l
Sonja [21]

Answer:

The correct answer is option A.

Explanation:

Labor productivity refers to the hourly output of a country's economy.

It is also called workforce productivity. Labor productivity depends on human capital, physical capital and level of technology.

Labor productivity is measured by calculating the ratio of total output and total number of labor hours. It increases with improvement in technology, human capital and increase in physical capital.

3 0
3 years ago
Compare and contrast between bonds issued with coupon rate and zero-coupon bonds
Ostrovityanka [42]

Answer:

Compare and Contrast

  • Both bonds have face values.
  • Bond with coupon rate pays the interest whereas zero-coupon bond does not pay such interest periodically.
  • Bond with coupon rate is issued on the market value whereas zero-coupon bond is issued on deep discount value.
  • A Zero-coupon bond is more volatile than a bond with a coupon rate.
  • Usually zero-coupon bond has a higher yield rate than a bond with a coupon rate.
  • A zero-coupon bond may also help to save taxes whereas a bond with a coupon rate has tax consequences for the investor due to interest income.

Explanation:

Bond with a coupon rate

The bond issued with coupon rate has an interest rate which is used to calculate the interest payment or income. This bond is issued on the market value.

Zero-coupon Bond

The zero-coupon bond is a bond that does not have any interest and does not pay interest or receive interest income. This bond is issued at a deep discount value.

5 0
2 years ago
The present value of an annuity increases as the discount rate increases. Group of answer choices True False
allochka39001 [22]

Answer:

False

Explanation:

Discount rate and present value of an annuity are inversely proportionate to each other. If Discount rate increases, then the present value of an annuity decreases. If Discount rate decreases, then the present value of an annuity increases. The annuity FV payments are reduced based on the discount rate. So, the higher the discount rate, the lower the present value of the annuity is and the present value of an annuity is based on the time value of money

3 0
3 years ago
_____ includes any symbol, made with the intent to authenticate a writing.
kotykmax [81]
Signature includes any symbol, made with the intent to authenticate a writing. The confirmation that a signature on a document belongs to the person who has signed it is called signature authentication. There is also electronic signature authentication in order computer users to prove their identity. <span> E-mail, SMS, and knowledge based questions are examples of electronic signatures. </span>
7 0
3 years ago
As Thomas described his firm's landscape maintenance program to a buyer for Allentown Medical Center, the buyer interrupted, "Yo
zimovet [89]

Answer:

Direct denial.

Explanation:

As Thomas described his firm's landscape maintenance program to a buyer for Allentown Medical Center, the buyer interrupted, "Your program sounds like a winner, but I'm not interested in doing business because start-up landscaping firms go in and out of business in just a few months." Thomas responded with, "I'm sorry, but that simply is not true of our firm. We have been in the business for over 15 years." Thomas's response illustrates the <u>Direct denial</u> method of responding to objections.

Direct denial: It is a method of handling a prospect's objection by making a strong statement that is only appropriate when the prospect's statement is erroneous. Salesperson use this technique to handle objections. There are disadvantages to this technique is that it may also lead to an argument.

In the given case, Thomas´s response to the objection raised by the buyer was an example of a direct denial method of responding to objections.

5 0
3 years ago
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