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mafiozo [28]
3 years ago
7

Jensen Enterprises paid $900 in dividends and $920 in interest this past year. Common stock increased by $1,200 and retained ear

nings decreased by $306. What is the net income for the year?
Business
1 answer:
Gennadij [26K]3 years ago
4 0

Answer:

Net income for the year: 1,206

Explanation:

from the RE formula we have:

Beginning \: RE +/- Net \: Income(loss) - Dividends = Ending \: RE

If RE decreased by 306 then:

beginning - ending = -306

we can shape the initial formula doing:

Beginning \: RE - Ending \: RE +/- Net \: Income(loss) - Dividends = 0

We post the value of the change in RE and the dividends

(306) +/- Net \: Income(loss) - 900 = 0

Net Income = 900+306 = 1,206

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blondinia [14]

Answer:

option (c) 9%

Explanation:

Data provided in the question:

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5 0
3 years ago
According to the Monetarist theory, _____________is a critical causal force that determines the nominal GDP..
aivan3 [116]

Answer:

money supply

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7 0
3 years ago
common lit capataliasmn-Which phrase best describes the relarionship between workers and bussiness owners in capatalists cociety
vesna_86 [32]

Answer:

In order for the government to be able to help with a problem, the problem must be brought to the proper of government and the proper.In order for the government to be able to help with a problem, the problem must be brought to the proper of government and the proper.

Explanation:

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Which of the following is NOT an advantage of​ e-tailing over traditional​ brick-and-mortar retailing? A. The ability to offer a
Julli [10]

Answer:

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