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Yuki888 [10]
3 years ago
15

Red Carpet Industries had retained earnings of $537,500 and $135,000 of net income. On its previous balance sheet, at 12/31/18,

the company had reported $445,000 of retained earnings. No shares were purchased during 2019. How much in dividends did the firm pay during 2019?
Business
1 answer:
kakasveta [241]3 years ago
6 0

Answer:

$42,500

Explanation:

Red carpet had retained earnings of $537,500 and a net income of $135,000

On the previous balance sheet the retained earnings that was reported was $445,000

The first step is to calculate the change in retained earnings

= $537,500-$445,000

= $92,500

Therefore the amount of dividend paid by the firm can be calculated as follows

=Net income-change in retained earnings

= $135,000-$92,500

= $42,500

Hence the dividend paid by the firm during 2019 is $42,500

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You are considering purchasing stock S. This stock has an expected return of 12 percent if the economy booms, 8 percent if the e
Ymorist [56]

Answer:

e. increase as the probability of a boom economy increases.

Explanation:

The most economic growth occurs when the economy is in boom state. This results in the highest rate of return on investments compared to all other states such as normal, recession. In this case, if the probability of boom economy increases, stock S will have an overall increase in expected return; it means that there is higher chance of earning 12% return which is the highest among those in other economy states. This makes choice E correct.

7 0
3 years ago
What is the law of comparative advantage?
Lelu [443]

<u><em>A country is better off producing the goods and services that it has a comparative advantage supplying.</em></u>

<u><em></em></u>

3 0
3 years ago
Wilturner Company incurs $76,000 of labor related directly to the product in the Assembly Department, $25,000 of labor not direc
coldgirl [10]

Answer:

correct option is b) $76,000 and $37,000

Explanation:

given data

Labor related directly to the product = $76,000

labor not directly related to the product = $25,000

labor for services = $12,000

solution

As here Direct Labor is express as

Direct Labor  = Labor related directly to the product   ...............1

so

Direct Labor = $76,000

and

Factory Overhead will be as

Factory Overhead = Labor not directly related to the product + labor for services  ,................................2

put here value and we get

Factory Overhead  $25000 + $12000

Factory Overhead = $37,000

so here correct option is b) $76,000 and $37,000

6 0
3 years ago
assume the fixed overhead per unit was $1.50 for both the beginning and ending inventory. what is net income under absorption co
Nesterboy [21]

Answer:

Net income under absorption costing is <u>$904,370</u>.

Explanation:

Note: This question is not complete and it contains an error in the only available data. The complete correct question is therefore provided before the question is answered as follows:

Kluber, Inc. had net income of $908,000 based on variable costing. Beginning and ending inventories were 55,800 units and 53,600 units, respectively. Assume the fixed overhead per unit was $1.65 for both the beginning and ending inventory. What is net income under absorption costing?

The explanation to the answer is now given as follows:

Variable costing is a costing technique that takes only the variable cost into consideration and exclude the fixed manufacturing overhead from the production production cost of a product.

Absorption costing is a costing technique in which the fixed overhead cost of production is allocated to products produced.

For this question, net income under absorption costing can be determined as follows:

Net income based on variable costing = $908,000

Total beginning fixed overhead = Beginning inventories * Fixed overhead per unit = 55,800 * $1.65 = $92,070

Total ending fixed overhead = Ending inventories * Fixed overhead per unit = 53,600 * $1.65 = $88,440

Adjustment for fixed overhead for the period = Total ending fixed overhead - Total beginning fixed overhead = $88,440 - $92,070 = -$3,630

Net income under absorption costing = Net income based on variable costing + Adjustment for fixed overhead for the period = $908,000 + (-$3,630) = $908,000 - $3,630 = $904,370

Therefore, net income under absorption costing is <u>$904,370</u>.

7 0
3 years ago
How should Product Backlog items be chosen when multiple Scrum Teams work from the same Product Backlog
marishachu [46]

It should be noted that the product backlog item can be chosen as the scrum team with the highest velocity pulls product backlog items first.

<h3>What is product backlog?</h3>

A product backlog simply means a prioritized list of work that is gotten from the requirements available.

The product backlog item can be chosen as the scrum team with the highest velocity pulls product backlog items first.

Learn more about product backlog on:

brainly.com/question/4841869

7 0
2 years ago
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