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Lelu [443]
3 years ago
11

Thelma and Louie, Inc., started the year with a balance of retained earnings of $547 million and ended the year with retained ea

rnings of $594 million. The company paid dividends of $37 million to the preferred stockholders and $77 million to common stockholders.
Calculate Thelma and Louie’s net income for the year.
Business
1 answer:
Elis [28]3 years ago
8 0

Answer:

$161 million

Explanation:

Given that,

Opening Retained earnings balance = $547 million

Ending retained earnings balance = $594 million

Dividends paid to preferred stockholders = $37 million

Dividends paid to common stockholders = $77 million

Net Income:

= Change in Retained earnings + Preferred Stock Dividend + Common Stock Dividend

= ($594 million - $547 million) + $37 million + $77 million

= $47 million + $37 million + $77 million

= $161 million

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Because you understand the law of supply, you can deduce that the correct graphical representation of the supply for CDs must be
Bas_tet [7]

Answer:

S1

Explanation:

Law of Supply, is the law which states or claims that all else being constant or equal, then the quantity supplied of the good increases when the price of the goods also increases.

Ans this states the positive relationship among the price and the quantity, thus an upward sloping curve. Therefore, it is the curve (supply curve), which is more likely for the CDs.

This curve shows the relationship among the amount that the sellers willing to and able to supply and the price of the CDs, which is called as the quantity of CDs supplied.

3 0
3 years ago
In​ 1982-84 dollars, the real average hourly wage rate in 2003 was ​$8.28 and in 2004​, it was ​$8.24. In 2003​, the C
Rufina [12.5K]

Answer:

The nominal wage in 2003 = $15.22

The nominal wage in 2004 = $15.565

Explanation:

Inflation = [ ( CPI of 2003 - CPI of base year ) ÷ CPI of Base year ] × 100

= [ ( 184 - 100 ) ÷ 100 ] × 100

= 84%

Therefore,

The wage will increase by this inflation to be nominal

= 8.28 × (1.84)

= $15.23

Similarly

Inflation = [ ( CPI of 2004 - CPI of base year ) ÷ CPI of Base year ] × 100

= [ ( 188.9 - 100 ) ÷ 100 ] × 100

= 88.9%

Therefore,

The wage will increase by this inflation to be nominal

= 8.24 × (1.889)

= $15.565

Hence,

The nominal wage in 2003 = $15.22

The nominal wage in 2004 = $15.565

3 0
3 years ago
Monsters Incorporated (MI) in ready to launch a new product. Depending upon the success of this product, MI will have a value of
jek_recluse [69]
A and then d i’m pretty sure
7 0
4 years ago
Freedom Wine receives an average of $684,006 in checks per day. The delay in clearing is typically 1.3 days. The current interes
olga55 [171]

Answer:

$213.40

Explanation:

Freedom Wine

Maximum daily fee =

(Received average in check per day × delay in clearing days) × Current interest rate percent per day

Maximum daily fee = ($684,006 ×1.3) × 0.00024

=$889,207.8×0.00024

= $213.40

Therefore the highest daily fee the company should be willing to pay to eliminate its float entirely will be $213.40

5 0
3 years ago
had $18,750 of investor-supplied operating assets (or capital), the weighted average cost of that capital (the WACC) was 9.5%, a
Allisa [31]

Answer:

$1,503.75

Explanation:

Sales $12,500

Operating costs $7,025

Operating income (EBIT) $5,475

WACC 9.5%

Tax rate 40%

Investor-supplied capital $18,750

EVA = EBIT(1 - T) - Investor Capital × WACC

EVA = $3,285.00 -$1,781.25

EVA = $1,503.75

Therefore the management add $1,503.75 value to stockholders' wealth during the year.

5 0
3 years ago
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