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
ki77a [65]
4 years ago
8

In its most recent financial statements, Del-Castillo Inc. reported $30 million of net income and $970 million of retained earni

ngs. The previous retained earnings were $961 million. How much in dividends did the firm pay to shareholders during the year?
Business
1 answer:
Andrew [12]4 years ago
8 0

Answer:

the firm pay 39 millions dividends to his shareholders during the year.

Explanation:

The retained earnings identity is as follow:

beginning RE + net income - dividends = ending RE

we plug our values into the formula:

970 + 30 - dividends = 961

we clear dividends:

970 + 30 - 961 = dividends

And solve:

dividends = 39

<u>Notes:</u>

For every account, we always have this similar identity:

a beginning balance

a type of transaction that increase their balance

another kind of transaction which decreased

and a final balance which is the net of the previous.

beginning + increase - decrease = ending

Always try to identify how each transaction impact the account and from there, setup the equation.

You might be interested in
Some required but difficult tasks are not worth learning how to do well. true or false
-Dominant- [34]
The answer is false, it is better to know something through and through then by guessing. 
8 0
3 years ago
Read 2 more answers
What is the answer to life the universe and everything
Anit [1.1K]
The answer to everything is to find your inner and outer happiness. As long as you are happy, thats all that matters.
Hope this helps!
8 0
4 years ago
Read 2 more answers
Mercedes-Benz has a self-driving car capable of 80 miles-per-hour speed. You have to keep your hands on the wheel in this E-clas
Ket [755]

Answer:

I would use survey research to determine the general opinion, positive or negative, on the feature from the general public.  

Explanation:

When conducting any survey research, it is important to sample a wide variety of people. In this case, you would want to survey the general population, not just former Mercedes customers.  

I would design a focus group survey with a series of questions where participants can choose from a range, 0-5, on how much they agree with a certain statement.

At the beginning of the survey, participants would read a brief paragraph explaining the features on the new car before continuing to the part where they record their responses.

Once the survey is conducted, the data can be analyzed. If the majority, say 70%, of all people surveyed agree strongly that a self driving car is a good idea and that the world is ready then you can assume that the general population is in fact ready.

7 0
3 years ago
At the beginning of the year, a firm has current assets of $327 and current liabilities of $231. At the end of the year, the cur
nata0808 [166]

Answer:

Change in the Net working capital is $124

Explanation:

Working Capital can be define as the net amount between the Current Asset and Current liability of a particular year

It is better written as Working capital = Current Asset - Current Liabilities.

At the beginning of the year, the working capital is = $327 - $231 = $96

At the end of the year, the working capital is = $491 - $271 = $220

Change in Net working capital = $96 - $220

Change in Net working capital = $124

7 0
4 years ago
Andrea, an enterprising individual, wants to open a store in her town. She wants her store to be of the same type as a popular c
uysha [10]

Answer:

D. Franchisee

Explanation:

A franchisee can be defined as an individual who is a small business owner who operates a franchise. A franchisee is given license by the franchisor to run a business under the franchisor's trade mark, trade name and method of operations. A franchise is a business in which the owners sell the rights to their business trade mark, trade name, logo and method of operations to a third party outlet or individuals owned separately by who we refer to as the franchisee. In this case, Andrea wants to become a franchisee by opening the same type of popular coffee chain in her town that is found in a nearby town.

6 0
3 years ago
Other questions:
  • Amartya​ Sen, a professor of economics at Harvard and a Nobel​ Laureate, has​ argued: ​"For India to match China in its range of
    15·2 answers
  • Growth is a widely held economic goal primarily because it creates a more equal distribution of wealth and income.
    5·1 answer
  • The predisposition in which people's subjective confidence in their decision making is greater than their objective accuracy is
    8·1 answer
  • Food Goblin Supermarkets use both cashiers and baggers to serve customers at check out. During the first 6 hours of each workday
    6·1 answer
  • Caleb, the CEO of Doberry Edibles, is very particular about establishing and maintaining good interpersonal relations with his e
    12·1 answer
  • assume that one year ago you bought 100 shares of a mutual fund for 14 per share you recieved a 0.75 per share capital gain dist
    12·1 answer
  • Sally has invested $10,000 now and wants to earn a real interest rate of 10% per year. Assume that the inflation rate is 7% per
    15·1 answer
  • Mr. Capadona would like to purchase a Medicare Advantage (MA) plan and a Medigap plan to pick up costs not covered by that plan.
    8·1 answer
  • Which material would be the best insulator?<br> a) Plastic<br> b) copper <br> c) steel<br> d) wool
    14·2 answers
  • By paying close attention to customer needs and continuously monitoring the environment in which it operates, a good marketer ca
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!