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aleksandrvk [35]
3 years ago
11

Superior has provided the following information for its recent year of operation: The common stock account balance at the beginn

ing of the year was $10,000 and the year-end balance was $15,000. The additional paid-in capital account balance increased $2,600 during the year. The retained earnings balance at the beginning of the year was $65,000 and the year-end balance was $80,000. Net income was $27,000. How much were Superior's dividend declarations during its recent year of operation?
Business
1 answer:
MrMuchimi3 years ago
4 0

Answer:

The $12,000 dividend declaration is made during its recent year of operation

Explanation:

In this question, we have to apply the formula which is shown below:

The ending balance of retained earning = Beginning balance of retained earnings + net income - dividend paid

$80,000 = $65,000 + $27,000 - dividend paid

$80,000 = $92,000 - dividend paid

So, the dividend paid equals to

= $92,000 - $80,000

= $12,000

These items would be displayed in the retained earnings statement

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A computerized inventory system that simulates needed materials requirements for the finished a product, and then compares production needs to available inventory balances to determine when orders should be placed is the ________.

<span>materials requirement planning system</span>

7 0
3 years ago
Bdj co. wants to issue new 19-year bonds for some much-needed expansion projects. the company currently has 8.8 percent coupon b
Musya8 [376]

Answer:

7.75%

Explanation:

We are given the present and future value of the bonds, the payments, and the number of payments, but we must determine the discount rate. Since I like to use excel, I will prepare a payment a series of cash flows to determine the internal rate of return:

  • initial cash flow = -1,128
  • 37 cash flows = 88
  • 38th cash flow = 1,088

using the IRR function:

=IRR(-1128,88 ... 37 times,1088) = 7.75%

In order for Bdj Co. to be able to sell their bonds at par value, they should offer a 7.75% coupon rate.

7 0
3 years ago
Which of the following statements is CORRECT?a. One of the disadvantages of incorporating a business is that the owners then bec
mel-nik [20]

Answer:

Sole proprietorships and partnerships generally have a tax advantage over many corporations, especially large ones.

Explanation:

Sole proprietorships have a few advantages over different business substances. They are anything but difficult to frame, and the proprietors appreciate sole control of the business benefits. In any case, they likewise have disadvantages, the biggest of which being that the owner is personally liable for all business losses and liabilities.

5 0
3 years ago
Appraise the results of operations of Prestige Data Service. Is the subsidiary really a problem to Prestige Telephone Company? C
Yuki888 [10]

Solution:

Reducing hours would reduce demand for commercial revenue hours by 20%, from 138  hours to 110 hours. At that level, the total contribution would be:

110 hours x ($800 - $71.5) = $80,135 or $20,398 less than at present.

Raising the cost to $1,000 per hr for commercial clients would less demand by 30%. In March, the request had been for 138 hrs and a loss of 30% will also end up leaving 97 hrs of demand (138 hrs x 70 = 96.6 hrs).

Demand x Contribution per hour = Contribution 97 hours x ($1,000 - $71.50) = $90,064.5

Compare to present:

138 hours x ($800 - $71.50) = $100,533

The monthly contribution to fixed costs and income at $800 is greater by $10,469 than the contribution expected at $1,000. Therefore, the income will be higher if we retain the $800/hour price.

4 0
3 years ago
Khayyam Company, which sells tents, has provided the following information: Unit Sale price is $45; Unit variable cost is $11; T
sp2606 [1]

Answer:

Break even units of sales is 374 units.

Explanation:

The break even point in units is the number of units that the firm needs to sold to cover its total costs and break even. It is a point where total revenue is equal to total cost and there is no profit and no loss. The break even point in units is calculated using the following formula,

Break even in unit = Fixed costs / Contribution margin per unit

Contribution margin per unit = Selling price per unit - Variable cost per unit

Contribution margin per unit = 45 - 11 = $34

Break even in units = 12700 / 34 = 373.529 units rounded off to 374 units

4 0
3 years ago
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