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
Karolina [17]
3 years ago
8

Wendell Company provided the following pertaining to its recent year of operation:• Common stock with a $10,000 par value was

sold for $50,000 cash.• Cash dividends totaling $20,000 were declared, of which $15,000 were paid.• Net income was $70,000• A 5% stock dividend resulted in a common stock distribution, which had a $5,000 par value and a $23,000 market value.• Treasury stock costing $9,000 was sold for $7,000.How much did Wendell's retained earnings increase during the recent year of operation? A. $32,000B. $45,000C. $29,000D.$27,000
Business
1 answer:
den301095 [7]3 years ago
3 0

Answer:

Option (D) $27,000

Explanation:

Data provided in the question:

Cash dividends declared = $20,000

Dividends paid = $15,000

Net income = $70,000

Market value of the stock dividend = $23,000

Treasury stock = $9,000

Selling cost of the treasury stock = $7,000

Now,

Retained earnings increase during the recent year of operation will be

= Net income - Cash dividends declared - Market value of the stock dividend

= $70,000 -  $20,000 - $23,000

= $27,000

Hence,

Option (D) $27,000

You might be interested in
In late​ 2018, malnutrition was widespread in Venezuela. Writing in an opinion column in the New York Times​, Javier Corrales​ a
suter [353]

Answer: B. No. Imposing a price control below the equilibrium price in a market causes the quantity of the good available to consumers to fall because sellers will supply a smaller​ quantity, thereby causing some consumers to go without food that they would have been able to buy in the absence of the price control.

Explanation:

If price controls are introduced below the equilibrium price in the market, farmers or sellers will supply less to the market because they will not be incentivized to produce more seeing as they are not making what they should be making.

This, coupled with increased demand on account of food being cheaper, will lead to shortages which would mean that those that could have been able to afford the food at the equilibrium price would not be able to access food leading to even worse food shortages.

8 0
3 years ago
Mortgage loans made to borrowers with normal credit quality, but who lack the necessary documentation of their financial circums
Ne4ueva [31]

Mortgage loans made to borrowers with normal credit quality, but who lack the necessary documentation of their financial circumstances typically needed to meet conforming mortgage standards would most likely be considered  alt-A loans.

  • A loan mortgage is a secured mortgage that lets in you to avail budget with the aid of using imparting an immovable asset, which includes a residence or industrial property, as collateral to the lender. The lender maintains the asset till you pay off the mortgage.
  • Alt-A is a category of mortgages with a chance profile falling among top and subprime. They may be taken into consideration excessive chance because of provision elements custom designed with the aid of using the lender. This kind of mortgage has a tendency to be extra pricey for the borrower, as they'll deliver better hobby charges and/or fees.

Thus the answer will be Alt- A loans.

To learn more about mortgage loan, refer: brainly.com/question/1318711

#SPJ10

4 0
2 years ago
Which of the following events would cause a rightward shift of the AD curvea rightward shift of the AD curve​, other things bein
Karolina [17]

Answer: C. There has been a decline in the foreign exchange value of the nation’s currency.

Explanation:

The Demand curve of a country can be written as an equation which is

C+I+G+(X-M)

C is consumption, I is investment, G is government expenditure, X is exports, M is imports and X-M is net exports.

When ever consumption, investment, government expenditure or net exports increase the demand curve shifts to the right and whenever they decrease the demand curve shifts to the left.

In this case when the value of the currency foreign exchange declines, the country reduce its imports because they are now more expensive as your currency's value is declining and the exports will increase because they will now be cheaper to foreign buyers as their currency is now gotten stronger. This decrease in imports and increase in exports will  increase net exports and an increase in net exports will shift the demand curve to the right

8 0
4 years ago
Mark s wife asked him how his first day at work went. He smiled and said everyone he met told him about how Jed McClusky single-
Nookie1986 [14]

Answer:

The correct answer is a. corporate stories.

Explanation:

Corporate stories are events that occurred in the past, which, because of their relevance to the development of the organization, serve as a reference to project into the future. What is sought with these types of events is to motivate, encourage employees to perform their tasks in the best way, trying to make every effort to achieve it.

7 0
3 years ago
Which motivation theory might explain one’s need for financial security?
Ymorist [56]
Which motivation theory might explain one’s need for financial security? I would say humanistic theory of motivation because I would consider it a basic human right to have financial security.
7 0
3 years ago
Other questions:
  • Property rights are
    7·1 answer
  • What are expenses that change as conditions change?
    13·2 answers
  • What stage of the rostow model is india in?
    11·1 answer
  • 5 Senaraikan empat contoh aktiviti perniagaan yang boleh diceburi dengan modal yang kecil
    11·2 answers
  • Last year Lowell Inc. had a total assets turnover of 1.40 and an equity multiplier of 1.75. Its sales were $295,000 and its net
    15·1 answer
  • What percentage tariff increase has nersa granted eskom for the financial period 2016/2017?
    5·1 answer
  • A firm has a long-term debt-equity ratio of .4. Shareholders’ equity is $1 million. Current assets are $200,000, and the current
    10·1 answer
  • Assembly department of Zahra Technologies had 200 units as work in process at the beginning of the month. These units were 45% c
    11·1 answer
  • I Will give brain if u give one to me
    13·1 answer
  • Esmeralda promises to pay fiorello $400 because ""he does not have as much money as other people. "" esmeralda’s promise is not
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!