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
timurjin [86]
2 years ago
14

Blossom Company began the year with retained earnings of $390000. During the year, the company recorded revenues of $489000, exp

enses of $379000, and paid dividends of $44500. What was Blossom's retained earnings balance at the end of the year
Business
1 answer:
Ronch [10]2 years ago
8 0

Answer:

$455,500

Explanation:

Retained Earnings are profits that have not been distributed as dividends to shareholders.  Dividends shared plus retained earning add up the total earnings by a company.

Retained earnings =  profits - dividends shared

In the year revenues were $489, 000

expenses were $379,000

profits were $489,000 - $379,000 =$110,000

The dividends paid in the year were $44,500. It means the retained earnings in the year are $65,000( $110,000 - $44500)

Retained earning in the year will be beginning retained earning plus year's retained earnings.

=$390,000 + $44,500

=$455,500

You might be interested in
Remeber it does not matter what people say about you, bc God loves you. Never think that no one loves you bc someone always will
Fed [463]

I appreciate this message a lot, thank you!

I wish more people were actually wholesome like you, we need more of this on the platform!

8 0
2 years ago
Briefly explain how the government uses taxation as a redistribution method
crimeas [40]

Answer:

The purpose of this is to increase economic stability.

8 0
3 years ago
Cavan Company prepared the following reconciliation between book income and taxable income for the current year ended December 3
nadezda [96]

Answer:

b. $80,000

Explanation:

The computation of the deferred portion of its provision for income taxes should be given below:

= $300,000 ÷ 3  years

= $100,000

Now

= 30% of $100,000 + 25% of $100,000 + 25% of $100,000

= $30,000 + $25,000 + $25,000

= $80,000

Therefore the option b is correct

5 0
2 years ago
XYZ stock price and dividend history are as follows: YearBeginning-of-Year PriceDividend Paid at Year-End2015 $130 $5 2016 144 5
Rina8888 [55]

Answer:

Arithmetic mean = 3.67%

Geometric mean = 3.02%

Explanation:

The following sorted data are given in the question:

Year           Beginning-of-Year Price         Dividend Paid at Year-End

2015                            $130                                            $5

2016                              144                                               5

2017                              120                                               5

2018                              125                                               5

Therefore, we have:

Arithmetic average return = Sum of returns/ number of years ………....….. (1)

Geometric average return = n * ((1+r1)*(1+r2)*(1+r3)…(1+rn)^(1/n) - 1 .……….. (2)

Where;

n = years 1, 2, 3….

r1, r2, r3… are the returns for year 1, 2, 3….

Return for each year = ((Current year Beginning-of-Year Price – Previous year Beginning-of-Year Price) + dividend) / Previous year Beginning-of-Year Price .................... (3)

Using equation (3), we have:

2016 Return = ((144 - 130) + 5) /130 = 0.146153846153846

2017 Return = ((120 - 144) + 5) /159 = -0.119496855345912

2018 Return = ((125 - 120) + 5) /120 = 0.0833333333333333

Using equation (1), we have:

Arithmetic mean = (2016 Return + 2017 Return + 2018 Return) / 3 = (0.1461538461538460 - 0.1194968553459120 + 0.0833333333333333) / 3 = 0.0367, or 3.67%.

Using equation (2), we have:

Geometric mean = ((1 + 2016 Return) * (1 + 2017 Return) * (1 + 2018 Return))^(1/3) - 1 = ((1 + 0.146153846153846) * (1 - 0.119496855345912) * (1 + 0.0833333333333333))^(1/3) - 1 = 0.0302, or 3.02%

3 0
3 years ago
a systematic and independent examination of project procedures, documentation, spending, statutory compliance, and reporting is
7nadin3 [17]

Answer:

Audit

<h3>What is an audit defined as?</h3>
  • Auditing is defined as the on-site verification activity, such as inspection or examination, of a process or quality system, to ensure compliance with requirements.
  • An audit can apply to an entire organization or might be specific to a function, process, or production step.

To learn more about it, refer

to brainly.com/question/28168942

#SPJ4

7 0
1 year ago
Other questions:
  • Corporation produces a semiconductor chip used on communications. The direct materials are added at the start of the production
    11·1 answer
  • Which type of franchising involves a franchisor licensing a franchisee to sell specific products under the​ franchisor's brand n
    13·1 answer
  • Q8. Smith Auto Dealership had beginning net fixed assets of $216,525 and ending
    7·1 answer
  • If an information system produces a useful report but the report is received after it is​ needed, the information system fails t
    10·1 answer
  • Managers analyze ___________ to determine whether the organization is earning income as expected or exceeding or falling short o
    7·1 answer
  • Only very large businesses can become corporations.<br> A. true<br> B. false
    6·1 answer
  • Both individuals and organizations can be consumers.<br> O True<br> O False
    10·1 answer
  • Your project sponsor is Shirley, the Chief Information Officer. She is a member of the hospital leadership team who controls the
    8·1 answer
  • 40! Points it’s an easy question !!!!!
    13·1 answer
  • From routine tasks to high-level command positions, police agencies can use ______________employees in management and administra
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!