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
RoseWind [281]
2 years ago
15

Snowberry Corporation had a net increase in Retained Earnings of $182,000 for the year. The corporation also paid $56,000 of cas

h dividends that had been declared in the previous year. This year, the corporation declared $50,400 of dividends but has not paid them as of year-end. Given this information, the net income for the current year must have been:
Business
1 answer:
Zolol [24]2 years ago
6 0

Answer:

$232,400

Explanation:

Data provided

Net increase in Retained Earnings = $182,000

Dividend declared for the year = $50,400

The computation of net income for the current year is shown below:-

Net income for the current year = Net increase in Retained Earnings + Dividend declared for the year

= $182,000 + $50,400

= $232,400

Therefore for computing the net income for the current year we simply added the net increase in retained earning with dividend declared for the year.

You might be interested in
The debt ceiling is the total amount of money that the U.S. government is authorized to ______ to meet existing commitments.
swat32

Answer:

Borrow if you look up the definition you have your answer

Explanation:

6 0
3 years ago
An article in the Economist on the Irish economy​ argues, Irish​ progress, both economic and​ fiscal, is typically measured usin
anygoal [31]

Answer:

GDP is the value of the total production of final goods and services produced within a country (in this case Ireland), while Gross National Product (GNP), in this specific case, is the value of the total production of final goods and services produced by residents of the Ireland (individuals or businesses).

Since several corporations have international headquarters in Ireland due to special tax regimes, e.g. Apple, Microsoft, Google, Intel, Pfizer, FB, etc., and many of those corporations manage all their world trade (except local trade in the US) through those offices, they are very large and wealthy.

4 0
2 years ago
Donnie's Donuts incurs $450,000 per year in explicit costs and $200,000 in implicit costs. The bakery earns $800,000 in revenues
marshall27 [118]

Answer:

$150,000

Explanation:

Given that

Total revenue = $800,000

Explicit cost = $450,000

Implicit cost = $200,000

The computation of the accounting profit is as shown below :-

= Total revenue - Total cost

= $800,000 - $650,000

= $150,000

Total cost = Explicit cost -Implicit cost

= $450,000 + $200,000

= $650,000

Therefore for calculating the accounting profit we simply deduct the total cost from total revenue.

5 0
3 years ago
Emerald Jewelery Store had a credit balance in interest payable of $200 at the beginning of the period, and a credit balance of
Evgesh-ka [11]

Answer:

Net income will be decreased by $150.

Explanation:

Given:

The credit balance of interest payable (Opening) = $200

Credit balance of interest payable (Closing) = $50

Net income will be decreased by $150.

Decreased net income = credit balance of payable (Opening)  - credit balance (Closing)

Decreased net income = $200 - $50

Decreased net income = $150

The interest of $150 was paid which would reduce the net profit.

7 0
3 years ago
Google estimates that the emissions of over 2,000 cars are prevented every day because of its free electric car charging station
Tomtit [17]

Answer:

social responsibility initiative

Explanation:

Based on the information provided within the question it can be said that in this scenario this is an example of a social responsibility initiative. This term refers to when companies take the initiative in order to create something that better helps society as a whole or the planet. Which Google seems to be doing both in this scenario, by providing free charging stations and lowering the worlds carbon emission.

7 0
3 years ago
Other questions:
  • A company will buy 1000 units of a certain commodity in one year. It decides to hedge 80% of its exposure using futures contract
    9·1 answer
  • Olivia is trying to save for a new laptop computer. To help her save, she should start a _____.
    11·2 answers
  • The more precisely defined the target market is, the _____ the numbers are to estimate.
    9·2 answers
  • George Jefferson established a trust fund that will provide $170,500 per year in scholarships. The trust fund earns an annual re
    7·1 answer
  • A friend offers you a Coke, a Dr. Pepper, or a 7-Up. You don't like Coke, so after some thought, you take the Dr. Pepper. What i
    12·1 answer
  • Jeremy owns a muffler shop in a large city. He provides services such as muffler repair, replacement, and minor car repair work.
    5·1 answer
  • The gross rent multiplier is used as a guideline for estimating value based on ___.
    15·1 answer
  • The principle of diminishing returns to capital states that if the amount of labor and other inputs employed is held constant, t
    8·1 answer
  • A local university has a student population that is 55% male. 60% of students are undergraduates. 38% are both male and undergra
    15·1 answer
  • Which energy system provides energy for tasks that demand a high rate of energy expenditure for a short period of time?
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!