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Otrada [13]
3 years ago
9

On 12/31/18, Hite Industries reported retained earnings of $475,000 on its balance sheet, and it reported that it had $135,000 o

f net income during the year. On its previous balance sheet, at 12/31/17, the company had reported $445,000 of retained earnings. No shares were repurchased during 2018. How much in dividends did the firm pay during 2018?a) $82,950 b) $111,300 c) $105,000 d) $127,050 e) $124,950
Mathematics
1 answer:
olganol [36]3 years ago
7 0

Answer:

Dividends = $105000

So option (c) will be correct answer

Step-by-step explanation:

We have given that Retained earning on 12/31/18 is $475000

And retained earning on 12/31/18 is $445000

Net income = $135000

Change in retained income = $475000-$445000 = $30000

We have to find dividends

We know that dividends is given by

Dividends = net income - change in retained income = $135000-$30000 = $105000

So option (c) will be correct answer

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An item is priced at $14.32. If the sales tax is 6%, what does the item cost including sales tax
Elina [12.6K]

Answer:

15.1792 or 15.18

Step-by-step explanation:

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8 0
3 years ago
Read 2 more answers
You are in charge of buying food for your family reunion. You spent $90 on hamburgers and turkey burgers. you pay $1.50 for each
Sidana [21]

Answer:

The equation representing the given situation is  1.50 X + 2 Y = 90

Step-by-step explanation:

Let X be the number of hamburgers purchased.

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So, the amount spent on X burgers = X times (cost of each burger)

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Y be the number of turkey burgers purchased.

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So, the amount spent on Y turkey burgers = Y times (cost of each burger)

= Y($2)  = 2 Y

Total amount spent on both type both burgers= $ 90

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or, 1.50 X + 2 Y = $90

Hence, the equation representing the given situation

is  1.50 X + 2 Y = 90

5 0
3 years ago
Solve for v 209=40-v
andrew-mc [135]

Answer:

-169

Step-by-step explanation:

We want to isolate v.

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Method 2:  Add v to both sides.  Then v + 209 = 40.

Now subtract 209 from both sides, obtaining -169.

6 0
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