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notsponge [240]
3 years ago
14

Purple Dog Pet Supply Inc. (PDPS) released its annual results and financial statements. Eleanor is reading the summary in the bu

siness pages of today’s paper. In its annual report this year PDPS reported a net income of $180,000. Last year, the company reported a retained earnings balance of $510,000, whereas this year it increased to $600,000. How much was paid out in dividends this year?
Business
1 answer:
Effectus [21]3 years ago
6 0

Answer:

$90,000

Explanation:

Purple dog pet supply released its annual results and financial statement

It reported a net income of $180,000 this year

Last year the company reported a retained earnings of $510,000

This year it increased to $600,000

Therefore the amount that was paid out in dividend this year can be calculated as follows

= $180,000 + $510,000-($600,000)

= $690,000-$600,000

= $90,000

Hence the amount that was paid out in dividend this year is $90,000

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Tesla  is the company is the best one people wish to invest for next 3 decades, based on its management, product or business model, financial condition, consistent past and potential earning.

<h3>What is the management structure of Tesla?</h3>

According to management experts, Tesla is one company that has a practical organizational structure with a lot of hierarchical structure.

Tesla is a company that is reported to use functional centers that are well-structured and cover all aspect of their business operations, including finance, sales, marketing, and technology.

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5 0
2 years ago
The incomes of trainees at a local mill are normally distributed with a mean of $1,100 and a standard deviation $150. what perce
FinnZ [79.3K]
In this problem we are given the mean of $1100, SD of $150 and x equal to $900. In this case, we need to use the z-score table to answer the problem: 
z = (x-mean)/sd
z = (900-1100)/150
z = -1.33
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8 0
3 years ago
A bond with 25 years to maturity, 7% coupon, quoted on a 6.25% basis is callable in 10 years at 103, 15 years at 102, and 20 yea
eduard

Answer: 10 years to call

Explanation:

Maturity period = 25 years

Coupon rate = 7%

6.25% basis is,

  • Callable in 10 years at 103
  • Callable in 15 years at 102
  • Callable in 20 years at par

This bond is considered as premium bond. Therefore, in case of premium bonds, Yield to call will be lower than the yield to maturity. Here, the question is which call date should be utilized. According to the rule of thumb, it states that always use the term that is nearest to the whole call date.

Hence, on the customer's confirmation, the dollar price quoted must be based on 10 years to call.

8 0
3 years ago
The serving staff at mary's diner does not have to check with their supervisor before offering customers free dessert when the c
Airida [17]

This is an example of employee empowerment. This is giving employees a positive degree of independence and accountability for decision-making on the subject of their detailed organizational tasks. It lets decisions to be completed at the lower levels of an organization where workers have an exclusive view of the subjects and difficulties facing the organization at a certain level.

6 0
3 years ago
The Richmond Corporation uses the weighted-average method in its process costing system. The company has only a single processin
Digiron [165]

Answer:

$95,400

Explanation:

Step 1 : Find  the equivalent units of production in Ending Work in Progress

Materials = 18,000 x 100 % = 18,000 units

Conversion costs = 18,000 x 60 % = 10,800 units

Step 2 : Calculate the Cost of units in Ending Work in Progress

Cost of units in Ending Work in Progress = 18,000 x $2.75 + 10,800 x $4.25

                                                                    = $95,400

Conclusion :

The ending work in process inventory was $95,400.

3 0
2 years ago
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