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Tanya [424]
3 years ago
7

In its most recent financial statements, Del-Castillo Inc. reported $65 million of net income and $950 million of retained earni

ngs. The previous retained earnings were $937 million. How much in dividends did the firm pay to shareholders during the year? Enter your answer in dollars. For example, an answer of $1.2 million should be entered as 1,200,000.
Business
1 answer:
tatiyna3 years ago
5 0

Answer:

$52,000,000

Explanation:

The computation of the dividend paid to the shareholders during the year is shown below:

As we know that

Ending retained earnings balance = Opening retained earning balance + net profit of the year - dividend paid

$950 million = $937 million + $65 million - dividend paid

$950 million = $1,002 million - dividend paid

So, the dividend paid is

= $1,002 million - $950 million

= $52,000,000

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Love It Industries manufactures​ custom-designed playground equipment for schools and city parks. Love It expected to incur $ 78
faltersainse [42]

Answer:

Total manufacturing cost of job 302 :            $

Direct material cost                                        15,100

Direct labour cost(190hrs x $38)                  7,220

Manufacturing overhead(190hrs x $19)      3,610

Total manufacturing cost                             25,930

Overhead absorption rate = Budgeted overhead/Budgeted activity level

                                             = $784,700/41,300 hrs

                                             = $19

Explanation:

In this scenario, we need to add the direct material cost, direct labour cost and manufacturing overhead in order to obtain the total manufacturing cost. Overhead absorption rate is calculated from the company's budget provided in the question. Overhead is absorbed on direct labour hours. The direct labour hourly rate of $38 was provided in the question

8 0
3 years ago
Landers Flynn Inc. has 1,000 shares of $5 cumulative preferred stock outstanding. Dividends were not paid last year. The corpora
yanalaym [24]

Answer:

The preferred stockholders $10,000

Common stockholders $4,000

Explanation:

The cumulative effect of the preferred stock is that the holders are entitled to arrears of dividends, in other words, they would receive this year last year's dividends in addition to current year's.

annual preferred stock dividends=dividend per share*number of preferred stock.

annual preferred stock dividends=$5*1000=$5000

dividends for 2 years=$5000*2=$10,000

common stock dividends=$14,000-$10,000=$4000

8 0
4 years ago
M has four liens, which were recorded in the following order: $150,000 on the mortgage, $2,000 to a general contractor for a new
AnnyKZ [126]

Answer:

First the bank will collect its $150,000 and then the county will collect $2,500 in unpaid property taxes.

Explanation:

Generally, liens get in line depending on the time that they were recorded (contractor then credit card) but property taxes have superiority over other liens even f they were recorded before. After the foreclosure, the liens cease to exist, but not the debt. The property will still owe $500 in taxes and the previous owner will still owe $3,000 to the contractor and $12,000 in credit card debt.

4 0
4 years ago
Which of the following allows the insurer to relieve a minor insured from premium payments if the minor's parents have died or b
loris [4]

Answer:

The correct answer is a) Payor Benefit

Explanation:

When the payor dies or becomes disabled, the insurer will suspend the premiums until the child reaches 19 years old, the child must be under age 18, or up to age 19 and still attending high school. Usually, the payor is a parent (father, mother, brothers).

4 0
3 years ago
Overseas Shipping Corporation and Port Storage Company transfer their assets to Quality Operations, Inc., which manages the asse
Nostrana [21]

Based on the information given, it can be illustrated that the form of business organization that's depicted is a business trust.

A business trust is also known as common law trusts. They are legal instruments that provide a trustee the authority and power to be able to manage the interest of a beneficiary in a business.

Since Overseas Shipping Corporation and Port Storage Company transfer their assets to Quality Operations, Inc., which manages the assets and distributes the profits to the beneficiaries. This is known as a business trust.

Learn more about businesses on:

brainly.com/question/24388522

3 0
2 years ago
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