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
Stells [14]
3 years ago
10

11.Jones and company had a balance in their retained earnings account at the end of 2020 in the amount of 990,000. They have for

ecasted net income in 2021 in the amount of 350,000. They pay an estimated 40% of their net income in dividends. What will be the addition to retained earnings at the end of 2021. What will be the ending balance in retained earnings at the end of 2021
Business
1 answer:
Allisa [31]3 years ago
8 0

Answer:

$210,000 and $1,200,000

Explanation:

The computation is shown below:

Given that

Ending Balance in retained earnings = $990,000

Net income = $350,000

Dividend paid in 2021 is

= 40% of net income

= 40% of $350,000

= $140,000

So, the Addition to retained earning is

= Net income - dividends

= $350,000 - $140,000

= $210,000

Now the ending balance in retained earnings is

= Beginning balance in retained earnings + addition to retained earnings

= $990,000 + $210,000

= $1,200,000

You might be interested in
Holly owns a dance studio. To improve sales of dance classes, she is reviewing how her marketing team could update the company's
ASHA 777 [7]

Answer:

b. website layout

c. email marketing

Explanation:

The website layout is the layout i.e created for a website. It should be attractive to the owners and users. Moreover it should be easy to navigate it so that if anyone could access to the website he or she could easily access it without any hurdle.

The email marketing is a technique in which we can send one message to large audience in the same time. It helps in saving cost and time

According to the given situation, the online customers struggled with website navigate and to find out the contact information related to the business

So to modify and help address her customer feedback the website layout and the email marketing plays a vital role and the same is to be considered

6 0
3 years ago
A bachelor's degree is earned at a ___.
Oksi-84 [34.3K]

Answer: four year college

Explanation: online

7 0
3 years ago
Assume the spot Swiss franc is $0.7000 and the six-month forward rate is $0.6950. What is the minimum price that a six-month Ame
Rama09 [41]

Answer:

2 cents

Explanation:

The spot price = $0.7000 = 70 cents, The forward rate = $0.6950 = 69.5 cents and the call option with striking price = $0.6800 = 68.00 cents

The annualized six month rate = 3 1/2 % = 3.5 %, therefore the rate = r/n, where n is the number of period per year = 2. Therefore r/n = 3.5% / 2 = 0.035 / 2 = 0.0175

The minimum price = Maximum (spot price - striking price, (forward rate - striking price) / (1 + 0.0175), 0) = Maximum(70 - 68, (69.5 - 68)/ 0.0175, 0)

Minimum price = Maximum (2 , 1.47, 0) = 2 cents

4 0
4 years ago
if there is a major problem in a country that leads to the rapid withdrawal of foreign investment, this is known as​
sukhopar [10]

<u>Answer:</u>

<em>If there is a major problem in a country that leads to the rapid withdrawal of foreign investment, this is known as​ International financial crisis </em>

<em></em>

<u>Explanation:</u>

The financial crisis was mainly brought about by deregulation in the budgetary business. That allowed banks to participate in support investments exchanging with subordinates. Banks, at that point, requested more home loans to help the productive clearance of these subordinates. They made intrigue credits that got moderate to subprime borrowers.

Big banks had the assets to become modern at the utilization of these convoluted subordinates. The money with the most muddled monetary items got the most cash flow.

5 0
3 years ago
Suppose business decision makers become more optimistic about the future and, as a result, increase their investment spending by
Art [367]

Answer:

$80 million

Explanation:

We know that

Multiplier = (1) ÷ (1 - marginal propensity to consume)

                = (1) ÷ (1 - 0.75)

                = (1) ÷ (0.25)

                = 4

Now the GDP would increase by

= Increase in  Investment spending × multiplier effect

= $20 billion × 4

= $80 million increase

We simply multiplied the investment spending increase with the multiplier effect

4 0
3 years ago
Other questions:
  • find examples of how intelligent systems can facilitate activities such as empowerment, mass customization, and teamwork
    13·1 answer
  • Self doubt is a result of ______.
    15·2 answers
  • A department store uses a perpetual inventory system. At year-end, the balance in the merchandise inventory account is $2 millio
    11·1 answer
  • Barney extends his lunch break beyond the allotted time. Wilma uses the office telephone for unauthorized personal phone calls.
    9·2 answers
  • Give brief definitions of the following concepts: Game theory, cooperative equilibrium, noncooperative equilibrium, dominant str
    11·2 answers
  • Your bond portfolio consists of $30 million worth of Treasury STRIPS with 7 years to maturity, and $10 million of Treasury notes
    7·1 answer
  • Assume PRC Corp., an equipment distributor, sells a piece of machinery with a list price of $600,000 to ACH Inc. ACH will pay $6
    11·1 answer
  • Government can reallocate resources away from private goods toward public goods, usually through Multiple Choice import tariffs
    12·1 answer
  • A good is nonrivalrous in consumption ifa. its consumption by one person does not reduce its consumption by othersb. its consump
    10·1 answer
  • Preparing a stakeholder register and performing a stakeholder analysis are part of which knowledge area?
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!