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
german
3 years ago
10

Wilton Corporation had beginning retained earnings of $724,000 and ending retained earnings of $833,000. During the year, it iss

ued common stock totaling $47,000 and paid dividends of $50,000. What was its net income for the year?
Business
1 answer:
ryzh [129]3 years ago
7 0

Answer:

Explanation:

The ending retained earnings =  beginning retained earnings + net income - Dividends Paid

Net income = ending retained earnings - beginning retained earnings + Dividends Paid

                   = $833,000 - $724,000 + $50,000

                   = $159000.

Therefore, the net income for the year is $159000.

You might be interested in
A newspaper article once reported that the u.s. economy was experiencing a low rate of inflation. it said that "low inflation ha
noname [10]
I think policymakers would link social security payments to inflation to help the recipients with the increased cost of living due to inflation of prices also. I don't think small increases due to a low rate of inflation is a downside because the low rate of inflation means goods and services will not increase much in price so will still be relatively affordable. 
7 0
3 years ago
Flyaway Travel Company reported net income for 2021 in the amount of $90,000. During 2021, Flyaway declared and paid $2,125 in c
Jlenok [28]

Answer:

$1.85

Explanation:

Fyaway travels reported a net income of $90,000 for the year 2021

During 2021 they declared and paid a cash dividend of $2,125

They also paid $10,000 as cash dividend in common stock

Flyway has 40,000 shares outstanding

Therefore the 2021 basic earning per share can be calculated as follows

$90,000-2,125

= $87,875

40,000 shares+(10,000 shares×9/12)

40,000 shares +(10,000×0.75)

40,000+7500

= 47,500

87,875/47,500

= $1.85

Hence the basic earning per share for 2021 is $1.85

4 0
3 years ago
You are considering buying common stock in Grow On, Inc. The firm yesterday paid a dividend of $7.80. You have projected that di
Lina20 [59]

Answer:

The answer is $56.68

Explanation:

Solution

We recall that:

The firm paid a dividend of =$7.80

The projected growth of dividends is at a rate = 9.0%

The annual return = 24.0%

Now,

V = ($7.80 * (1.09)/(.24 - 0.9)

= (8.502)/(.24-0.9)

= (8.502) * (-0.66)

= $56.68

Therefore, this would be the most we would pay for the stock. If we paid less than that, our return would be above the 24%.

3 0
2 years ago
Grainger Company is a major automotive parts manufacturer operating in six countries. It has no restrictions on stock sales and
alisha [4.7K]

Answer:

The correct word for the blank space is: public.

Explanation:

A public corporation has sold stock through an<em> Initial Public Offering </em>(IPO) to the public and that stock is currently traded on a <em>public stock exchange</em> or the <em>Over-The-Counter</em> (OTC) market. The ability to sell public shares is very important to these businesses as it provides them with a source of capital for investment.

5 0
3 years ago
Name and discuss a South African organization/initiative that addresses each of the following social issues: inequality in gende
aleksandrvk [35]
Commission For Gender Equality,South Africa's HIV/AIDS Battle Plan, Child Line South Africa, and Women and Children Violence Prevention Act are some organizations. You can research these and discuss them on your own.
4 0
2 years ago
Read 2 more answers
Other questions:
  • Ronald works for a small biotech firm. When the firm presents the results of its clinical trialsto the FDA, Ronald realizes that
    5·2 answers
  • Grouper Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were
    6·1 answer
  • Economists have determined that the economy goes through a cycle of
    13·2 answers
  • During March, the production department of a process operations system completed and transferred to finished goods 23,000 units
    6·1 answer
  • Two ways in which an insurance company can contribute to the economic development of a country.
    14·1 answer
  • An export subsidy will ________ producer surplus, ________ consumer surplus, ________ government revenue, and ________ overall d
    15·1 answer
  • On July 1, 20X1, Georgia Inc., which uses UOP depreciation, purchases a machine for $16,000; the company estimates that the mach
    12·1 answer
  • Consider each of the transactions below. All of the expenditures were made in cash.
    7·1 answer
  • On August 24, Edward Charles offered to sell his 1967 Chevy Corvette Convertible for $150,000 to Mark Anderson. Anderson offered
    9·1 answer
  • which of the following is not typically involved in rescheduling activities of a troubled sovereign loan? group of answer choice
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!