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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.

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To fund your dream vacation, you plan to save $1,475 per year for the next 15 years starting one year from now. If you can earn
muminat

Answer:

FV= $34,993.05

Explanation:

Giving the following information:

Annual deposit= $1,475

Number of periods= 15 years

Interest rate= 6.25%

<u>To calculate the future value, we need to use the following formula:</u>

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

FV= {1,475*[(1.0625^15) - 1]} / 0.0625

FV= $34,993.05

3 0
3 years ago
Time Remaining 36 minutes 46 seconds00:36:46 Item 6Item 6 Time Remaining 36 minutes 46 seconds00:36:46 A company's Cash account
Diano4ka-milaya [45]

Answer:

Cash account balance $5,680

- bank service fees ($47)

- NSF check ($190)

+ customer's note receivable $560

<u>+ interest earned $66                    </u>

adjusted cash account balance $6,069

Dr Bank fees expense 47

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7 0
3 years ago
If the firm’s beta is 1.6, the risk-free rate is 9%, and the average return on the market is 13%, what will be the firm’s cost o
Luden [163]

Answer:

CAPM= RF+B(RM-RF)

= 9+1.6(13-9)

=15.4%

13=RS+1.6*(4)

13=RS+6.4

RS=13-6.4

RS=6.6%

Explanation:

3 0
3 years ago
Match the term with its beliefs about the millenium.
xenn [34]

Answer:

a is premillenialism

b is postmillenialism

c is amillenialism

Explanation:

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8 0
3 years ago
If one worker produces 15 cones of ice cream in an hour, two workers produce 25 ice cream cones, and three workers produce 30 ic
Setler [38]

Answer:

The marginal return of production of the second worker or marginal product of the second worker is 10 cones.

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The marginal return of the production of the second worker is the contribution of the second worker in the total output.

Marginal return

= 25 cones - 15 cones

= 10 cones

5 0
3 years ago
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