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
Lelechka [254]
3 years ago
5

Fashion, Inc. had a Retained Earnings balance of $16,000 at December 31, 2021. The company had an average income of $6,500 over

the next 3 years, and an ending Retained Earnings balance of $15,000 at December 31, 2024. What was the total amount of dividends paid over the last three years
Business
1 answer:
avanturin [10]3 years ago
4 0

Answer:

Total amount of dividends paid over the last three years is $20500

Explanation:

The net income of the company is either retained in the company or paid out as dividends. To calculate the value of the ending retained earnings, we use the following formula,

Ending balance = Beginning balance + Net Income - Dividends

We first need to calculate the total net income for the 3 year period. The total net income for the 3 year period is, 3 * 6500 = $19500

Plugging in the available values for the ending and beginning balance of retained earnings and net income, we can calculate the value of total dividends paid for the three year period.

15000 = 16000 + 19500 - Dividends

Dividends = 35500 - 15000

Dividends = $20500

You might be interested in
Shell Enterprise is a soft toy manufacturer. It sells its toys to ToySpot, a company that sells a wide range of toys to the publ
geniusboy [140]

Answer:

ToySpot in this scenario is a soft toy retailer; this means it deals with customers directly and at the same location.

4 0
3 years ago
Suppose that the banking system in Canada has a required reserve ratio of 10 percent while the banking system in the United Stat
Mariulka [41]
I understand here the "money creation" to mean that the money would enter the circulation. Then the bigger amount of money creation is when less money needs to be retained by the banks!
and if the bank has to keep 10%, this is less than when it needs to keep 20% - so more money would enter the market in Canada!
6 0
3 years ago
Which of the following institutions may be owned by shareholders OR members?
Sladkaya [172]

Answer:

O Savings and loan associations

Savings and loan associations- best financial for businesses and contractor. Big benefits, big short-term loans.

6 0
3 years ago
The Gregor family installed a pool in their backyard but refused to put in a fence. While the Gregors were on vacation, a 10-yea
d1i1m1o1n [39]

The family of the boy will most likely sue the Gregors for not putting a fence around the pool in their backyard due to which their child has been injured.

<h3>What is a fence?</h3>

A fence is a structure built outside an area to cover it so that no one can escape or enter that area. It is a kind of a railing or a barrier usually made up of wood, wire, or steel bars.

If the Gregor family has put the fence around the pool in their backyard, then a ten-year-old boy can't able to enter the pool area which ultimately results in no injury to the boy. But the Gregor family has denied putting the fence which makes the ten-year-old injured when he jumps into the pool area.

Therefore, the injured boy's family will sue the Gregor family for not putting a fence around the pool area.

To learn more about the Gregor family in the mentioned link:

brainly.com/question/10680266

#SPJ1

8 0
2 years ago
The demand for a product is inelastic with respond to price if:<br> a.consumers are
Step2247 [10]
Not all of the answer choices are here
5 0
3 years ago
Other questions:
  • Assume a company pays out $100 in dividends in Year 1. What would the annual growth rate (rounded to the nearest 1%) for dividen
    13·1 answer
  • What should Susan's three main talking points be to convince her Mom that she should file her own tax
    10·1 answer
  • Shivers Ice Cream Company estimates its factory overhead costs to be $35,000 and machine hours to be 5,000 for the year.
    14·1 answer
  • In doing "aggregate planning" for a firm producing paint, the aggregate planners would most likely deal with:
    12·1 answer
  • You produce cars. You are willing to supply the most cars at a price level of ___
    11·2 answers
  • The proper style for an argumentative essay is?
    10·2 answers
  • What are different types of expenditure and examples of each
    7·1 answer
  • The IMF projects that​ China's real GDP per person will be​ 57,163 yuan in 2017 and​ 60,334 yuan in 2018 and that​ India's real
    13·1 answer
  • Pathways​ Careers, Inc. has two productslong dashResume Reader and Cover Letter Cure. Financial data for both the products​ foll
    12·1 answer
  • A __________ provides a summary of cash coming into and money going out of a firm from operations activities, financing activiti
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!