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Ksenya-84 [330]
3 years ago
10

Fashion, Inc. had a Retained Earnings balance of $13,000 at December 31, 2018. The company had an average annual income of $6,50

0 over the next 3 years, and an ending Retained Earnings balance of $13,000 at December 31, 2021. What was the total amount of dividends paid over the last three years?
1.$18,750.
2.$19,500.
3.$21,000.
4.$22,500.
Business
1 answer:
kompoz [17]3 years ago
6 0

Answer:

2.$19,500.

Explanation:

The computation of the amount of dividend is shown below:

As we know that

Ending retained earning balance = Beginning retained earning balance + net income - cash dividend paid

$13,000 = $13,000 + $6,500 × 3 years - cash dividend paid

So, the cash dividend paid is $19,500

We simply applied the above formula

Hence, the correct option is 2.

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Classify each of the studies as either descriptive or inferential. Explain your answers.
Ludmilka [50]

Answer: Descriptive statistics uses the data to provide descriptions of the population, either through numerical calculations or graphs or tables. Inferential statistics makes inferences and predictions about a population based on a sample of data taken from the population in question.

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Washington, DC $436 0.990 2.88%

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8 0
3 years ago
Clonex Labs, Inc., uses a process costing system. The following data are available for one department for October:
Alex73 [517]

Answer:

Equivalent units of Production = 46500 & 37800

Explanation:

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Clonex Labs, Inc.                                           Materials   Conversion

Units transferred to the next department:    24000        24,000

Ending work in process :

Materials : 30000x75%                                  22500

Conversion : 30000x46%                                                    13800

                                                                      -------------        -------------

Equivalent units of Production =                    46500           37800            

                                                                     =========        ========  

3 0
3 years ago
Deductible transportation expenses: a.Do not include daily expenses for transportation between the taxpayer's home and temporary
ad-work [718]

Answer: c. Do not include the normal costs of commuting

Explanation: deductible expenses do not include the normal costs of commuting. Deductible expenses can be subtracted from a company's income before it is subject to income tax. Therefore they reduce tax liability. Utilities, wages, rent, auto expenses, meals and entertainment, some business expenses such as advertising, employee benefits, insurance etc. are examples of expenses that can be deducted from a company's income.

3 0
2 years ago
Consider the following duopoly in which the two firms sell a homogeneous product. The inverse demand is given by p = 10 − 1 2 Q.
Feliz [49]

Answer:

Price will be 6.6

Explanation:

You can find the attached file.

Download docx
3 0
3 years ago
1. Mixed economies have aspects of both
Ronch [10]
1) Mixed economies are a mix of Command (regulated by the government) and free (Market) economy - the answer is b)
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4) this indicator would be a steady, but low inflation - but inflation is bad for the economy but lack of inflation is not really stable
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