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Olin [163]
3 years ago
8

On 12/31/2020, Heaton Industries Inc. reported retained earnings of $425,000 on its balance sheet, and it reported that it had $

172,500 of net income during the year. On its previous balance sheet, at 12/31/2019, the company had reported $555,000 of retained earnings. No shares were repurchased during 2020. How much in dividends did Heaton pay during 2020? Select the correct answer. a. $302,442 b. $302,269 c. $302,327 d. $302,384
Business
1 answer:
Pani-rosa [81]3 years ago
4 0

Answer:

The amount of dividend paid by Heaton:         $

Retained profit as at 31/12/2019                   555,000

Add: Net income for the year                       <u>172,500</u>

                                                                       727,500

Less: Retained earnings as at 31/12/2020   <u>425,000</u>

Dividend paid in 2020                                  <u>302,500</u>

The amount of dividend paid in 2020 is $302,500, which is close to $382,442.

The correct answer is A

Explanation:

The dividend paid in 2020 equals the retained earnings at the end of 2019 plus the net income for the year minus the retained earnings at the end of 2020.

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4 years ago
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Answer: Pooled delivery consolidation.

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7 0
3 years ago
How is value added different from profit
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5 0
4 years ago
As a student in the Principles of Management class of Ama Ghana University, you are expected to have experiential knowledge so t
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Answer:

The organization structure is not clearly defined, Managers are performing duties in various departments at a time.

Explanation:

San Consulting is one of the finest consulting firm in the Greater Accra Region. The firm is always a first choice for individuals who want to pursue their career in business. The Organizational structure of San Consulting is not clearly defined. San's profits are falling because management practices are not according to the other competitive organizations. The managers working at San are facing excess workload and pressure for their work. Their job descriptions is not clearly defined and they are forced to work in multiple departments at the same time due to which they are losing focus on their own work.  

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Question 2: The organizational structure needs to be set and every employee should have their defined job role so they are able to complete work with efficiency.  

Question 3: The profits of San consulting will rise as there will be less duplication of work and every employee will be able to focus on their own task and will work with efficiency.  

Question 4: Matrix. The matrix organizational structure is not suited in this organization. The right organizational structure for San consulting will be Functional Structure.  

Question 5:  

(i) The profits for San Consulting will decline  

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8 0
3 years ago
Innovative Products reported net income of $205,000. Beginning and ending inventory balances were $40,000 and $45,000, respectiv
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Answer:

= $198,000

Explanation:

A Cash flow statement records the movement of cash asset in an organization. It monitors the inflows and outflow of money in a financial year.

For innovative products:

Cash  from net income: $ 205,000.00

Increase in inventory

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4 0
3 years ago
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