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
elena-s [515]
3 years ago
14

The first year of operations for a company was Year 1. The net income for Year 1 was $21,100 and dividends of $12,550 were paid.

In Year 2, the company reported net income of $35,100 and paid dividends of $5,550. At the end of Year 1, the company had total assets of $161,000. At the end of Year 2, the company had total assets of $ $251,000. What was the amount of retained earnings at the end of Year 1?
Mathematics
1 answer:
leonid [27]3 years ago
6 0

Answer:

Amount of retained earnings at the end of Year 1 was $8,550

Step-by-step explanation:

In Year 1

net income= $21,100

dividends = $12,550

In Year 2

Net income = $35,100

Paid dividends = $5,550

At the end of Year 1, the company had total assets of $161,000

At the end of Year 2, the company had total assets of $ $251,000

Retained Earning at the end of Year 1 = Opening balance + Net Income - Dividend paid

Retained Earning at the end of Year 1 = 0 + 21,100 - 12,550 = 8550

You might be interested in
Can you guys help me find the domain? (finding the domain graphically)
malfutka [58]

Answer:

Another way to identify the domain and range of functions is by using graphs. Because the domain refers to the set of possible input values, the domain of a graph consists of all the input values shown on the x-axis. The range is the set of possible output values, which are shown on the y-axis.

Step-by-step explanation:

Hope this helps i would give answer but i dont know what the answer is so sorry but hope this helps you.

3 0
2 years ago
Which algebraic property could be used to rewrite 4x + 2y as 2y + 4x?
Taya2010 [7]
The answer is C
Commutative Property of Addition
5 0
3 years ago
Read 2 more answers
Simplify. Re-write in radical form last, simplify any roots if possible. <br><br> (x^6)^1/8
GREYUIT [131]
I hope this helps you


x^6.1/8


x^3/4


4Vx^3



(4.square root of x^3)
3 0
3 years ago
Somebody pls help me with this question pls
monitta
292in^3
3x6x10=180 because I’ve split the shape in half
7x4x4=112
180+112=292
4 0
2 years ago
Ana drinks chocolate milk out of glasses that each hold 1/8 of a liter
maxonik [38]

Answer:

5 3/5

Step-by-step explanation:

Convert 1/8 to 10/80 and 7/10 to 56/80 56/10= 5 3/5

7 0
3 years ago
Other questions:
  • What number is 40% of 760?\<br> answer asap
    13·2 answers
  • Awaste management company is designing a rectangular construction dumpster that will be twice as long as it is wide and must hol
    9·1 answer
  • If you start with a number divide it by 4 then multiply it by two you end up with 8 squared
    14·1 answer
  • Draw an open shape and closed shape.Label your picture
    7·2 answers
  • What is the surface area of the right prism given below?
    6·1 answer
  • Joey is constructing the circumscribed circle for △RST . He has already used his compass and straightedge to complete the part o
    12·2 answers
  • Total pay before deductions is known as
    5·1 answer
  • Marcia has one cup of tea each day for 7 days. She puts 2/3 tablespoons of honey in each cup of tea. Write an equation that repr
    9·1 answer
  • ASAP! GIVING BRAINLIEST! Please read the question THEN answer CORRECTLY! NO guessing. I say no guessing because people usually g
    7·1 answer
  • How would i simplify 1/2 (8x+2)
    6·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!