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4 years ago

Life skill class

Business

1 answer:

lozanna [386]4 years ago

5 0

C. A teacher (it is always good to consult an adult regarding rumors or school wrong-doings)

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the ending retained earnings balance of lambert inc. increased by $2.6 million from the beginning of the year. the company's net

S_A_V [24]

The amount of dividends Lambert Inc. declared and paid is $5.2 million.

<h3>What is dividend?</h3>

A dividend refers to the sum paid to people who invest in a company, at the end of the financial year. In other words, it is a reward paid to the shareholders for their investment in a company's equity.

We know that:

Closing retained earnings

= Opening retained earnings + net income earned - dividend paid

Then,

The ending Retained Earnings balance of Lambert Inc. increased by $2.6 million from the beginning of the year

Also, net income earned during the year is $7.8 million

Hence,

Dividend paid

= -$ 2.6 million + $7.8 million

= $5.2 million

With regards to the above, the amount of dividends Lambert Inc. declared and paid is $5.2 million.

Learn more about dividend here: brainly.com/question/13991661

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4 0

2 years ago

Wiki Wiki Company has determined that the variable overhead rate is $4.50 per direct labor hour in the Fabrication Department. T

stellarik [79]

Answer:

Monthly factory overhead flexible budget

9000 HRS 10000 HRS 11000 HRS

Variable Overhead 40,500 45,000 49,500

Fixed Overheads 60,000 60,000 60,000

Total Overhead Costs 100,000 105,000 109,500

Explanation:

Fixed Costs do not change with the level of activity and thus remain the same for activity of 9,000 : 10,000 and 11,000 hours whilst variable overheads vary with the level of activity.

5 0

4 years ago

During the first two years, Supplies, Inc. drove the truck 15,000 and 22,000 miles, respectively, to deliver merchandise to its

Oksi-84 [34.3K]

Answer:

Depreciation Expense for the 2nd Year= $11,000`

Explanation:

Depreciation Expense = (Cost- Salvage Value)* Actual Activity Performed

During the 2nd year

Total Estimated Lifetime Activity Of the Asset

Depreciation Expense= ($ 175,000- $ 25,000) * 22,000/ 300,000

Depreciation Expense= ($ 150,000) * 22,000/ 300,000

Depreciation Expense= ( 3300,000,000/ 300,000

Depreciation Expense= $11,000

Depreciation Expense = (Cost- Salvage Value)* Actual Activity Performed

During the 1st year

Total Estimated Lifetime Activity Of the Asset

Depreciation Expense= ($ 175,000- $ 25,000) * 15,000/ 300,000

Depreciation Expense= ($ 150,000) * 15,000/ 300,000

Depreciation Expense= ( 2250,000,000/ 300,000

Depreciation Expense= $7500

7 0

3 years ago

A stock character is one that's

Harman [31]

A stock character is a stereotypical person who often appears in literature. It is a stereotypical character who is characterized by his or her flatness, meaning they are not complicated.

8 0

3 years ago

Suppose a monopolist discovers a way to perfectly price-discriminate. Under this scenario, consumer surplus is . What are the ef

natali 33 [55]

Answer:

The correct answer is: zero; zero.

Explanation:

If a monopolist discovers a way to perfectly discriminate, it means that the monopolist will charge equal to the willingness to pay from each consumer.

The consumer surplus is the difference between the maximum price a consumer is willing to pay and the price it actually pays.

Since each consumer is paying price equal to its willingness to pay, the consumer surplus will be zero.

There will be no efficiency costs. The monopolist will sell output where the maximum price the consumer is willing to pay is equal to or greater than the marginal cost. So all efficient trades will occur, there will be no efficiency costs.

4 0

3 years ago