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
11111nata11111 [884]
3 years ago
14

Electra Corp had Retained Earnings in 2017 of $750 million. In 2018, they recognized Net Income of $45 million and paid dividend

s of $10 million. Accordingly, their Retained Earnings in 2018 should be ________.
Business
1 answer:
andrezito [222]3 years ago
8 0

Answer:

$785 million

Explanation:

The computation of the ending balance of the retained earning is shown below:

The closing balance of retained earning = Opening balance of retained earnings + net income earned - dividend paid

= $750 million + $45 million - $10 million

= $785 million

While calculating the ending balance we have to deduct only dividend amount and other amounts are to be added

You might be interested in
You are the director of marketing. Your department has been doing well, but the company as a whole has been losing revenue stead
garik1379 [7]

Answer:

I. Thank employees for being willing to make a sacrifice for the good of the company.

II. State the facts of the company's financial situation.

III. Inform employees that they will receive a 15% pay cut.

IV. Close with forward looking statement.

Explanation:

The company's financial situation has led the managers to decide for a pay cut instead of lay off to improve the financial position of the company and stay in the budget. The company should appraise employees that they understand the company's situation and are willing to accept the pay cut. The director should inform employees about the current financial situation and provide details about the pay cut plan. The email should close with a forward looking statement and a statement that as soon as the situation of company gets better the employees will receive full salaries as always.

7 0
2 years ago
Was ist eine swot Analyse zusammengefasst
krek1111 [17]

Answer:

Define a Constitution of the most beautiful and the most beautiful North Cebu tourist spots I choose is Socrates

8 0
2 years ago
The u.s. federal government offers homeowners a tax deduction for their home loan interest payments. this reduction in taxes ser
stepan [7]
<span>This reduction in taxes serves as a "direct"  incentive to buy a house.


</span>There are direct incentives and indirect incentives, the difference between them are;Direct incentives are generally simple to perceive/aftereffect of an activity – Firm brings down the gas cost to pull in more clients and Indirect incentives are the hidden outcome of the move made – Pollution is a result of the expanded amount requested.
4 0
3 years ago
luis works as a marketing manager for a consumer products company. he feels strongly about the product lines he manages and is d
FrozenT [24]

The Luis product lines are among the company's top sellers. According to Q12 luis is classified as Engaged.

Engagement in business is the interaction of employers, VR, and other workforce development and education institutions that leads to measurable improvements in the desired outcomes for both sides. A product line is a collection of connected goods sold by the same business and marketed under a single brand name. Businesses promote numerous product lines under a variety of brand names to distinguish them from one another for the benefit of consumers. Businesses sell numerous product lines under numerous brand names, and the products are primarily distinguished by their quality, price, and intended market. There are various brand types, including corporate, product, personal, and service brands.

To learn more about product line visit brainly.com/question/27499240

#SPJ4

4 0
1 year ago
Jake’s Battery Company has two service departments, Maintenance and Personnel. Maintenance Department costs of $160,000 are allo
Inga [223]

Answer:

D. $96,000

Explanation:

We will allocate the cost on maintenance by first stablishing a rate per maintenence hour:

As this is direct method we aren''t doing an allocation to other service department we directly allocate against production department A and B

total hours:  480 + 320 = 800

160,000 total cost /800 hours = 200 per hour

Department B hours: 480

allocate to department B: 480 x 200 = 96,000

5 0
3 years ago
Other questions:
  • Solomon works in the finance department of a hospital operated by the country’s national health service. The hospital wishes to
    6·2 answers
  • Label each scenario below according to the type of financial asset described.
    12·1 answer
  • Practice of a skill that is spread out over several sessions is known as _____ practice
    6·1 answer
  • 2,000,000 shares of no-par common stock were authorized; 750,000 shares were issued on January 1, 2019, at $35 per share. 800,00
    12·1 answer
  • The two cofounders of Impact Technology, a data-storage firm in Research Triangle Park, North Carolina, were feuding with each o
    11·1 answer
  • The diagram shows an aspect of fiscal policy.
    9·2 answers
  • The Canon Xapshot camera, which records pictures on a computer disk, introduces several new beliefs including "seeing your pictu
    13·1 answer
  • John Joos is the owner and operator of Way to Go LLC, a motivational consulting business. At the end of its accounting period, D
    14·1 answer
  • Argue or deliver bad news without the pain of seeing the client’s face​
    13·1 answer
  • Companies that fail to identify needs risk which of the following?
    6·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!