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
Jobisdone [24]
3 years ago
9

A company’s retained earnings increased $375,000 last year and its assets increased $973,000. The company declared a $79,000 cas

h dividend during the year. What was last year’s net income?
A. $296,000.
B. $375,000.
C. $454,000.
D. $519,000.
Business
1 answer:
Alex Ar [27]3 years ago
6 0

Answer:

C. $454,000.

Explanation:

We know that

The ending balance of retained earnings = Opening balance of retained earnings + net income - dividend paid

$375,000 = $0 + net income - $79,000

So, the net income would be

= $375,000 + $79,000

= $454,000

The ending balance of retained earnings - Opening balance of retained earnings is also known as increase in retained earning

You might be interested in
The term risk, when applied to borrowers, specifically refers to
Nat2105 [25]
D.  Lenders are worried that the borrower won't pay them back, and they assess how likely that is to happen by looking at the borrower's income, other assets, credit history, etc.
3 0
3 years ago
According to the video, what tasks are commonly performed by Farmworkers instead of by machines? Select three
SCORPION-xisa [38]

Answer:

<u>A: weeding</u>

<u>B: pruning</u>

<u>D: transplanting</u>

Explanation:

trust me i just did it

enjoy :)

4 0
3 years ago
John is an entrepreneur who plans to enter a franchise contract with a hotel business. which of these is an advantage that John
umka2103 [35]

Answer:

The correct answer would be option C, He will be able to gain knowledge and support from the hotel business to run the franchise.

Explanation:

Franchise is basically a contract between two parties in which one of the party who is owning the business is ready to sell his business rights to use its name and products to the other party. The other party can open the same business with the same name and products or services and run that business. In this type of contract, a continuous help and support is given to the franchisee to run the business. So if John being an entrepreneur wants to enter into the franchise contract, then he will surly be able to gain knowledge and support from the hotel business to run the franchise.

3 0
3 years ago
Read 2 more answers
Read the following stock quote. How much is this stock worth?
Marianna [84]
The answer for this question would then be c. Hope it helps!

4 0
3 years ago
Read 2 more answers
Corporate executives at LikeReal, Inc. decide to compete in the remote model airplane industry by making the largest model plane
steposvetlana [31]

Answer:

Business strategy

Explanation:

The idea to compete in a remote model air-plane industry is a part of the business strategy of like real.  This is a business strategy because the decision has been made to compete in an industry to gain more customers and to improve their share in the market.  It will also help like real to strengthen their performance and organisational goals.

5 0
3 years ago
Other questions:
  • Randy would like to set up a budget for a vacation he is taking next year. Which money management tool should Randy use?
    14·2 answers
  • Is what we call the stock of goods that a business or store has on hand?
    12·1 answer
  • Home Accessories’ bank statement showed a $120 NSF check. Which of the following shows how recognizing this check will affect Ho
    13·1 answer
  • When you are finished working with a presentation, you can exit powerpoint. if there is only one presentation open, you click th
    5·1 answer
  • Taxes cause deadweight losses because they
    6·2 answers
  • Algonquin Books partnered with Barnes &amp; Noble to offer a unique ________. If you purchase one of 12 paperback books publishe
    5·1 answer
  • Individual Retirement Accounts (IRAs) allow people to shelter some of their income from taxation.
    15·1 answer
  • Dave is a plumber who uses the cash method of accounting. This year Dave requested that his clients make their checks payable to
    5·1 answer
  • Mhanifa Can you type here ^~^
    7·2 answers
  • Use the graph to answer the question that follows.
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!