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Jobisdone [24]
4 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]4 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

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Analyse the impact of an enterprise using break even analysis to make business decisions
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Using break-even analysis in your feed and grain business can help you understand and examine the profit drivers of your business. It is a very useful tool that can help you understand how much you need to sell to cover your costs and how pricing, cost, and volume changes impact these needed sales.

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3 years ago
Innovative Products reported net income of $226,000. Beginning and ending inventory balances were $48,000 and $49,000, respectiv
Maslowich

Answer:

The correct answer is $220,500.

Explanation:

According to the scenario, the computation of the given data are as follows:

We can calculate the net operating cash flow by using following formula:

Net operating cash flow = Net income - ( Ending - Beginning Inventory) - ( Beginning - ending in AP)

By putting the value, we get

= $226,000 - ( $49,000 - $48,000 ) - ( $39,000 - $34,500)

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4 0
4 years ago
Which of the following statements is incorrect?
DedPeter [7]

Answer:

E. All information systems support businesses.

Explanation:

All information systems do not support businesses because it's there's many types of information systems such as Executive Support Systems , Management Information Systems (MIS), Decision Support Systems , Knowledge Management Systems , Transaction Processing Systems and Office Automation Systems and it depends on the purpose of that information system in particular, whether it supports businesses or not

4 0
3 years ago
Judith Thompson is the manager of the student center cafeteria. She is introducing pizza as a menu item. The pizza is ordered fr
dolphi86 [110]

Answer:

The optimal number of pizza that Judith should order is 184.

Explanation:

Judith is introducing pizza in the cafeteria menu.

She is expecting a weekly demand of 10 pizzas.

The cafeteria is open 45 weeks a year.

The ordering cost of pizza for Judith is $15 and the holding cost is $0.40.

The annual demand for pizza

= 45\ \times\ 10

= 450

The optimal number of pizza will be the economic order quantity.

Economic order quantity can be defined as the optimal order quantity that a company should make to minimize its total cost of inventory.

Economic order quantity

= \sqrt{\frac{2\ \times\ Annual\ demand\ \times\  order\ cost}{Holding\ cost} }

= \sqrt{\frac{2\ \times\ 450\ \times\  15}{0.40} }

= \sqrt{33,750}

= 183.71

So the optimal number of pizza that Judith should order is 184.

7 0
3 years ago
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