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sineoko [7]
3 years ago
8

If Newble paid dividends of $100 million in 2016 and made no stock issues, what must have been net income during the year?

Business
1 answer:
Arisa [49]3 years ago
8 0

Answer:  $310 million

Explanation:

The net income is used to pay dividends as well as being added to equity at the end of the period. If no new stock was issued then the net income would be the increase in equity plus dividends.

Increase in Equity = Equity 2016 - Equity 2015

Equity 2016 = Total assets 2016 - total liabilities 2016

=  ( 420 + 1,420) - ( 240 + 920)

= $680 million

Equity 2015 = Total assets 2015 - total liabilities 2015

=  ( 310 + 1,200) - ( 210 + 830)

= $470 million

Increase in Equity = 680 - 470

= $210 million

Net Income = Increase in equity + dividends

= 210 + 100

= $310 million

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During 2018, Deluxe Leather Goods issued 841,000 coupons which entitles the customer to a $4.20 cash refund when the coupon is s
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Answer:

$978,306

Explanation:

The computation of the unremembered liability coupons is shown below:

= (Number of coupons issued × redeemed coupon percentage) - (processed coupons) × worth of coupon

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3 years ago
Which of the following would be a producer? someone owning a book store someone shopping in a grocery store someone putting gas
Luba_88 [7]

Example of a producer can be regarded as someone owning a book store .

<h3>Who is a producer?</h3>

A producer can be regarded as a manufacturer of a particular product or service.

Therefore, in the case above, a producer serves as the one that own the shop, however he can decide to distribute his products to retailer.

Learn more about producer at;

brainly.com/question/12441980

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4 0
2 years ago
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Answer:

Correct option is B.

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Answer:

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