Answer:
The Company paid usd 2 per share.
Explanation:
Initial Retained Earnings: $ 780 mill.
Current Net Income : $ 50 mill.
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Subtotal : $ 830 mill.
Actual Retained Earnings : $ 810 mill.
The difference of $ 20 mill. was the dividends paid to shareholders, if were 10 million of share outstanding, it means usd 2/Share.
Answer:
$500
Explanation:
2012 Income Statement
Revenue $2,000
<u>Expenses</u>
Wages incurred and paid $500
Salaries $400
Interest on bank loans <u>$600</u> <u>$1,500</u>
Net Income <u>$500 </u>
So, the amount of $500 will be shown as Net Income on the 2012 Income Statement.
The Washburn guitars reduces their price from $2,499 to $2,699 as a result of the sales of the product drastically increased by 30%, So this represents that the <u>product has an elastic demand.</u>
<h3>What do you mean by elastic demand?</h3>
When the price of a product has a massive effect on the quantity purchased is called Elastic demand. A product is stated to have an elastic demand if sales drop sharply in reaction to a growth in price, or sales spike whilst prices are decreased.
Thus, The Washburn guitars reduces their price from $2,499 to $2,699 as a result of the sales of the product drastically increased by 30%, So this represents that the <u>product has an elastic demand.</u>
Learn more about elastic demand:
brainly.com/question/5078326
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Answer:sales must have amounted to:$704,000
Explanation:
Contribution ratio = Sales ratio - Variable cost ratio
= 100%- 75%
=25%
Sales to break even = Fixed expenses / Contribution margin ratio
Therefore,
Fixed expenses = Sales to break even x Contribution margin ratio
=$840,000 x 25%
=$210,000
Contribution margin can also be calculated as
Fixed expenses- Operating loss
=$210,000 -$34,000
=$176,000
Sales = Contribution margin/ Contribution ratio
= $176,000/25% =$704,000
