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
melamori03 [73]
3 years ago
8

At the end of the current year, Smith Software Inc. reported $27 million of net income and $420 million of retained earnings. Th

e previous year, Smith had $395 million of retained earnings. What were the total dividends paid to shareholders during the most recent year
Business
1 answer:
Afina-wow [57]3 years ago
3 0

Answer:

Dividends paid is $2 millions

Explanation:

The change in retained earnings during the year can be calculated by taking the difference between the opening and the closing balance which is calculated as under:

Change in Retained Earnings = $420 million - $395 million = $25 millions

The change in retained earnings during the year is the share of Net income retained by the company which means the remainder amount which is not retained by the company is Dividend paid.

And

Dividends paid = $27 million Net Income - $25 million Earnings Retained

Dividends paid = $2 millions

You might be interested in
2. You retire at age 60 and expect to live another 23 years. On the day you retire, you have $568,900 in your retirement savings
hichkok12 [17]

Answer:

The monthly withdrawals are $3,537.85 and will last for 23 years.

Explanation:

We have to calculate the monthly installment of an annuity:

PV \div \frac{1-(1+r)^{-time} }{rate} = C\\

PV 568,900.00

time 276 (23 years x 12 months)

rate 0.004333333 (5.2% = 5.2 / 100 = 0.052 per year we now divide by the 12 months of a year and get the rate for monthly withdrawals.

568900 \div \frac{1-(1+0.00433)^{-276} }{0.00433} = C\\

C  $ 3,537.85

5 0
3 years ago
Alexa has a commercial laundry service that has been growing rapidly. She wants to continue to grow the business, but she needs
Contact [7]

Answer:

Incorporating

Explanation:

4 0
3 years ago
If the supply curve and the demand curve for lettuce both shift to the left by an equal amount, what can we say about the result
Anna [14]

Answer:

d. The price will stay the same, but the quantity will increase.

Explanation:

When the demand and supply both fall, the equilibrium quantity will definately fall but the price will remain the same. The new supply adapts to the reduction of the demand.

6 0
3 years ago
Research and write about at least two proposed methods of implementing digital cash. try to find one that attempts to provide an
kati45 [8]
<span>Qualitative research and write that the results are primarily expressed with words as opposed to quantitative research in which results are primarily expressed with numbers. Digital cash aims to mimic the functionality of paper cash by providing such properties of anonymity and transferability of payment. Digital cash is intended to be implemented data which can be copied, stored, or given as payment Just like paper currency and coins, digital cash is intended to represent value because it is backed by a trusted third party eg: namely government and banking industry.</span>
4 0
3 years ago
Since 2009, the Age Discrimination in Employment Act: Multiple choice question. has been broadened to include those from 15-40 r
Stels [109]

The Age Discrimination in Employment Act requires that age must be the determining reason for any employment action against older workers.

<h3>What is the age discrimination?</h3>

This refers to the treatment of an applicant or employee less favourably because of his or her age.

The Employment Act requires that age must be the determining reason for any employment action against older workers.

Therefore, the Option B is correct.

Read more about Age discrimination

<em>brainly.com/question/13297853</em>

#SPJ1

3 0
2 years ago
Other questions:
  • How long would it take to make 6000 dollars minimum wage?
    5·1 answer
  • Tasty Treat Tea is a popular iced tea drink. When the manufacturer begins to use imported tea leaves, the price rises by 10%, an
    5·2 answers
  • Owens Finest Mattress Co., Inc. decided to employ an anti-mission statement. Which of the following phrases did they use?
    13·2 answers
  • Both supply and demand concepts rest on the relationship between quantity supplied or demanded.
    11·1 answer
  • A b c d
    15·1 answer
  • Two types of cars (Deluxe and Limited) were produced by a car manufacturer last year. Quantities sold, price per unit, and labor
    7·1 answer
  • Sarah is taking ACCUPLACER. In which section will she find the following question?
    8·2 answers
  • The Cash account of Security Systems reported a balance of at ​, . There were outstanding checks totaling and a 31 deposit in tr
    15·1 answer
  • On November 1, Year 2, Stokes Company paid Eastport Rentals $32,000 for a 12-month lease on warehouse space. Required Record the
    14·1 answer
  • Sunland Taxi Service uses the units-of-activity method in computing depreciation on its taxicabs. Each cab is expected to be dri
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!