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
slamgirl [31]
3 years ago
7

In its most recent financial statements, Del-Castillo Inc. reported $55 million of net income and $840 million of retained earni

ngs. The previous retained earnings were $825 million. How much in dividends did the firm pay to shareholders during the year? Enter your answer in dollars. For example, an answer of $1.2 million should be entered as 1,200,000. Round your answer to the nearest dollar.
Business
1 answer:
Mashcka [7]3 years ago
8 0

Answer:

Difference in retained earnings

= $840,000,000- $825,000,000

= $15,000,000

Dividend paid = Net income - Difference in retained earnings

Dividend paid = $55,000,000 - $15,000,000

Dividend paid = $40,000,000

Explanation:

In this case, there is need to determine the difference in retained earnings, which equal retained earnings at the end minus retained earnings at the beginning.

Dividend paid is calculated as net income minus difference in retained earnings.

You might be interested in
In​ 2016, global revenue for Amazon was​ ________ when measured in local currencies than it was when measured in dollars. This o
Shalnov [3]

Answer:

Lesser and fell relative to other currencies

Explanation:

This phenomenon is usually termed "Currency depreciation" a fall in the value of a currency in a floating exchange rate system.

The depreciation in 2016 occurred due to factors such as monetary policy, political instability and high inflation.

Amazon's global revenue was 135.99 billion US dollars in 2016, comparing the foreign exchange value in local currencies at that time will give a lesser value now.

3 0
3 years ago
Gross domestic product (gdp) is the total market value of all intermediate and final goods and services produced by an economy i
MrMuchimi
A. true
the gross domestic product acts as a quantitative measure of an economy's economic activity on an annual basis

7 0
3 years ago
When Free Trade Agreements are negotiated:___________
scZoUnD [109]

I inferred want to know more about free trade agreements.

<u>Explanation:</u>

Put simply, a <u>free trade agreement</u> occurs between two or more countries, in which the agreement removes barriers of trade (imports and exports) between the Countries.

For example, if country A sells shoes to country B, <em>under</em> a free trade agreement there will be no government tariffs imposed by country B on the goods imported from country A.

7 0
3 years ago
_____________- is a cultural orientation in which people belong to loose social frameworks and their primary concern is for them
Nat2105 [25]

Answer:

c. Individualism

Explanation:

Individualism -

It refers to the type of inclination toward an individual in terms of social, or ideology outlook , political philosophy and moral stance , is referred to as individualism .

These type of people lives by only one type of goal and desire .

And , these people tends to divert their mind towards their family and children rather than the society .

Hence, from the given statement of the question,

The correct term is individualism.

6 0
3 years ago
When the workers in a workshop encounter operating difficulties or breakdowns while handling their machinery, they seek the help
omeli [17]

Answer:

D. Technical problem solver.

Explanation:

A leader or a manager acts as a technical problem solver in the place where they make and implements decisions that will solve the problem faced by his subordinate at different levels or process of carrying out their duties  

As a technical problem solver,  managers performs individual contributor tasks on a regular basis, such as  repairing machinery.

5 0
3 years ago
Other questions:
  • When a bank evaluates a person for a loan, what does the word "capacity" refer to? Question options: A) The ability to make paym
    11·1 answer
  • An advantage of __________ is that they allow real-time merchandising; products and features can be added or removed as needed,
    13·1 answer
  • Which of the following statements is CORRECT? a. Well-designed bond covenants are useful for reducing potential conflicts betwee
    10·1 answer
  • RAM stands for _____.
    8·1 answer
  • Stuck on this one is financial literacy please help
    7·1 answer
  • The following is a list of accounts and adjusted amounts for Rollcom, Inc., for the fiscal year ended September 30, 2018. The ac
    15·1 answer
  • Hobby Loss Presumptive Rule. Rachel Schurtz is a high school English teacher. In her spare time, she likes to make her own body
    6·1 answer
  • What advice or tips would you give Mr. Youngher as he prepares for other interviews? He should learn to appreciate the power of
    14·1 answer
  • Which calculation is needed to assess the component pieces of the operating section using the direct approach for the amount col
    7·1 answer
  • Why is it important for an exception/interrupt handler to save the $at register immediately after being invoked?
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!