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
ahrayia [7]
3 years ago
13

Gerald's had opening total stockholders' equity of $160,000. During the year, total assets increased by $240,000 and total liabi

lities increased by $120,000. Their net income was $180,000. No additional investments were made. However, some amount was paid as dividend during the year. What was the amount of the dividend paid?
Business
1 answer:
RoseWind [281]3 years ago
7 0

Answer:

$220,000

Explanation:

From the Accounting Equation we know:

Assets = Liabilities + Shareholders' equity

Net Income is the amount we add in the Shareholders' equity as Retained Earnings and Dividend Paid amount is deducted from the Shareholders' equity, So by putting in the values given in the question, we get;

Total Assets = Total Liabilities + Stockholders' Equity + Net Income - Dividend Paid

$240,000 = $120,000  +$160,000 + $180,000 - Dividend Paid

Dividend Paid = $460,000 - $240,000

Dividend Paid = $220,000

You might be interested in
Prior to the write off of a $500 customer account, Athena Company had the following account balances: Accounts receivable $19,60
Effectus [21]

Answer:

Net accounts receivable Before $18,600 and  After $18,600

Explanation:

solution

we know that here

net accounts receivable before write-off  

Accounts Receivable = $19,600  

and Allowance for doubtful debt = $1,000

so Net accounts receivable =  $19,600 - $1,000 =  $18,600

so

Journal Entry for write off is here    

Allowance for doubtful Accounts = $500

Accounts Receivable = $500

and

Net accounts receivable after write off is    

Accounts Receivable= $19,100

and

Allowance for doubtful debt= $500  

so Net accounts receivable = $19,100 - $500

Net accounts receivable = 8,600

so Net accounts receivable Before $18,600 and  After $18,600

6 0
3 years ago
What is the main problem that sellers suffering from marketing myopia​ face?
Tanya [424]
The answer is "<span>They focus more on products than the​ customer's underlying need.".
</span>
Marketing Myopia is marketing term as it shows by its name, referred to short-sighted and inward looking way to deal with promoting that spotlights on the requirements of the organization as opposed to characterizing the organization and its items as far as the clients' needs. It brings about the inability to check and accommodates to the quick changes in their business sectors or markets.
8 0
3 years ago
Read 2 more answers
A manager must decide on the mix of products to produce for the coming week. Product A requires three minutes per unit for moldi
atroni [7]

Answer:

Check the explanation

Explanation:

Going by the question above we will have to first work on the

Formulation of LP:

Maximize profit

Z = 1.5A+1.5B where A - number of units of product A and B - number of units of product B

subject to constraints -

600 minutes available for molding

3A+2B <=600 ---> Molding constraint---> 1

600 minutes available for painting

2A+4B<=600 ---> Painting constraint---> 2

420 minutes available for packing

A+3B<=420 ---> Packing constraint---> 3

A, B, C >=0 ---> Non-negative constraint ---> 4

b) Solution with the help of Excel solver:

Target cell will be the RHS or profit value of the objective function as we are maximizing the profit.

Changing cells will be A and B ---> number of units of products

Constraints will be entered as below. The same are also listed in part A (1,2,3,4).

The attached images below are the formulation.

6 0
3 years ago
On January​ 1, 2018,​ Jordan, Inc. acquired a machine for $ 1,000,000. The estimated useful life of the asset is five years. Res
klemol [59]

Answer:

Annual depreciation=$188,000

Explanation:

Giving the following information:

Purchasing price= $1,000,000

Salvage value= $60,000

Useful life= 5 years

To calculate the depreciation expense under the straight-line method, we need to use the following formula:

Annual depreciation= (original cost - salvage value)/estimated life (years)

Annual depreciation= (1,000,000 - 60,000)/5

Annual depreciation=$188,000

6 0
3 years ago
Stock A has a beta of 0.8, stock B has a beta of 1.0 and stock C has a beta of 1.2. Portfolio P has 1/3 of it value invested in
Fittoniya [83]

Answer:

e. portfolios P's expected return is equal to the expected return on stock B

6 0
3 years ago
Other questions:
  • Which of these contains data that identifies a product?
    7·1 answer
  • You are the beneficiary of a life insurance policy. the insurance company offers two options for receiving the proceeds: a lump
    6·1 answer
  • The marketing channel is the upstream portion of the supply chain that is charged with moving component parts or raw materials t
    14·1 answer
  • The supply of savings is positively sloped because: firms borrow more when interest rates are low. people are enticed to forgo c
    7·2 answers
  • Ming applies for a job as a receptionist at an engineering firm. If she is denied a job because she is of Asian origin, she may
    8·1 answer
  • What is the tax on an annual salary of 66000 dollars​
    13·1 answer
  • he following selected account balances appeared on the financial statements of Sanchez Company: Accounts Receivable, January 1 $
    10·1 answer
  • How people choose among the alternatives available to them is:?
    8·1 answer
  • BAK Corp. is considering purchasing one of two new diagnostic machines. Either machine would make it possible for the company to
    15·1 answer
  • 1. Nhận định nào sau đây không chính xác:
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!