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bixtya [17]
2 years ago
14

Allen's Roofing posts $5,000 in net income and $200 in dividends for the year. How does this affect the retained earnings on the

balance sheet? SELECT ONLY ONE Retained earnings increases by $4,800 Retained earnings increases by $5,000 Retained earnings increases by $5,200 Retained earnings decreases by $4,800 Retained earnings decreases by $5,000
Mathematics
2 answers:
kumpel [21]2 years ago
4 0

Answer:

"Retained earnings increases by $4,800"

Step-by-step explanation:

Retained Earnings are the amount of money left over for a business after it has paid its dividends from its net income.

Simply put:

Retained Earnings = Income - Dividends

Here, it is given:

Income = 5000

Dividends = 200

Hence,

Retained Earnings = 5000 - 200 = $4800

Leni [432]2 years ago
3 0

Answer:

Retained earnings increases by $4,800

Step-by-step explanation:

Net income increases retained earnings, while distributed dividends decrease retained earnings. Retained earnings is simply the amount of net income left after distributing dividends.  

The net change in retained earnings = net income - distributed dividends = $5,000 - $200 = $4,800 increase

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The length of time a person takes to decide which shoes to purchase is normally distributed with a mean of 8.21 minutes and a st
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4.55% probability that a randomly selected individual will take less than 5 minutes to select a shoe purchase.

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Step-by-step explanation:

Problems of normally distributed samples are solved using the z-score formula.

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\mu = 8.21, \sigma = 1.9

Find the probability that a randomly selected individual will take less than 5 minutes to select a shoe purchase.

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