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
Ghella [55]
3 years ago
10

A company had a beginning balance in retained earnings of $430,000. It had net income of $60,000 and paid out cash dividends of

$56,250 in the current period. The ending balance in retained earnings equals: Multiple Choice $546,250. $426,250. $116,250. $433,750. $490,000. g
Business
1 answer:
snow_lady [41]3 years ago
6 0

Answer:

Ending retained earning will be $433750

Explanation:

We have given beginning balance = $430000

Net income = $60000

Dividend paid = $56250

We have to find the ending balance

We know that ending retained earning is given by

Ending retained earning = beginning retained earning + net income - dividend paid

So Ending retained earning = $430000+$60000-$56250 = $433750

You might be interested in
Economic growth can best be portrayed as a:
kicyunya [14]

Answer:

The correct answer is letter "D": Rightward shift of the production possibilities curve.

Explanation:

The Production Possibility Frontier (PPF) implies that as many jobs and resources as possible are produced at the maximum level. That maximizes jobs and reduces unused resources. This ideal state can generally not be attained but is seen as a goal.

Plotted in a graph, the PPF curve displays a mix of goods that can be produced and their ideal volumes of production. <em>Shifts of the PPF curve to the right imply growth while shifts leftwards imply a slow down in production.</em>

8 0
3 years ago
If a buyer defaulted some time ago on a written contract to purchase a seller's real estate, the seller can still sue for damage
Alinara [238K]

Answer:

statute of limitations

Explanation:

If the buyer defaulted some time ago on a written contract to purchase a seller's real estate, the seller can still sue for damages if he is not prohibited from doing so by the

statute of limitations

7 0
2 years ago
The market price of a security is $50. Its expected rate of return is 14%. The risk-free rate is 6% and the market risk premium
Ber [7]

Answer:

The market price of the security is $31.81

Explanation:

In order to calculate the market price of the security if its correlation coefficient with the market portfolio doubles we would have to calculate first the following:

First, calculate the dividend expected after one year with the following formula:

D=P*E(ri)

D=$50*0.14

D=$7

Next, we would have to calculate the beta of the security using the CAAPM Equation:

βi= E(ri)-rf/E(rm)-rf

=0.14-0.06/0.085

=0.9412

Next, we have to calculate the new beta due to the change in the correlation coefficient with the following formula:

β=correlation coefficient/σm*σs

=2*0.941

=1.882

Next, Calculate the new expected return as follows:

E(ri)=rf+βi(E(rm)-rf)

=0.06+(1.882)(0.085)

=0.22

Finally we calculate the new piece of the security as follows:

P=D/E(ri)

=$7/0.22

=$31.81

The market price of the security is $31.81

3 0
3 years ago
Ron,a new associate at Barkley and Sons,is working to cultivate personal relationships with individuals outside of his departmen
scZoUnD [109]

Answer:

B. Personal communication network

Explanation:

Personal communication network -

It refers to the method of establishing new connection or relation with various people, in order to expand his or her network, is referred to as Personal communication network.

The mode of communication can be with some digital gadget, telephone, or word to word communication.

Hence, from the given scenario of the question,

Ron tries to get to know various people, who may help to succeed in future.

As, connection with various people enables the person to get more and more knowledge and experience, thereby showcasing personal communication network.

6 0
3 years ago
Prepare entries in a job order cost system and job cost sheets.
Daniel [21]

Answer:

eraDXZ∂fvkm  ≈√≈∫˜µ ƒuktkktukdkuku

Explanation:

4 0
3 years ago
Other questions:
  • Rhonda plans to buy an $85 Father's Day present for her father, and the holiday falls on the third Sunday of June. She can affor
    14·1 answer
  • Bank loans from the Federal Reserve are called ________ and represent a ________ of funds for the bank.
    5·1 answer
  • In the process of searching for a job, you need to ____
    15·1 answer
  • A nominal interest rate is defined as "the opportunity cost of holding or using money." explain what you understand this definit
    15·1 answer
  • The year-end 2009 balance sheet for Tom's Copy, Inc. lists common stock ($1.00 par value) of $ 5,870 , capital surplus of $ 17,2
    15·1 answer
  • Why is it more likely that employee referral programs are effective and successful?
    9·1 answer
  • The bookkeeper for Sunland Company asks you to prepare the following accrual adjusting entries at December 31. (If no entry is r
    13·1 answer
  • In making rational choices, which of the following is true? a. We respond to marginal benefits and marginal costs. b. We do not
    12·1 answer
  • We need both ornament and implement in our society; we need the artist and the _..........
    13·1 answer
  • Who is responsible for determining how tasks will be done in a weak matrix project management structure?
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!