Answer:
1.
Option B is the correct answer.
2.
Dividends Paid = $55 million. Thus, option C is the correct answer.
Explanation:
1.
The statement about shareholders' equity given in option A that it is the difference between the paid-in capital and retained earnings is incorrect as the retained earnings are a part of the equity of shareholders and are included in the calculation of shareholders' equity. Thus, option B is the correct answer.
2.
The Net Income earned by a company is usually treated in two ways. It is either paid out as dividends to the shareholders or is retained in the business and transferred to the retained earnings account or both. Thus, we can calculate the amount of dividends paid by the following equation.
Closing balance of retained earnings = Opening balance of retained earnings + Net Income for the period - Dividends Paid
700 = 595 + 160 - Dividends Paid
700 + Dividends Paid = 755
Dividends Paid = 755 - 700
Dividends Paid = $55 million
Answer:
<u>$38.5 million</u>
Explanation:
Since the April Wood incoming transactions-accounts receivable increased by 4 million we obtain the cash value by substracting the question total accounts receivable value from the sales.
Where;
sales= $42.5 million
accounts receivable increase= $4 million
Amount of cash April Wood Products received from customers during the reporting period=
$42.5 million - $4 million= $38.5 million
The fact that Sam buys a franchise from Taco Loco Inc means that it is governed by all of the choices.
<h3>Which authorities govern franchise deals?</h3>
As business deals, franchise deals will fall under several levels of government but most especially the state that it occured in.
The federal level will impose the federal franchise rule, and the tenets of contract law will be abided by.
Find out more on the federal franchise law at brainly.com/question/24096652.
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Answer:
The terms to be included are regarding the provision relating to the resolution of any dispute.
Explanation:
As the question is missing the options, the options are found online and are given as below
a. an updated list of the music available through the service.
b. a detailed history of the music business.
c. a provision relating to the resolution of any dispute.
d. positive reviews from users of the service.
Out of these four options
Option A is incorrect as it is not something to be included in the terms and contracts because this list will be changing continuously.
Option B is incorrect as it is not something to be included in the terms and contracts because it is not relevant.
Option C is correct as it is provides valuable information for resolution of disputes.
Option D is incorrect as the reviews from the users will keep on changing and updating.
Answer: Minimum 62 years
Explanation: As per the rules, the youngest borrower must have attained the age of 62 years to qualify for reverse mortgage loan. There are several other requirements as well.
HUD financial criteria also needs to be fulfilled by the borrower. The home in which borrowers be living must be their prime residence and the required home equity will also be required.
