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
salantis [7]
3 years ago
15

If there was no beginning retained earnings, net income of $30,300, and ending retained earnings of $8,000, how much were divide

nds?
Business
1 answer:
alexandr1967 [171]3 years ago
6 0

Answer:

$22,300

Explanation:

Assuming that the net income that is stated here was after the payment of all debt obligations (e interest payment and preference share dividends) then this is all income that belongs to shareholders. This income can either be distributed as dividends or retained in the business  for future projects and would increase the value of equity in the balance sheet.

Out of the $30,300 net income, if only $8,000 was retained this year then the implication is that the difference between $30,300 and $8,000 was payed out as dividends.

Dividends paid =$30,300-$8,000 = $22,800

You might be interested in
Karlie wants to be an anthropologist. What is the academic requirement for this job?
Harlamova29_29 [7]
There are a couple of academic requirements for an anthropologist job. If Karlie wants to be start at an entry level anthropologist job she will need a bachelor's degree. If Karlie wants to start at an advanced level, she will need a doctoral or master's degree. 
8 0
3 years ago
You are Chair of the Federal Reserve Board. In your meeting with the Federal Open Market Committee, the committee un-animously v
ivolga24 [154]

You reply that "OMOs are the purchase and sale of government securities. To increase the money supply we will buy government securities which increases the amount of reserves in the banking system and fuels deposit expansion".

<u>Option: A</u>

<u>Explanation:</u>

The action of central bank to offer or take liquidity from or into a bank or a collection of banks in its exchange rate currencies is understood as an open market operation or OMO. The central bank is the only origin of such policy which may either purchase or sell the bonds of government on the open market or in what is now often the acceptable option, engage into a repo or protected lending agreement with a commercial bank: the central bank lend the monetary as a reserve over a given period of time and concurrently selects the qualified asset as security.

Here the Chair of the Federal Reserve Board explained OMO for the purpose of their use in the scenario of increasing money supply, by purchasing or selling the bonds or securities of public authorities to eligible bodies for the increment of assets in banking sector to drive the expansion of deposits.

8 0
3 years ago
Kela Corporation reports net income of $550,000 that includes depreciation expense of $76,000. Also, cash of $53,000 was borrowe
Bogdan [553]

Answer:

$626,000

Explanation:

Kela corporation has a net income of $550,000

Depreciation expense is $76,000

Cash is $53,000

Therefore the total cash inflows from operating activities can be calculated as follows

=$550,000 + $76,000

$626,000

Hence the total cash inflow from operating activities is $626,000

3 0
3 years ago
Category 2013 2014 Accounts payable 16,200 ???? Accounts receivable 48,600 44,500 Accruals 24,300 16,200 Cash 81,000 98,000 Comm
Anestetic [448]

Answer:

The answer is e. 40,500.

Explanation:

To find out the balance for account payable in 2014, we need to recall to the Accounting equation:

Asset = Liabilities + Owner's Equity

Applying in the question, we replace the balance of asset items, liability items and equity items in 2014 to find the answer:

Account Receivable + Cash + Inventories + Net Fixed Asset = Account Payable + Accruals + Common Stock + Long term debt + Notes payable + Retained earnings

=> 44,500 + 98,000 + 60,800 + 121,500 = Account Payable + 16,200 + 81,000 + 89,100 + 37,200 + 60,800 <=> Account Payable = $40,500.

So, the answer is e. 40,500.

5 0
3 years ago
The value of a listed put option on a stock is lower when _______________. I. the exercise price is higher II. the contract appr
mamaluj [8]

Answer: Only II

The contract approaches maturity

Explanation:

The value of a listed put option is usually lower when it's approaches maturity because at that point the seller has to sell the option before the expiration of the agreed date. A put option allows the investor to sell at any price before a specified date. Once the option is close to maturity, the investor will most likely sell lower than the normal price since he does not want to told the option beyond expiration date.

5 0
3 years ago
Read 2 more answers
Other questions:
  • In the country of Mashwen, the state owns key industries such as energy and transportation. The rest of the industries are priva
    10·1 answer
  • Robert Sampson owns a townhouse valued at $185,000 and still has an unpaid mortgage of $150,000. In addition to his mortgage, he
    5·1 answer
  • If the Canadian dollar is strengthening, then:
    10·1 answer
  • What are some causes of gentrification
    12·1 answer
  • The production budget shows expected unit sales are 100,000. The required production units are 104,000. What are the beginning a
    11·1 answer
  • When a petty cash fund is in use: Multiple Choice Cash is debited when funds are replenished. Petty Cash is credited when funds
    13·1 answer
  • Tamarisk, Inc. just took its physical inventory on December 31. The count of inventory items on hand at the companyâs business l
    7·2 answers
  • ​Gladiator USA, a tire​ manufacturer, guarantees its tires against defects for five years or​ 60,000 miles, whichever comes firs
    13·1 answer
  • Gary's wife died last year, so he has been raising his three children on his own. When he files his taxes this year, which tax s
    13·1 answer
  • Which step in developing advertising is most helpful in selecting media and evaluating a campaign?.
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!