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
Roadside Markets has 8.45 percent coupon bonds outstanding that mature in 10.5 years. The bonds pay interest semiannually. What
Anarel [89]

Answer:

Total $1,091.0030

Explanation:

The market value of the bond will be the sum of the present value of the cuopon payment and the maturity date:

present alue of cuopon payment will be calculate as present value of an ordinary annuity:

C \times \frac{1-(1+r)^{-time} }{rate} = PV\\

C 42.25   (1,000 face value x 8.45% /2 payment per year)

time 21 (10 years at 2 payment per year+ 1 payment)

rate 0.036   (here we use the YTM rate /2 because there are 2 payment per year)

42.25 \times \frac{1-(1+0.036)^{-21} }{0.036} = PV\\

PV $615.1803

<u>Then, for the present value at maturity, we calculate the present value of a lump sum</u>

\frac{Maturity}{(1 + rate)^{time} } = PV  

Maturity   1,000.00

time   21.00

rate  0.036

\frac{1000}{(1 + 0.036)^{21} } = PV  

PV   475.82

<u>Finally, we add them both together</u>

PV c $615.1803

PV m  $475.8227

Total $1,091.0030

8 0
3 years ago
The northwoods university it department is planning to buy additional computers for the computer lab. pedro bechara, manager of
Feliz [49]
Not positive, but I would put "influencer" because he is helping with a decision.
6 0
3 years ago
I was paid $200 in advance for some hair coloring I will do in January he tells me that's a liability that doesn't make any sens
raketka [301]

Answer:

That is correct this is a liability

Explanation:

That is correct this is a liability. That is because a liability refers to being legally responsible for something. In this scenario, since they paid you $200 for hair coloring then you owe the client that. Meaning that you are legally responsible to provide hair coloring services to the client and until you do that you are liable.

7 0
3 years ago
An employee time ticket is an hour-by-hour summary of the employee’s activities throughout the day. True or false?.
padilas [110]

It is true that an employee time ticket is an hour-by-hour summary of the employee’s activities throughout the day.

A time ticket is used to track the hours for which an employee will be paid in the upcoming payroll. Employees' time tickets are reviewed and approved by a supervisor at the closing of each pay period. After which the payroll team use them to calculate the hours worked by an employee. This serves as a basis for calculating gross pay.

When an employee clocks in or out, they generally put a time ticket into a time clock that are printed in an oblong, thick paper shape. Usually time tickets are physical cards that are stamped with beginning and ending times of employees work days. The payroll accountant or bookkeeper creates time tickets after the pay month has ended.

To learn more about employee time ticket here

brainly.com/question/14338603

#SPJ4

7 0
1 year ago
Pearl Sands is a resort in the town of Willington. It attracts the maximum number of customers in the summer. In the spring, Pea
Anastasy [175]

Answer: Push Strategy.

Explanation:

Pull strategy is applied by Pearl sands to draw customers to their holiday spot, by presenting their holiday spot as irresistible to their customers.

Pull strategy is an advertisement strategy used by marketers to draw customers to their product, by various means of adverts using Mass media and forms of advertisement.

4 0
3 years ago
Other questions:
  • Some sellers of used cars provide warranties to buyers, with the aim of reassuring buyers that the car is of good quality. these
    5·1 answer
  • Haver Company currently produces component RX5 for its sole product. The current cost per unit to manufacture the required 50,00
    7·1 answer
  • An investment is acceptable if its irr:
    8·1 answer
  • Which part of the final report examines in detail the underlying causes of problems, issues, and successes relative to the proje
    13·1 answer
  • what is the most appropriate closing for a business letter? a. your friend, b. sincerely, c. anxiously, d. take care,
    5·1 answer
  • Credit card refinancing vs debt consolidation
    14·2 answers
  • If a foreign country's consumers tend to only purchase products that are produced locally, the least effective strategy for a U.
    7·1 answer
  • Media business became big in the 1830s, partially due to the development of ______, which allowed for mass production of newspap
    7·2 answers
  • Vijay Inc. purchased a three-acre tract of land for a building site for $310,000. On the land was a building with an appraised v
    11·1 answer
  • The activity that involves creating, communicating, delivering, and exchanging offerings that have value for customers, clients,
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!