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Mumz [18]
3 years ago
15

The ending Retained Earnings balance of Lambert Inc. increased by $2.6 million from the beginning of the year. The company's net

income earned during the year is $7.8 million. What is the amount of dividends Lambert Inc. declared and paid?
Business
1 answer:
const2013 [10]3 years ago
8 0

Answer:

$5.2 million

Explanation:

Opening retained earnings + net income earned - dividend paid = Closing retained earnings

Given;

  • the ending Retained Earnings balance of Lambert Inc. increased by $2.6 million from the beginning of the year
  • net income earned during the year is $7.8 million

Therefore,

Dividend paid = -$ 2.6 million + $7.8 million

                       = $5.2 million

The amount of dividends Lambert Inc. declared and paid is $5.2 million.

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The present value​ (PV) of an investment is​ ________.
emmasim [6.3K]

Answer:

A

Explanation:

Present Value relates to the  amount that an investment would yield if the benefit were realized today. it is said to be the value of the future economic benefits an entity can generate

8 0
4 years ago
uppose a Starbucks tall latte cost $4.00 in the United States, 5.00 euros in the euro area and $2.50 Australian dollars in Austr
max2010maxim [7]

Answer: Nether Australia or Europe

Explanation:

Purchasing power parity is a notion that states that prices of the same or similar goods should have the same price across the world after adjusting for exchange rate differences.

If the price of a tall latte in the U.S. is $4,00, it should be the same price in Europe and Australia after exchange rate adjustments.

$4.00 in Euro is:                                                  $4.00 in Australian dollars is:

= 4 * 0.8                                                                 = 4 * 1.4

= €3.20                                                                 = $5.60

Purchasing power parity does not hold in wither countries because the prices of the lattes are not equal to the $4.00 in the U.S. after adjustments for exchange rates.

4 0
3 years ago
If increasing physical capital increases productivity, why would a company not buy newer, faster computers for all its workers e
Alexxx [7]

Answer: it would be too large of an unnecessary expense

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7 0
3 years ago
The following credit sales are budgeted by Novak Corp.: May $580700 June 854000 July 1195600 August 1024800 The company’s past e
Andru [333]

Answer:

The anticipated collections for August are $1024800

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Based on the past experience part, the cash inflows for August will include 8% of June's sales collection, 20% of July's sales collection and 70% of August's sales collection.

Thus, the anticipated collection for August will be:

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Total anticipated collection-August = 68320 + 239120 + 717360 = $1024800

8 0
3 years ago
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