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OlgaM077 [116]
3 years ago
13

On 12/31/2020, Heaton Industries Inc. reported retained earnings of $225,000 on its balance sheet, and it reported that it had $

172,500 of net income during the year. On its previous balance sheet, at 12/31/2019, the company had reported $555,000 of retained earnings. No shares were repurchased during 2020. How much in dividends did Heaton pay during 2020
Business
1 answer:
USPshnik [31]3 years ago
5 0

Answer:

$502,500

Explanation:

Heaton industries incorporation reported retained earnings of $225,000 on 12/31/2020

They also reported a net income of $172,500 during the year

On its previous balance sheet the company reported retained earnings of $555,000

Therefore the amount paid in dividends by Heaton during 2029 can be calculated as follows.

= $555,000+$172,500

= $727,500

$727,500-$225,000

= $502,500

Hence the amount paid in dividends by Heaton corporation during 2020 is $502,500

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Unipeg Corporation has uniform high sales targets for its employees all across the globe, regardless of the environmental constr
FinnZ [79.3K]

Answer: 4. unrealistic performance goals.

Explanation:

Unipeg Corporation has a standardized performance target across the globe which is high enough on its own without having to account for environmental constraints.

This is very unrealistic because different environments have different constraints that can either increase or decrease sales.

Say for instance Unipeg is engaged in the sale of trendy women clothing including mini skirts, sleeveless tops, crop tops etc but has a presence in Iran or Saudi Arabia. The sales there cannot be expected to match up to sales in Japan or Brazil for instance and to expect such is unrealistic.

Penalizing the Employees for these shortfalls has led to them falsifying data and that is down to the unrealistic nature of Unipeg's designs.

5 0
3 years ago
Jasper Company provided the following information for last year:
sdas [7]

Answer:                        

Explanation:

1.                                     Jasper Company

                                      Income Statement

                                                                                         

            Sales (280000 x $12)                                  $3360000

            <u>Less: Cost of goods sold</u>

            Add: Direct Material                   $180000

            Add: Direct Labor                       $505000

            Add: Manufacturing Overhead  <u>$110000</u>

            Cost of goods sold                                      <u>($795000)</u>

            Gross Profit                                                  $ 2565000

           <u>Less: Expenses</u>

           Selling expense                           $437000

           Administrative expense              <u>$854000</u>

          Total expenses                                               <u>($1291000)</u>

          Net income                                                     <u> $1274000</u>

Percentage of sales for each line item

Sales = 100%

Cost of goods sold: \frac{795000}{3360000} x 100= 23.7%

Selling expense : \frac{437000}{3360000} x 100 = 13%

Administrative expense: \frac{854000}{3360000} x 100 = 25.4 %

2. According to the income statement in requirement 1, the manager can control cost by outsourcing the product if it is cheaper to get it from a third party in order to cut/control cost of goods sold.

Manager can also try controlling the administrative expenses as they are taking a bigger proportion than any other cost/ expense.

7 0
2 years ago
Suppose the economy is experiencing an output gap of –3%. a. Select each response that indicates how monetary policy or fiscal p
igor_vitrenko [27]

Answer:

Suppose the economy is experiencing an output gap of –3%

a. Monetary policy or fiscal policy can be used to raise actual output toward potential output when:

The government can increase its spending or reduce taxes, which will shift the IS curve to the right and increase GDP.

The Fed can reduce the interest rate, which will shift the MP curve down and increase GDP.

b. The policies identified in part a,

can be used together to raise actual output toward potential output.

Explanation:

Investment-Savings (IS) curve shows all the levels of interest rates and output (GDP) at which an economy's total desired investment (I) equals its total desired saving (S).  This equilibrium can be achieved at a level of interest rate that maximizes output.  The IS curve slopes downward, and to the right because at a lower interest rate, investment is higher, which produces more total output (GDP) for the economy.

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Oksana_A [137]

Answer:

i think the answer is $27,350

Explanation:

i hope it help

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