The amount of dividends Lambert Inc. declared and paid is $5.2 million.
<h3>What is dividend?</h3>
A dividend refers to the sum paid to people who invest in a company, at the end of the financial year. In other words, it is a reward paid to the shareholders for their investment in a company's equity.
We know that:
Closing retained earnings
= Opening retained earnings + net income earned - dividend paid
Then,
The ending Retained Earnings balance of Lambert Inc. increased by $2.6 million from the beginning of the year
Also, net income earned during the year is $7.8 million
Hence,
Dividend paid
= -$ 2.6 million + $7.8 million
= $5.2 million
With regards to the above, the amount of dividends Lambert Inc. declared and paid is $5.2 million.
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Answer: C. She exercises freedom of economic choice.
Explanation:
Freedom of choice is when economic agents such as individuals, the firm's and the government can allocate the resources as they want and are free to make a choice they want.
Freedom of choice represents allows individuals make their own decisions. In this scenario, Gabrielle's economic decisions best relate to broad economic goals by exercising the freedom of economic choice.
Answer:
Yes. I agree
Explanation:
Due to a fall in barriers to international trade, <u>companies in wealthy advanced economies now find it easier to move their manufacturing activities to other countries</u> with lower labor rates so that they can reduce their manufacturing costs.
This move means that manufacturing companies in the wealthy advanced economies have reduced job opportunities and as such, workers in this industry will suffer.
When you have a gross income the expenses incurred are yet to be removed— it is just total sales less purchases. for net income the expenses are removed for the gross profit
