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3 years ago

Pfister Corporation reports Retained Earnings of $8,863 million. This represents: ________.

Business

1 answer:

KonstantinChe [14]3 years ago

8 0

Answer:

The below options are missing from the question:

a. the total amount of income earned since incorporation less distributions to shareholders

b. the total amount of income earned since incorporation

c. the amount of cash available to distribute to common shareholders

d. a reserve the firm can use to acquire another company

a. the total amount of income earned since incorporation less distributions to shareholders

Explanation:

The retained earnings of $8,863 million is the accumulated net income that the company has realized since it incorporation minus all dividends paid to shareholders since.

Note the formula for determining closing retained earnings is given below:

closing retained earnings=beginning retained earnings+net income-dividends

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Meena Distributors has an annual demand for an airport metal detector of 1 comma 360 units. The cost of a typical detector to Me

Nata [24]

Answer:

1. Meena should take the quantity discount since with such discount the EOQ will rise by just 1 unit from 20.5units to 21.5 units and a net gain of $49.18.

2. The EOQ without discount will be 20.5 units

Explanation:

EOQ=Square root of ((2xordering cost x demand)/ (Carrying cost))

Gains of accepting discount will be

i. ordering cost savings= (demand/quantity order) x ordering cost

= (660/360)*23=$42.16

ii. Price saving per item=0.18 x 660 =$118.80

total gain =$160.96

iii. Stockholding cost =300 x (23 x 0.91 ) x 0.18=$1,130.22

iv. Additional cost incurred by increasing order= 1,130.22-(300 x 23 x0.18)

=$111.78

Net gain= 160.96-111.78

= $49.18

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3 years ago

WASHINGTON, Jan 29 (Reuters)—Wright Medical Group, a maker of reconstructive implants for knees and hips, on Tuesday filed to se

Alika [10]

Answer:

The journal entry is as follows:

Cash A/c Dr. $51.45

To Paid in capital in excess of par value A/c $51.42

To Common shares A/c $0.03

(To record the sale of the shares)

Note: The amount mentioned in debit and credit column in the above journal entry are in the millions of dollar.

Workings:

Cash = Shares sold × shares closing price

= $3 million × $17.15

= $51.45 million

Common shares = Shares sold × Par value per share

= $3 million × $0.01

= $0.03 million

Paid in capital in excess of par value = Cash - Common shares

= $51.45 - $0.03

= $51.42

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3 years ago

Your company, "when life gives you lemons inc.", is thinking about expanding the number of stands that it currently has from 15

melisa1 [442]

No. The company will probably go bankrupt.

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4 years ago

Spending money to train and develop employees is a means of fostering.

ludmilkaskok [199]

Answer:

normative commitment

Explanation:

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3 years ago

Howard Bowen is a large-scale cotton farmer. The land and machinery he owns has a current market value of $11 million. Bowen owe

givi [52]

Answer:

A. $1,510,000

B. -$10,000

Explanation:

a. Calculation to determine Bowen’s Accounting profits

Using this formula

Accounting profits = Total revenue - Explicit cost

Let plug in the formula

Accounting profit = $10 million - $8 million - $40,000 - $400,000 - $50,000

Accounting profit= $1,510,000

Therefore Bowen’s Accounting profits is $1,510,000

b. Calculation to determine Bowen’s Economic profit

Using this formula

Economic profits = Accounting profit - Implicit cost

Let plug in the formula

Economic profits = $1,510,000 - [($11,000,000*0.1) + $30,000 + ($60,000 - $40,000)]

Economic profits =$1,510,000 - [$1,100,000+ $30,000 + $60,000 - $40,000)]

Economic profits =$1,510,000-$1,150,000

Economic profits =-$10,000

Therefore Bowen’s Economic profit is -$10,000

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3 years ago