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Vlad1618 [11]
2 years ago
7

STATEMENT OF STOCKHOLDERS’ EQUITY In its most recent financial statements, Newhouse Inc. reported $50 million of net income and

$810 million of retained earnings. The previous retained earnings were $780 million. Newhouse has 10 million shares outstanding. a. How much in dividends were paid to shareholders during the year
Business
1 answer:
gizmo_the_mogwai [7]2 years ago
5 0

Answer:

The Company paid usd 2  per share.

Explanation:

Initial Retained Earnings: $ 780 mill.

Current Net Income :       $ 50  mill.

=================================

Subtotal :                          $ 830 mill.

Actual Retained Earnings  :  $ 810 mill.

The difference of $ 20 mill. was the dividends paid to shareholders, if were 10 million of share outstanding, it means usd 2/Share.

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Like many entrepreneurs, troy smith started sonic as a sole proprietorship, then took on a partner, and eventually offered franc
Montano1993 [528]

First Stage: Sole Proprietorship

In the early stage of development, Troy Smith started Sonic as sole proprietorship. The advantage in this stage was that he was making all business decisions to himself. While the disadvantage was that he was not having help with things when needed thus causing his first ventures to fail

 

Second stage: Partnership

The advantage in this scenario was that Troy Smith is now having help with things like and he can focus his attention in improving the business operations while his partner focus primarily on sales. The greatest disadvantage now is that he has to share the profits of the business.  

 

Third stage: Franchise

The business can now continue to grow while maintaining all the same qualities the company was started with. The disadvantage would now be Troy Smith would have limited control over the success of that particular franchise.

7 0
3 years ago
Can you give me the pin of GECU so I could sign up please and thank you? Take your time please and thank you
vagabundo [1.1K]

Answer:

What is GECU

Explanation: If it has a email use your email or make one up if this is on school computer that is what I would do if I was signing up for anything

6 0
3 years ago
What are the two types of merchant wholesalers?
nignag [31]
 the two types of merchant wholesalers are: full-service wholesalers, which provide a full set of services, and limited service wholesalers, which offer fewer services to their suppliers and customers.
7 0
2 years ago
The following cost behavior patterns describe anticipated manufacturing costs for 2019: raw material, $7.50/unit; direct labor,
kykrilka [37]

Answer:

                                         Unit cost

                                                $

Variable costing                    18

Absorption costing               26.5

Explanation:

<em>Variable costing values every unit produced at the marginal cost</em>. Marginal cost is the sum of direct material, direct labor and variable overhead.

Marginal cost = 7.50 + 10.50 =$18

<em>Absorption costing values every unit at full cost</em>. Full cost is the sum of marginal and fixed overhead cost per unit,

Fixed overhead cost per unit =  $297,500/35,000=8.5

Full cost = 7.50 + 10.50 + 8.50= $26.5

                                     Unit cost

                                                $

Variable costing                    18

Absorption costing               26.5

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3 0
2 years ago
Twelve years ago, the Archer Corporation borrowed $6,200,000. Since then, cumulative inflation has been 80 percent (a compound r
leonid [27]

Answer:

The effective purchasing purchasing power of the initial loan of $6,200,000 when the firm repays is  $3,444,444  

If the original purchasing power of the $6,200,000 is to be maintained the firm must repay $ 11,160,000

Explanation:

In computing the figures above, I adhered strictly to the hints given in the question the purchasing of the original should be calculated by dividing the original amount by 1 plus cumulative inflation rate of 80% and that the amount should be multiplied by 1 plus cumulative inflation rate to arrive the amount needed as repayment to maintain the purchasing of the initial loan amount.

Find attached for detailed computations

Download xlsx
5 0
2 years ago
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