Answer:
1.
Option B is the correct answer.
2.
Dividends Paid = $55 million. Thus, option C is the correct answer.
Explanation:
1.
The statement about shareholders' equity given in option A that it is the difference between the paid-in capital and retained earnings is incorrect as the retained earnings are a part of the equity of shareholders and are included in the calculation of shareholders' equity. Thus, option B is the correct answer.
2.
The Net Income earned by a company is usually treated in two ways. It is either paid out as dividends to the shareholders or is retained in the business and transferred to the retained earnings account or both. Thus, we can calculate the amount of dividends paid by the following equation.
Closing balance of retained earnings = Opening balance of retained earnings + Net Income for the period - Dividends Paid
700 = 595 + 160 - Dividends Paid
700 + Dividends Paid = 755
Dividends Paid = 755 - 700
Dividends Paid = $55 million
Answer:
yes I agree
Explanation:
<em>because</em><em> </em><em>different</em><em> </em><em>organizations</em><em> </em><em>manufacture </em><em>or </em><em>provide </em><em>different</em><em> </em><em>goods </em><em>and </em><em>services</em><em> </em><em>so </em><em>it's </em><em>not </em><em>possible</em><em> </em><em>for </em><em>them </em><em>to </em><em>have </em><em>the </em><em>same </em><em>planning</em><em> </em><em>practices </em><em>take </em><em>for instance</em><em> </em><em>an </em><em>organization</em><em> </em><em>that </em><em>deals </em><em>with</em><em> </em><em>the </em><em>provision </em><em>of </em><em>food </em><em>to </em><em>refugees</em><em> </em><em>and </em><em>an </em><em>organization</em><em> </em><em>that</em><em> </em><em>deals </em><em>with </em><em>the </em><em>manufacturing</em><em> </em><em>of </em><em>goods</em><em> </em><em>these </em><em>two </em><em>organizations</em><em> </em><em>will </em><em>plan </em><em>differently</em><em> </em><em>on </em><em>how </em><em>to </em><em>go </em><em>about </em><em>with </em><em>there </em><em>businesses</em><em>.</em>
<em>I </em><em>hope</em><em> this</em><em> helps</em>
Answer:
Revenue
- Ticket Sales - The Super Bowl is one of the most watched sporting events in the world and people pay top dollar to be able to attend it in the stadium. In 2019 the lowest estimate of revenue coming from ticket sales was $65 million.
- Television Rights - Networks pay to be able to broadcast the Super Bowl as it will bring in a lot of money for them from Ads. Fox, CBS and NBC are said to pay upwards of $2.5 billion every year to broadcast it.
- Merchandising - Millions are made in revenue from the sales of merchandise leading up to and after the big game.
Expenses
- Security - With so many people coming to the event, there has to be a provision for both private and public security. This means that Police will have to be paid for overtime and private firms will have to be paid their due.
- Cleaning - The stadium will have to be cleaned before, during and after the event so cleaning expenses will cost a bit too.
- Ad Hoc staff - There will be a need for people who will not have a specific job title but will still be needed to run around and embark on errands.
Profits
The profits will depend on how much revenues exceeds costs by so all the above listed factors can affect profit.
Answer:
The answer is B.
Explanation:
Because it is 9 months, the interest to be used cannot be 10% instead, it will be 9months/12months x 10%
0.75 x 10%
=7.5%
Interested on the borrowed money is 7.5% x $9,000
$675
On April 1, 2019, Herzog will the money lent plus interest.
So we have $9,000 + $675
=$9,675 and because Herzog is receiving, we debit cash account.
Interest revenue will be
$675/3months
=$225.
This will be credit
Interest receivables will be $675 - $225 = $450
This will also be in credit side