1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Setler [38]
3 years ago
7

In its most recent financial statements, Del-Castillo Inc. reported $70 million of net income and $960 million of retained earni

ngs. The previous retained earnings were $943 million. How much in dividends did the firm pay to shareholders during the year? Enter your answer in dollars. For example, an answer of $1.2 million should be entered as 1,200,000.
Business
1 answer:
alekssr [168]3 years ago
4 0

Answer:

$53,000,000

Explanation:

The amount of dividends paid by Del-Castillo Inc. can be ascertained using the retained earnings formula as follows:

retained earnings=net income+previous year retained earnings-dividends paid

retained earnings for current year is $960 million

net income is $70 million

previous year retained earnings were $943 million

dividends paid is unknown

dividends=net income+previous year retained earnings-current year retained earnings

dividends=$70 million+$943 million-$960 million

dividends=$53 million

You might be interested in
If you charge/plug in your phone on a Xbox will the stuff in ur camera roll on your phone be on/in the Xbox?
inysia [295]

Answer:

No.

Explanation:

You said if you charge, so it will only charge your phone. You aren't able to upload photos directly to an Xbox.

Although, if you are pc, you can upload a custom gamerpic easily.

(An example would be a gamerpic, you need the app in order to have a custom gamerpic because it accesses your files).

3 0
3 years ago
Which of these is a nonstore retailer?
Lady bird [3.3K]
A. Vending Machine is a nonstore retailer
7 0
3 years ago
Norma is considering buying a certificate of deposit with the $500 she has in a regular savings account. Explain to her what fac
Molodets [167]

Answer:

The factors she could consider when choosing a certificate of deposit is explained below in detail.

Explanation:

A higher principal should/may obtain a greater interest rate.

A longer-term normally receives a greater interest rate, except in the matter of a modified yield curve.

Smaller businesses manage to offer greater interest rates than higher ones.

Individual CD accounts commonly obtain greater interest rates than business CD accounts.

4 0
3 years ago
Chang Corporation issued $6,000,000 of 9%, ten-year convertible bonds on July 1,2017 at 96.1 plus accrued interest. The bonds we
Nataly_w [17]

Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

5 0
3 years ago
LMN Insurance Company is concerned about its exposure to hurricane losses for property risks it insured on the Gulf Coast. LMN b
ELEN [110]

Answer:

c) Catastrophe Bonds

Explanation:

These type of bonds are also known as the CAT bonds, and they are issued  at any catastrophic event which is foreseen in the future. Basically these are insured linked securities that are used in the process of managing risks that are associated with the catastrophic events such as mentioned in the question i.e hurricane.

Any investor before investing in these bonds should fully understand what type of bonds are these because they posses a greater risk of low return and are very different from conventional bonds.

Hope this helps.

Thanks buddy.

3 0
3 years ago
Other questions:
  • for a new bottling machine it is developing. Future research and development expenses could range from $4 to $9 million, with a
    11·1 answer
  • When Heidi Ganahl first started out with Camp Bow Wow, she spent a lot of time "micromanaging" things, but as time went by, she
    7·1 answer
  • One role of team leaders is to facilitate discussion. What does that mean?
    14·2 answers
  • Labor Recruiters, Inc., has been ordered to appear at a hearing before an administrative law judge of the National Labor Relatio
    14·1 answer
  • Paula tells her rental agent, Tom, not to violate the fair housing laws. Tom nevertheless wrongfully discriminates against a pro
    5·1 answer
  • Service providers should refrain from asking feedback from customers to save time that can be used to provide better service qua
    15·2 answers
  • Elmo Johnson was late on his property tax payment to the county. He owed $7,500 and paid the tax four months late. The county ch
    15·1 answer
  • The appellate court decides that the trial court committed reversible error by including evidence found by law enforcement. Law
    8·1 answer
  • During December, Far West Services makes a $2,000 credit sale. The state sales tax rate is 6% and the local sales tax rate is 2.
    9·1 answer
  • A particle is moving along a projectile path at an initial height of 160 feet with an initial speed of 144 feet per second. this
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!