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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

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The music market study conducted by Matthew Salganik, Peter Dodds, and Duncan Watts demonstrated that group influence shapes: a.
ExtremeBDS [4]

Answer:

b.

Explanation:

According to the music market study conducted by Matthew Salganik, Peter Dodds, and Duncan Watts demonstrated that group influence shapes our personal taste and decisions regarding music. Just like in high school, groups have the ability to influence other peoples decisions. Especially those who look to those groups as superior. Which was demonstrated by the study mentioned in the question in regards to music.

5 0
3 years ago
Management’s attitude toward aggressive financial reporting and its emphasis on meeting projected profit goals most likely will
horrorfan [7]

Answer:

the Management section is completely controlled by only one person who is also a shareholder.

Explanation:

Based on the information provided within the question this will significantly increase when the Management section is completely controlled by only one person who is also a shareholder. In any situation where one person hold's all the power, corruption (fraudulent financial reporting) increases since the individual is able to blend in and not raise suspicion since they are the only one that is completing a certain task.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

7 0
3 years ago
Munchkin is a popular baby clothing brand. The founder of the company, Isabel, conducts a brainstorming session with her employe
Elena L [17]

Answer:

B) upward communication

Explanation:

Upward Communication -

It refers to the flow of information from the lower level to the higher level in the company, is referred to as upward communication.

The method helps to pull out thought and innovative technique from all the employees working in the company , and is used for the betterment of the company.

It helps to have a healthy conversation and decision making process, which helps the company to grow.

Hence, from the question,

The company Munchkin takes idea from all the employees and tries to implement it into the company, thereby showcasing the method of upward communication.

3 0
4 years ago
On July 1, 2018, Ted, age 73 and single, sells his personal residence of the last 30 years for $368,000. Ted's basis in his resi
serious [3.7K]

Answer:

304,000

54,000

175,000

Explanation:

Ted has a realized gain of $304,000 ($368,000 sales price – $22,000 selling expenses –$42,000 basis).

Ted's recognized gain is $54,000 ($304,000 realized gain - $250,000 exclusion).

The basis of the new residence is its cost of $175,000

7 0
4 years ago
In Mark's absence, what source of power does Sherry have in enforcing Ollie's holiday scheduling policy?
Anna007 [38]

Answer: Legitimate power

Explanation:

The source of power that Sherry has in enforcing Ollie's holiday scheduling policy is refered to as the legitimate power.

Legitimate power simply means the power that one has based on the formal position that is being held by the person in an organization. This usually applies to person who are in position of authority in the organization.

Therefore, the correct answer is legitimate power.

4 0
3 years ago
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