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Snowcat [4.5K]
3 years ago
7

Fiji, Inc. started 2025 with $12,000 in assets and $2,500 in liabilities. Fiji had issued 50 shares of stock when it went into b

usiness in 2019 for $10 per share, and not stock has been issued since that time. At December 31, 2025, Fiji had $23,000 in assets and $4,000 in liabilities. How much was Fiji's net income during 2025 if the company paid $1,000 in dividends during the year?
a $11,500
b $12,000
c $10,500
d $11,000
e None of the above
Business
1 answer:
scoundrel [369]3 years ago
3 0

Answer:

$See below

Explanation:

Fuji Net income in 2025 is computed as

= Beginning asset + Dividend - Beginning liabilities

Given that;

Beginning asset = $12,000

Dividend = $1,000

Beginning liabilities = $2,500

Net income

= $12,000 + $1,000 - $2,500

= $10,500

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b. Long-term (Five years or more)

Explanation:

A strategic plan is made up of the organization's mission, vision, and values, as well as its long-term goals.  These are backed up with the action plans for attaining the long-term goals.  A strategic plan should involve the whole of the organization and remain futuristic.  It does not concentrate on short-term objectives.  Instead, a strategic plan concentrates on long-term goals with its duration period lasting five years or more.

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Answer:

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SECOND    

F = P ( 1 + i * n )    

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6 0
3 years ago
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