Answer:
B
Explanation:
Payback period is the total time it takes an organization to recover the initial capital incurred in acquiring an asset.
It is expressed in years and fraction of years.
Initial investment 20,000
Year 1 3000 17000
Year 2 8000 9000
Year 3 15,000
9000/15000= 0.6 years
The payback period = 2.6 years
Answer:
The correct answer would be option B, The infant industry argument.
Explanation:
Ford and General Motors established a small cal producing industry in Australia in 1950s and argued on a high tariffs on car imports. Until 2000 the tariff remained though the years and at 2000 it was 22.5 percent. So Ford and General Motor's argument was most likely the Infant industry argument. Infant industry argument is the series of arguments which states that a small industry should be nurtured just like infants until it reaches the pace that other industries have in the market at the moment. It means that the small new industry should be protected until they can attain similar scale of economies.
Answer:
Dividends paid is $2 millions
Explanation:
The change in retained earnings during the year can be calculated by taking the difference between the opening and the closing balance which is calculated as under:
Change in Retained Earnings = $420 million - $395 million = $25 millions
The change in retained earnings during the year is the share of Net income retained by the company which means the remainder amount which is not retained by the company is Dividend paid.
And
Dividends paid = $27 million Net Income - $25 million Earnings Retained
Dividends paid = $2 millions
