Answer: $3.4 million
Explanation:
The increase in Retained earnings is the net earnings for the year.
Net earnings are calculated by deducting dividends from the Net income.
Net earnings = Net income - Dividends
1,700,000 = 5,100,000 - Dividends
Dividends = 5,100,000 - 1,700,000
= $3,400,000
= $3.4 million
Answer:
a. 7.03%
Explanation:
We need to solve for the rate of sustainable growth which is the amount of growth without chanign the capital structure of the company
ROE ( 1 - dividend payout) = sustainable growth
ROE income / equity = 1,420,00 / 11,115,000 = 0.127755285
0.127755285 ( 1 - 0.45) = 0.0702654 = 7.03%
Answer:
mazie and yoshiko are the answers.
Explanation:
edgunuity
Answer:
the job unit product cost is $124
Explanation:
The computation of the job unit product cost is as follows:
= Total cost assigned ÷ number of audio controllers produced
= ($4,000 + $1,200 + $10 × 100) ÷ (50)
= ($4,000 + $1,200 + $1,000) ÷ (50)
= $6,200 ÷ 50
= $124
hence the job unit product cost is $124