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3 years ago

Over the first four years of a company's life, it earned the following net income (loss):______.

Business

1 answer:

Gelneren [198K]3 years ago

5 0

Answer:

$700

Explanation:

The computation of the average dividend amount paid is as follows:

Total net income for first four years is

= $6,000 + $4,000 + $7,000 - $3,000

= $14,000

And, the ending retained earning balance after 4 years is $11,200

So, the dividend payment would be

= $14,000 - $11,200

= $2,800

For per year it would be

= $2,800 ÷ 4 years

= $700

You might be interested in

ABC purchased $500 of merchandise on account. ABC's journal entry to record this transaction includes a ______.

MrMuchimi

If ABC purchased $500 of merchandise on account. ABC's journal entry to record this transaction includes a:

Debit to Inventory of $500

Credit to Accounts Payable of $500.

Based on the information given if the company purchased merchandise of the amount of $500 on account, the appropriate journal entry to record this transaction is:

ABC journal entry

Debit to Inventory of $500

Credit to Accounts Payable of $500

(To record merchandise on account)

Learn more here:<em>brainly.com/question/14919979</em>

4 0

3 years ago

The Math department also purchased a printer. After 4 years, it will have a salvage value of $200. A new printer is expected to

Aleksandr [31]

Answer:

determine the size of payments.

$202,42

Explanation:

Expected cost 2000

Salvage value old printer 200

Cost requirement 1800

FVOrdinary Annuity=C*(1+i)n-1/i

1800=c*(1+3%)>8-1/i

C=202,42

N Monthly % VF

0 202,4214999 1,00 202,42

1 202,4214999 1,06 214,57

2 202,4214999 1,12 227,44

3 202,4214999 1,19 241,09

4 202,4214999 1,26 255,55

5 202,4214999 1,34 270,89

6 202,4214999 1,42 287,14

7 202,4214999 1,50 304,37

6 0

3 years ago

Jasmin purchased 100 shares of Pinkstey Corporation (publicly traded company) on January 1 of year 1 for $5,000. The FMV of the

Pani-rosa [81]

Answer:

Option C=> Jasmin has no taxable income for the Pinkstey Corporation stock in year 4.

Explanation:

So, here are the main information given in the question above that is going help us on solving the question and they are;

(1)."Jasmin purchased 100 shares of Pinkstey Corporation (publicly traded company) on January 1 of year 1 for $5,000."

(2). ''The FMV of the shares at the end of year 1 was $6,000.''

(3). "On January 1 year 4, Pinkstey Corporation declared a 2-for-1 stock split when the fair market value of the stock was $65 per share."

(4)." On January 1 of year 5, Jasmin sold all of her Pinkstey Corporation stock when the fair market value was $40 per share."

So, in the statement (3) above where Pinkstey Corporation declared a 2-for-1 stock split, Jasmine will no longer receive income for a period of the 4th year.

Also, Jasmine now have 200 shares instead of the 100 shares originally purchased in statement (1) above in Pinkstey Corporation.

6 0

3 years ago

Clothing Emporium was organized on January 1, 2018. The firm was authorized to issue 100,000 shares of $5 par value common stock

serg [7]

Answer:

a. $370,000.

Explanation:

The first would be to define additional paid-in that would be the amount paid over face value if the face value is 100 and the share at issued at 105 then there is a 5$ additional paid-in per share.

With that in noticed we are going to <u>check the transaction during 2018:</u>

30,000 at $7 ($5 face value $2 additional paid in)

20,000 at $8 ($5 face value $3 additional paid in)

Common stock

we got 50,000 issued with their face of $5 = 250,000

additional paid-in capital would be

30,000 shares at $2 = $60,000

and 20,000 shares at $3 = $60,000

additional paid-in $120,000

The total paid-in would be

250,000 common stock

+ 120,000 additional paid-in

Equal to 370,000

5 0

4 years ago

Peter is assisting with a report that will forecast sales for the next year. He has been asked to collate sales data for the pre

Likurg_2 [28]

Peter seems to be building a historical or past sales method to forecast future sales. In this model, you use past sales data to determine what the average sales have been for certain periods and use that number to forecast predicted sales for the same time period for the current year.

5 0

3 years ago