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bearhunter [10]
3 years ago
6

Andrews Company currently has the following balances in their liability and equity accounts: Total Liabilities: $52,319,000 Comm

on Stock: $8,808,000 Retained Earnings: $45,066,000 Next year the Andrews Company generates $11,500,000 in Net Profit, pays $5,000,000 in dividends, and total liabilities and common stock remain unchanged. What will their total assets be next year
Business
1 answer:
Dovator [93]3 years ago
7 0

Answer: $112,693,000

Explanation:

Total assets = Equity + Liabilities

Liabilities will not change in the new year.

Retained earnings = Beginning retained earnings + Net income - Dividends

= 45,066,000 + 11,500,000 - 5,000,000

= $51,566,000

Assets = (8,808,000 + 51,566,000) + 52,319,000

= $112,693,000

Note: Equity is the sum of common stock and retained earnings

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Keynesian theory is based on the concept that saving and consumption are influenced primarily by real current disposable income.
Sonbull [250]

Answer:

saving and consumption are influenced primarily by real current disposable income

Explanation:

keynesian economics is a known form of economics that is of demand-side in the sense that it encourages government action to increase and decrease demand and output.

Consumption is using ur money by spending it on new goods and services out of a household's current income.

While Saving is simply not eating up or the act of not consuming all of one's current income. Keynes argument was that the interest rate is not the most necessary factor in saving and consumption decisions. Rather, real saving and consumption decisions depend primarily on a household's real disposable income

4 0
3 years ago
g You own shares of a company that reported after-tax earnings of $29 million and has issued 2 million shares of stock. The comp
musickatia [10]

Answer: 0.35

Explanation:

The Price to Earnings ratio is used to value companies and is calculated by dividing the company's stock price by its earnings per share.

Earnings per share = 29,000,000/2,000,000 shares

= $14.50

PE ratio = Share price / Earnings per share

= 5.09/14.50

= 0.35

4 0
3 years ago
On January 1, Year 2 Boothe Company paid $12,000 cash to extend the useful life of a machine. Which general journal entries woul
Akimi4 [234]

Answer:

January 1, 2016:

Dr Accumulated Depreciation account 12,000

Cr Cash account 12,000

Explanation:

The accumulated depreciation account is a contra asset account used to record all the incurred depreciation expense since the asset (or assets) was being used or put into service.

Since the repairs extended the life cycle of the asset, then its accumulated depreciation decreases.

5 0
4 years ago
HELP PLEASE HURRY!!!! Is it fair to restrict people's ability to work based on their age? Why or why not? Justify your answer.
7nadin3 [17]
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3 0
3 years ago
Read 2 more answers
Which of the following is not descriptive of external environmental scanning? used as a tool for corporations to avoid strategic
julsineya [31]

Answer:

used to identify major stockholders

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Environmental scanning is a management strategy that focuses on systematically acquiring informations about occasions, trends, events or patterns through surveys and analysis of these information  in an organisation's external and internal environment. The informations acquired through environmental scanning is then used by the executive management in strategically planning the organisation's future and exploitation of available opportunities for the success of the organization.

The internal environmental scanning offers an organization strength and weakness while the external environmental scanning provides information about opportunities and threats.

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Hence, the following are descriptive of an external environmental scanning;

1. Used as a tool for corporations to avoid strategic surprise.

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3. Used to determine a firm's competitive advantage.

4. Used as a tool to ensure a corporation's long-term health.

7 0
4 years ago
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