1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Marta_Voda [28]
3 years ago
11

Superior has provided the following information for its recent year of operation: The common stock account balance at the beginn

ing of the year was $12,000 and the year-end balance was $16,000. The additional paid-in capital account balance increased $3,700 during the year. The retained earnings balance at the beginning of the year was $70,000 and the year-end balance was $91,000. Net income was $38,000. How much were Superior's dividend declarations during its recent year of operation
Business
1 answer:
yKpoI14uk [10]3 years ago
7 0

Answer: $22000

Explanation:

The amount of Superior's dividend declarations during its recent year of operation will be calculated thus:

Ending retained earnings ($91000) = Beginning retained earnings ($75000) + Net income ($38000) - Dividend declared

$91000 = $113000 - Dividend declared

Dividend declared = $113000 - $91000

Dividend declared = $22000

Therefore, Superior's dividend declarations during its recent year of operation is $22000

You might be interested in
On June 1, Norma Company signed a 12-month lease for warehouse space. The lease requires monthly rent of $550, with 4 months pai
Sati [7]

Answer:

Balance = $1,650

Explanation:

As Norma company has paid 4 months rent in advance, therefore at the end of June, norma company will record its 1-month expense as follows

Adjusting entry at the end of June would be

                             DEBIT       CREDIT

Entry

Rent Expense     $550

Prepaid Rent                         $550

The balance on Norma's prepaid expense would be

Prepaid Rent  = $2200

Rent Expense = ($550)

Balance = $1,650

7 0
4 years ago
A consumer will use one of three general problem-solving variations, extended, limited, or routine, based on product knowledge a
Rashid [163]

Answer: level of involvement

Explanation:

It should be noted that when people want to purchase a product, they usually look for information themselves or probably seek informations from those close to them such as friends and family.

It should be noted that a consumer will use one of three general problem-solving variations, extended, limited, or routine, based on product knowledge and level of involvement.

5 0
4 years ago
Which one of these statements is true? A) Shareholders of the target firm must vote to approve an acquisition by stock. B) The m
AleksAgata [21]

Answer:

The answer is D. Acquisitions are sometimes involuntary or even hostile

Explanation:

Out of all the options, the correct one is D. Acquisitions are sometimes involuntary or even hostile.

Hostile acquisition is the type of acquisition when the board of directors of the target company is against takeover of the company while involuntary or voluntary acquisition is the type of acquisition that the board of directors of the target company duly approves the takeover.

5 0
4 years ago
After job candidates have been recruited, a manager uses a ____________ process to determine who is a good fit with the position
Oduvanchick [21]

Answer:

Selection process

Explanation:

Selection process -

It is the method of sorting and shortlisting the perfect candidate by considering the job profile and all the important skills and qualifications of the candidate , is referred to as the process of selection .

The process of selection is different for different industries and companies , and may involve test , any activity , group discussion , personal interview etc. , for the selection process .

Hence , from the question information , the correct term according to the question is selection process .

8 0
3 years ago
If a potential investor wants to assess the ability of a company to take effective actions to alter the amounts and timing of ca
FrozenT [24]

When a potential investor is worried about the amounts and timing of cashflows and how they can respond to needs and opportunities, they are assessing <u>liquidity</u>.

<h3>What is company liquidity?</h3>

Refers to the timing and actual amounts of liquid cash that a company is able to hold.

It allows for a company to deal with emergencies.

Investors look at liquidity to determine how well a company can react when it faces an emergency and needs cash. They need to liquidity to be high enough to meet these demands.

Find out more on liquidity at brainly.com/question/14098908.

6 0
2 years ago
Other questions:
  • George is paid for holidays, sick days, vacation, personal days, and jury duty. these are his _____. paid leave benefits insuran
    11·2 answers
  • True or false: In a stock redemption, the stock redeemed by the corporation must be immediately canceled.
    9·1 answer
  • The units transferred in from the first department to the second department should be included in the computation of the equival
    12·1 answer
  • A partnership agreement:
    14·1 answer
  • What is likely to be an individual’s single biggest asset?
    15·1 answer
  • Airlines have developed frequent-flier programs to encourage passengers to use the same airline repeatedly.
    8·1 answer
  • When an MNC needs to finance a portion of a foreign project within the foreign country, the best method to account for a foreign
    10·1 answer
  • . For this project, assume that an organization has five servers. Server 1 has a TCO of $25,000, Server 2 and 3 have a TCO of $3
    7·2 answers
  • Alpha First Company just began business and made the following four inventory purchases in June: June 1 150 units $1040 June 10
    7·1 answer
  • 1. As a manager at Starbucks, Sarah Brynski hires, schedules, and oversees employees. She must also make sure each is paid the c
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!