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
Dafna1 [17]
2 years ago
15

Bonita Industries began the year by issuing $75500 of common stock for cash. The company recorded revenues of $772000, expenses

of $666000, and paid dividends of $45000. What was Bonita net income for the year
Business
1 answer:
Alex2 years ago
3 0

Answer:

net income = $106,000

Explanation:

net income = total revenues - total expenses = $772,000 - $666,000 = $106,000

Any additional capital raised will increase the company's cash flows (financing activity) and any dividends distributed will decrease them (another financing activity), but they do not affect the company's net income.

You might be interested in
You hold a diversified portfolio consisting of a $10,000 investment in each of 15 different common stocks (i.e., your total inve
yarga [219]

Answer: 1.28

Explanation:

The portfolio beta is a weighted average of the investments in the portfolio.

The new beta will therefore be;

= Portfolio beta - weighted beta of stock being sold + weighted beta of stock to be added

= 1.3 + ( 10,000/150,000 * 1.6) + ( 1.3 * 10,000/150,000)

= 1.3 - 0.11 + 0.09

= 1.28

7 0
3 years ago
During the first 11 months of a recent year, a certain charitable organization received an average (arithmetic mean) of $20,600
IgorLugansk [536]

Answer:

$25,400

Explanation:

Average for first 11 months = $20,600

Total amount for first 11 months = 11 x $20,600 = $226,600

Average for 12 months = $21,000

Total amount for 12 months = 12 x $21,,000 = $252,000

Amount received in December =  $252,000 - $226,600 = $25,400

The organization received $25,400 in donations during December

6 0
3 years ago
Which button in the Print Preview tab allows users to set specific margins on the page of a report?
Irina-Kira [14]

Answer:

Page Setup

Explanation:

Page set up allows users to determine how a print out will appear. The user can customize the page size and layout. The page setup dialog box is available under the Layout tab in the Ribbon menu.

Page layout makes it possible for users to set the print parameters. These parameters include paper size,  page orientation, page margins, and quality of the print.

6 0
2 years ago
A firm sells 1000 units per week. It charges $15 per unit, the average variable costs are $10, and the average costs are $25. In
erik [133]

Answer:

b. ​Continue operating as the firm is covering all the variable costs and some of the fixed costs

Explanation:

A firm should shutdown operations if its price is less than average variable cost.

The price the firm sells is $15

Average variable cost is $10.

Price is greater than average variable cost in excess of $5.

The $5 covers some of the average fixed cost.

I hope my answer helps you

7 0
3 years ago
what's the best definition of financial literacy? a. the efficient and effective management of moneyb. the ability to find, eval
san4es73 [151]
Im going to say the answer is A
5 0
3 years ago
Other questions:
  • Ring Company designs and builds jewelry. During June it had applied overhead of $120,000. Overhead is applied at the rate of 75%
    6·1 answer
  • A media campaign geared to prevent a policy change the interest group does not favor is known as a(n) __________ campaign.
    12·1 answer
  • An earthquake destroys a major manufacturing plant that produces sneakers. the manufacturing plant for rubber, a complementary g
    6·1 answer
  • If Cute Camel ever goes bankrupt, its common stockholders will be paid off first, then its debtholders and preferred stockholder
    9·1 answer
  • Which of the following is true about the short-run aggregate supply curve.
    12·1 answer
  • Suppose that the demand for loanable funds for car loans in the milwaukee area is $10 million per month at an interest rate of 1
    14·1 answer
  • One school of management thought states that organizational decisions and actions are influenced mainly by what attracts managem
    13·1 answer
  • We describe the flow of costs in a process costing system and prepare appropriate journal entries to record costs. A process cos
    11·1 answer
  • An investor implements a collar strategy by purchasing 100 shares of the Tesla stock at a price of $840 per share, selling 100 c
    11·1 answer
  • Clover finance wants to increase the usefulness and accessibility of
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!