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Oliga [24]
3 years ago
12

In its recent income statement, a firm reported $25 million of net income, and in its year-end balance sheet, the firm reported

$405 million of retained earnings. The previous year, its balance sheet showed $390 million of retained earnings. What were the total dividends paid to shareholders during the most recent year?
a. $ 6,750,000
b. $10,000,000
c. $11,250,000
d. $ 5,000,000
e. $ 3,500,000

Business
1 answer:
frez [133]3 years ago
5 0

Answer:

The answer is B. $10,000,000

Explanation:

The formula for dividend paid to shareholders is

Beginning Retained Earnings plus net income minus ending retained earnings.

Please refer to the attached for the calculation

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I think it's a cashier's check...(Don't mark my words)
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From the list that jill made for a shopping trip to the grocery store, she could recall only the items in the beginning and in t
Veseljchak [2.6K]

this is an example of semantic memory

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8 0
1 year ago
A company is formulating its plans for the coming year, including the preparation of its cash budget. Historically, the company'
Alchen [17]

Answer:

c. $4,025,200

Explanation:

The computation of the total cash receipts from sales and collections in April month is shown below:

= April sales × cash sales percentage + April sales × credit sales percentage × collection month percentage + March sales  credit sales percentage × Following month collection percentage

= $4,000,000 ×30% + $4,000,000 × 70% × 40% + $4,200,000 × 70% × 58%

= $1,200,000 + $1,120,000 + $1,705,200

= $4,025,200

Since cash sales are 30% , so the credit sales would be 70%

3 0
3 years ago
A stock is trading at $58. You believe there is a 70% chance the price of the stock will increase by 10% over the next 3 months.
MAXImum [283]

Answer: $498

Explanation:

A Put is an option that will only be exercised if the price of the underlying security which is the stock in this case, falls below the current price of $58.

This means that we will not include the 70% chance of increase in our calculation.

In a contract, there are 100 shares.

Expected profit = Contract price - (Prob. of dropping by 10% * 10% of stock) - (Prob. of dropping by 20% * 20% of stock)

= 730 - ( 20% * 10% * 58 * 100) - (10% * 20% * 58 * 100)

= 730 - 116 - 116

= $498

3 0
3 years ago
The ________ stage of the new-product process assesses the total "business fit" of the proposed new product with the company's m
xeze [42]

Answer:

The answer is market strategy development stage.

Explanation:

During the market strategy development phase, it is analyzed if your product fits into your business strategic plans. A probable demand, the costs and the margins are estimated. Questions like what is the target market and which market share is expected need to be answered.

8 0
3 years ago
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