Answer:
$220,000
Explanation:
From the Accounting Equation we know:
Assets = Liabilities + Shareholders' equity
Net Income is the amount we add in the Shareholders' equity as Retained Earnings and Dividend Paid amount is deducted from the Shareholders' equity, So by putting in the values given in the question, we get;
Total Assets = Total Liabilities + Stockholders' Equity + Net Income - Dividend Paid
$240,000 = $120,000 +$160,000 + $180,000 - Dividend Paid
Dividend Paid = $460,000 - $240,000
Dividend Paid = $220,000
Answer:
Bilateral contract.
Explanation:
Bilateral contract: It is a legally binding contract between two or more parties, wherein each party agree to fullfil the promise made to each other.
There are four elements necessary for the existence of a bilateral contract:
- Agreement.
- Consideration.
- Intention to create legal relations.
- Certainty.
In the given case, Clay offers to pay Diane $50 for a golf lesson for Ewan, which they are fulfilling by agreeing to meet on Friday to exchange the cash for the lesson. Therefore, these parties have made a bilateral contract.
High school graduates earn an average of $1.2 million, while Bachelor's degree holder will earn about $1.6 million, earning them $400,000 more than someone with just a highschool diploma.
When interest rates go up
