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Montano1993 [528]
3 years ago
9

Thermopolis, Inc. reported retained earnings of $490,953 on December 31, 2017. During the year, Thermopolis recorded net income

of $135,075 and paid dividends of $57,762. The company had no other transactions that affected retained earnings. What must retained earnings have been on December 31, 2016
Business
1 answer:
Rzqust [24]3 years ago
4 0

Answer:

the Opening retained earning balance is $413,640

Explanation:

The computation of the retained earnings have been on December 31, 2016 is shown below:

As we know that

Ending retained earning balance = Opening retained earning balance + net income - dividend paid

$490,953 = Opening retained earning balance + $135,075 - $57,762

$490,953 = Opening retained earning balance + $77,313

So, the Opening retained earning balance is $413,640

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Keith_Richards [23]

Answer:

$259.34

Explanation:

the value of the stock can be determined using the two stage dividend discount model.

In the first stage, the present value would be determined using a discount rate of 18%.

In the second stage, the present value would be determined using a discount rate of 6%.

Values from the first and second stage would be added together to determine the value of the stock

First stage

Present value in year 1 = ($3.2 x 1.18) / 1.087 = $3.47

Present value in year 2 = ($3.2 x 1.18²) / 1.087² = $3.77

Present value in year 3 = ($3.2 x 1.18³) / 1.087³ = $4.09

Present value in year 4 = ($3.2 x 1.18^4) / 1.087^4 = $4.44

Second stage

($3.2 x 1.18^4 x 1.06) / (0.087 - 0.06) = 243.57

Value of the stock = $3.47 + $3.77 + $4.09 + $4.44 +  243.57 = $259.34

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the change from traditional manufacturing to service and high-tech manufacturing requires highly job skills.
valentina_108 [34]

Answer:

Technical

Explanation:

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Pursuing multiple market segments at the same time is the best way to enter new markets. Group of answer choices True False
Archy [21]

It should be noted that pursuing multiple market segments at the same time is not the best way to enter new markets. Therefore, it's false.

<h3>What is a market?</h3>

A market simply means the coming together of a buyer and seller for transactions purpose.

In this case, pursuing multiple market segments at the same time is not the best way to enter new markets. One needs to have complete knowledge before entering a market.

Learn more about market on:

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kiruha [24]

Answer:

the answer is natural;human

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klemol [59]

Answer:

$2000

Explanation:

According to CDC research, each employee who smokes costs his or her organization approximately $2000 per year due to reasons such as;

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