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
Crank
2 years ago
15

A company had a beginning balance in retained earnings of $430,000. It had net income of $60,000 and declared and paid cash divi

dends of $56,250 in the current period. The ending balance in retained earnings equals:_____.
a. $426,250.
b. $433,750.
c. $490,000.
d. $546,250.
e. $116,250.
Business
1 answer:
ella [17]2 years ago
4 0

Answer:

b. $433,750

Explanation:

The ending balance in retained earnings can be calculated as;

= Beginning balance + Net income - Cash dividends

Given that;

Beginning balance = $430,000

Net income = $60,000

Cash dividends = $56,250

= $430,000 + $60,000 - $56,250

= $433,750

Therefore, the ending balance in retained earnings is $433,750

You might be interested in
Outsourcing is becoming more and more common, but it is a controversial idea in the United States. Why do you think this is such
aliya0001 [1]

Answer:

Outsourcing is a contested idea because the original company loses control of the job they are trying to complete. Outsourcing is a bad idea because it also causes jobs to be lost.  (you might want to change the wording a bit.)

Explanation:

8 0
3 years ago
Which of the following is NOT a supertrend affecting the future of business? Multiple Choice Offshore suppliers are changing the
Yakvenalex [24]

Answer:

A multiple choice offshore suppliers are changing the way work

6 0
3 years ago
Two weeks before his performance appraisal, John successfully resolved a service complaint involving one of the company’s most i
Sergeu [11.5K]

Answer:

The correct answer is Recency error.

Explanation:

Focus on the most recent performance evaluated: The evaluators can be guided by the most recent actions and / or attitudes, whether negative or positive, without considering the history of the collaborators. This error can give an unfair result and nothing representative.

A recency error is an inaccuracy or failure in the performance evaluation or job interview, caused by the dependence of the evaluator or the interviewer on the most recent events of the employee or applicant behavior.

5 0
3 years ago
Paula receives a nonliquidating distribution from Pell Corporation. Paula’s basis for her Pell stock is $10,000. In exchange for
Juliette [100K]

Answer: $13000

Explanation:

From the question, we are told that Paula receives a nonliquidating distribution from Pell Corporation. Paula’s basis for her Pell stock is $10,000 and in exchange for her stock, Paula receives real estate with an $8,000 basis and a $15,000 fair market value that is subject to a $2,000 mortgage.

The amount of Paula’s basis in the real estate she received will be the net fair market value of the real Estate. It should be noted that this is the difference between the market value and the mortgage amount. This will be:

= $15,000 - $2,000

= $13,000

6 0
3 years ago
The auditors of Steffey Ltd., decided to study the cash receipts and disbursements for the month of July of the current year und
creativ13 [48]

Answer:

                                     Bal. June 30   Receipts    Disbursements    Bal. July 31

Balance per Bank            355,001          835,846       684,747             506,100

Deposit in Transit

June 30                              86,899         -86,899

July 31                                                       51,240                                     51,240

Outstanding Checks

June 30                               42,690                               -42,690              

July 31                                                                               73,340             73,340

Unrecorded Receipts                              -150,000                                 -150,000  

Unrecorded Disbursement                                            -150,000          -150,000

Balance per Books          399,210         650,187          565,397           484,000

3 0
3 years ago
Other questions:
  • Treasury bills are currently paying 4.7 percent and the inflation rate is 2.2 percent. a. What is the approximate real rate of i
    11·1 answer
  • Which of the following tools is an example of monetary policy?
    8·2 answers
  • The bid-ask spread exists because of _______________. A. market inefficiencies B. discontinuities in the markets C. the need for
    13·1 answer
  • The marginal prospensity is to consume 0.75, marginal prospensity to invest is 0.3 and the marginal prospensity to import is 0.2
    10·1 answer
  • The company allocates manufacturing overhead using a single plantwide rate with direct labor cost as the allocation base. Estima
    6·1 answer
  • In order to improve? readability, one must avoid? __________.
    6·1 answer
  • PLEASE ANSWER THESE IT WOULD BE A HUGE HELP
    8·2 answers
  • Global institutions are needed to _____. Multiple choice question. shift economic power away from national governments prevent f
    5·1 answer
  • Read the following statements and decide in which one you think it is ?
    8·1 answer
  • Variable outcome probability price 1,500 0.3 350 0.7 yield (ton) 11 0.55 4 0.45 cost ($) 3500 0.25 7500 0.75 what is the net ret
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!