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
laila [671]
3 years ago
11

The first year of operations for a company was Year 1. The net income for Year 1 was $20,200 and dividends of $12,100 were paid.

In Year 2, the company reported net income of $34,200 and paid dividends of $5,100. At the end of Year 1, the company had total assets of $152,000. At the end of Year 2, the company had total assets of $ $242,000. What is the amount of retained earnings at the end of Year 2
Business
1 answer:
Mekhanik [1.2K]3 years ago
8 0

Answer:

$37,200

Explanation:

The amount of retained earnings is calculated by using the formula below;

Amount of retained earnings = Net income - Dividends paid

In year 1, the amount of retained earnings

= $20,200 - $12,100

= $8,100

In year 2, the amount of retained earnings

= $34,200 - $5,100

= $29,100

Therefore, the amount of retained earnings at the end of year 2

= Amount of retained earnings for year 1 + Amount of retained earnings for year 2

= $8,100 + $29,100

= $37,200

You might be interested in
Select the correct answer. What is a SWoT analysis?
Ipatiy [6.2K]

Answer:

B

Explanation:

SWOT stands for Strengths, Weaknesses, Opportunities, and Threats. SWOT analysis (or SWOT matrix) is a strategic planning technique used to help a person or organization identify strengths, weaknesses, opportunities, and threats related to business competition or project planning.

5 0
3 years ago
Discretionary fiscal policy
Furkat [3]
The answer is option "d", all of the above.
<span>Discretionary fiscal policy
</span><span>a. may reassure investors and consumers that the federal government will be able to avert a major economic downturn.

b. is not very effective in influencing real GDP during normal times because of time lags.

c. can be very effective in influencing real GDP during abnormal​ times, such as when a nation is at war.

</span>We can define discretionary fiscal policy as when there is a change in government expenditures or taxes to gain national economic goals.
7 0
3 years ago
How does tax help to stablise the prices of the product​
sammy [17]

Tax helps in stablising the price of product ; because tax is added to the price of product as value added that's why increase in tax system also increases in price of product; also businessmen needs to pay tax from their profit.

5 0
3 years ago
Writing number 55561230 555612300 write the number in expanded form
Veronika [31]
<span>When we write the number according to the place value of its digits, that form is the expanded form of a number.
Expanded form of </span><span>55561230 is:
</span>50000000 + 5000000 + 500000 + 60000 + 1000 + 200 + 3 + 0
Expanded form of 555612300 i
500000000 + 50000000 + 5000000 + 600000 + 10000 + 2000 + 300 + 00 + 0
7 0
3 years ago
An increase in the minimum wage will tend to cause which of the following to​ occur? A. an increase in the size of the surplus o
VMariaS [17]

Answer:

The answer is B.

Explanation:

The law of supply states that the higher the price, the higher the quantity supplied and the lower the price, the lower the quantity supplied.

Labor is resource in factor market. Factor market is a market where factor of production like capital, labor, land etc are sold and bought.

With an increase in minimum wage, many people will be willing to work. This means there is an increase in supply of labor which will lead to rightward shift in the supply of labor.

5 0
3 years ago
Other questions:
  • What is the fundamental goal of a business? Do all organizations share this goal?
    12·1 answer
  • Enlightenment thinkers were concerned with how man would be without _____.
    5·1 answer
  • 24. Long-run growth in real GDP is determined primarily by ______, while short-run movements in real GDP are associated with ___
    9·1 answer
  • You plan to save $200 a month for the next 24 years and hope to earn an average rate of return of 10.6 percent. How much more wi
    5·1 answer
  • What dividend yield would be reported in the financial press for a stock that currently pays a $1 dividend per quarter and the m
    10·1 answer
  • QUESTION 14
    9·1 answer
  • You are applying to a job after reading the listing on a job board website. The
    11·1 answer
  • Which of the following best describes the brainstorming process?
    14·1 answer
  • How did jimmy carter respond to the economic crises of the late 1970s?
    7·1 answer
  • What are examples of Information Technology careers? Select five options. Web Developer Video Game Designer Computer Programmer
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!