Answer:
$296 (in thousands)
Explanation:
The Dividends paid is calculated as:
Dividend paid
= Beginning Retained earnings + Net income during 2021 - Ending Retained earnings
Now,
Beginning retained earning = Retained earning at 2020 i.e $220,000
Net income during 2021 = $406,000
Ending retained earning = Retained earning of 2021 i.e $330,000
on substituting the value, we get
Dividend paid = $220,000 + $406,000 - $330,000
or
Dividend paid = $296 (in thousands)
Answer:
I do not know but I hope you can send some poimnts for my chem assignment!!
Explanation:
Which shift in the demand curve most likely to describe a company in a monopolistically competitive market that begins to spend more on advertising? An upward shift on the demand curve. A monopolistic competitive market is imperfect competition because many products sell similar products but they are different due to branding and quality used so they are not perfect substitutes for one another.
Answer:
b) debit accounts receivable, credit capital
Explanation:
Performing service is part of normal business activities. It generates revenue for the business.
Once a service has been performed, revenue increases. Revenue is an equity account (it increases the owner's equity). An increase to an equity account is recorded by crediting the account.
The payment will be received in 30 days. This is an increase in accounts receivables ( asset account). An increase in assets is recorded as a debit.
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