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
Citrus2011 [14]
3 years ago
10

During fiscal year-end 2016, Kohl’s Corporation reports the following (in $ millions): net income of $556, retained earnings at

the end of the year of $12,522 and retained earnings at the beginning of the year of $12,329. Assume that there were no other retained earnings transactions during fiscal 2016. What dividends did the firm pay in fiscal year ended January 28, 2017? a. $683 millionb. $1,669 millionc. $363 milliond. $0
Business
1 answer:
nikitadnepr [17]3 years ago
7 0

Answer:

c. $363 million

Explanation:

We can compute this easily by making a retained earning extract from the balance sheet at the closing date,

Opening Retained earnings                    $12,329

Add retained earnings for the year         $556

Less: Dividends paid                                 $363

Closing Retained earnings                       $12,522

Reverse calculating the information gives us c. $363 million

Hope that helps.

You might be interested in
The paper is written, the next step is to __________. limit your topic and make the purpose of your paper clear use an acceptabl
JulijaS [17]

The next step to be approached after the paper is written is that an individual should limit their topic and that they should make a purpose of the paper as this is a method that is effective when planning and making an effective essay or topic.

3 0
3 years ago
Milo decides to invest $1,500 in a savings account every year at the beginning of the year for 10 years. Assuming an interest ra
irina1246 [14]

Answer:

$22,175.40

Explanation:

For this question, we use the Future value formula that is shown on the attachment below:

Provided that,  

Present value = $0

Rate of interest = 7%

NPER = 10 years

PMT = $1,500

The formula is shown below:

= -FV(Rate;NPER;PMT;PV;type)

So, after solving this, the future value is $22,175.40

Therefore, the amount at the end of the year is $22,175.40

4 0
3 years ago
Margaery is in search of a new job. She is of the opinion that the first step in making a good match between what she has to off
Basile [38]

Option B  need for altruism

8 0
3 years ago
Tower Inc. owns 30% of Yale Co. and applies the equity method. During the current year, Tower bought inventory costing $66,000 a
Murrr4er [49]

Answer:

the amount deferred by tower as intra-entity gross profit: 3,240

Explanation:

120,000 sales with a cost of 66,000

remains at year-end:

 24,000 with a cost of:  66,000/120,000 x 24,000 = 13,200

gross profit: 24,000 - 13,200 = 10,800

For this rgoss profit we are going to deferre the 30%;

10,800 x 30% =  3,240

4 0
3 years ago
Which of the following has the elements of the supply chain in the correct order?
irina1246 [14]

I believe the answer would be C because first we gather materials like cotton strings ect, then we produce it and make something out of cotton and strings ect, and then we distribute it to retail to get sold and earn money. Hope this helps!

6 0
3 years ago
Other questions:
  • the gdp of a country hasn’t improved in the past three years. the central bank decided to take a measure that will increase the
    13·2 answers
  • Abby starts up Bowls Bistro to serve and sell soups for workday lunches. Abby leases space in an office building owned by Carmen
    6·1 answer
  • Assume the following data concerning a purchase of merchandise by Icon Co. on April 2:
    11·1 answer
  • What is the Total Cost of a stock purchase if the stock price is $54, shares purchased 150, with a $5 Commission Fee? (See probl
    7·1 answer
  • When Bill's Diner moves from the production combination of 35 burgers and 25 hotdogs to the combination of 25 burgers and 65 hot
    13·1 answer
  • Which of the following illustrates an inflow of cash? a. a decrease in common stock b. a decrease in long-term debt c. a decreas
    8·1 answer
  • When listing a reference on your resume, you should: A) Use a fancy font and eye-catching color B) Not list references on your r
    6·1 answer
  • According to Gardner, intelligence can be measure by a person having
    14·2 answers
  • Piper, a US citizen owns 100% of the stock of FORco, a foreign manufacturing and sales subsidiary. In 2020, FORco had $10 millio
    5·1 answer
  • XYZ Co. manufactures bicycles. Demand for this year’s model is expected to occur at a constant annual rate of 9200 items. One bi
    6·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!