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Citrus2011 [14]
2 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]2 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.

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In the résumé above, what would cause appearance of the "00000000000"?
enot [183]
It could be that you type the numbers accidentally and that should have made the numbers appear. Well if you want to get rid of it you just need to remove that on the soft copy and then print the resume again. Doing so should have eliminate those 0`s printed on the resume. 


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7 0
3 years ago
Read 2 more answers
The bottom-up approach for estimating times and costs that uses costs from past projects that were similar to the current projec
storchak [24]

Answer: template method

Explanation:

The bottom-up approach for estimating times and costs that uses costs from past projects that were similar to the current project is known as template method.

It should be noted that estimating time and cost are vital because it helps schedule work, develop needs of cash flow and show progress of a project.

5 0
3 years ago
Tetra Co. uses the perpetual inventory system and a FIFO cost flow method. On January 1, the company purchased 2,400 units of in
Juli2301 [7.4K]

Answer:

The options are not correct:

Dr costs of good sold  $15,800

Cr inventory                                   $15,800

Explanation:

The 4,400 units sold consist of the 2,400 units purchased on 1 January at $4.00 per unit and the balance of 2,000 units from the purchase made on January 12 at $3.10 per unit

cost of goods sold=(2,400*$4)+(2,000*$3.10)=$15,800

The cost of goods sold is $15,800 ,neither is it $11,900 nor $11,800

The appropriate entries is to debit costs of good sold with $15,800 while merchandise inventory is credited with $15,800

3 0
2 years ago
Stanley Inc. must purchase $6,000,000 worth of service equipment and is weighing the merits of leasing the equipment or purchasi
slega [8]

Answer:

$207,215

Explanation:

Loan Payment :

5 years, Loan = $6,000,000, Interest rate = 10%, Each payment = $1,790,000

using a financial calculator, N = 5, 1/Y = 10%, PV = - 6,000,000, FV = 0,

Calculating, PMT = $1,582,725

Therefore, difference = $1,790,000 - $1,582,725 = $207,215

8 0
3 years ago
Income Statement For the Year Ended on December 31 J&amp;H Corp. Industry Average Net sales $39,000,000 $48,750,000 Operating co
noname [10]

Answer:

1.J&H Corp’s NOPAT is $3,744,000, which is $936,000 lower than industry average of $4,680,000

2.Net operating working capital of $18,000 is been used by the company.

3.J&H Corp will be generating $5,019,600 in net cash flow from its operations and an accounting profit of $3,369,600

4.Therefore the firm uses $978,000 of total net operating capital to run the business.

Explanation:

J&H Corp

1. Calculation for NOPAT

NOPAT = 6,240,000 x (1- 40%)

= 6,240,000 x (1 – 0.4)

= 6,240,000 x 0.6

= $3,744,000

Calculation for Industry Average

Industry Average= 7,800,000 x (1- 40%)

7,800,000×(1-0.4)

7,800,000×0.6

=$4,680,000

Hence:

($4,680,000-$3,744,000)=$936,000

J&H Corp’s NOPAT is $3,744,000, which is $936,000 lower than industry average of $4,680,000

2:Calculation for Net Operating Working Capital

Net Operating Working Capital= Current Operating Assets − Current Operating Liabilities

Net Operating Working Capital= (Cash + Accounts Receivable + Inventories)− (Accounts Payable + Accrued Expenses)

Short term investments won't be included in Current Operating Assets

Given current assets = $600,000 ×12% in Short term investments = $72,000

Therefore Current Operating Assets will be: 600,000 – 72,000 = $528,000

Current Operating Liabilities = $510,000

Net Operating Working Capital

= $528,000 - $510,000 = $18,000

Net operating working capital of $18,000 is been used by the company.

3. Calculation for Net cash flow operations

Net cash flow from operations = Net income + Depreciation & Amortization + Changes in Working Capital

Changes in working capital = Working capital of the year

= $600,000 - $510,000

= $90,000

Net cash flow from operations will be:

$3,369,600 + $1,560,000 + $90,000 = $5,019,600

The Accounting profit will be the total revenue less the explicit costs

Explicit costs includes operating expenses, depreciation, interest and taxes.

Hence, the Accounting Profit will be :

Net income = $3,369,600

J&H Corp will be generating $5,019,600 in net cash flow from its operations and an accounting profit of $3,369,600

4. Calculation for the Total net operating capital

Total net operating capital = Net Operating Working Capital + Non-current Operating Assets

$528,000 - $510,000 = $18,000

Net Operating Working Capital = $18,000

Non-current Operating Assets = operating long term assets = $960,000

Total net operating capital

= $18,000 + $960,000

= $978,000

Therefore the firm uses $978,000 of total net operating capital to run the business. Thus the value is been computed as the sum of J&H Corp’s net operating working capital and its Non-current Operating Assets.

4 0
3 years ago
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