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
Lena [83]
4 years ago
5

Maynard Enterprises paid $1,328 in dividends and $969 in interest over the past year. The common stock account increased by $1,2

24 and retained earnings decreased by $333. What was the company's net income?
Business
1 answer:
quester [9]4 years ago
3 0

Answer:

$995

Explanation:

Net income comprises of the dividends declared and the retained earnings. Dividends and retained earning are obtained from a company's net income. In other words, net come is retained earning plus dividends declared.

Interest paid is an expense that is factored when computing the net income. The common stock account does not relate to the net income.

For Maryland enterprises, net income will be dividend declared plus the change in retained earnings.

i.e., net income =$1,328 +(-333)

=$1,328-333

=$995

You might be interested in
1. Mira wants to be a nurse. What sorts of values would you expect her to have? What sorts of things would she be likely to valu
Kryger [21]

Answer:……….I am sorry I do not know

…………

Explanation:

3 0
3 years ago
An apartment building has potential annual rents of $80,000. Expenses are $26,000. The current vacancy rate is 6%. The owner has
algol [13]

Answer:

The building is valued at $328,000 for the owner.

Explanation:

We calcualte the value of the building using the perpetuity formula:

C/r = Value

Where:

C = annual income generate for the building

<u>expected rent revenue: </u> revenue x (1 - vacancy)

80,000 x (1 - 0.06) =   75,200

expenses per year  <u>  (26,000)   </u>

<em>income per year:        49,200</em>

<em />

rate of return 15% = 15/100 = 0.15

C/r = Value

49,200 / 0.15 = <em>Value  = 328,000</em>

6 0
4 years ago
Which of the following is true?Select one:a. Overhead costs are often affected by many issues and are frequently too complex to
Vsevolod [243]

Answer:

e. When cost analysts are able to logically trace cost objects to costs, costing accuracy is improved.

Explanation:

Overhead costs are costs which can not be attributed to a particular item . So it is distributed among more than one item on some basis.

For example electricity cost is a common overhead in a company having two machines one producing pen and the other producing paper . The overhead electricity cost can be scientifically apportioned in the cost analysis of pen and paper on the basis of wattage capacity of machines used in the manufacture of pen and paper .

6 0
3 years ago
What is the role of the Federal Open Market Committee? A. It appoints the Fed Board of Governors. B. It oversees the entire Fede
Akimi4 [234]
D.It makes key decisoons about the U.S blah blah blah blah blah
7 0
3 years ago
Read 2 more answers
The objective of market segmentation is to identify the similar characteristics of the consumer who is most likely to buy the pr
crimeas [40]

Answer:

This information to determine which one of the segment market identified is the viable market for business products.

Explanation:

The primary purpose of the market segmentation is to group the customers based on the characteristic of product that they desire. This helps the company to understand whom they are going to target and what they actually expect from them. If we know what they actually desire from us, it is more likely that we are providing the best experience to our customers which will increase the revenue.

Note: I tried my best to find the options the question has by using the internet but I didn't find any. If you think that the answer doesn't answers what you want to understand, then paste the complete question in the comments section, I will answer it.

4 0
4 years ago
Other questions:
  • The Earned Income Credit is one alternative to____controls.
    6·1 answer
  • Chris is a nuclear physicist. at work, she is very good at her job, and she is in high demand for special top-secret projects be
    12·1 answer
  • This year andrews achieved an roe of 13.9%. suppose management takes measures that increase asset turnover (sales/total assets)
    14·1 answer
  • Use the following to answer the question.Outdoor Sporting World (OSW), a national chain, has been doing business with Casper Spo
    5·1 answer
  • Which of the following careers is most likely to require business skills?
    12·1 answer
  • Every business person will need to write a negative business message that may disappoint, irritate, or anger a receiver; these m
    7·1 answer
  • The Fluffy Feather sells customized handbags. Currently, it sells 18,000 handbags annually at an average price of $89 each. It i
    13·1 answer
  • The company allocated manufacturing overhead of using a predetermined overhead rate of per machine hour. The total actual manufa
    12·1 answer
  • Why is human resource management important to all managers? What is the role of line managers in human resource management?
    9·1 answer
  • What is the main goal of people who work in the career feild of human services
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!