ridge crest company has beginning retained earnings of $38,000, ending retained earnings of $41,000, and net income of $23,000. what was the amount of dividends declared during the year?
Answers
Dividends totaling $20,000 have been declared during the year. The assets and liabilities of the business are shown on the balance sheet.
Do you know how much the announced dividends are?At the bottom of a company's income statement are the numbers for net income, EPS, and diluted EPS. Look at the company's dividend announcement or its balance sheet, which lists outstanding shares and retained earnings, to determine the amount of dividends paid.
Briefing :-Company has beginning retained earnings = $38,000
Net income in year = $23,000
subtotal = $61,000
Dividend declared in year = subtotal - retained earning at end of year
Dividend declared = $61,000 - $41,000
Dividend declared = $20,000
To know more about liability visit :-
https://brainly.com/question/18484315
#SPJ4
Related Questions
Suppose a worker made 4.25/ hour in 1993. How much is this worth today if the CPI in 1993 was 132 and today it is 237?
Answers
Yes that Is the answer
the purchase of multiple plant assets for one purchase price is called a ______ purchase.
Answers
the purchase of multiple plant assets for one purchase price is called a blank purchase.
Answer:
(Plant/Current) or also called (lump-sum, group, bulk, or basket purchase)
Explanation:
Found the PDF with all the answers
what are the three reporting agencies that provide free credit reports to consumers?
Answers
The three reporting agencies that provide free credit reports to consumers are Equifax, Experion and TransUnion.
There are three main credit reporting agencies, or CRAs as they are known colloquially, in the United States. These three firms are Experian, Equifax, and TransUnion. We've had these three primary competitors for nearly 20 years now, despite the fact that the credit reporting process has been around for well over a century.
There are numerous more minor reporting agencies, albeit the three biggest CRAs receive the most of attention. The majority of consumer reporting organizations primarily want to learn more about you, especially your history of credit management. For access to your information when you apply for credit, insurance, rent, utilities, and other services, lenders and other businesses must pay the credit bureaus. Lenders determine if you're likely to be a reliable borrower and make your payments on time in the future by looking at how you've handled credit in the past.
We can learn more about credit reporting agencies here:
https://brainly.com/question/27208760#
#SPJ4
good x generates external benefits, while good y generates external costs. compared to their efficient levels of output, would unregulated markets produce too much or too little of goods x and y?
Answers
Good x generates external benefits, while good y generates external costs. Compared to their efficient levels of output. Good X will produce too little and good Y will produce too much.
What is a market?
In the field of economics, a market is a collection of mechanisms that allow for the exchange of goods and services between parties. The majority of markets rely on sellers providing their goods or services to purchasers in exchange for money, however parties may exchange goods and services by barter.
A market is a gathering place for consumers and sellers where they can exchange goods and services. Markets might be real-world, like a physical store, or digital, like an online merchant. The black market, the auction market, and the financial market are more examples.
To know more about market, click here- brainly.com/question/24877850
#SPJ4
how does the ex-im bank fund the financing aid it provides to facilitate exports, imports, and the exchange of commodities between the us and other countries? multiple choice question. taxes loans coupons rebates
Answers
Loans does the ex-I'm bank fund the financing aid it provides to facilitate exports, imports, and the exchange of commodities between us and other countries.
In economics, commodities are economic goods, usually resources, that are wholly or essentially fungible. That is, the market treats instances of goods as equal or nearly equal, regardless of who produced them.
A commodity futures contract is a derivative contract in which a buyer agrees to buy or sell a specified quantity of a physical commodity at a specified price on a specified future date.
Commodities are basic commodities used in trade and exchangeable for other commodities of the same kind, often used as inputs in the production of other goods and services. Traditional examples of commodities include grain, gold, beef, oil, and natural gas.
Learn more about commodities https://brainly.com/question/17242780
#SPJ4
you are a marketer for a retirement community. grouping users that explore several landing pages about different types of homes in your community as ""people seeking to retire"" is an example of what?
Answers
Grouping users who explore several landing pages about different types of homes in your retirement community as "people seeking to retire" is an example of segmentation in marketing.
Segmentation involves dividing a larger target audience into smaller, more specific groups based on shared characteristics, behaviors, or interests. In this case, the segmentation is based on the users' engagement with landing pages related to different types of homes in the retirement community.
By identifying and grouping users who show interest in retirement home options, you can create targeted marketing campaigns or personalized messaging that caters to their specific needs and preferences. This approach allows you to focus your marketing efforts on reaching the right audience with tailored content, maximizing the chances of attracting and engaging potential customers who are actively seeking retirement options.
learn more about "audience":- https://brainly.com/question/25437634
#SPJ11
why is enterprise important to a country ?
Answers
Answer:
New and improved products, services, or technology from entrepreneurs enable new markets to be developed and new wealth to be created. Additionally, increased employment and higher earnings contribute to better national income in the form of higher tax revenue and higher government spending.
Explanation:
here is your answer if you like my answer please follow
1. what does washington think about the relation between the american people and the american system of government?
2. What does Washington think of sectional interests ("geographical discriminations")? What does he think about political parties ("the spirit of party")?
3. According to Washington, what kind of relationship should the United States have with foreign powers? Why?
4. Based on his address, do you think Washington is a federalist or an anti-federalist? Why?
Answers
1. George Washington believed in the importance of a close and loyal relationship between the American people and the American system of government.
He emphasized the need for active citizenship, unity, and trust to uphold the stability and success of the nation.
2. George Washington warned against the dangers of sectional interests, considering them divisive and harmful to national unity.
He also cautioned against the negative influence of political parties, criticizing the "spirit of party" for promoting division and potentially undermining the functioning of the government.
3. George Washington believed in maintaining a policy of neutrality and avoiding permanent alliances with foreign powers.
He emphasized this approach to safeguard the nation's independence, preserve peace, and prevent entanglement in the conflicts and rivalries of other nations.
4. George Washington can be considered a Federalist based on his farewell address.
He emphasized the importance of a strong central government, supported the Constitution, and advocated for national unity, which aligns with the principles and ideals of the Federalist movement during that time.
Thus, George Washington was a Federalist as per the principles espoused by the Federalists at that time.
Learn more about George Washington here:
https://brainly.com/question/354943
#SPJ12
When a friend posts funny pictures on his social networking account and you write “LOL” in the comments you are using : (select all that apply )
Answers
Answer:
indirect communication and an acronym
Explanation:
I just took the test
Cole is computing variable cost per unit using the high‐low method. The highest level of activity is 725 machine hours at a total cost of $1,900. The lowest level of activity is 225 machine hours at a total cost of $1,000. What is the variable cost per unit?
Answers
Answer:
Variable cost per unit= $1.8
Explanation:
Giving the following information:
The highest level of activity is 725 machine hours at a total cost of $1,900. The lowest level of activity is 225 machine hours at a total cost of $1,000.
To calculate the unitary variable cost, we need to use the highlow method:
Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)
Variable cost per unit= (1,900 - 1,000) / (725 - 225)
Variable cost per unit= $1.8
Select the correct answer.
Kruger Trading Inc. buys goods on credit. In which two accounts will the company post this transaction after entering it into the journal?
Answers
Answer:
с. Purchases and Creditors
Multiple choices
A. Goods and Cash
В.Goods and Creditors
с. Purchases and Creditors
D.Purchases and Cash
Explanation:
The purchase account is used to record purchased goods. Accountants and bookkeepers usually do not operate a goods account. When goods are purchased, they increase the purchases account.
Purchased goods are either paid in cash or on credit. Cash purchases reduce cash held in the business and are recorded in the cash account. Credit purchases increase liabilities and are recorded in the creditor's accounts.
The Colvilles are buying a new car. The cash price is $35,000.00. They will make a down payment of 20% or $5,000. The balance will be covered by an installment loan. The loan will be repaid in 48 monthly payments of $651. The annual percentage rate for the loan is _________%. (Round your answers to two decimal places.)
Answers
Answer:
The Annual Percentage Rate, APR = 1.07%
Explanation:
The annual percentage rate (APR) for a loan is the amount payed annually as interest which is specified as a percentage of the balance of the loan
The given parameters are;
The cash price for the car the Colvilles are buying = $35,000.00
The amount of down payment they will make = 20% or $5,000
The will cover the balance by installment loan
The number of monthly with which the loan will be repaid, n = 48 monthly payment
The amount of the monthly payments, M = $651
The balance which will be taken on loan, P = 35,000.00 - 5,000 = 30,000
The balance which will be taken on loan, P = $30,000
\(APR = \left(\left(\dfrac{\dfrac{Fees + Interest}{Principal} }{n} \right) \times 12\right) \times 100\)
\(APR = \left(\left(\dfrac{\dfrac{ I}{P} }{n} \right) \times 12\right) \times 100\)
Therefore;
The interest paid over life of loan, I = M × n - P
∴ I = 651 × 48 - 30,000 = 1,284
Therefore, we have;
\(APR = \left(\left(\dfrac{\dfrac{ 1,284}{30,000} }{48} \right) \times 12\right) \times 100 = 1.07 \%\)
The Annual Percentage Rate APR = 1.07%
Which of the following can an interviewer legally ask you about at a job interview?
A.
Your marital status
B.
Whether or not you have medical conditions
C.
Whether or not you’ve been convicted of a crime
D.
Your age
Answers
9. Suppose the principal of a public school re-
quired all students to recite a prayer at the start
of each school day. What level of government
(federal, state, or local) would most likely deter-
mine whether or not the principal's action was
constitutional?
Answers
Answer: Federal government
Explanation:
Based on the scenario in the question, the federal government would most likely determine whether or not the principal's action was constitutional.
This is a national issue and shouldn't be left in the hands of the local or state government. It should be noted that in 1962, school sponsored prayer in the public schools was banned by the United States Supreme Court, on the basis that the First Amendment was being violated.
The court later ruled that students can meet and then pray on their respective school grounds so far it's done privately and no one is forced.
Hence, the federal government would most likely determine whether or not the principal's action was constitutional.
Which of the following is NOT necessary in a catering contract?
O insurance clause
O cancellation clause
O refunds and all fees
staffing and costs of staff
Answers
A Catering Contract is a service agreement between a caterer and a customer that outlines the terms of a catering service occurring over a certain time period for one or more occasions.
What should be included in a catering contract?A Catering Contract is a service agreement between a caterer and a customer that outlines the terms of a catering service occurring over a certain time period for one or more occasions. The catering contract should include normal contract terms and conditions, in addition to the menu and service-related topics, such as:
Contract fundamentalsLast day for any modificationsInsuranceRequirements for health and safetyPolicy on CancellationTo learn more about contracts, click
https://brainly.com/question/2669219
#SPJ1
animes-plz!!!!!!!!!!!!!!!!!!!!!!!!!!
Answers
In this type of economy, production is determined by tradition, ritual, or custom.
Answers
Answer:
Traditional economy
Explanation:
A traditional economy is really an initial organization framework under which the products and services produced in an market, as well as the laws and method of the delivery, are influenced by practices, beliefs, and ideologies. Nations that have used the form of economic structure are mostly plantation and agricultural.
The Black Limo Company (BLC) purchased a limo on January 1 of Year 1. The limo cost $48,000. BLC expected to drive the limo for 100,000 miles before disposing of it. The limo had a $8,000 salvage value. Actual miles driven per year turns out to be 30,000 miles in Year 1, 40,000 miles in Year 2, 20,000 miles in Year 3, and 25,000 miles in Year 4. Based on this information, at the end of Year 2, the accumulated depreciation shown the balance sheet was
Answers
The accumulated depreciation shown the balance sheet was $10,00 (asset cost-salvage value) / useful life= depreciation expense.
Depreciation is a phrase used in accounting to describe two different elements of the same idea: first, the real decline in an asset's fair value over time, such as the annual decline in the value of factory equipment.
Depreciation rate for 12 months 2 = (Original Cost-Salvage value)/Total miles*Miles in Second 12 months
= (48000-8000)/100000*40000
Depreciation rate for 12 months 2 = 16000
Depreciation is an accounting technique for spreading out the expense of a tangible item over the course of its useful life. How much of an asset's value has been used is shown through depreciation. It enables businesses to purchase assets over a predetermined length of time and generate income from those assets. The tractor would depreciate by $5,000 annually if the straight-line depreciation technique were used, for a total of $20,000 in accumulated depreciation.
To learn more about depreciation click,
https://brainly.com/question/1203926
#SPJ4
assume that a monopolist sells a product with a total cost function: t c equals 1 comma 200 space plus 0.5 q squared. the market demand curve is given by the equation: q space equals space 300 space minus space p. for what range of output will the firm's revenue be increasing?
Answers
The range of output for which the monopolist's revenue is increasing is 51 to 151 units of the product.
The revenue function for a monopolist is given by:
R = p*q
We can write the market demand curve as:
q = 300 - p
Substituting this into the revenue function, we get:
R = p*(300 - p) = 300p - p^2
The monopolist's total cost function is given by:
TC = 1,200 + 0.5q^2
Substituting the expression for q from the demand curve, we get:
TC = 1,200 + 0.5(300 - p)^2
Simplifying this expression, we get:
TC = 1,200 + 45,000 - 900p + 0.5p^2
TC = 46,200 - 900p + 0.5p^2
The monopolist's profit function is given by:
π = R - TC = (300p - p^2) - (46,200 - 900p + 0.5p^2)
π = -0.5p^2 + 1200p - 46,200
To find the range of output for which the monopolist's revenue is increasing, we need to find the range of output for which the monopolist's marginal revenue is positive.
The monopolist's marginal revenue function is given by:
MR = dR/dq = 300 - 2p
Setting MR equal to zero, we get:
300 - 2p = 0
p = 150
The monopolist's marginal revenue is positive for prices below $150.
The monopolist's marginal cost function is given by:
MC = dTC/dq = pq
Substituting q = 300 - p, we get:
MC = p(300 - p)
Setting MC equal to the price ($p), we get:
p(300 - p) = p
300 - p = 1
p = 299
The monopolist's marginal cost is equal to the price for prices above $299.
Therefore, the range of output for which the monopolist's revenue is increasing is:
299 < p < 150
Substituting the demand curve equation, we get:
51 < q < 151
So the range of output for which the monopolist's revenue is increasing is 51 to 151 units of the product.
To know more about demand curve, here
https://brainly.com/question/25910814
#SPJ4
at work, les tends to keep his customers at a ___________ distance, from about 4 to 12 feet, to convey a more formal, impersonal interaction.
Answers
Les's tendency to keep his customers at a distance of about 4 to 12 feet can be seen as a deliberate strategy to convey a more formal and impersonal interaction.
While this may be appropriate in certain settings, such as in a professional or business context, it may not be suitable for all situations. Customers may perceive this distance as a lack of interest or engagement on Les's part, which can negatively impact their experience and satisfaction.
It is important to remember that customers seek personalized and meaningful interactions with the businesses they interact with. Creating a warm and welcoming environment can go a long way in building a loyal customer base. By taking the time to connect with customers on a personal level, businesses can foster positive relationships and increase customer retention rates.
In conclusion, while maintaining a certain level of formality and professionalism is important, businesses must also strive to create a more personalized experience for their customers. By doing so, they can increase customer satisfaction and loyalty, and ultimately, drive growth and success.
To know more about professionalism visit:
https://brainly.com/question/31783283
#SPJ11
I immediately need help with this please help me someone please solve it for me it’s pretty urgent if u write unnecessary things I’ll report so pleasee
Answers
Hello there ☺️,
Please check the attached image of the answer.
By Benjemin ☺️
vatiman which provides immunity
Answers
Answer:
huh don't really understand this buddy
Answer:
\(vitamin \: c\)
hope that will help you
Liam has purchased a fee-for-service health insurance plan from Leroux Health Insurance. Plan A includes a $248. 00 monthly premium and an annual deductible of $5,500. 00 (not including co-pays). Liam is a fairly healthy young man. He visits his primary care physician three times a year on scheduled visits. He sees a chiropractic specialist every week to help with lower back pain. He has no current prescriptions that need refilling regularly. Assuming Liam maintains his regular visits with his primary care physician and his chiropractor, and avoids any trips to the emergency room or urgent care, how much will Liam pay in health care related fees this year? Leroux Health Insurance Plan A Cost: Monthly Premium: $248. 00 Annual Deductible: $5,500. 00 Co-pays: Brand-name Prescriptions $35. 00 Generic Prescriptions $15. 00 Visits: Primary Care Physician: $40. 00 Specialist: $60. 00 Urgent Care: $125. 00 Emergency Room: $325. 00 a. $716. 00 b. $3,816. 00 c. $5,500. 00 d. $6,216. 0.
Answers
Liam would have to pay $6216 in health care related fees this year. Option D is right
The total expenses that Liam's health would incur are:
Monthly premium at 248 * 12 months in a year
= 2976
52 visits to the specialist at 60 dollars
= 52*60
= $3120
3 Visits to the primary care physician at 40 dollars
= 3*40
= $120
Then Liam's total expenses would be =
$2976 + $120 + $3120
= $6216
Read more on
https://brainly.com/question/2125579?referrer=searchResults
Identity theft and financial fraud
have declined in recent years.
TRUE,
FALSE
Answers
Answer:
false
Explanation:
I hate the us school system and how the pull out bs subjective questions like this, what year is it, what country, time period, stuff like that helps and big schools dont give us it
Answer:
false
Explanation:
hope it helps thank you
Olivia deposits $6,952 in a savings account paying 3.72% interest. to the nearest dollar, how much money does olivia have in total after sixteen years? a. $4,138 b. $8,568 c. $11,090 d. $29,901 please select the best answer from the choices provided a b c d
Answers
After sixteen years Olivia will have (C) $11,090.
Bank interest is a fee paid when paying for services for borrowing money provided by the bank within a certain period of time. Interest is determined by a percentage of the total deposit or loan amount.
Bank interest is divided into credit interest rates and savings interest rates. The loan interest rate is a certain price that the customer must pay to the bank in return for the loan obtained. While the savings interest rate is a certain amount paid by the bank to customers in return for their savings.
Bank interest has its own functions and benefits. For banks, interest is a source of income for banks. For example, when a bank offers assistance in the form of credit that can be borrowed with terms and conditions that apply to customers. The borrowed loan will be returned to the bank in monthly installments plus the interest rate agreed by both parties during the loan agreement. So, interest from credit installments can be a net input for banks.
The calculation is:
A = \({P(1+R)}^T\)
A = 6952 x (1 + 3.72%)^16
A = $11 089.83
A = $11 090
You can learn more about Bank interest here brainly.com/question/15388900
#SPJ4
Effective problem statements in a business report tend to explain Multiple choice question. what other firms are doing about the problem. the specific context of the problem. numerous other difficulties the organization is facing. the best way to resolve the problem.
Answers
The effective problem statement explains the specific context of the problem and the best way to resolve the problem.
The effective problem statement is a section in a business report that spot a problem & addresses the problem and explains clearly why it is important to address such problem.
Therefore, the Option B and D is correct because the effective problem statement explains the specific context of the problem and the best way to resolve the problem.
Learn more about this here
brainly.com/question/4566678
Define the 3 types of pricing strategies and objectives available to global marketers. Identify some of the environmental constraints on global pricing decisions Do research on the railroads or on the airlines as a mode of shipping and write a brief paper on the strengths and weaknesses, the future, and the popularity of these modes.
Answers
Popularity of the modes of shipping depends on several factors such as availability, speed, cost, reliability, and suitability for the type of product being shipped.
Three types of pricing strategies and objectives available to global marketers are:
1. Geocentric Pricing Strategy: Geocentric pricing strategy recognizes that a company's home country and foreign markets are not the same, and that a mixture of both home and host market considerations may result in a global price strategy.
2. Polycentric Pricing Strategy: The polycentric approach allows subsidiaries or affiliates to establish local pricing policies that are consistent with local conditions.
3. Ethnocentric Pricing Strategy: An ethnocentric company relies on the home market for all or the majority of its sales, thus setting a price in the domestic market, and then charging a premium to international customers.
Environmental constraints on global pricing decisions can be external or internal. Tariffs, quota, taxes, distribution channels, exchange rate, inflation, transportation cost, foreign currency risk, local competition, legal restrictions, and pricing regulations are some of the external constraints on global pricing decisions. However, rail transportation takes longer and is less flexible than other modes of transportation. Air transportation is fast, flexible, and can be used to transport goods over long distances. Air transportation is expected to grow due to increasing demand for faster and more reliable transportation.
To learn more about product, visit:
https://brainly.com/question/4523051
#SPJ11
Aaron is a high school graduate working as a retail clerk. He earns a median salary for a high school graduate. Aaron is thinking about going to college to get an associate's degree. If he completes his degree in 2 years and college costs total $30,000, how long will it take aaron to recover his investment, assuming that he earns the median salary and continues to work full time while he is attending school? a. About 2. 5 years b. About 5. 5 years c. About 8. 5 years d. About 11. 5 years please select the best answer from the choices provided a b c d.
Answers
If Aaron works two years, which equals 2*12=24 monts, he will have 24*2672$=64128$.
What do you mean via investment?An funding is an asset or item acquired with the aim of generating profits or appreciation. Appreciation refers to an increase in the cost of an asset over time. When an person purchases a exact as an investment, the intent is not to eat the good however as a substitute to use it in the future to create wealth.
There are four main funding types, or asset classes, that you can pick from, every with awesome characteristics, dangers and benefits.
Learn more about asset here:
https://brainly.com/question/27972503#SPJ4A high accounts receivable turnover ratio indicates.
Answers
A high accounts receivable turnover ratio indicates that a firm is efficient in converting receivables to cash.
What is the receivables turnover ratio?
Receivables turnover ratio is an example of an activity ratio which measures how efficiently a firm carries out its daily activities. Receivables turnover ratio is the ratio of revenue to average reciveables.
Receivables turnover ratio = Revenue / average receivables
The faster it is for a firm to collect its receivables, the more efficient the firm is.
A yield can be paid in the form of?
Answers
Answer:
both a and b
Explanation: