# Fi515 Homework Week1

Satisfactory Essays
943 Words
Grammar
Plagiarism
Writing
Score
Fi515 Homework Week1
|(2-6) Statement of Retained Earnings | | | | |
|In its most recent financial statements, Newhouse Inc. reported \$50 million of net income and \$810 million of retained earnings. The previous retained earnings | |
|were \$780 million. How much in dividends was paid to shareholders during the year? (Brigham 79) | |
| | | | | | |
|Previous retained earnings balance |780,000,000 | | | | |
|Current retained earnings balance |810,000,000 | | | | |
|Current net income |50,000,000 | | | | |
|Common dividends |TBD | | | | |
| | | | | | |
| | | | | | |
|Formula |New Balance retained earning = |Previous Balance |net income – |Dividend paid | |
| |

## You May Also Find These Documents Helpful

• Satisfactory Essays

In its most recent financial statements, Newhouse Inc. reported \$50 million of net income and \$810 million of retained earnings. The previous retained earnings were \$780 million. How much in dividends was paid to shareholders during the year?…

• 498 Words
• 2 Pages
Satisfactory Essays
• Powerful Essays

On January 1, 20A, Virginia Company had \$22,000 of Retained Earnings. During 20A Virginia earned net income of \$40,000 and declared and paid dividends of \$20,000. In addition, the company received cash of \$15,000 as an additional investment by its owners. Therefore, the ending balance in Retained Earnings at December 31, 20A would be A) \$67,000. B) \$42,000. C) \$57,000. D) \$32,000.…

• 554 Words
• 3 Pages
Powerful Essays
• Satisfactory Essays

CORRECT In its most recent financial statements, Del-Castillo Inc. reported \$65 million of net income and \$870 million of retained earnings. The previous retained earnings were \$860 million. How much in dividends did the firm pay to shareholders during the year? Enter your answer in dollars. For example, an answer of \$1.2 million should be entered as 1,200,000. 55,000,000…

• 532 Words
• 3 Pages
Satisfactory Essays
• Good Essays

8. Portman Corporation has retained earnings of \$752,650 at January 1, 2012. Net income during 2012 was \$1,751,960, and cash dividends declared and paid during 2012 totaled \$78,100. Prepare a retained earnings statement for the year ended December 31, 2012. Assume an error was discovered: land costing \$87,490 (net of tax) was charged to repairs expense in 2009.…

• 1095 Words
• 5 Pages
Good Essays
• Satisfactory Essays

Retained Earnings | \$1,062,095.71 | | Net Income | \$493,139.75 | | Total…

• 261 Words
• 2 Pages
Satisfactory Essays
• Satisfactory Essays

in terms of bandwidth and storage. Your company has never traded with the U.S. Government at this…

• 348 Words
• 2 Pages
Satisfactory Essays
• Good Essays

“Retained earnings are the net income retained in the corporation” (Kimmel et al., 2009, p. 13). When a business makes profit it can decide to retain the earnings for business expansion or pay the owners back as dividend. The Retained Earnings statement shows the total Income, less the dividend paid to owners to determine the retained Earnings. The investors look at this statement to see usual dividend payment practice of the business. Some investors like companies paying the owners and some investors do not like these. This is because the dividend paid will bring down the company’s ability to pay the creditors.…

• 749 Words
• 3 Pages
Good Essays
• Powerful Essays

1. A corporation is a legal entity possessed by one or more shareholders. Shareholders for the most part have no liability for the exercises of the corporation (this is called "limited liability"). The corporation is overseen by Directors and Officers (who do confront a certain measure of liability for corporation's movements, and thusly regularly buy protection). Concerning, a corporation may bring about "twofold assessment" on its pay: First the corporation pays charge on its benefits. At that point, when it disperses the benefits to the shareholders (as profits), the shareholders need to pay assesses on the profits. Fundamentally, the same wage gets burdened twice. You can stay away from this by making the corporation a "S corporation", which implies the corporation does not pay any government wage charge itself - rather the shareholders pay assess on their offer of the corporation's benefits. This is accessible just for corporations with few shareholders.…

• 1178 Words
• 5 Pages
Powerful Essays
• Satisfactory Essays

(TCO C) Debt securities sold to investors that must be repaid at a particular date some years in the future are called:…

• 2557 Words
• 11 Pages
Satisfactory Essays
• Good Essays

State the administrative agency which controls the regulation. Explain why this agency and your proposed regulation interests you (briefly). Will this proposed regulation affect you or the business in which you are working? If so, how? Submit a copy of the proposed regulation along with your responses to these five questions. The proposed regulation can be submitted as either a separate Word document (.doc) or Adobe file (.pdf). This means you will submit two attachments to the Week 2 Dropbox: (a) a Word document with the questions and your answers and (b) a copy of the proposed regulation you used for this assignment. (10 points)…

• 752 Words
• 4 Pages
Good Essays
• Good Essays

You have to make sure you have money to pay the loan back, but if you don’t you will go into default. When you go into default this destroys your credit. The default shows up on your credit, which you don’t want to happen. Having negative credit on your credit report could stop you from getting future loans. Some other consequences of borrowing too much and going into debt are: evictions, foreclosures, wage garnishments, emotional breakdowns, ruined credibility and undesirable credit. Debt affects people in different ways and has a major impact on the life of each person. It often determines how they will be able to live their lives.…

• 697 Words
• 3 Pages
Good Essays
• Satisfactory Essays

In this paperwork of FIN 515 Week 4 Midterm you will find the next information:…

• 618 Words
• 4 Pages
Satisfactory Essays
• Powerful Essays

An ethical culture should be a top priority of every business, large or small. The challenge for many organizations is trying to understand what it takes to build one. From an enforceable code of conduct, to ongoing training and communications, to an anonymous reporting hotline, companies can quickly implement ethics and compliance programs and solutions that foster an ethical culture across the enterprise.…

• 1446 Words
• 6 Pages
Powerful Essays
• Satisfactory Essays

There are many advantages to having diversity in a collaborative learning environment including age, religion, physical ability, gender, and sexual orientation. People with other perspectives on things can bring to the table a new way of thinking about things. This can allow a new form of thinking within in the group to come to an understating or agreement to help solve the problem or achieve a goal. It helps other people work together without looking at another person differently because of their background or appearance. I think that it helps bring our culture more together to not be so stereotypical about other people so we can all come to an understanding of one another and keep moving forward in whatever the case may be.…

• 429 Words
• 2 Pages
Satisfactory Essays
• Good Essays

From consolidated income statement, we could calculate the retained earnings as a percentage of income before taxes.…

• 587 Words
• 4 Pages
Good Essays