How is it possible for a company with positive retained earnings to be unable to pay...
How is it possible for a company with positive retained earnings to be unable to pay a cash dividend?
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How is it possible for a company with positive retained earnings
to be unable to pay...
How is net income connected to retained earnings and how does the Statement of Retained Earnings...
How is net income connected to retained earnings and how does the Statement of Retained Earnings help the reader of financial statements understand a company’s past performance? What could you conclude about a company who ended their 3rd year of operations with a Net Loss of $20,000 but that has an ending balance in retained earnings of $50,000? Describe a scenario that could explain how these results are possible
How is net income connected to retained earnings and how does the Statement of Retained Earnings...
How is net income connected to retained earnings and how does the Statement of Retained Earnings help the reader of financial statements understand a company’s past performance? What could you conclude about a company who ended their 3rd year of operations with a Net Loss of $20,000 but that has an ending balance in retained earnings of $50,000? Describe a scenario that could explain how these results are possible. Content, concept application, and writing quality will impact your grade. There...
At the beginning of April, a company has a balance of $12,700 in the Retained Earnings...
At the beginning of April, a company has a balance of $12,700 in the Retained Earnings account. During the month of April, the company had the following external transactions. Required: Using the external transactions below, compute the balance of Retained Earnings at April 30. (Decreases should be entered as a negative.) Balance $ 12,700 Transaction Retained earnings, April 1 1. Issue common stock for cash, $11,000. 2. Provide services to customers on account, $8,200. 3. Provide services to customers in...
13. (Percentage of sales retained earnings) A company reported $250,000 of retained earnings on its balance...
13. (Percentage of sales retained earnings) A company reported $250,000 of retained earnings on its balance sheet last year. In the coming year it expects sales of $800,000. Forecast the end-of-coming-year balance of retained earnings if the company has a: a. Net margin ratio of 12% and a dividend payout ratio of 40% b. Net margin ratio of 8% and a dividend payout ratio of 15% c. Net margin ratio of 5% and a dividend payout ratio of 75%
Colgate-Palmolive Company reports the following balances in its retained earnings. ($ millions) 2013 2012 Retained earnings...
Colgate-Palmolive Company reports the following balances in its retained earnings. ($ millions) 2013 2012 Retained earnings $14,329 $13,157 During 2013, Colgate-Palmolive reported net income of $2,211 million. a. Assume that the only changes affecting retained earnings were net income and dividends. What amount of dividends did Colgate-Palmolive pay to its shareholders in 2013? $Answer million b. This dividend amount constituted what percent of its net income? (Round your answer to one decimal place.) Answer%
Sheridan Company reported retained earnings at December 31,2019, of $ 307,500
Exercise 14 -09Sheridan Company reported retained earnings at December 31,2019, of $ 307,500. Sheridan had 203,500 shares of common stock outstanding at the beginning of 2020 . The following transactions occurred during 2020 .1. A cash dividend of $ 0.60 per share was declared and paid.2. A 5 % stock dividend was declared and distributed when the market price per share was $ 13 per share.3. Net income was $ 289,000.Compute the ending balance in retained earnings at the end...
Show the following details for Spencer Corporation in the t-account for Retained Earnings: At the beginning...
Show the following details for Spencer Corporation in the
t-account for Retained Earnings:
At the beginning of 2018, Spencer had a $50,000 debit balance
in retained earnings
During 2018 the company earned $300,000 of net income and
closed the amount into retained earnings.
The company wants to pay a $2.00 per share dividend on each of
its 25,000 shares of common stock. How will the dividends affect
retained earnings? Show the effects in the
t-account.
Before the company can pay...
2. Show the following details for Spencer Corporation in the t-account for Retained Earnings: At the...
2. Show the following details for Spencer Corporation in the t-account for Retained Earnings: At the beginning of 2018, Spencer had a $50,000 debit balance in retained earnings During 2018 the company earned $300,000 of net income and closed the amount into retained earnings. Retained Earnings The company wants to pay a $2.00 per share dividend on each of its 25,000 shares of common stock. How will the dividends affect retained earnings? Show the effects in the t-account. Before the...
6) Complete the following Retained Earnings Statement for the Sunset Sailboat Company. Information: Beginning Retained Earnings,...
6) Complete the following Retained Earnings Statement for the Sunset Sailboat Company. Information: Beginning Retained Earnings, $27,000; Net Income, $15,000; Common Stock Cash Dividends, $3,000; Prior Period Adjustment, the accountants missed a $2,500 expense from last year; Preferred Stock Cash Dividends, $2,000. Retained Earnings Statement Beginning Retained Earnings, January 1 Prior Period Adjustment Adjusted Retained Earnings Balance, January 1 Net Income (Loss) Less: Common Stock Cash Dividends Less: Preferred Stock Cash Dividends Ending Retained Earnings, December 31
What is the ending balance of retained earnings for Zippy Company? Net Income, $40,000 Beginning retained...
What is the ending balance of retained earnings for Zippy Company? Net Income, $40,000 Beginning retained earnings, $700,000 Dividend payout ratio, 30 %
At the beginning of April, a company has a balance of $12,700 in the Retained Earnings account. During the month of April, the company had the following external transactions. Required: Using the external transactions below, compute the balance of Retained Earnings at April 30. (Decreases should be entered as a negative.) Balance $ 12,700 Transaction Retained earnings, April 1 1. Issue common stock for cash, $11,000. 2. Provide services to customers on account, $8,200. 3. Provide services to customers in...
13. (Percentage of sales retained earnings) A company reported $250,000 of retained earnings on its balance sheet last year. In the coming year it expects sales of $800,000. Forecast the end-of-coming-year balance of retained earnings if the company has a: a. Net margin ratio of 12% and a dividend payout ratio of 40% b. Net margin ratio of 8% and a dividend payout ratio of 15% c. Net margin ratio of 5% and a dividend payout ratio of 75%
Show the following details for Spencer Corporation in the
t-account for Retained Earnings:
At the beginning of 2018, Spencer had a $50,000 debit balance
in retained earnings
During 2018 the company earned $300,000 of net income and
closed the amount into retained earnings.
The company wants to pay a $2.00 per share dividend on each of
its 25,000 shares of common stock. How will the dividends affect
retained earnings? Show the effects in the
t-account.
Before the company can pay...
2. Show the following details for Spencer Corporation in the t-account for Retained Earnings: At the beginning of 2018, Spencer had a $50,000 debit balance in retained earnings During 2018 the company earned $300,000 of net income and closed the amount into retained earnings. Retained Earnings The company wants to pay a $2.00 per share dividend on each of its 25,000 shares of common stock. How will the dividends affect retained earnings? Show the effects in the t-account. Before the...
6) Complete the following Retained Earnings Statement for the Sunset Sailboat Company. Information: Beginning Retained Earnings, $27,000; Net Income, $15,000; Common Stock Cash Dividends, $3,000; Prior Period Adjustment, the accountants missed a $2,500 expense from last year; Preferred Stock Cash Dividends, $2,000. Retained Earnings Statement Beginning Retained Earnings, January 1 Prior Period Adjustment Adjusted Retained Earnings Balance, January 1 Net Income (Loss) Less: Common Stock Cash Dividends Less: Preferred Stock Cash Dividends Ending Retained Earnings, December 31
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