Homework Answers
1) Increase in retained earnings is the difference between the net income and dividends. Or we can say that Increase in retained earnings can only happen when the net income is greater than the dividends
Therefore, Increase in retained earnings= Net income-Dividends
Dividends= Net income-Increase in retained earnings
= $3.3-1.4= $1.9 billion
| Dividends | $1.9 | billion |
2) Increase in retained earnings= Net income-Dividends
$1.6= Net income-0.8
Net income= $1.6+0.8= $2.4
| Net income | $2.4 | billion |
3) Increase in retained earnings= Net income-Dividends
$1.42= $1.42-Dividends
Dividends= $1.42-1.42= $0
| Dividends | $0 | billion |
4) Ending retained earnings= Beginning retained earnings-Net loss-Dividends
Ending retained earnings= -$1.96-0.82-0
Ending retained earnings= -$2.78 billion
| Ending retained earnings | -$2.78 | billion |
5) Ending retained earnings= Beginning retained earnings+Net income-Dividends
$1.72= Beginning retained earnings+0.25-0.05
Beginning retained earnings= $1.72-0.25+0.05= $1.52 billion
| Beginning retained earnings | $1.52 | billion |
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Below are approximate amounts related to retained earnings reported by five companies in previous years. 1....
Below are approximate amounts related to retained earnings reported by five companies in previous years. 1....
Below are approximate amounts related to retained earnings reported by five companies in previous years. 1. Coca-Cola reports an increase in retained earnings of $3.1 billion and net income of $6.7 billion. 2. Pepsico reports an increase in retained earnings of $3.3 billion and dividends of $2.5 billion. 3. Google reports an increase in retained earnings of $1.59 billion and net income of $1.59 billion. 4. Sirius Satellite Radio reports beginning retained earnings of -$1.62 billion, net loss of $0.99...
Below are approximate amounts related to retained earnings reported by five companies in previous years. 1....
Below are approximate amounts related to retained earnings reported by five companies in previous years. 1. Coca-Cola reports an increase in retained earnings of $2.5 billion and net income of $5.5 billion 2. PepsiCo reports an increase in retained earnings of $27 billion and dividends of $1.9 billion. 3. Alphabet reports an increase in retained earnings of $1.53 billion and net income of $1.53 billion. 4. Sirius XM Satellite Radio reports beginning retained earnings of - $174 billion, net loss...
Below are approximate amounts related to retained earnings reported by five companies in previous years. 1....
Below are approximate amounts related to retained earnings reported by five companies in previous years. 1. Coca-Cola reports an increase in retained earnings of $2.6 billion and net income of $5.7 billion. 2. PepsiCo reports an increase in retained earnings of $2.8 billion and dividends of $2.0 billion. 3. Alphabet reports an increase in retained earnings of $1.54 billion and net income of $1.54 billion. 4. SiriusXM Satellite Radio reports beginning retained earnings of -$172 billion, net loss of $0.94...
Please see the question attached below: Below are approximate amounts related to retained earnings reported by...
Please see the question attached below:
Below are approximate amounts related to retained earnings reported by five companies in previous years. 1. Coca-Cola reports an increase in retained earnings of $1.2 billion and net income of $2.9 billion. 2. PepsiCo reports an increase in retained earnings of $1.4 billion and dividends of $0.6 billion. 3. Alphabet reports an increase in retained earnings of $1.40 billion and net income of $1.40 billion. 4. Sirius XM Satellite Radio reports beginning retained earnings...
Please find the answer for #4, along with formula Below are approximate amounts related to retained...
Please find the answer for #4, along with formula
Below are approximate amounts related to retained earnings reported by five companies in previous years 1. Coca-Cola reports an increase in retained earnings of $3.2 billion and net income of $6.9 billion. 2. PepsiCo reports an increase in retained earnings of $3.4 billion and dividends of $2.6 billion. 3. Alphabet reports an increase in retained earnings of $1.6 billion and net income of $1.6 billion. 4. Sirius XM Satellite Radio reports...
Required: Below are approximate amounts related to retained earnings reported by five companies in previous years....
Required: Below are approximate amounts related to retained earnings reported by five companies in previous years. 1. A company reports an increase in retained earnings of $1.3 billion and net income of $3.1 billion. What is the amount of dividends? 2. A company reports an increase in retained earnings of $1.5 billion and dividends of $0.7 billion. What is the amount of net income? 3. A company reports an increase in retained earnings of $1.41 billion and net income of...
Below are approximate amounts related to balance sheet information reported by five companies in previous years....
Below are approximate amounts related to balance sheet information reported by five companies in previous years. 1. ExxonMobil reports total assets of $204 billion and total liabilities of $95 billion 2. Citigroup reports total liabilities of $1,380 billion and stockholders' equity of $98 billion. 3. Amazon.com reports total assets of $3.5 billion and total stockholders' equity of $0.18 billion. 4. Nike reports an increase in assets of $1.08 billion and an increase in liabilities of $0.4 billion. 5. Kellogg reports...
Below are approximate amounts related to cash flow information reported by five companies in previous years....
Below are approximate amounts related to cash flow information reported by five companies in previous years. 1. Kraft Foods reports operating cash flows of $3.50 billion, investing cash flows of $0.50 billion, and financing cash flows of -$4.00 billion. 2. Sara Lee reports operating cash flows of $1.30 billion, investing cash flows of -$0.20 billion, and financing cash flows of -$1.20 billion. The beginning cash amount is $0.60 billion. 3. Performance Food Group reports operating cash flows of $0.08 billion,...
Below are approximate amounts related to cash flow information reported by five companies in previous years....
Below are approximate amounts related to cash flow information reported by five companies in previous years. 1. Kraft Foods reports operating cash flows of $3.54 billion, investing cash flows of $0.54 billion, and financing cash flows of -$4.08 billion 2. Sara Lee reports operating cash flows of $1.34 billion, investing cash flows of - $0.24 billion, and financing cash flows of -$1.28 billion. The beginning cash amount is $0.64 billion 3. Performance Food Group reports operating cash flows of $0.07...
Below are approximate amounts related to balance sheet information reported by five companies in previous years....
Below are approximate amounts related to balance sheet information reported by five companies in previous years. 1. ExxonMobil reports total assets of $214 billion and total liabilities of $100 billion. 2. Citigroup reports total liabilities of $1,430 billion and stockholders' equity of $103 billion, 3. Amazon.com reports total assets of $4.0 billion and total stockholders' equity of $0.23 billion. 4. Nike reports an increase in assets of $1.13 billion and an increase in liabilities of $0.4 billion. 5. Kellogg reports...
Below are approximate amounts related to retained earnings reported by five companies in previous years. 1. Coca-Cola reports an increase in retained earnings of $3.1 billion and net income of $6.7 billion. 2. Pepsico reports an increase in retained earnings of $3.3 billion and dividends of $2.5 billion. 3. Google reports an increase in retained earnings of $1.59 billion and net income of $1.59 billion. 4. Sirius Satellite Radio reports beginning retained earnings of -$1.62 billion, net loss of $0.99...
Below are approximate amounts related to retained earnings reported by five companies in previous years. 1. Coca-Cola reports an increase in retained earnings of $2.5 billion and net income of $5.5 billion 2. PepsiCo reports an increase in retained earnings of $27 billion and dividends of $1.9 billion. 3. Alphabet reports an increase in retained earnings of $1.53 billion and net income of $1.53 billion. 4. Sirius XM Satellite Radio reports beginning retained earnings of - $174 billion, net loss...
Below are approximate amounts related to retained earnings reported by five companies in previous years. 1. Coca-Cola reports an increase in retained earnings of $2.6 billion and net income of $5.7 billion. 2. PepsiCo reports an increase in retained earnings of $2.8 billion and dividends of $2.0 billion. 3. Alphabet reports an increase in retained earnings of $1.54 billion and net income of $1.54 billion. 4. SiriusXM Satellite Radio reports beginning retained earnings of -$172 billion, net loss of $0.94...
Please see the question attached below:
Below are approximate amounts related to retained earnings reported by five companies in previous years. 1. Coca-Cola reports an increase in retained earnings of $1.2 billion and net income of $2.9 billion. 2. PepsiCo reports an increase in retained earnings of $1.4 billion and dividends of $0.6 billion. 3. Alphabet reports an increase in retained earnings of $1.40 billion and net income of $1.40 billion. 4. Sirius XM Satellite Radio reports beginning retained earnings...
Please find the answer for #4, along with formula
Below are approximate amounts related to retained earnings reported by five companies in previous years 1. Coca-Cola reports an increase in retained earnings of $3.2 billion and net income of $6.9 billion. 2. PepsiCo reports an increase in retained earnings of $3.4 billion and dividends of $2.6 billion. 3. Alphabet reports an increase in retained earnings of $1.6 billion and net income of $1.6 billion. 4. Sirius XM Satellite Radio reports...
Required: Below are approximate amounts related to retained earnings reported by five companies in previous years. 1. A company reports an increase in retained earnings of $1.3 billion and net income of $3.1 billion. What is the amount of dividends? 2. A company reports an increase in retained earnings of $1.5 billion and dividends of $0.7 billion. What is the amount of net income? 3. A company reports an increase in retained earnings of $1.41 billion and net income of...
Below are approximate amounts related to balance sheet information reported by five companies in previous years. 1. ExxonMobil reports total assets of $204 billion and total liabilities of $95 billion 2. Citigroup reports total liabilities of $1,380 billion and stockholders' equity of $98 billion. 3. Amazon.com reports total assets of $3.5 billion and total stockholders' equity of $0.18 billion. 4. Nike reports an increase in assets of $1.08 billion and an increase in liabilities of $0.4 billion. 5. Kellogg reports...
Below are approximate amounts related to cash flow information reported by five companies in previous years. 1. Kraft Foods reports operating cash flows of $3.50 billion, investing cash flows of $0.50 billion, and financing cash flows of -$4.00 billion. 2. Sara Lee reports operating cash flows of $1.30 billion, investing cash flows of -$0.20 billion, and financing cash flows of -$1.20 billion. The beginning cash amount is $0.60 billion. 3. Performance Food Group reports operating cash flows of $0.08 billion,...
Below are approximate amounts related to cash flow information reported by five companies in previous years. 1. Kraft Foods reports operating cash flows of $3.54 billion, investing cash flows of $0.54 billion, and financing cash flows of -$4.08 billion 2. Sara Lee reports operating cash flows of $1.34 billion, investing cash flows of - $0.24 billion, and financing cash flows of -$1.28 billion. The beginning cash amount is $0.64 billion 3. Performance Food Group reports operating cash flows of $0.07...
Below are approximate amounts related to balance sheet information reported by five companies in previous years. 1. ExxonMobil reports total assets of $214 billion and total liabilities of $100 billion. 2. Citigroup reports total liabilities of $1,430 billion and stockholders' equity of $103 billion, 3. Amazon.com reports total assets of $4.0 billion and total stockholders' equity of $0.23 billion. 4. Nike reports an increase in assets of $1.13 billion and an increase in liabilities of $0.4 billion. 5. Kellogg reports...
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