Business College

Determining Cash Payments to Stockholders The board of directors declared cash dividends totaling $209,800 during the current year. The comparative balance sheet indicates dividends payable of $50,400 at the beginning of the year and $45,400 at the end of the year. What was the amount of cash payments to stockholders during the year?

Answers

Answer 1

Answer:

  $214,800

Explanation:

The amount paid is the sum of the amount declared and the difference in amounts payable.

  dividends paid = $209,800 +50,400 -45,400

  dividends paid = $214,800

Related Questions

Find online the annual​ 10-K report for Costco Wholesale Corporation​ (COST) for fiscal year 2015 ​(filed in October 2015​). Answer the following questions from the income​ statement:
1. What were Costco's revenues for fiscal year 2015?
2. By what percentage did revenues grow from the prior year?
3. What was Costco's operating income for the fiscal year?
4. What was Costco's average tax rate for the year?
5. What were Costco's diluted earnings per share in fiscal year 2015?
6. What number of shares is this EPS based on?
7. What were Costco's revenues for fiscal year 2015?
Costco's revenues for fiscal year 2015 was_______ million. (Round to the nearest million.)
8. By what percentage did revenues grow from the prior year?
The percentage the revenues grew from the prior year is______ %. (Round to two decimal places.)
9. What was Costco's operating income for the fiscal year?
Costco's operating income for 2015 was________ million. (Round to the nearest million.)
10. What was Costco's average tax rate for the year?

Answers

Answer:

Costco's fiscal year ends in August, not October.

1. What were Costco's revenues for fiscal year 2015?

$113,666 million

2. By what percentage did revenues grow from the prior year?

(2015 revenue - 2014 revenue) / 2014 revenue = ($133,666 - $110,212) / $110,212 = 21.28%

3. What was Costco's operating income for the fiscal year?

$3,624 million

4. What was Costco's average tax rate for the year?

total income taxes / income before income taxes = $1,195  / $3,604 = 33.16%

5. What were Costco's diluted earnings per share in fiscal year 2015?

$5.37

6. What number of shares is this EPS based on?

442,716  shares

7. What were Costco's revenues for fiscal year 2015?

Costco's revenues for fiscal year 2015 was $113,666 million. (Round to the nearest million.)

8. By what percentage did revenues grow from the prior year?

The percentage the revenues grew from the prior year is 21.28%. (Round to two decimal places.)

9. What was Costco's operating income for the fiscal year?

Costco's operating income for 2015 was $3,624 million. (Round to the nearest million.)

10. What was Costco's average tax rate for the year? 33.16%

Explanation:

On the SEC's website you can find information about all publicly traded corporations, including financial statements and other relevant information.

Answer:

I need 1 Brainliest before I can become expert

Explanation:

Kuzma​ Foods, Inc. has budgeted sales for June and July at $ 680 comma 000 and $ 765 comma 000​, respectively. Sales are 85​% ​credit, of which 70​% is collected in the month of sale and 30​% is collected in the following month. What is the budgeted Accounts Receivable balance on July​ 31?

Answers

Answer:

$195,075

Explanation:

The computation of the budgeted account receivable balance as on July 31 is shown below:

= July budgeted sales × credit sales percentage × following month percentage

= $765,000 × 85% × 30%

= $195,075

We simply multiplied the July budgeted sales with the credit sales percentage and the following month percentage so that the budgeted account receivable balance could come

Brief Exercise 3-5 On July 1, 2017, Major Co. pays $27,600 to Cruz Insurance Co. for a 3-year insurance contract. Both companies have fiscal years ending December 31. For Major Co., journalize and post the entry on July 1 and the annual adjusting entry on December 31. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)

Answers

Answer: Please see below

Explanation:

Journal to record the Adjusting entry for Major Co payment  to Cruz Insurance

Date      Account                                Debit                      Credit

July 1    Prepaid insurance            $27, 600

                    Cash                                                             $27,600

Date                    Account                    Debit                      Credit

Dec 31      Insurance expense           $4,600

                  Prepaid insurance                                            $4,600

Working : July - december= 6months, insurance contract= 3 years(3x12months =36months )

Insurance expense = $27,600 x  

(6/36)= $4,600

Listening skills are important for career success and organizational effectiveness. Considered one of the soft skills, listening skills allow you to improve the effectiveness of your communication with supervisors, colleagues, and customers. To become a more powerful listener, you can employ a variety of techniques. For example, if you're having trouble focusing on a message, you could_______________

Answers

Answer:

Identify the key facts in the message.

Explanation:

Listening skills are important for career success and organizational effectiveness. Considered one of the soft skills, listening skills allow you to improve the effectiveness of your communication with supervisors, colleagues, and customers. To become a more powerful listener, you can employ a variety of techniques.

For example, if you're having trouble focusing on a message, you could identify the key facts contained in that message.

Identifying the key facts implies, you will objectively pick the truths contained therein, as well as high and salient points of the message.

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