3. JFINEX Corporation has a retained earnings of 2,100,000. The company reported an EBIT of 540,000 and net income of 300,000. The company declared a total dividend of 30,000. What is the dividend payout ratio?

Q: In its most recent financial statement, Robredo , Inc. reported  P50,000,000 of net income and…

A: Dividends refer to the distribution of any portion of the profits or any surplus of the company…

Q: Barbadian Limited had a ten fold increase in net income. As a result, they reported ending retained…

A:

Q: Guo Company has owners equity of $354,300 and a net income of $114,720. It has a payout ratio of…

A: Given Data: Owner's Equity=$354,300 Net Income=$114,720. Payout Ratio = 23% Return on Assets = 15%

Q: For the past four years, ABC reported the following annual net income and dividend amounts: Year…

A: Retained Earnings: When a company's direct and indirect expenses, income taxes, and dividends to…

Q: a company had a beginning balance in retained earning of 43,400. it had net income of 6,400 and…

A: Ending balance in retained earnings = Beginning balance in retained earning + net income - Dividend…

Q: At the beginning of the current year, Soron Corporation had 200,000 shares of $1 par common stock…

A: Retained earnings are the amount which was retained by the company after all of its expenses…

Q: Pinaasa Company had total assets of P4,000,000 and shareholder’s equity of P2,080,000 at the…

A: Opening equity = P2,080,000 Change in assets = P520,000 Change in liabilities= P-820,000

Q: ow much did Roberts Company have in dividends for the year? Assets, January 1 $ 45,000…

A: Soluiton: Stockholders' Equity, January 1 = Assets - liabilities = 45000 - 27000 = 18000…

Q: The following information was drawn from the Year 5 balance sheets of two companies:  Company…

A: Return on equity ratio:  Rate of return on equity ratio is used to determine the relationship…

Q: Company Zeta had retained earnings balance of $4 million in the previous year. In the current year,…

A: Retained earnings are the portion of income which is held by the company for the future operating…

Q: If JoBlo Inc., has a retained earnings opening balance of $50,000 at the beginning of the year, and…

A: Formula: Ending retained earnings balance = Beginning retained earnings balance + Net income -…

Q: Ridge Crest Co. has beginning Retained Earnings of $35,000, ending Retained Earnings of $39,500, and…

A: Dividend  will be declared out of profits  or previous  year reserves.

Q: Guo Company has owners equity of $360,800 and net income of $100,112. It has a payout ratio of 29%…

A: Given the following information: Owner's equity: $360,800 Net Income: $100,112 Payout ratio: 29%…

Q: Farhan's Fences has retained earnings of $2.5 million, after paying dividends of $1.5 million. What…

A: Payout ratio is the ratio of total dividend by the total earnings of the firm.   Payout ratio =…

Q: Makers Corp. had additions to retained earnings for the year just ended of $415,000. The firm paid…

A: The question has 6 sub-parts to be answered. As per guidelines, we must answer first two sub-parts…

Q: Ullrich Printing Inc. paid out $20,850 of common dividends during the year. It ended the year with…

A: Net income = Dividend Paid + Increase in retain earnings

Q: 6. JFINEX Corporation has a retained earnings of 2,000,000. The company reported an EBIT of 550,000…

A:

Q: Net income for the period totaled OMR75,000, preferred dividends paid totaled OMR10,000, and common…

A: It is pertinent to note that preferred dividends are paid in prior to dividends to be paid to common…

Q: Given the information below for ATH Corp., what was the amount of Dividends declared during the…

A: Ending Retained Earnings = Beginning Retained Earnings + Net Income - Dividend Declared

Q: Required: Complete the following calculations for each individual company: a. If ColourMePink Ltd.…

A: Retained earnings: Retained earnings are the amount kept aside that is not distributed but are to be…

Q: Caring Company reported the following increases in account balances during the current year: Assets:…

A: Assets = Liabilities + shareholders equity Shareholders equity = Share capital+ Share premium +…

Q: The income statement for Delta-tec Inc. for the year ended December 31, Year 2, was as follows:…

A: Trading securities: These are short-term investments in debt and equity securities with an intention…

Q: If the beginning balance of retained earnings is $180,000, revenue is $85,000,expenses total…

A: Net income = Revenues - expenses.

Q: A company had a beginning balance in retained earnings of $430,000. It had net income of $60,000 and…

A: Retained Earnings is the revenue that is not distributed up as dividends but is instead reinvested…

Q: Stosch Company's balance sheet reported assets of $132,000, liabilities of $33,000 and common stock…

A: Formula: Ending Retained earnings balance = Beginning retained balance + Net Income - dividends…

Q: Inc. has a net income of P1 million in the third quarter. The company announces dividends of…

A: The earning per share is calculated as net income available  for equity shareholders divided by…

Q: A company has net income of $34.10 million. Stockholders' equity at the beginning of the year is…

A: The following formula is used to calculate the return on equity ratio: Return on Equity Ratio= Net…

Q: In its most recent financial statements, Del-Castillo Inc. reported $70 millionof net income and…

A: net income  = $70 million retained earnings = $900 million   previous year retained earnings =…

Q: Mazaya Company provided the following financial information as of March 31, 2011. Revenue RO140,000,…

A: Owner’s equity refers to the right the owner posses over the resources of the business. Revenues and…

Q: For the year , movers United has net income of $31,800 , net new equity of $7,500 , and an…

A: The amount of dividend paid can be calculated from the retained earnings added.

Q: A company had dividends payable of $35,000 at 31 December 20X1 and dividends payable of $45,000 at…

A: In case dividend is declared, the company debits Retained Earnings and credits dividend payable…

Q: The net income of​ Hendley, Inc. for the year is $35,000. The dividends declared during the year…

A: Increase (decrease) in Retained Earnings = Net income for the year - Dividends declared during the…

Q: VALUATION METHOD

A: Hi! Thank you for the question, As per the honor code, we are allowed to answer one question at a…

Q: During the year, ChemClean Corporation has $280,000 in revenues, $130,000 in expenses,and $10,000 in…

A: Definition: Net income: The bottom line of an income statement which is the result of excess…

Q: Bolton Corporation had additions to retained earnings for the year just ended of $230,000. The firm…

A: The relation between the closing market price of a share and its book value is known as the…

Q: For the year, the Bridgewater Co. has net income of $27,400, net new equity of $12,000, and an…

A: Dividend is paid out of net income and income remaining after the dividend is added to retained…

Q: If the beginning balance of retained earnings is $180,000, revenue is $85,000, expenses total…

A: Formula: Ending balance of retained earnings = Beginning balance of retained earnings + Net income -…

Q: In its most recent financial statements, Nessler Inc. reported $75 million of net income and $825…

A: Given: Beginning retained earnings $784 million Net income $75 million Ending retained earnings $825…

Q: A company had a beginning balance in retained earnings of $430,000. It had net income of $65,000 and…

A: The retained earnings are the amount of net income left after paying the dividends to the…

Q: Electronic world inc paid out $24 million in total common dividends and reported $255.6 million of…

A: Net Income of a company is derived after deducting all the cost or expenses of the company along…

Q: A company had a beginning balance in retained earnings of $428,000. It had net income of $64,000 and…

A: Retained earnings is a part of owner's equity which shows profits earned which are retained by the…

Q: Caring Company reported the following increases in account balances during the current year: Assets:…

A: Balance Sheet:  Balance Sheet represents a picture of the company's assets, debts, and ownership on…

Q: During 2014, Nonut Bakery paid out RM33,525 of common dividends. It ended the year with RM197,500 of…

A: Retained earnings and net income are related but distinct. There may be times when your business has…

Q: TeleLink reports retained earnings at the end of the current year of $32,598 million and retained…

A: Given ÷ Retained earnings at the end of the current year = $32,598 million Retained earnings at the…

Q: A company’s balance of retained earnings on January 1 was $35 million. During the year,sales revenue…

A: Net Income = Sales revenue - Expenses = $82 million - $50 million = $32 million

Q: Electronics World Inc. paid out $22.4 million intotal common dividends and reported $144.7 million…

A: The net profit of the company is the amount of profit after charging all the expenses a company has…

Q: In its Year 6 annual report, Sally Inc. reported net earnings of $4,242 million and dividends paid…

A: Forecast dividends on the basis of last year dividend to sales ratio

Q: ABC Companys Capital at the beginning is OMR 80,000; retained earnings is OMR 4,000; Net profit is…

A: Total owners equity = Beginning capital + retained earnings + net profit - dividend - drawings