During the most recent quarter XYZ Corp had $1.6 million in revenues and 970, 800 in expenses. The company also paid $291,240 in dividends to shareholders.  what is the net income for the quarter?

Q: In its recent income statement, Smith Software Inc. reported $28 million of net income, and in its…

A: Net income refers to the portion of revenue left after deducting all the expenses from the revenue.…

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

A:

Q: . Great Products, Inc. reported the following on the company’s income statement in two recent years:…

A: Time Interest Earned Ratio: When a company's current revenue exceeds its debt commitments, the time…

Q: The most recent financial statements for Cardinal, Inc., are shown here:     Income Statement…

A: External financing need (EFN) is the financial requirement of a company which is directly…

Q: The balance of retained earnings of Dragon Corporation at the beginning of the year was P650,000.…

A: The retained earnings are the net income of the business to be available for shareholders.

Q: Rosalind Company reported revenues of $111,500, expenses of $92,545, and net income of $18,955 for…

A: Return on assets = Net income / Average Total assets where, Average Total assets = (Beginning Total…

Q: At the beginning of the current fiscal year, the balance sheet for Davis Co. showed liabilities of…

A: As per the Balance Sheet Equation, Liabilities + Owner's Equity= Assets Assets Increased by $130000…

Q: Henderson Company had beginning-of-the-year total assets of $360,000 and total liabilities of…

A: Part -1.The accounting equation works for the question is as under:Total assets = Total liabilities…

Q: At the beginning of the quarter, Gray Company had total assets of 456,972 and total liabilities of…

A: Owners' Equity / Stockholders' equity: Stockholders' equity means the net assets available to…

Q: Wexler, Inc.’s income statement showed total expenses for the year to be $50,000. If the com-pany’s…

A: Net income: It refers to the excess of a company's sales revenue over its operating expenses and…

Q: Tibbs Inc. had the following data for the most recent year: Net income = $300; Net operating profit…

A: Return on Invested capital is the return or net income after taxes earned on the invested capital…

Q: The 2008 balance sheet of Maria's Tennis Shop, Inc., showed $870,000 in the common stock account and…

A: The net cash flow of a company is the difference between cash inflows and cash outflows. Calculate…

Q: LMM Company’s total assets at the end of last year were P405,000 and its earnings before interest…

A: Total assets = P405,000 EBIT = P52,500

Q: K Grocers’ 2016 financial statements show total operating assets of $45,004 million, total operating…

A: Net operating Assets formulae is given below Net operating Assets= Operating assets- Operating…

Q: Čardinal Industries had the following operating results for 2018: Sales = $34,621; Cost of goods…

A: a) Calculate the net income as shown below: Resultant table Hence, the net income is $1,132.50.

Q: n its most recent financial statements, Del-Castillo Inc. reported $65 million of net income and…

A: Here, we need to find the amount of dividend paid to shareholders.  The formula to calculate the…

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: Red Road Company, a consulting company, reported total revenues of $100 million, total expenses of…

A:

Q: How much Net Income did the company earn during the year?

A: Ownership of an organization can be broken down into small parts or units also known as Shares.…

Q: Goldfinger Corporation had account balances at the end of the current year as follows: sales…

A: Goldfinger's Income Statement Particulars Amounts Sales Revenue $29,000.00 Less: Cost of goods…

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: Mars Corporation has provided the following data for Year 2:       Sales $ 1,330,000   Gross…

A: Calculation of average stockholder's equity: Year 2 = $ 1095000 Year 1 = 1060000 = ( 1095000 +…

Q: At the end of last year, ArtisanCo's assets totaled $877,000 and its liabilities totaled $748,500.…

A: Ending total assets = Beginning total assets + increase in total assets = $877,000 + $59,700 =…

Q: On January 1, Bonita Corporation's Total Assets were $1,350,000, and Total Liabilities were…

A: Calculate dividends paid during the year.

Q: in the firm's most recent financial statements, newhouse, inc. reported 57 mil usd of ni and 808 mil…

A: Let's say, RE represents retained earning, NI represents net income and D represents dividends…

Q: Goldfinger Corporation had account balances at the end of the currentyear as follows: sales revenue,…

A: The income statement shows the income earned during the year by the company.

Q: In its most recent financial statements, Del-Castillo Inc. reported $35 million of net income and…

A: Dividend: It is the  distribution of profits  to its investors once  profit is earned by a…

Q: At year-end 2016, total assets for Arrington Inc. were $2 million and accounts payable were…

A: AFN = Additional Fund Needed

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: River Corp's total assets at the end of last year were $405,000 and its net income was $32,750. What…

A: The return on total assets is calculated as ratio of net income and total assets

Q: Last year, McGinley Company had total equity of $600,000, a return on assets of 10%, and a return on…

A: Return on equity=Net IncomeShareholder's equity0.15=NI6,00,000Net Income=$90,000

Q: In its most recent financial statements, Del-Castillo Inc. reported $60 million of net income and…

A: The companies that are financed with equity do not pay all their earnings to shareholders as…

Q: How much in dividends were paid to shareholders during the year? Assume that In its most recent…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Powell Company began the Year 2 accounting period with $19,000 cash, $60,700 inventory, $48,400…

A: Journal Entries                           Sr.No. Particulars     Debit   Credit…

Q: Oregon Office Supply had 24,000,000 in sales last year. The company’s net income was 400,000, its…

A: SALE 24,000,000 NET INCOME 400,000 TOTAL ASSETS TURNOVER  6.0 ROE 15% DEBT RATIO   ?

Q: Carlton Company had assets of $280,000 and liabilities of $120,000 at the beginning of the year and…

A: In the above question we have asked to calculate net income earned by company during the year which…

Q: The most recent financial statements for Mixton, Incorporated, are shown here: Income Statement…

A: Net Income: It is the sum of revenue that is left in the business after paying off all the costs of…

Q: maynard enterprise paid $1,720 in dividends and $1,655 in interest over the past year. the common…

A: Dividend per share refers to the amount of the net income which is paid to the equity shareholders.…

Q: The 2008 balance sheet of a company showed long-term debt of $4.6 million, $1,740,000 in the common…

A: Cash flow to creditors refers to the amount which is paid to debt holders.  Cash flow to…

Q: The balance sheets of HR, Inc. reports total stockholders' equity of $550,000 and $750,000 at the…

A: Return on Equity = Net incomeTotal stockholders' equity

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