Question

In its most recent financial statements, Nessler Inc. reported $80 million of net income and $1,440 million of retained earnings. The previous retained earnings were $1,382 million. How much in dividends were paid to shareholders during the year? Assume that all dividends declared were actually paid. Write out your answer completely. For example, 25 million should be entered as 25,000,000. Round your answer to the nearest dollar, if necessary.

Expert Solution

Want to see the full answer?

Check out a sample Q&A here
Blurred answer
Students who’ve seen this question also like:
Corporate Fin Focused Approach
Corporate Fin Focused Approach
5th Edition
ISBN: 9781285660516
Author: EHRHARDT
Publisher: Cengage
Not helpful? See similar books
Corporate Fin Focused Approach
Corporate Fin Focused Approach
Financial Statements, Cash Flow, And Taxes. 6P
marketing sidebar icon
Want to see this answer and more?
Experts are waiting 24/7 to provide step-by-step solutions in as fast as 30 minutes!*
*Response times may vary by subject and question complexity. Median response time is 34 minutes for paid subscribers and may be longer for promotional offers.

Related Finance Q&A

Find answers to questions asked by students like you.

Q: In its most recent financial statements, Nessler Inc. reported $35 million of net income and $420…

A: The term retained earnings refer to the amount of net income that is distributed among the…

Q: In its most recent financial statements, Nessler Inc. reported $55 million of net income and $605…

A: Given data; Net income = $ 55 million Retained earnings = $ 605 million previous retained earnings =…

Q: In its most recent financial statements, Nessler Inc. reported $60 million of net income and $660…

A: Equity capital is the funds invested by the owners of the company. The equity holders of the owners…

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

A: Net income = $75 million Retained earnings Ending = $825 Retained earnings Beginning =$784

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: 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: In its recent income statement, Smith Software Inc. reported $11 million of net income, and in its…

A: Retained earning means from the total profits and available…

Q: For the most recent year, Camargo, Inc., had sales of $534,000, cost of goods sold of $241,680,…

A: Click to see the answer

Q: Electronics World Inc. paid out $24 million in total common dividends and reported $255.6 million of…

A: Net income is the accounting profit which is left over by deducting all the direct and indirect…

Q: Electronics World Inc. paid out $24 million in total common dividends and reported $255.6 million of…

A: Net income is the income that is available for distribution of dividends and retained earnings. It…

Q: Electronics World Inc. paid out $41.5 million in total common dividends and reported $278.4 million…

A: Retained earnings means accumulated earnings of the business, which the business has earned over a…

Q: Jamaica Tours, Inc. started the year with a balance of retained earnings of $1,810 million. The…

A: Calculate the End of Year Balance in Retained Earnings:The end of Year Balance in Retained Earnings…

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: In its most recent financial statements, ABC reported 28,000 of net income and 361,000 of retained…

A: Given: Net income $28,000 Ending retained earnings $361,000 Beginning retained earnings $353,000

Q: . The board of directors of Tirico Corp. declared cash dividends of $260,000 during the current…

A: Cash dividend: The amount of cash provided by a company out of its distributable profits as a return…

Q: The board of directors of Tirico Corp. declared cash dividends of $260,000 during the current year.…

A: Click to see the answer

Q: For the most recent year Camargo Inc., had sales of $556,000, cost of goods sold $248960,…

A: Click to see the answer

Q: sidewinder, Inc., has sales of $678,000, costs of $339,000, depreciation expense of $84,000,…

A: Retained earnings refer to the part of the distributable profit that should not be distributed to…

Q: The board of directors of Tirico Corp. declared cash dividends of $260,000 during the current year.…

A: Definition: Cash dividend: The amount of cash provided by a company out of its distributable profits…

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: 1. In its most recent financial statements, Nessler Inc. reported $50 million of net income and $550…

A: Net Income = $50 million Current Retained Earning =$550 million Previous Retained Earning = $512…

Q: Sidewinder, Inc., has sales of $674,000, costs of $338,000, depreciation expense of $83,000,…

A: Retained earnings are the excess amount of revenue after deducting all the expenses and paying out…

Q: uperior has provided the following information for its recent year of operation: The common stock…

A: Change in retained earnings=Year end balance-Beginning balance=$91,000-$70,000=$21,000

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: A company had total revenues of $64 million, operating margin of 32.4%, and depreciation and…

A: Frist we need to calculate enterprise value by using this equation Enterprise value(EV) =Total…

Q: Makers Corp. had additions to retained earnings for the year just ended of $213,000. The firm paid…

A: Earnings per share : Earnings per share are calculated based on the companies year ending profit and…

Q: Makers Corp. had additions to retained earnings for the year just ended of $213,000. The firm paid…

A: Dividend distribution is a method of distributing profit among the stockholder of the organization.…

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

A: Dividends paid $1,720 Interest paid $1,655 Retained earnings decreased by $655.

Q: During the most recent quarter XYZ Corp had $1.6 million in revenues and 970, 800 in expenses. The…

A: Working note:

Q: A company had total revenues of $62 million, operating margin of 38.4%, and depreciation and…

A: EV/EBITDA is the ratio between enterprise value and earnings before interest, taxes, depreciation…

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

A: Particulars Amount (in million $) A Retained Earnings at the end of the year 144.7 B…

Q: At last year’s end, total assets for Roberts Inc. were $1.2 million and accounts payable were…

A: At last year’s end, total assets for Roberts Inc. were $1.2 million and accounts payable were…

Q: Makers Corp. had additions to retained earnings for the year just ended of $285,000. The firm paid…

A: Given the following information: Addition to retained earnings: $285,000 Total equity: $4,850,000…

Q: Ziggy Inc., has sales of $817,000 costs of $343,000, depreciation expense of $51,000, interest…

A: Dividend refers to portion of net profit of entity that is shared with common stockholders. It can…

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: Thomas Plc generated $50 million in net income during the year on book equity of $300 million. The…

A: Equity reinvestment rate is the amount of net income reinvested in the company.

Q: Thomas Plc generated $50 million in net income during the year on book equity of $300 million. The…

A: Growth rate in net income can be calculated by reinvestment rate. Growth rate = ROE*(1-payout…

Q: Last year, the Allen Corporation had sales of $12.3 million with the cost of goods sold of…

A: Given the following information: Net sales: $12.3 million Cost of goods sold: $3,750,000 Operating…

Q: Last year, the Allen Corporation had sales of $12.3 million with the cost of goods sold of…

A: Given the following information: Sales: $12.3 million Cost of goods sold: $3,750,000 Operating…

Q: Last year, Headline News Corporation paid $600,000 in dividends and retained $360,000 of the…

A: Dividend: It is that share of the profit which is distributed among the company’s shareholders.

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: Kim's Chemical Company reported total expenses for the year of $432,000, of which $378,000 of the…

A: The balance sheet includes: Assets account Liabilities account Stockholders' equity account

Q: Helmuth Inc's latest net income was $1,210,000, and it had 225,000 shares outstanding. The company…

A: The portion of the earnings that are distributed among the common shareholders is termed as the…

Q: ABC Company had addition to retained earnings for the current fiscal year just ended of $395,000.…

A: Net income = Addition to retained earnings + Dividend paid out Net income = $395,000 + $195,000 Net…

Q: The income statement for Stretch-Tape Corporation reports net sales of $540,000 and net income of…

A: Assets turnover = Assets turnover measures the efficiency of a company's assets to generate sales.…

Q: If Brown Company’s total assets increased by $28,000 during the year, and its total liabilities…

A: The Accounting equation is as under:Assets (Total) =  Liabilities + Stockholder's equityWhen…

Q: Kingbird Ltd. had sales revenue of £ 648,000 in 2022. Other items recorded during the year were:…

A: Income statements represent the profit or loss of the business in a particular period.   Please find…

Knowledge Booster
Finance
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.
Similar questions
    Recommended textbooks for you
  • Corporate Fin Focused Approach
    Finance
    ISBN:9781285660516
    Author:EHRHARDT
    Publisher:Cengage
    Intermediate Financial Management (MindTap Course...
    Finance
    ISBN:9781337395083
    Author:Eugene F. Brigham, Phillip R. Daves
    Publisher:Cengage Learning
    Financial Management: Theory & Practice
    Finance
    ISBN:9781337909730
    Author:Brigham
    Publisher:Cengage
  • Principles of Accounting Volume 1
    Accounting
    ISBN:9781947172685
    Author:OpenStax
    Publisher:OpenStax College
    Financial Accounting
    Accounting
    ISBN:9781305088436
    Author:Carl Warren, Jim Reeve, Jonathan Duchac
    Publisher:Cengage Learning
    Financial Accounting
    Accounting
    ISBN:9781337272124
    Author:Carl Warren, James M. Reeve, Jonathan Duchac
    Publisher:Cengage Learning
  • Corporate Fin Focused Approach
    Finance
    ISBN:9781285660516
    Author:EHRHARDT
    Publisher:Cengage
    Intermediate Financial Management (MindTap Course...
    Finance
    ISBN:9781337395083
    Author:Eugene F. Brigham, Phillip R. Daves
    Publisher:Cengage Learning
    Financial Management: Theory & Practice
    Finance
    ISBN:9781337909730
    Author:Brigham
    Publisher:Cengage
    Principles of Accounting Volume 1
    Accounting
    ISBN:9781947172685
    Author:OpenStax
    Publisher:OpenStax College
    Financial Accounting
    Accounting
    ISBN:9781305088436
    Author:Carl Warren, Jim Reeve, Jonathan Duchac
    Publisher:Cengage Learning
    Financial Accounting
    Accounting
    ISBN:9781337272124
    Author:Carl Warren, James M. Reeve, Jonathan Duchac
    Publisher:Cengage Learning