Joe Refreh Ltd. began with retained earnings of $400,000. The company earned $150,000 during the year, and paid a dividend of $100,000. The ending retained earnings balance is O $425,000. O $150,000. O $450,000. O $650,000.
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- Pickled Peanuts Company had a beginning balance in its retained earnings account of $385,600. During the year, the company declared and paid a $4,700 dividend, and at the end of the year, it reported retained earnings of $399,86O. The company's net income for the year was: Multiple Choice $14,260. $18,960. $9,560. $23,660.Required: Complete the following calculations for each individual company: a. If ColourMePink Ltd. has a retained earnings opening balance of $50,000 at the beginning of the year, and an ending balance of $40,000 at the end of the year, what would be the net income/loss, if dividends paid were $20,000? b. If ForksAndSpoons Ltd. has net income of $150,000, dividends paid of $40,000 and a re- tained earnings ending balance of $130,000, what would be the retained earnings opening balance? c. If CupsAndSaucers Ltd. has a retained earnings opening balance of $75,000 at the beginning of the year, and an ending balance of $40,000 at the end of the year, what would be the dividends paid, if the net loss was $35,000?* https://ezto.mheducation.com/ext/map/index.html?_con=con&external browser 08launchuri-https%253A%252FK252Flms.mheducatio r1 Part 2 Snved During its first five years of operations, Red Raider Consulting reports net income and pays dividends as follows. Required: Calculate the balance of retained earnings at the end of each year, Note that retained earnings will always equal $0 at the beginning of year 1. Year Net Income Dividends 700 S 1,200 Retained Eamings 400 400 ces 3 1,100 500 4. 2,200 500 3,400 500Kijijo Auctions runs an online auction company. Its end-of-year financial statements indicate the following results. $ 100,000 $5,000 $ 60,000 $ 80,000 $10,000 $ 15,000 Total assets Dividends Total liabilities Expenses Common stock Retained earnings (beginning of year). Required: 1. Calculate the company's net profit margin expressed as a percent. (Round your answer to the nearest whole percent.) Net Profit Margin % O Improvement O Deterioration .. 2. Indicate whether it represents an improvement or deterioration relative to the 15.0 percent net profit margin earned in the previous year,Sadaf Oman Company started the year with total assets of RO 150,000 and total liabilities of RO 102,000. During the year, the business recorded RO 351,000 in revenues, RO 165,000 in expenses, and paid dividends of RO 30,000. Equity at the end of the year was Select one: O a RO 180,000. Ob. RO 204,000. Oc RO 150,000. Od. RO 220,000.Sadaf Oman Company started the year with total assets of RO 360,000 and total liabilities of RO 240,000. During the year, the business recorded RO 600,000 in revenues, RO 340,000 in expenses, and the company paid dividends of RO 60,000. Equity at the end of the year was Select one O a. RO 320,000. on O b. RO 380,000. Oc RO 300,000. Od RO 260,000.Seismic Inc. reported the following results for the year ended June 30, 20Y5: Retained earnings, July 1, 20Y4 $1,700,000 Net income 311,000 Cash dividends declared 44,000 Stock dividends declared 22,000 Required: Prepare a retained earnings statement for the fiscal year ended June 30, 20Y5. Be sure to complete the statement heading. Refer to the lists of Accounts, Labels, and Amount Descriptions provided for the exact wording of the answer choices for text entries. A decrease to retained earnings should be entered as a negative amount.Sheridan Company started the year with $50400 in its Common Stock account and a credit balance in Retained Earnings of $37000. During the year, the company earned net income of $40300, and declared and paid $16800 of dividends. In addition, the company sold additional common stock amounting to $23500. The amount reported for ending retained earnings on the retained earnings statement would be O $110900. O $84000 O $60500. O $134400The company had the following final balances after the Arst year af aperations: assets, $45,000, stockhalder equity, $25,000; dividends, $3,000; and net income, $10,000. What is the amount of the tompany liabilities? A $13,000. B $7,000. C $40,000. D $65,000.An analyst has collected the following information regarding a company in advance of its year-end earnings announcement (amounts in millions): Estimated net income $ 150 Beginning retained earnings $2,000 Estimated distributions to owners $ 50 Th e analyst’s estimate of ending retained earnings (in millions) should be closest to: A . $2,000. B . $2,100. C . $2,150. D . $2,200.Shep Company’s records show the following information for the current year: Beginning of year End of year Total assets $ 51,200 $ 81,500 Total liabilities $ 22,600 $ 35,600 Determine net income (loss) for each of the following separate situations. (For all requirements, losses should be entered with a minus sign.)a. Additional common stock of $3,600 was issued, and dividends of $7,600 were paid during the current year.b. Additional common stock of $15,150 was issued, and no dividends were paid during the current year.c. No additional common stock was issued, and dividends of $12,600 were paid during the current year. a. Net income (loss): ________ b. Net income (loss): ________ c. Net income (loss): ________ Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.Shep Company’s records show the following information for the current year: Beginning of year End of year Total assets $ 50,000 $ 80,000 Total liabilities $ 22,000 $ 35,000 Determine net income (loss) for each of the following separate situations. (For all requirements, losses should be entered with a minus sign.) a. Additional common stock of $3,000 was issued, and dividends of $7,000 were paid during the current year.b. Additional common stock of $15,000 was issued, and no dividends were paid during the current year.c. No additional common stock was issued, and dividends of $12,000 were paid during the current yearSEE MORE QUESTIONS