Last year Builtrite had retained earnings of $140,000. This year, Builtrite had true net profits after taxes of $65,000 which includes common stock dividends received of $10,000, and also paid a preferred dividend of $35,000. What is Builtrite's new level of retained earnings? A) $180,000 B) $190,000 C) $200,000 D) $170,000
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Last year Builtrite had retained earnings of $140,000. This year, Builtrite had true net profits after taxes of $65,000 which includes ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Employee engagement means that people enjoy their jobs and are satisfied with their work conditions, contribute enthusiastically to meeting team and organizational goals, and feel a sense of belonging and commitment to the organization. True / False.
Answers (1)
Partnership incurred $15,000 of organizational costs and $75,000 of startup costs in 2011. JKL may deduct $5,000 each of organizational and startup costs, and the remaining costs ($10,000 of organizational costs and $70,000 of startup costs) may be
Answers (1)
Decreases in owners' equity are caused by: A. Purchases of assets and payment of liabilities B. Purchases of assets and incurrence of liabilities C. Payment of liabilities and unprofitable operations D.
Answers (1)
Each month, Burrel Incorporated produces 500 units of a product that has unit variable costs of $22. Total fixed costs for the month are $4800. A special sales order is received for 200 units of the product at a price of $28 per unit.
Answers (1)
12. Yolanda is your client. With her current level of taxable income, sheis paying tax at a 25% marginal rate. She received $2,000 in qualifieddividends this year. What rate of tax do you expect that Yolanda willpay on her dividends. ad.
Answers (1)
New Questions in Business
Recommendations for a successful pitch include all of these except: a. stand behind a podium b. maintain eye contact c. use colorful visual aids d. do a live demonstration of the product or service e.
Answers (1)
Suppose the U. S. Treasury issued $50 billion of short-term securities and sold them to the public. Other things held constant, what would be the most likely effect on short-term securities' prices and interest rates? A.
Answers (1)
Meals n' More, Inc., a catering company, requires its customers to pay by check. Lyra, a Meals n' More driver, tells customers that they can pay her with cash. When Meals n' More learns of Lyra's collections, it takes no action to stop it.
Answers (1)
According to the savings-investment spending identity: a) savings equals investment spending. b) savings equals investment spending plus consumption spending. c) government spending equals tax receipts.
Answers (1)
Between 1860 and 1900, railroads in the United States were Group of answer choices subject to laissez-faire treatment by government. resistant to the consolidation of corporate power. nearly shut down by labor unrest and strikes.
Answers (1)