Level of retained earnings on the company

Assignment Help Business Economics
Reference no: EM132117880

New Hampshire Services reported $ 6.8 million of retained earnings on its December 31, 2007 balance sheet. In 2008, the company lost money; its net income was -$500,000 (negative $500,000). Despite the loss, the company still paid a $ 2.68 per share dividend. The company's earnings per share for 2008 were -$2.50 (negative $2.50). What was the level of retained earnings on the company's December 31, 2008 balance sheet? Show your answer to the nearest dollar, but do not use the $ or , signs in your answer.

Reference no: EM132117880

Questions Cloud

Why does it fail to deliver economic growth : What is the mechanism in the Solow model that generates growth? Why is this an appealing mechanism? Why does it fail to deliver economic growth in the long run?
What is monthly payment : a. What is your monthly payment? b. How much of your 20th payment is payment of principal?
What is the solution of the solow model : What is the solution of the Solow model for consumption per person in the steady state, c* C* /L*? How does each parameter in the solution affect c*, and why?
Calculate the average train and test accuracies : Experiment with different initializations of the parameter used for gradient descent . Clearly mention the initial values of the parameter tried, 1a.
Level of retained earnings on the company : What was the level of retained earnings on the company's December 31, 2008 balance sheet?
Difference in the effective annual rates : An offer to lend you the $33,000 also comes from Community Bank, but it will charge 6.1%, simple interest, with interest paid at the end of the year
Describe the ethical dilemma in detail : Describe the ethical dilemma in detail. Explain both sides of the issue (for and against) with an eye on concerns and regulations.
What about the labor market and the financial market : Are households demanders or suppliers in the goods market? Are firms demanders or suppliers in the goods market? What about the labor market and the financial.
Create a scope statement : You will work together with your team to produce a complete project charter and create a scope statement.

Reviews

Write a Review

Business Economics Questions & Answers

  What is its nominal interest rate

Suppose the Canadian economy, on a fixed exchange rate, has a real growth rate of 2% and is in equilibrium with an inflation rate of 10% and a risk premium of 1%. Suppose changes in the U.S. cause its real rate of interest to increase from 3% to 4% a..

  Suppose the council of economic advisors hired

Suppose the Council of Economic Advisors (CEA) hired you as an Economist (Economic consultant). The head of the council tells that she believes the current unemployment rate of 9% is too high. They would like to increase real aggregate output (RGDP)...

  Explain the two opposing forces they face

When a firm enters the international markets, explain the two opposing forces they face.

  Market for DVDs has supply curve and demand curves

The market for DVDs has supply curve and demand curves given by P=2Qs and P=42-Qd, respectively. Calculate the equilibrium price and quantity of the DVD market. How many units will be traded at a price of $14? What participants (sellers or buyers) wi..

  Instead smooth consumption across periods

If consumption spending this year (C1) and next year (C2) were perfect complements, would the permanent income hypothesis still hold, in the sense that the consumer would not increase spending by the full amount of a transitory income shock, but woul..

  Bakery produces bread-the production function of bread

A bakery produces bread. The production function of bread is q(e)=24e, where is e is the baker’s effort. What number of loaves (i.e. q) maximizes the baker’s profits and what are the baker’s profits in this case? What number of loafs (i.e. q) maximiz..

  Break up the federal governments monopoly

The U.S. government has a legal monopoly on the printing of U.S. currency. For the sake of this question, suppose the government decides to relinquish its monopoly—the Department of Justice will “break up” the federal government’s monopoly on U.S. cu..

  Factors that influence international trade

World trade has grown substantially in the last 60 years. For example, while world output grew at an annual rate of 3.8% per year between 1950 and 2003, world exports grew at 10.8% per year over the same time period. Which of the following help to ex..

  How is the gdp classified

What is the value of the Chinese Yuan and how does it compare to the $ US? The Yuan fell 6.6 percent against the dollar in 2016, its biggest one-year loss since

  Bank because it offered continuous compounding

Barry decided to deposit in the first bank because it offered continuous compounding. Did he make the right decision?

  Determine the optimal level of a public good

Discuss any problems associated with using majority voting to determine the optimal level of a public good.

  Set of affordable bundles

If the price of one good is four time the price of the other also the price of both double, Illustrate what effect does it have on the set of affordable bundles

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd