What was the net in one amount for the year

Reference no: EM131959613

Question: A company started the year with the following: Assets $121,000; Liabilities $41,500;

Contributed Capital $71,500; Retained Earnings $8,000.

During the year the company earned revenue of $6,400, all of which was received in cash, and incurred expenses of $3,700, all of which was unpaid as of the end of the year. In addition, the company paid dividends of $2,400 to owners. Assume no other activities occurred during the year.

What was the net in one amount for the year?

Reference no: EM131959613

Questions Cloud

How many shares must be issued in given case : A company wants to raise $100 million. Subscription price is $17, and the stock price is $27. The firm currently has 2,500,000 outstanding shares.

Calculate the dividend yield for the stock : Company x is expected to pay an end-of-year dividend of $5 a share on its common stock. After the dividend payment the stock is expected to sell at $110.

How much funds are the company actually going to collect : A company wants to issue a SGD 100 million 10-year straight bond, with a coupon of 5.5% paid semi-annually. The market interest rate for companies of similar.

What is the payback period of the project : Company XYZ has spent $250,000 to develop a new product - smart beehive. The company has spent $24,000 for a market research for figuring out the expected.

What was the net in one amount for the year : During the year the company earned revenue of $6,400, all of which was received in cash, and incurred expenses of $3,700, all of which was unpaid as of the end.

What is the intrinsic value for the given share of stock : A company's earnings are expected to grow at 5% per year for the next 4 years, then stabilize at a 3% growth rate from then on.

Statement provide measure of firm cash flows : Why doesn't an income statement provide a measure of a firm's cash flows?

Evaluate the return on equity : A company has taxable income of $1,760 with a tax rate of 38 percent. Owners equity is: $400 in stock, $200 in capital surplus, and $200 in retained earnings.

What is the present value of the annuity : If the tax rate is 33 percent, the operating cash flow, or OCF, What is the present value of the following annuity?

User Account

All Pages