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Stolb23 [73]
2 years ago
5

Ivan's, Inc., paid $482 in dividends and $586 in interest this past year. Common stock increased by $196 and retained earnings d

ecreased by $122. What is the net income for the year
Business
1 answer:
Svet_ta [14]2 years ago
6 0

Answer:

$360

Explanation:

We can compute net income to be

The ending balance of retained earnings = Beginning balance of retained earnings + net income - dividend paid.

Where,

Dividend = $482

Change in retained earnings = $122

Hence,

Net income = Dividend - Change in retained earnings

= $482 - $122

Net income = $360

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Yeast is used in bread baking; it has a rapid doubling time of approximately 90 minutes. (note: use the concepts of half-life or
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Yeast Yeast is used in bread baking; it has a rapid doubling time of approximately 90 minutes. a. Find a model for the size of a yeast culture after t hours, given the original size was 2.5 teaspoons.

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As the human resources manager for Spring Engineering and Manufacturing Corp. in Canton, Michigan, Kim Radeback had to find inex
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C. Leading

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2 years ago
An insurance firm agrees to pay you $3,310 at the end of 20 years if you pay premiums of $100 per year at the end of each year f
azamat

Answer:

6.43%

Explanation:

The internal rate of return shall be determined by the Insurance firm using the following mentioned method:

Cash flows      Year involved      Present [email protected]%  Present [email protected]%          

($100)                 1-20                      ($851)                            ($1,487.75)                      

$3,310                 20                        $492                             $1,832.67

                                                        ($359)                           $344.92

IRR=A%+ (a/a-b)*(B%-A%)

A%=10%  a= ($359) B%=3%  b=$344.92  

IRR=10%+(-$359/-$359-$344.92)*(3%-10%)

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3 0
2 years ago
Maggie Stewart loves desserts. But, due to weight and cholesterol concerns, she has decided that she must plan her desserts care
nika2105 [10]

Answer:

The option that maximizes Maggie's taste index is 1 snack bar and 2 ice creams

Explanation:

<u>snack bar</u>                  <u>ice cream</u>

37 grams                   65 grams

120 calories              160 calories

5 grams of fat           10 grams of fat

Maggie wants to consume up to 450 calories and 25 grams of fat, but she needs at least 120 grams of dessert per day. Ice cream taste 95, snack bars 85.

  • maximize taste index = [85(37X) + 95(65Y)] / (37X + 65Y)
  • 5X + 10Y ≤ 25 ⇒ CONSTRAINT 1
  • 120X + 160Y ≤ 450 ⇒ CONSTRAINT 2
  • 37X + 65Y ≥ 120 ⇒ CONSTRAINT 3
  • X ≥ 0 ⇒ CONSTRAINT 4
  • Y ≥ 0 ⇒ CONSTRAINT 5

maximum possible combinations following constraint 1, 4 AND 5:

  • option 1: 1 snack bar - 2 ice creams (5 + 20 = 25)
  • option 2: 2 snack bars - 1 ice cream (10 + 10 = 20)
  • option 3: 3 snack bars - 1 ice cream (15 + 10 = 25)

possible combinations following constraint 2:

  • option 1: 1 snack bar - 2 ice creams (120 + 320 = 440)
  • option 2: 2 snack bars - 1 ice cream (240 + 160 = 400)

possible combination following constraint 3:

  • option 1: 1 snack bar - 2 ice creams (37 + 130 = 167)
  • option 2: 2 snack bars - 1 ice cream (74 + 65 = 139)

since we only have two possibilities, we can calculate which one generates the highest taste index

maximize taste index = [85(37X) + 95(65Y)] / (37X + 65Y)

  • option 1: 1 snack bar - 2 ice creams = [85(37) + 95(130)] / (37 + 130) = (3,145 + 12,350) / 167 = 92.78
  • option 2: 2 snack bars - 1 ice cream = [85(74) + 95(65)] / (74 + 65) = (6,290 + 6,175) / 139 = 89.68

5 0
2 years ago
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