Question
4. A firm's year-end retained earnings balances are $650,000 and $530,000, for 2019 and 2020 respectively. The firm paid $15,000 in dividends in 2020. The
4. A firm's year-end retained earnings balances are $650,000 and $530,000, for 2019 and 2020 respectively. The firm paid $15,000 in dividends in 2020. The firm's net profit after taxes in 2020 was ________. A) -$110,000 B) $105,000 C) -$105,000 D) $110,000
5. A firm's year-end retained earnings balances are $650,000 and $540,000, for 2018 and 2019, respectively. The firm reported net profits after taxes of $125,000 in 2019. The firm's dividend payment for 2019 is ________. A) $0 B) $235,000 C) -$235,000 D) $200,000
6. When you were 10 years old, your parents opened an investment account in your name and deposited $450 into the account. The account has earned an average annual rate of return of 4.8 percent. Today, the account is valued at $36,911.22. How old are you today? A) 74.47 years B) 92.98 years C) 93.99 years D) 101.75 years
7.A firm's year-end retained earnings balances are $650,000 and $750,000, for 2018 and 2019 respectively. The firm paid $33,000 in dividends in 2019. The firm's net profit after taxes in 2019 was ________. A) -$67,000 B) $67,000 C) $133,000 D) -$133,000
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