What are the retained earnings

Assignment Help Accounting Basics
Reference no: EM13146647

Rockwell Corporation had a net income of $150,000 for the year ending 2009. The company decided to payout 40% of earnings per share as a dividend. Rockwell has 120,000 shares issued and outstanding. What are the retained earnings for the 2009?

Reference no: EM13146647

Questions Cloud

Calculate the avg fixed cost and avg variable cost : The total fixed cost for the plan is $5,000/day, and the total variable cost is $15,000/day. calculate the avg fixed cost, avg variable cost, avg total cost, and total cost at thecurrent output level.
Calculate the profit that the manager : The manager of EverClean finds two output levels that appear to be optimal. Show what these levels of output are, and explain which one is actually optimal.
Why is the normality assumption not a problem : Construct a 95% confidence intervalfor the population proportion of positive drug tests. Why is the normality assumption not a problem despite the very small value of p?
What will be the new volume : The volume of a gas at 95.0 kPa is 300.0 mL. If the pressure is increased to 177 kPa, what will be the new volume?
What are the retained earnings : Rockwell Corporation had a net income of $150,000 for the year ending 2009. The company decided to payout 40% of earnings per share as a dividend. Rockwell has 120,000 shares issued and outstanding. What are the retained earnings for the 2009?
Calculate the number of lead ions : The EPA limit for lead in the water supply is 15 parts per billion by mass. Calculate the number of lead ions present in 1.00kg of water that is at the EPA limit for lead.
Explain what is the molarity of the new solution compared : What is the molarity of the new solution compared to the molarity of the initial solution?
Probability that family-s monthly purchases is in range : The statistic has a normal distribution with a standard deviation of 10 gallons. Find the probability that the family's monthly purchases will be between 86and 96 gallons.
Direct labor cost on the job : Sweet Company applies overhead to jobs on the basis of 125% of direct labor cost. If job 107 shows $10,000 of manufacturing overhead apllied, how much was the direct labor cost on the job?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Tax return for the current year

How much income must Barry report on his tax return for the current year? What is the character of income?

  Amount of vacation to be accrued

Mark typically works 40 hours/week at $15/hour regular pay and receives four weeks of vacation. This week he worked 50 hours as his employer asked him to work Saturday to take care of the Christmas backlog. Determine the following: 1. The amount o..

  Comparative analysis

Comparative analysis - should include discussion of whether the share price measures line up with your other assessments Please include copies of the financial statements (attached as a file, if possible in .pdf format) or, alternatively, provide ref..

  Preparing a schedule indicating cash collections

Of sales on account, 50% are expected to be collected in the month of the sale, 35% in the month following the sale, and the remainder in the second month following the sale. Prepare a schedule indicating cash collections from sales for May, June,..

  Using the installment-sales method

Using the installment-sales method, make summary entries to record: (a)   the installment sales and cash collections; (b)   the cost of installment sales; (c)   the unrealized gross profit; (d)   the realized gross profit.

  Evaluating earnings quality

Which one is not a main question when you evaluate earnings' quality?

  Investigation of financial position of sales department

Obtain a detailed report which is based on an intensive investigation of the financial position of sales department, production department and research and development department.

  Determining per-unit conversion cost

At Frank Company, there are 800 units of ending work in process that are 100% complete as to materials and 40% complete as to conversion costs. If the unit cost of materials is $4 and the costs assigned to the 800 units is $6,000, what is the per-..

  Total dollar contribution margin dollars-percentage

An imaging center has the following information: Compute the total dollar contribution margin dollars and percentage.

  Calculate the cost of ending inventory

Compute the cost of the ending inventory under the average-cost method, assuming there are 300 units on hand. (Round average cost to 2 decimal places, e.g. 3.25. Use this rounded amount to calculate cost of ending inventory.)

  What amount of gain should anderson recognize

On October 1, 2009, Donald Anderson exchanged an apartment building, having an adjusted basis of $375,000 and subject to a mortgage of $100,000, for $25,000 cash and another apartment building with a fair market value of $550,000 and subject to a ..

  Financial acceptable investment

How large would the annual net cash inflows from the intangible benefits have to be to make this a financially acceptable investment?

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