Murphy had no stock transactions in 2018, so the change in stockholders' equity for 2018 was due to net income and dividends. If dividends were $ 90 comma 000, how much was Murphy's net income for 2018? Use the accounting equation and the statement of retained earnings. A. $ 106 comma 000 B. $ 196 comma 000 C. $ 286 comma 000 D. $ 16 comma 000

Answers

Answer 1

Answer: answer: your mom gave you money

Answer 2

Answer:

Final answer:

To find Murphy's net income for 2018, we can use the accounting equation and the statement of retained earnings. Since there were no stock transactions, the change in stockholders' equity is due to net income and dividends. By plugging in the given dividend amount of $90,000, we can calculate that Murphy's net income for 2018 was $180,000.

Explanation:

To find Murphy's net income for 2018, we can use the accounting equation and the statement of retained earnings.

The accounting equation is: Assets = Liabilities + Stockholders' Equity.

Since there were no stock transactions in 2018, the change in stockholders' equity is due to net income and dividends. The formula for the change in stockholders' equity is: Change in Equity = Net Income - Dividends.

We know that dividends were $90,000, so we can plug that into the formula and solve for net income: $90,000 = Net Income - $90,000. Solving for Net Income, we find that Murphy's net income for 2018 was $180,000.

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The amount of a person’s paycheck p varies directly with the number of hours worked t. For 22 hours of work, the paycheck is $126.50. Write an equation for the relationship between hours of work and pay.

Answers

you would divide 22hrs into the 126.50 and which would give you 5.75$

An asset having a four-year service life and a salvage value of $6,000 was acquired for $50,000 cash on April 5. Using straight-line depreciation, what will be the depreciation expense at the end of the first year, December 31?

Answers

Answer:

the depreciation expense at the end of the first year, December 31 is $ 8,250

Explanation:

Straight line Method of Depreciation Charges the same amount of depreciation over the useful life of the asset.

Depreciation Charge = (Cost - Salvage Value) / Useful Life

Depreciation Charge = ($50,000-$6,000) / 4 years

= $11,000

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If you had no credit history yet but wanted to establish one, describe what you could do in order to establish a credit history.

Answers

Apply for a credit card and or purchase a jewelry item that wont break the bank and pay for it in installments making sure not to miss any payments, the more consistent your payments are (on time), the better your credit score!

Abby Cleaning Services planned to provide cleaning services to 50 customers for $30 per hour during the month. Each job was expected to take 4 hours. The company actually served 5 less customers than expected and spent an average on each job of 4.5 hours. What is Abby Cleaning Services Revenue for the month?

Answers

Answer:

The Abby Cleaning Services Revenue for the month is $6,075 i.e $75 more than the expected.

Explanation:

Given:

Planned number of customers = 50

Charges = $30 per hour

Expected time taken = 4 hours

Therefore,

The expected revenue = 50 × $30 × 4 = $6,000

Actual number of customers served = 50 - 5 = 45

Actual time time taken = 4.5 hours

Actual revenue = 45 × $30 × 4.5 = $6,075

Hence,

the Abby Cleaning Services Revenue for the month is $6,075 i.e $75 more than the expected.

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And recognized source of information

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Answers

Answer:

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