A firm has a net income (after-tax profit) of $500,000 and pays dividends of $150,000. Which of the following statements is TRUE?
A) Cash decreased by $150,000
B) Retained earnings increased by $350,000
C) Long-term debt increased by $350,000
D) All of the statements are true.
B
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Carlos Consulting Inc. provides financial consulting and has collected the following data for the next year's budgeted activity for a lead consultant.
Consultants' wages $90,000 Fringe benefits $22,500 Related overhead $17,500 Supply clerk's wages $18,000 Fringe benefits $4,000 Related overhead $20,000 Profit margin per hour $20 Profit margin on materials 15% Total estimated consulting hours 5,000 Total estimated material costs $168,000 A consulting job takes 20 hours of consulting time and $180 of materials. The client's bill would be a) $1,172. b) $772. c) $952. d) $1,100.
Serengeti makes lightweight sunglasses with 100 percent UV protection for people who love to hunt, hike, and bike ride
Its long-term plans include the development of lenses that, in addition to protecting users from UV rays, will also have effective water-sheeting action to reduce lens spotting. This new feature will be valuable to people who fish. In terms of a SWOT analysis, the company believes it can use the ________ of its reputation as a sunglasses manufacturer for a specialized market in combination with its current manufacturing facilities and labor force to enter this new market. A) weight B) strength C) threat D) opportunity E) trend