Laurier Inc. had retained earnings at the beginning of the year of $19000. During the year Laurier Inc. declared dividends of $100000. At the end of the year, Laurier Inc. had retained earnings of $ 3600000. What was the amount of net earnings that Laurier Inc. earned during the year?

Name: Solved: Laurier Inc. had retained earnings at the beginning of the year of $19000. During the year Laurier Inc. declared dividends of $100000. At the end of the year, Laurier Inc. had retained earnings of $ 3600000. What was the amount of net earnings that Laurier Inc. earned during the year? - MathMaster
Brand: MathMaster
Rating: 4.9 (110 reviews)

110

likes

549 views

Answer to a math question Laurier Inc. had retained earnings at the beginning of the year of $19000. During the year Laurier Inc. declared dividends of $100000. At the end of the year, Laurier Inc. had retained earnings of $ 3600000. What was the amount of net earnings that Laurier Inc. earned during the year?

$Expert avatar$

Murray

4.5

92 Answers

To calculate the amount of net earnings that Laurier Inc. earned during the year, we can use the following formula: Net Earnings = Retained Earnings at the beginning of the year + Net Income - Dividends Given: Retained Earnings at the beginning of the year = $19,000 Dividends declared during the year = $100,000 Retained Earnings at the end of the year = $3,600,000 We need to find the Net Income. Using the formula: $19,000 + Net Income - $100,000 = $3,600,000 Net Income = $3,600,000 - $19,000 + $100,000 Net Income = $3,681,000 Therefore, Laurier Inc. earned $3,681,000 in net earnings during the year.

Frequently asked questions (FAQs)

What is the common characteristic of the exponential functions f(x) = 10^x and f(x) = e^x when their values tend to infinity?

Question: Using SOH CAH TOA, find the length of the hypotenuse with opposite side 12 and adjacent side 5.

What is the dot product of vectors u = (-3, 2, 5) and v = (4, -1, 2)?

New questions in Mathematics

A pump with average discharge of 30L/second irrigate 100m wide and 100m length field area crop for 12 hours. What is an average depth of irrigation in mm unIt?

Solution to the equation y'' - y' - 6y = 0

A car tire can rotate at a frequency of 3000 revolutions per minute. Given that a typical tire radius is 0.5 m, what is the centripetal acceleration of the tire?

Solve: −3(−2x+23)+12=6(−4x+9)+9.

The ratio of tomatoes to red apples is 2:5. If there are 20 tomaoes in the garden, how many red apples are there?

Supposed 60% of the register voters in a country or democrat. If a sample of 793 voters is selected, what is the probability that the sample proportion of Democrats will be greater than 64% round your answer to four decimal places

In a store, a person carries 14 kilos of rice and 28 kilos of flour. In what ratio are the kilos found? (Remember to simplify until you reach an irreducible fraction)