This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Salashar, Inc.'s balance sheet is as follows: Cash 1,000,000 Current Liabilities 1,300,000 Other ... (Read 147 times)

vHAUNG6011

  • Hero Member
  • *****
  • Posts: 514
on: Jul 10, 2018
Salashar, Inc.'s balance sheet is as follows:
 
  Cash 1,000,000 Current Liabilities 1,300,000
  Other Current Assets 2,000,000 Long-term Debt 4,100,000
  Long-term Assets 8,000,000 Common Stock 5,000,000
  Retained Earnings 600,000
  Total Assets 11,000,000 Total Liab. And Equity 11,000,000
  Salashar decides to pay a dividend. Which of the following statements is MOST correct?
  A) The dividend cannot exceed 1,000,000, the amount of cash available.
  B) The dividend cannot exceed 600,000, the amount of retained earnings.
  C) The dividend cannot exceed 11,000,000, the amount of total assets.
  D) The dividend cannot exceed 1,700,000, the amount of net working capital.

Question 2

WSM Wine Importers, Inc. purchased 75,000 cases of French wine at a cost of 6,000,000 euros. If the
  current exchange rate is 0.7576 euros to the U.S. dollar, what is the purchase price of the wine in
  U.S. dollars?
 
  A) 9,684,148 B) 8,350,012 C) 9,328,651 D)  7,919,747


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

batool

  • Sr. Member
  • ****
  • Posts: 320
Reply #1 on: Jul 10, 2018
Answer to Question 1

B

Answer to Question 2

D


vHAUNG6011

  • Member
  • Posts: 514
Reply 2 on: Jul 10, 2018
Gracias!

AngeliqueG

  • Member
  • Posts: 343
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

It is believed that the Incas used anesthesia. Evidence supports the theory that shamans chewed cocoa leaves and drilled holes into the heads of patients (letting evil spirits escape), spitting into the wounds they made. The mixture of cocaine, saliva, and resin numbed the site enough to allow hours of drilling.

Did you know?

Children of people with alcoholism are more inclined to drink alcohol or use hard drugs. In fact, they are 400 times more likely to use hard drugs than those who do not have a family history of alcohol addiction.

Did you know?

According to the National Institute of Environmental Health Sciences, lung disease is the third leading killer in the United States, responsible for one in seven deaths. It is the leading cause of death among infants under the age of one year.

Did you know?

The toxic levels for lithium carbonate are close to the therapeutic levels. Signs of toxicity include fine hand tremor, polyuria, mild thirst, nausea, general discomfort, diarrhea, vomiting, drowsiness, muscular weakness, lack of coordination, ataxia, giddiness, tinnitus, and blurred vision.

Did you know?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

Do you know how kangaroos balance their body Do you know how kangaroos balance their body
Co-current flow in a concentric tube heat exchanger Co-current flow in a concentric tube heat exchanger
When the exhaust is lean, the PCM applies a positive current into the pump cell. When the exhaust is lean, the PCM applies a positive current into the pump cell.
Nitrogen Balance and Imbalance Nitrogen Balance and Imbalance
What is the current flowing through the resistor? What is the current flowing through the resistor?
Fluid Balance Fluid Balance
Video: EpiPen Animation (Part 2)

For a complete list of videos, visit our video library