Question: Based on the information in Table 3-1, calculate the amount of dividends paid by Jones Company in 2010 (no assets were disposed of during the

Based on the information in Table 3-1, calculate the amount of dividends paid by Jones Company in 2010 (no assets were disposed of during the year, and there was no change in interest payable or taxes payable).

Jones Company

Financial Information

	December 2009	December 2010

Net Income	$2,000	$4,000
Accounts receivable	750	950
Accumulated depreciation	1,000	1,500
Common stock	4,500	5000
Paid-in capital	7,500	8500
Retained earnings	1,500	3,500
Accounts payable	750	750

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Please refer to Table 3-1 for the following questions. Table 3-1 Jones Company Financial Information December 2009 December 2010 Net Income $2,000 $4,000 Accounts receivable 750 950 Accumulated...

Table 3-1 Jones Company Financial Information December 2009 December 2010 Net Income $2,000 $4,000 Accounts receivable 750 950 Accumulated depreciation 1,000 1,500 Common stock 4,500 5000 Paid-in...

Homework 1 Step by step instructions for 17-20. Show the mathematical steps and explain please. 17. Plase refer to Table 3-1 for the following questions Table 3-1 Jones Compamy December 2009 2010...

2) The yield curve in 2009 was very low, with short-term rates close to zero and long-term rates below 5 percent. What factors contributed to such low interest rates? Please refer to table below for...

Please refer to Table 31 for the following questions. Table 31 Jones Company Financial Information December 2009 December 2010 Net Income $2,000 $4,000 Accounts receivable 750 950 Accumulated...

Please refer to Table 3-1 for the following questions. Table 3-1 Jones Company Financial Information Net Income Accounts receivable Accumulated depreciation Common stock Paid-in capital Retained...

Table 3-1 Jones Company Financial Information December 2009 December 2010 Net Income $2,000 $4,000 Accounts receivable 750 950 Accumulated depreciation 1,000 1,500 Common stock 4,500 5000 Paid-in...

able 3-1 Jones Company Financial Information December 2009 December 2010 Net Income $2,000 $4,000 Accounts receivable 750 950 Accumulated depreciation 1,000 1,500 Common stock 4,500 5000 Paid-in...

December 2009 December 2010 Net Income $2,000 $4,000 Accounts receivable 750 950 Accumulated depreciation 1,000 1,500 Common stock 4,500 5000 Paid-in capital 7,500 8500 Retained earnings 1,500 3,500...

Finance 15) Based on the information in Table 3-1, calculate the amount of dividends paid by jones Company in 2010 (no assets were disposed of during the year, and interest payable or taxes payable)

During the speculative pressure on the EMS exchange rate mechanism (ERM) shortly before Britain allowed the pound to float in September 1992, the Economist, a London weekly news magazine, opined as...

Farmville Financial reports a net interest margin of 2.75 percent in its most recent financial report, with total interest revenue of $95 million and total interest costs of $82 million. What volume...

? _ _ _ _ _ i s f u n d i n g a v e n t u r e b y p o o l i n g s m a l l i n v e s t m e n t s f r o m a l a r g e n u m b e r o f i n v e s t o r s , u s u a l l y t h r o u g h a w e b s i t e . M...

10) For a bond that pays cash interest (i.e., not a zero coupon bond), YTM is (a) always equal to the coupon rate (b) always equal to the current yield (c) is always less than the coupon rate (d) can...

3 Would your assessment of Sus doctors competence be different if you knew that, for instance, most of his patients shared Sus cultural and socioeconomic background? Would you feel differently about...

What other classical compositions are you comfortable playing? (specific)

Did you perform a Mozart piece for your piano recital in junior high school? (very specific)