The following was reported in Sanaz Ltd.'s 2017 financial statements: Calculate cash payments for dividends. 2017 $24,000
Question:
The following was reported in Sanaz Ltd.'s 2017 financial statements:
Calculate cash payments for dividends.
Transcribed Image Text:
2017 $24,000 261,000 197,000 2016 Dividends payable $ 20,000 114,000 Retained earnings Profit
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 64% (14 reviews)
Dividends paid 46000 Proof Retained earnings Dec...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Accounting Principles
ISBN: 978-1119048473
7th Canadian Edition Volume 2
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
Question Posted:
Students also viewed these Managerial Accounting questions
-
The following was reported in Sanaz Ltd.'s 2014 financial statements. 2014 2013 Dividends payable............$ 24,000..............$ 20,000 Retained...
-
Merck & Co. declared dividends (dollars in Millions) of $3,250.4 (2008), $3,310.7 (2007), and $3,318.7 (2006). Cash payments for dividends reported on the statement of cash flows for the three year...
-
A comparative balance sheet, income statement, and additional information for Xavier Metals Company follow. Additional information for Xavier: (a) All accounts receivable and accounts payable relate...
-
Write the surface x 2 + y 2 z 2 = 2 (x + y) as an equation r = (, z) in cylindrical coordinates.
-
The accountant of Weatherspoon Shoe Co. has compiled the following information from the companys records as a basis for an income statement for the year ended December 31, 2012. Rent revenue $ 29,000...
-
1. Identify several factors that indicate the need for more extensive internal controls covering conversion processes. 2. (SO5) Match the IT systems on the left with their definitions on the right:
-
There is a useful approximation to the certainty equivalent that is easy to derive. A second-order expansion near $\bar{x}=\mathrm{E}(x)$ gives \[U(x) \approx...
-
Pool Corporation, Inc., reported in its recent annual report that In 2010, our industry experienced some price deflation. . . . In 2011, our industry experienced more normalized price inflation of...
-
X. Consider the graph of the function f(x) = 5x - 8x. Find the slope of the secant that joins the points on the graph given by x=-2 and x = 3. Determine the average rate of change as x changes from...
-
Safety-First Company completed all of its October 31, 2020, adjustments in preparation for preparing its financial statements, which resulted in the following trial balance. Account...
-
Selected information follows for Cathrea Select Corporation at December 31: Additional information: 1. Land was sold for cash at a gain of $35,000. 2. Equipment was bought for cash. Prepare the...
-
Selected information follows for Cathrea Select Corporation at December 31: Additional information: 1. Principal payments on the mortgage payable were $25,000. 2. A building was purchased for...
-
A7X Corp. just paid a dividend of $1.55 per share. The dividends are expected to grow at 27 percent for the next eight years and then level off to a growth rate of 3.5 percent indefinitely. If the...
-
Networks can become too large and complex to be meaningful. Do you agree or disagree with this statement? Justify your answer.
-
Joe has been managing his project now for more than 12 months and is becoming concerned with how far behind the schedule it is slipping. Through a series of mishaps, late supplier deliveries, bad...
-
Explain the concept of the forward and backward pass calculations in AON. Why does the calculation need to be done this way?
-
What are the benefits and drawbacks of assessing a projects viability by determining its payback period?
-
In recent years, Keflavik Paper Company has been having problems with its project management process. Several commercial projects, for example, have come in late and well over budget, and product...
-
We can improve the running time of quicksort in practice by taking advantage of the fast running time of insertion sort when its input is "nearly" sorted. Upon calling quicksort on a subarray with...
-
Pearl Medavoy will invest $10,240 a year for 20 years in a fund that will earn 10% annual interest. . If the first payment into the fund occurs today, what amount will be in the fund in 20 years? If...
-
Recently, the price-earnings ratio of Apple was 19 times and the price-earnings ratio of eBay was 23 times. The payout ratio of each company was 26.0% and 0%, respectively. Which companys shares...
-
Rinker Corporation?s comparative balance sheet is presented below. Rinker?s 2021 income statement included net sales of $120,000, cost of goods sold of $70,000, and profit of $14,000. Instructions...
-
Selected comparative statement data for Bluesky Company are presented below. All balance sheet data are as at December 31. Calculate for 2021 the following: (a) Asset turnover, (b) Return on assets,...
-
You invest into Malaysian stock market. On 3 May 2021, construct an investment portfolio. State the reason(s) for selecting those financial assets available in the Malaysian stock market. (b) To...
-
Line spectra for atoms is generated by electronic transitions between quantum energy levels. For the hydrogen atom we established that in the absence of external fields the energy depends only on the...
-
Control Substances: 3.0 g calcium carbonate (chalk) and 0.50 M HCI CaCO3(s) + 2HCl(aq) CaCl2(s) + H2O(aq) + CO2(g) Can you please 2 graphs, one for the control experiment and one for the variable...
Study smarter with the SolutionInn App