Shown below in t-account format are the changes affecting the retained earnings of brenner-jude corporation during 2018. at january 1, 2018, the corporation had outstanding 105 million common shares, $1 par per share. retained earnings ($ in millions) 90 beginning balance retirement of 5 million common shares for $22 million 2 88 net income for the year declaration and payment of a $0.33 per share cash dividend 33 declaration and distribution of a 4% stock dividend 20 123 ending balance required: 1. from the information provided by the account changes you should be able to recreate the transactions that affected brenner-jude’s retained earnings during 2018. prepare the journal entries that brenner-jude must have recorded during the year for these transactions. 2. prepare a statement of retained earnings for brenner-jude for the year ended 2018.

Which of the following is an example of the use of fiscal policy by the u. s. government? a. congress makes it illegal for the police union to go on strike. b. the federal reserve bank lowers the interest rate on loans to corporations. c. the department of transportation increases spending on highway repairs. d. the supreme court rules that unions have the right to collective bargaining. 2b2t

You have just been hired as a financial analyst for barrington industries. unfortunately, company headquarters (where all of the firm's records are kept) has been destroyed by fire. so, your first job will be to recreate the firm's cash flow statement for the year just ended. the firm had $100,000 in the bank at the end of the prior year, and its working capital accounts except cash remained constant during the year. it earned $5 million in net income during the year but paid $800,000 in dividends to common shareholders. throughout the year, the firm purchased $5.5 million of machinery that was needed for a new project. you have just spoken to the firm's accountants and learned that annual depreciation expense for the year is $450,000; however, the purchase price for the machinery represents additions to property, plant, and equipment before depreciation. finally, you have determined that the only financing done by the firm was to issue long-term debt of $1 million at a 6% interest rate. what was the firm's end- of-year cash balance? recreate the firm's cash flow statement to arrive at your answer

You are attending college in the fall and you need to purchase a computer. you must finance the purchase because your parents will not purchase it for you, and you do not have the cash on hand to purchase it. in blank #1 determine which type of credit would you use to finance your purchase (installment, non-installment, or revolving credit). (2 points) in blank #2 defend your credit choice by explaining why your financing option is the best option for you. (2 points) in blank #3 explain why you selected that credit option over the other two options available. (2 points)