A(n) __ can administer self-assessment tools to help you understand your personality and preferences .

Power Drive Corporation designs and produces a line of golf equipment and golf apparel. Power Drive has 100,000 shares of common

Galina-37 [17]

Answer and Explanation:

The Preparation of statement of stockholders’ equity is shown below:-

<u> Statement of Stockholder's Equity</u>

<u> Power Drive Corporation</u>

<u> For the year ended December 31, 2018</u>

<u>Particulars Common Additional Retained Treasury Total</u>

<u> stock paid in Earning Stock Stockholder</u>

<u> capital equity</u>

Jan 1 Balance 100,000 $4,800,000 $2,300,000 0 $7,200,000

Issued common

stock 58,000 $3,132,000 0 0 $3,190,000

(58,000 × $1) (58,000 × $54)

Purchase treasury

stock -$307,400 -$307,400

(5,300 × $58)

Dividends -$251,955 -$251,955

((100,000 + 58,000 - 5,300) × $1.65)

Sale of Treasury

stock $13,250 $153,700 $166,950

(2,650 × $5) (2,650 × $58)

Net Income $630,000 $630,000

Balance,

December

31 158,000 $7,945,250 $2,678,045 -$153,700 $10,627,595

Total Stockholder's equity is

= Common stock + Additional paid in capital + Retained earnings - Treasury stock

= 158,000 + $7,945,250 + $2,678,045 - $153,700

= $10,627,595

8 0

3 years ago

To measure changes taking place in your financial situation, you probably need to calculate financial ______. multiple choice qu

ipn [44]

To measure changes taking place in your financial situation, you probably need to calculate financial ratios.

<h3>What is financial ratio?</h3>

A financial ratio can as well be described as the accounting ratio which is the relative magnitude of two selected numerical values that is been gotten from a enterprise's financial statements.

It encompass many standard ratios used to try to evaluate the overall financial condition , hence To measure changes taking place in your financial situation, you probably need to calculate financial ratios.

Learn more about financial ratios at:

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6 0

2 years ago

Antiques R Us is a mature manufacturing firm. The company just paid a dividend of $11.15, but management expects to reduce the p

horrorfan [7]

Answer:

the stock price is $58.23

Explanation:

The computation of the price pay per share today is shown below:

Stock price is

= Current year dividend ÷ (required rate of return - growth rate)

= $11.15 × (1 - 0.06) ÷ (12% - (-6%)

= $10.48 ÷ 18%

= $58.23

Hence, the stock price is $58.23

We simply applied the above formula so that the correct value could come

And, the same is to be considered

3 0

3 years ago

_____________ are a form of financial instrument through which corporations and governments borrow money from financial investor

makkiz [27]

Answer:

Bonds

Explanation:

Bonds are financial instruments that are used to obtain funding from the bond holders. It is a debt security that is issued by a government or corporation to investors.

When investors buy bonds the funds are used by governments for its operations and various projects. Interest is paid on the bonds.

Bonds can be municipal bonds or corporate bonds.

Unlike shares bonds does not grant the holder an equity or ownership stake in the company, rather it grants a creditor stake.

3 0

3 years ago

On December 1, Milka Inc. borrows $500,000 from the bank. Interest of 6% is due in six months. On December 31, Milka recognizes

Leokris [45]

Milka's balance sheet reports: Interest payable for one month.

<h3>What is interest?</h3>

The fee you pay to borrow money or the fee you charge to lend money is called interest.

Some features of interest are-

The fee paid for the privilege of borrowing money is called interest, and it is often stated as an annual percentage rate (APR).
The compensation a lender or financial organization receives for giving out money is called interest.
The most common way to represent interest is as a yearly percentage of the loan amount.
The interest rate on the loan is known as this percentage.
For instance, if you put money in a savings account, a bank will provide you interest.

The three types of interest include -

simple (regular) interest: The daily interest rate, the principle, and the number of days between payments are multiplied to determine simple interest.
accrued interest: The amount of interest accrued on a loan or other financial obligation as of a certain date that has not yet been paid back.
compounding interest: The interest you earn on interest is known as compound interest. Simple math may be used to demonstrate this: If you have $100 and it generates 5% interest annually, you will have $105 at the end of the first year. You'll have $110.25 after the second year is over.

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5 0

2 years ago