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RideAnS [48]
2 years ago
5

Darden has beginning equity of $284,000, total revenues of $70,000, and total expenses of $32,000. the company has no other tran

sactions impacting equity. the company's ending equity is:________
Business
2 answers:
kolbaska11 [484]2 years ago
8 0

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Anika [276]2 years ago
3 0

Darden has a beginning equity of $284,000, total revenues of $70,000, and total expenses of $32,000. the company has no other transactions impacting equity. the company's ending equity is $38000.

What is equity?

Equity is defined as a company's capital that is raised and then utilized to fund operations, invest in projects, and buy assets. Equity in the context of finance refers to ownership of assets with potential obligations such as debts. Liabilities are subtracted from equity to calculate equity for accounting reasons. Owning stock means you have an interest, no matter how tiny, in the corporation that issued the shares. When you hold a bond or piece of commercial paper, which is a debt that the corporation owes you, you are the owner of equity.

To learn more about equity, visit

brainly.com/question/9261270

#SPJ4

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Jones Company possesses a 25 percent interest in the outstanding voting shares of Sandridge Company. Under what circumstances mi
coldgirl [10]

Answer:

Jones may decide that the equity method would not be appropriate to account for the investment when Jones Company does not have significant influences over the management/operation of Sandridge Company.

Although an investors holding from 25% of investee is very much likely to have significant influences on the investee, this may not be true all over the times. For Jones, to prove that it does not have significant influences over Sandridge, there may be some following evidences:

+ Jones and Sandridge sign an agreement that Jones surrenders  significant rights as a shareholder;

+ There is/are investor(s)/group(s) of investors who has more voting right than Jones and whose visionary/mission for Sandridge is opposite to Jones's.

+ Sandridge tries to reject Jones' influences on its management by seeking lawsuit or by successfully prevent representatives from Jones on its Board of Directors.

Explanation:

8 0
3 years ago
Queen, inc., has a total debt ratio of .32.
gulaghasi [49]

(A) Debt ratio = 0.32

Debt/(debt + equity)= 0.32

Debt = 0.32 *Debt + 0.32 *Equity

0.68* Debt = 0.32* Equity

Debt = 0.32*Equity/0.68 = 0.32/0.68 * Equity

Debt /equity ratio = (0.32/068*Equity)/Equity

Debt/Equity ratio = 0.32/0.68 = 0.47

Debt-equity ratio = 0.47 (Rounded to 2 decimals)

(B) Equity multiplier = 1 + debt -equity = 1+0.47 = 1.47

Equity multiplier = 1.47 (Rounded to 2 decimals)

4 0
3 years ago
5. Find an example of a video ad either on TV or on the Internet, and then answer the
mezya [45]

Answer:

nike brand add

Explanation:

the add Brings inspiration and innovation to every athlete in the world by creating groundbreaking sport innovations, by making our products more sustainably, by building a creative and diverse global team and by making a positive impact in communities where we live and work.

8 0
3 years ago
Which of the following organizations emerged from the Bretton Woods agreement of 1944, where a group of international leaders de
Fofino [41]

Answer:

International Monetary Fund, IMF and the World Bank

Explanation:

The Bretton Woods Agreement was negotiated in July, 1944 which established a new global monetary system. It made US dollar the global currency and replaced gold standard.

This agreement created The World Bank and International Monetary Fund (IMF) which would monitor the new monetary system.

The Bretton Wood system was dissolved in 1970's but IMF and The World Bank still exist and are strong pillars of global monetary system.

8 0
3 years ago
Ingrid Inc. has strict credit policies and only extends credit to customers with outstanding credit history. The company examine
Leviafan [203]

Answer:

Ingrid Inc.

a. Ingrid's balance in accounts receivable on December 31, 2018, prior to the adjustment is:

= $833,720.

b. Ingrid's balance in allowance for doubtful accounts on December 31, 2018, prior to the adjustment is:

= $6,800.

c. Adjusting Entry:

Debit Bad Debts Expense $3,180

Credit Allowance for Doubtful Accounts $3,180

To record the bad debts expense for the year and bring the balance of the Allowance for Doubtful Accounts to a credit balance of $6,800

Explanation:

a) Data and Calculations:

January 1, 2019 balances:

Accounts Receivable $478,000

Allowance for Doubtful Accounts $7,900 (credit)

Accounts Receivable $3,075,000 Sales Revenue $3,075,000

Cash $2,715,000 Accounts Receivable $2,715,000

Allowance for Doubtful Accounts $4,280 Accounts Receivable $4,280

Ending balance:

Allowance for Doubtful Accounts $6,800 (Credit)

T-Accounts

Account Titles                      Debit      Credit

Beginning balance         $478,000

Sales Revenue            $3,075,000

Cash                                               $2,715,000

Allowance for Doubtful Accounts       $4,280

Ending balance                                $833,720

Allowance for Doubtful Accounts

Account Titles                      Debit      Credit

Beginning balance                            $7,900

Accounts Receivable      $4,280

Bad Debts Expense                             3,180

Ending balance               $6,800

6 0
2 years ago
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