Answer:
$10,000 increase in stockholder equity
Explanation:
The buying of treasury stock reduces the balance of stockholder equity but when the treasury stock is reissued or we can say after purchase, the sale of treasury stock is done for $10,000. So, it increases the balance of stockholder equity
It means that the purchase of treasury stock has an adverse impact on stockholder equity whereas reissued shares have a positive impact on stockholder equity
In 2016, Bubble Inc. had net income of $500,000, assets of $5,000,000, sales of $2,000,000, and debt of 2,000,000. In 2017, Bubb
victus00 [196]
Answer:
No
Explanation:
The computation of the return of assets is calculated by applying the formula which is shown below:
Return on assets = Net income ÷ assets
In 2016, the return on assets would be equal to
= $500,000 ÷ $5,000,000
= 0.1
In 2017, the return on assets would be equal to
= $600,000 ÷ $7,000,000
= 0.085
By comparing the return on assets for both the years, we get to know that the return on assets is declining from 2016 to 2017
Answer:
World's journal entry to record the sales transaction is:
<em>Note Receivable ; Jax Recording Studio $8,200 (debit)</em>
<em>Sales Revenue $8,200 (credit)</em>
Explanation:
Music World is the seller and must recognize Revenue following the sale.The Revenue is initially recognized at the value of sale of $8,200. Music World must also recognize an Asset on the promissory note signed to the value of $8,200.
Answer:
( ¹⁵C₂ )² × 5! = 1082161080
Explanation:
Data provided in the question:
Number of married couples = 15
Therefore,
Number of males = 15
Number of females = 15
Now,
The number of possible dancing arrangements
= Probability of selecting males × Probability of selecting males × ways of arranging 5 pairs
= ¹⁵C₂ × ¹⁵C₂ × 5!
= ( ¹⁵C₂ )² × 5!
= ![[\frac{15!}{5!\times(15-5)!}]^2](https://tex.z-dn.net/?f=%5B%5Cfrac%7B15%21%7D%7B5%21%5Ctimes%2815-5%29%21%7D%5D%5E2)
× ( 5 × 4 × 3 × 2 × 1 )
= ![[\frac{15\times14\times13\times12\times11\times10!}{5\times4\times3\times2\times1\times10!}]^2](https://tex.z-dn.net/?f=%5B%5Cfrac%7B15%5Ctimes14%5Ctimes13%5Ctimes12%5Ctimes11%5Ctimes10%21%7D%7B5%5Ctimes4%5Ctimes3%5Ctimes2%5Ctimes1%5Ctimes10%21%7D%5D%5E2)
× ( 5 × 4 × 3 × 2 × 1 )
= ![[\frac{360360}{120}]^2](https://tex.z-dn.net/?f=%5B%5Cfrac%7B360360%7D%7B120%7D%5D%5E2)
× 120
= 1082161080
