Answer:
The Elston's stockholders' equity on December 31, 2014 is $550,000
Explanation:
For computing the stockholder equity, first, we have to find out the ending retained earning balance which equals to
= Beginning retained earning balance + Net income - dividend paid
= $375,000 + $75,000 - $50,000
= $400,000
where,
Net income = Service revenue - operating expenses
= $700,000 - $625,000
= $75,000
Now the stockholder equity equals to
= Common stock + ending balance of retained earning
= $150,000 + $400,000
= $550,000
Answer:
The net cash inflow from financing activities on Petras's 2013 statement of cash flows is $5. So, the correct option is A.
Explanation:
Petras Company
Statement of cash flows (extract)
Proceed from the issue of common stock $325
Repayment of outstanding debt ($220)
Dividends paid ($100)
Net cash inflow from financing activities $5
Note that earned revenues and incurred expenses would form the net income used under operating activities section of the cash flows.
The prior year values for there for comparative purpose only.
Based on the production process time, the days finished goods are kept on hand and others, the operating cycle would be 50 days.
<h3>What is the operating cycle?
</h3>
The operating cycle can be found as:
= Average production time + Finished goods holding period + Accounts receivable outstanding period - Days of credit
Solving gives:
= 40 + 15 + 35 - 40
= 50 days
Find out more on operating cycle at brainly.com/question/26482515.
Answer: Fixed assets are long-term items that add value to your business. They are tangible assets that you do not expect to convert into cash in less ... asset because you want to convert it into cash as fast as possible. ... You must keep up with maintenance schedules to get the longest life out of your fixed assets.
Explanation: PLEASE GIVE BRAINLIST
Answer: considered to be an offer to buy made by the agent
Explanation:
An offer to buy simply means a proposal made by a buyer to buy an asset, and this becomes legally enforceable once the person who intends to buy the asset accepts the offer made by the seller.
In this case, the agent has contacted the existing client to know if he is interested in selling these shares and once the seller agrees, the shares will be sold at an agreed price.
