What is the study of how individuals and societies make choices under the condition of scarcity.

At the beginning of Year 1, a company reported a balance in common stock of $169,000 and a balance in retained earnings of $69,0

elixir [45]

Answer:

Explanation:

The statement of stockholder's equity comprises common stock and retained earnings. The ending balance after adjustment shown in the attached spreadsheet.

And, the balance sheet comprises of the assets and liabilities. With the help of the accounting equation, the total assets are equal to the total liabilities including stockholder's equity.

The preparation of the statement of stockholders’ equity and the balance sheet is presented in the spreadsheet. Kindly find the attachment below:

7 0

3 years ago

What can cell margins be useful for

mixas84 [53]

In the Cell Options dialog, you can tick the box to set the cell margins for the selected cell(s) to be the same as the table as a whole. Or, un-tick the box, and set the cell margins for the selected cell(s). Cell margins for an individual cell will over-ride the cell margin setting for the table as a whole.

7 0

4 years ago

Nick, Chris, Stacey, and Mike are each 25% partners in Liberty Partnership, a general partnership. During the current year, the

Serga [27]

Answer:

Stacey report on her income tax return in three categories

1. Total ordinary income = $50,000

2. Interest income = $2,500

3. Charitable contributions = $4,000

Explanation:

Basically, Stacey report on her income tax return in three categories

1. Total ordinary income: It is somewhat same as net income

So, the ordinary income equal to

= (Revenues - expenses) × partnership percentage

= ($300,000 - $100,000) × 25%

= $50,000

2. Interest income: It is computed below

= Interest income × partnership percentage

= $10,000 × 25%

= $2,500

3. Charitable contribution: It is computed below

= Charitable contributions × partnership percentage

= $16,000 × 25%

= $4,000

5 0

3 years ago

2. Which of these would an item's producer be most likely to do if total revenue on that item began to

stealth61 [152]

Answer:

c. lower the price of that item

Explanation:

If the revenues from a product begin to fall, most probably the product is entering the decline stage of its product cycle. In the initial stages of the decline stage, sales begin to drop.

When sales begin to drop, producers implement strategies to try and keep the product in the market for a longer time. One of the ways of maintaining sales is to offer reduced prices. A producer cuts prices to woe customers to continue buying the product.

8 0

3 years ago

A new factory manager was hired for a company that was experiencing slow production rates and lower production volumes than dema

rodikova [14]

Answer:

C. unfavorable direct labor cost variance

Explanation:

The payment of cash bonuses would result in an unfavorable direct labor cost variance

. The Direct labor cost variance is unfavorable if the actual cost per hour is higher than the standard cost which in this question is as a result of bonuses charged to the direct labor budget. In other word, the factory paid more per hour of labor than what it has estimated

4 0

3 years ago