1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
bazaltina [42]
3 years ago
9

During 2019, half of the treasury stock was resold for $180,000; net income was $510,000; cash dividends declared were $1,320,00

0; and stock dividends declared were $680,000. what was shareholders' equity as of december 31, 2019
Business
1 answer:
Sliva [168]3 years ago
4 0

Answer:

$5,790,000 using opening balance assumption which was not provided in the question

Explanation:        

Shareholders Equity 2019= Opening Shareholders Equity + Resold Treasury Stock + Net income - Cash Dividends Paid

Here

Resold Treasury Stock is $180,000

Net income $510,000

Cash Dividends Paid $1,320,000

Opening Shareholders Equity is missing so we assume the following remainder part as I didn't find the remainder part anywhere:

As of Dec. 31, 2018, Warner Corporation reported the following: Dividends payable- 20,000; treasury stock- 600,000; paid-in capital-share repurchase- 20,000; other paid-in capital accounts- 4,000,000; retained earnings- 3,000,000.

So

Opening Shareholder Equity = Opening paid-in capital accounts + Retained earnings - Treasury Stock + Paid in Capital share repurchases

Opening Shareholder Equity = $4,000,000 + $3,000,000 - $600,000 + 20,000 = $6,420,000

By putting values, we have:

Shareholders Equity = $6,420,000 + $180,000 + $510,000 - $1,320,000

Shareholders Equity = $5790,000

You might be interested in
total quality management (tqm) is an integrated organizational effort to improve quality at every level. which one of the follow
fenix001 [56]

Total quality management (TQM), an integrated organizational endeavor to improve quality at every level, excludes customer segmentation.

<h3>What is meant by organization?</h3>

An organization is a collection of individuals who cooperate, such as a firm, neighborhood association, charity, or union. Any individual, group of people, business, or activity that is being developed or created can all be referred to as an "organization."

<h3>What makes organization crucial?</h3>

The opposite is also true: being organized may improve your health and make you happier and more at ease .Being unorganized might cause chaos in your life. It could lead to despondency and increased stress. Disorganization may be a fire risk, as well as a source of mold growth and dust accumulation.

To know more about organization visit  :

brainly.com/question/28332875

#SPJ4

3 0
1 year ago
Christie, a marketing executive who was born in 1955, advocated that her company focus on a print campaign for its new line of l
Gemiola [76]

Answer:

The correct answer is the option C: Baby Boomer.

Explanation:

To begin with, the term<em> ''baby boomer''</em> refers to the demographic cohort regarding the generation of people born in the period called ''baby boom'', that occured in some  was after the Second World War and comprehends the years between 1946 until 1964. Moreover, the main characteristic of this period was that around 76 million babies were born in America and that an excessive consumerism began to spread.

To continue, the action that Christie advocates is very common to a person of the baby boom generation due to the fact that those people born and grew in times that there was no internet and therefore they tend to give no importance to the online ads and stuff like that.

8 0
3 years ago
Tubby Toys estimates that its new line of rubber ducks will generate sales of $7 million, operating costs of $4 million, and a d
Pavlova-9 [17]

Answer:

$2,300,000

Explanation:

The formula to compute the operating cash flow is shown below:

= EBIT + Depreciation - Income tax expense

where,  

EBIT = Sales - operating expenses - depreciation expense  

= $7,000,000 - $4,000,000 - $1,000,000

= $2,000,000

And, the income tax expense is

= $2,000,000 × 0.35

= $700,000

So, the value would equal to

= $2,000,000 + $1,000,000 - $700,000

= $2,300,000

We simply applied the above formula

7 0
3 years ago
Misty, Ibtihaj, and Taraji, all African Americans, work in the advertising department of a large cosmetics company with a multi-
motikmotik

Answer:

  It has broadened the marketing efforts to include a wider customer base which could improve sales.

Explanation:

Advertising to a broader customer base will both convince that larger customer base that the company has something to offer. For many, the obvious diversity awareness of the company will be an additional factor attracting increased sales and a more diverse hiring pool.

6 0
3 years ago
Why does a business need a marketing plan?
faltersainse [42]

You need to be organized with the plan and have a summary of what you think of doing

6 0
3 years ago
Other questions:
  • In a production budget, if the number of units in finished goods inventory at the end of the period is less than the number of u
    15·1 answer
  • A corn farm, a coal mine, and a fishing company are all part of the _________ industry. A. Manufacturing B. Service C. Extractiv
    14·2 answers
  • The following transactions occurred during January 2021:
    12·1 answer
  • During November, the production department of a process operations system completed and transferred to finished goods 35,000 uni
    7·1 answer
  • FILL IN THE BLANK
    7·2 answers
  • The big dilemma an acquisition-minded firm faces is whether to
    12·2 answers
  • A company purchased factory equipment on April 1, 2022 for $128,000. It is esti salvage value at the end of its 10-year useful l
    6·1 answer
  • Which of the following are attributes of California's legislative process for passing state budgets and controlling taxes?
    11·1 answer
  • An effective performance management system is comprised of four steps: defining performance, monitoring and evaluating performan
    13·1 answer
  • Union local school district has bonds outstanding with a coupon rate of 3.2 percent paid semiannually and 16 years to maturity.
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!