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svetlana [45]
2 years ago
5

At the beginning of a recent year, JetBlue's assets were $7,071 million and its equity was $1,757 million. During the year, asse

ts decreased by $1 million and liabilities decreased by $132 million. What was JetBlue's equity at the end of the year?
Business
1 answer:
STALIN [3.7K]2 years ago
7 0

Answer:

JetBlue's equity at the end of the year was $1,888 million

Explanation:

Basing on accounting equation:

Total asset = Liabilities + Equity

At the beginning of a recent year, JetBlue's liabilities = Total asset - Equity = $7,071 - $1,757 = $5,314 million.

During the year, assets decreased by $1 million and liabilities decreased by $132 million.

At the end of the year:

JetBlue's assets = $7,071 - $1 = $7,070 million

JetBlue's liabilities = $5,314 - $132 = $5,182 million

JetBlue's equity = JetBlue's assets - JetBlue's liabilities = $7,070 - $5,182 = $1,888 million

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gavmur [86]

Answer:

=$350,000

Explanation:

Property, plant, and equipment are the tangible long-term fixed assets of a company. The total of PPE is the sum of all fixed long term assets minus accumulated depreciation.

There are fixed assets hence will appear on the asset side of the balance sheet. For Koonce Office Supplies, PPE will include

Land : $180,000

Buildings: $210,000

Total = $180,000 + $210,000

Total = $390,000

less accumulated depreciation

=$390,000 -$40,000

=$350,000

4 0
3 years ago
A firm expects to pay dividends at the end of each of the next four years of $2.00, $1.50, $2.50, and $3.50. If growth is then e
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Answer:

P0 = $43.96935449 rounded off to $43.97

Explanation:

Using the dividend discount model, we can calculate the price of the stock today. The DDM values a stock based on the present value of the expected future dividends from the stock. The formula to calculate the price of the stock today is,

P0 = D1 / (1+r)  +  D2 / (1+r)^2  +  ...  +  Dn / (1+r)^n  +  [(Dn * (1+g) / (r - g)) / (1+r)^n]

Where,

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P0 = 2 / (1+0.14)  +  1.5 / (1+0.14)^2  +  2.5 / (1+0.14)^3  +  3.5 / (1+0.14)^4  +  

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8 0
2 years ago
Andy’s subordinates say that they love working for Andy because he inspires them to not only believe in the organization but to
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Answer:

Transformational Leader

Explanation:

A transformational leader is someone who inspires and motivates employees to be innovative and create change to help achieve overall success of the business. The leader will encourage workplace ownership and independence in order to make employees feel like they are trusted and their ideas are valuable.

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When such mentoring and training is done, employees not only feel a sense of belongingness and trust in the workplace but are able to feel a sense of achievement, accomplishment and boost in self-esteem.

8 0
3 years ago
2. Cost-plus, target pricing, working backward A-Plus Shed, Inc., manufactures and sells a do-it-yourself storage shed kit. In 2
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Answer:

1. A-Plus shed's operating income in 2012  = $460,000

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1ii Selling price = $2,415

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2. Yes, the company should make the investment. This is because by expending $110,000 on advertising, it will increase the operating income by $1,039,000 .

3. Target variable cost per unit = $2,028.57

Explanation:

Please find attached detailed explanations of the above answers.

7 0
2 years ago
Change theorists and practitioners take an "it depends" approach in which the style of change, especially the style of leadershi
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2 years ago
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