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
Tatiana [17]
3 years ago
6

Zapper has beginning equity of $293,000, net income of $69,000, dividends of $58,000 and stockholder investments of $24,000. Its

ending equity is:
Business
1 answer:
Yuki888 [10]3 years ago
8 0

Answer:

$328,000

Explanation:

As we all know that:

Ending Equity = Opening Equity + Share Issues + Net Income – Net Loss – Dividends Paid

Here,

Opening Equity is $293,000

Money raised through Shares Issuance was $24,000

Net Income would be $69,000

Dividends paid were $58,000

There were no losses as their is Profit for the year (Net Income).

By putting values, we have:

Ending Equity = $293,000  +  $24,000   +  $69,000   -  $58,000

= $328,000

You might be interested in
Suppose the mean gpa of all students graduating from a particular university in 1975 was 2.30. the registrar plans to look at re
coldgirl [10]
My notation would be myx = M(XC+%) and the mean is Summat.
4 0
3 years ago
Kim is trying to decide whether she can afford a loan she needs in order to go to chiropractic school. Right now Kim is living a
IgorLugansk [536]

Answer:

Debt to income ratio is all your debt payments divided by all the money you earn during a month. Generally you are considered to be in good financial shape when your debt to income ratio is less than 20%, if it's less than 10% it is even better.

Kim's gross income = $1,230 - $165 (taxes) = $1,065

Kim's total debt payments without new debt = $134 (credit card payments)

Kim's total debt payments including new debt = $134 + $172 (new debt) = $306

Kim's debt to income ration without new debt = $134 / $1,065 = 12.58%

Kim's debt to income ration with new debt = $306 / $1,065 = 28.73%

Currently Kim's debt to income ratio is only 12.58% which is very good, but if she takes the new loan then her ratio will increase to 28.73% which is extremely high and not prudent.

3 0
3 years ago
Knight Company reports the following costs and expenses in May.
Marina86 [1]

Answer:

A. Consider all indirect manufacturing costs

B. Consider all manufacturing costs

C. Consider non manufacturing costs

Explanation:

A) Manufacturing overhead.

Consider all indirect manufacturing costs

B) Product costs.

Consider all manufacturing costs

C) Period costs.

Consider non manufacturing costs

4 0
3 years ago
Which of the following formulas is used to compute the accounting rate of return?
tekilochka [14]

Answer:

Option (A) is correct.

Explanation:

Accounting rate of return is determined to take the efficient business decision related to the capital budgeting and it tell us whether to accept the proposal or not. The following is the formula:

Accounting rate of return = (Average Income ÷ Initial Investment)

For example:

Net profit for 3 years are as follows:

2012 - 13 = $50 million

2013-14 = $100 million

2014-15 = $150 million

Initial investment = $200

Average profit = ($50 + $100 + $150) ÷ 3

                        = $100

Accounting rate of return = (Average Income ÷ Initial Investment)

                                          = $100 ÷ $200

                                          = 0.5 or 50%

5 0
3 years ago
Two stockbrokers, in clear violation of the rules of their employer, sold worthless stocks to unsuspecting customers. There was
ZanzabumX [31]

Answer: Yes they did.

Explanation:

Apparent Authority refers to a scenario where a Agent is assumed to have the power to act on behalf of a Principal regardless of if said authority had not being expressly given whether implicitly or otherwise.

It is worthy of note that this power is only valid if the third party in the transaction assumes from the conduct of the agent, that they have such powers to act.

It is stated in the text that there was no question that the brokers had the actual or implied authority to sell the stock meaning that the Principal had not done enough to show that the agents did not have the Authority to act as they did. For this reason, they can indeed be sued under the Principle of Apparent Authority.

7 0
3 years ago
Other questions:
  • Proponents of corporate social responsibility (csr) strongly believe in benevolence; however, they still want their businesses t
    11·1 answer
  • Stanford Rosenberg Computing wants to establish an assembly line for producing a new product, the Personal Digital Assistant (PD
    10·1 answer
  • AirStep Shoe Company has two retail stores, one in Gainesville and the other in Orlando. The Gainesville store had sales of $165
    13·1 answer
  • With regard to the OIP,Multiple Choice
    10·1 answer
  • Stocks with higher than average potential to increase in value are referred to as
    13·1 answer
  • Assume that a bond makes 10 equal annual payments of $1,000 starting one year from today. The bond will make an additional payme
    6·1 answer
  • The real costs of quality:A. are incurred in the quality control department. B. are frequently overstated in an organization. C.
    15·1 answer
  • Designing a car is expensive and time-consuming even with the use of computers because of the difficulty of getting all the vari
    6·1 answer
  • MC Qu. 98 Garcia Corporation's April sales forecast... Garcia Corporation's April sales forecast projects that 6,100 units will
    9·1 answer
  • In a dbr​ system, the mechanism that controls the rate at which the bottleneck dictates the throughput of the entire plant is ca
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!