Answer:
Net Income = $5,000
Stakeholder's Equity = $23,000
Explanation:
Net Income
Revenue $14,000
-Expenses <u>$9,000</u>
=Net income $5,000
Assets = $50,000
Liabilities = $27,000
Accounting Equation:
Assets = Stockholder's equity + Liabilities
$50,000 = Stockholder's equity + $27,000
Stockholder's equity = $50,000 - $27,000
Stockholder's equity = $23,000
Net income of Eagle Corp. is $5,000 and Stockholder's equity is $23,000.
I believe the answer is <span>rent ceilings reduce the quantity and quality of available housing
Rent ceiling refers tot he maximum amount of Rent Payment that could be used in a certain area.
When apartment of owners are required to put rent ceiling, they tend to cover up the profit in any other way (such as reducing the service of the housing or using cheap materials to arrange the furnitures)</span>
Answer:
(a) 15.46%
(b) $11,904.11
(c) 6.15%
Explanation:
(a) Sustainable growth rate:
= 29.32%
Retention Ratio = 1 - Dividend Payout
![=1-[\frac{9,400}{17,300}]](https://tex.z-dn.net/?f=%3D1-%5B%5Cfrac%7B9%2C400%7D%7B17%2C300%7D%5D)
= 45.66%
= 0.15446
= 15.46%
(b) Additional borrowing:
New Total Asset = (Total debt + Total equity) × (1 + Sustainable growth rate)
= (77,000+59,000) × (1 + 15.46%)
= 157025.4
= $88904.11
Increase in Borrowing = New debt - old debt
= $88,904.11 - $77,000
= $11,904.11
(c) Internal growth rate:
= 12.72%
= 0.0615
= 6.15%
Answer:
Explanation:
The journal entry is shown below:
Cash A/c Dr $51.75 (3 Million × $17.25)
To Paid-in capital in excess of par value A/c $51.60
To Common shares A/c $0.15 (3 Million × 0.05)
(Being the sale of shares is made)
The remaining balance is credited to the Paid-in capital in excess of par value i.e $51.60 ($51.75 - $0.15)
All the amounts are in million
