Answer:
A. $86,900
Explanation:
Henry’s capital account will be credited by the amount of $86,900. See computation below.
Cash $57,300
Equipment 34,100
Inventory 10,400
Note payable (14,900)
————
Total $86,900
*Both the equipment and the inventory will be recorded on partnership’s book at fair market value at the time of contribution.
*The partnership may absorb the obligation if it is associated with an asset contributed by partner. Thus, it will be deducted to his capital account as contribution to the partnership.
Assets and total equity will both be decreased is When the stockholders receive a dividend, how would this affect the equity of a business.
<h3>Who are the stockholder?</h3>
Stockholders are the people who have purchased the stocks and have invested in the particular firm, they are the people. The stockholders hold some of the share of any company, which they can sell or purchase anytime.
Thus, Assets and total equity will both be decreased is When the stockholders
For more details about Stockholders, click here:
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Answer:
1. The company's profit margin is 13.4% percent.
profit margin = net income / net sales = $45,064 / $336,329 = 13.4%
2. The total asset turnover is 0.82 times.
asset turnover ratio = net sales / average assets = $336,329 / [($387,891 + $432,000)/2] = $336,329 / $409,945.50 = 0.82
3. The equity multiplier is 1.7 times.
equity multiplier = average total assets / average total equity = $409,945.50 / [($205,936 + $275,000)/2] = $409,945.50 / $240,468 = 1.70
4. Using the Du Pont Identity, the company's ROE is 18.68% percent.
ROE = profit margin x asset turnover x equity multiplier (or financial leverage) = 0.134 x 0.82 x 1.7 = 0.1868 = 18.68%
Im guessing the 3rd or the first Idunno
Answer: $1,306,800
Explanation:
In answering this question, we look at how much of that income, Cullumber still had on hand and then take the proportion that belongs to Dexter.
Cullumber Corporation earns $840,000 and pays cash dividends of $300,000 during 2021.
That means that after paying the dividends they are left with,
= 840,000 - 300,000
= $540,000
Now, Dexter owns 4200 out of 10,000 shares. That means they own,
= 4,200/10,000
= 42% of Cullumber Corporation stock.
If they own 42% of the stock, they are entitled to 42% of the income so,
= 42% * 540,000
= $226,800
Now we then add this figure to the opening balance,
= $1,080,000 + $226,800
= $1,306,800
$1,306,800 is the amount Dexter should show in the investment account at December 31, 2021.
