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4 years ago

The following information pertains to Bridgeport Co.:

Business

1 answer:

kow [346]4 years ago

5 0

Answer:

A. Total amount of stockholders' equity in the balance sheet.

= Preferred stock + Common Stock + Additional Paid-In Capital + Unappropriated retained earnings + Retained earnings appropriated for contingencies - Treasury stock

= (100 * 10,000) + (10 * 140,000) + 500,000 + 280,000 + 300,000 - 250,000

= $‭3,230,000‬

B. Earnings per share of common stock.

= (Net Income - Preferred Dividends ) / (Common stock - treasury stock)

= (580,000 - (10,000 * 6% * 100) ) / (140,000 - 10,000)

= $4

C. Book value per share of common stock.

= (Stockholder's equity - Preferred stock) / ( Common stock - Treasury)

= (3,230,000 - (100 * 10,000) ) / (140,000 - 10,000)

= $17.15

D. Payout ratio of common stock

= Dividend per share/ Earnings per share

= 1.8/4

= 45%

E. Return on common stock equity

= (Net Income - Preferred Dividends ) / (Stockholder's equity - Preferred stock)

= (580,000 - (10,000 * 6% * 100) / (3,230,000 - (100 * 10,000) )

= 0.233

= 23.3%

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Individual credit card balances for a decedent are listed on which schedule of form 706?

lozanna [386]

<span>Individual credit card balances for a decedent should be listed on Schedule K of form 706. Schedule K includes the debts of the decedent, including unpaid credit card bills, mortgages, liens, and other debts. A credit card balance belongs with these debts.</span>

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3 years ago

Daniel, a recent college graduate, is on his way home for the Christmas holidays from his new job. He is caught in a snowstorm a

jok3333 [9.3K]

Answer:

Case summary:

D is a college alum gets trapped in a blizzard on his way home. He was furnished with nourishment and haven by an old couple and he returned home once the climate was clear. D's dad F guaranteed the couple to pay $500 recorded as a hard copy for their assistance and the couple acknowledged. In any case, as D and F had contrasts later, F denied paying that sum.

Case investigation:

Thought: Consideration is the advantage or worth got by the gathering for satisfaction of their guarantee. On the off chance that there is no thought, the agreement isn't enforceable. Following are the components of thought:

Lawfully adequate worth: The thought ought to have some an incentive under the lawful arrangements.
Dealt trade: The thought ought to give the chance to deal between the gatherings. It implies one gathering should return something of significant worth to the next gathering for execution of that party.

For instance, an individual A guarantees B that he would pay $1,000 for driving him to chip away at that day. Here. An is paying $1,000 for B as an arrival for driving him to work (execution).

A guarantees him to give him a vehicle as he was graduated. It isn't thought since B didn't vow to perform anything. It is only a present for B from A.

Past Consideration: The guarantees which were made by a gathering for the presentation of activities in past by another gathering are unenforceable. As there is no anticipated trade component, it is no thought.

Right now, old couple gave haven to D. They neither guarantee D to give cover nor bartered that he ought to give them something to return.

F guaranteed them to pay $500 as a demonstration of thankfulness for their assistance yet it is a present for their assistance in past. In this way, it isn't past thought.

Consequently, the couple can't hold F at risk for making the installment for giving haven to his child.

8 0

3 years ago

Fried donuts has sales of $764,900, total assets of $687,300, total equity of $401,300, net income of $68,200, and dividends pai

Tomtit [17]

Internal growth rate = Net income / Total Assets
Net income = $68,200
Total assets = $687,300
Internal growth rate
= $68,200 / $687,300
= 0.099228 x 100%
= 9.92 %
Fried Donuts has an internal growth rate of 9.92%.

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4 years ago

A tax of €1.00 per litre on petrol

Anni [7]

Answer:

The correct answer is option a.

Explanation:

If a tax worth €1.00 per liter on petrol is imposed it will create a tax wedge of €1.00 between the price the buyers pay and the price the sellers receive.

A tax wedge can be defined as the deviation from the equilibrium price and equilibrium quantity due to the imposition of taxes.

When a tax is imposed on a product, the consumer and producer both have to share the tax burden. The price paid by the consumers increases and the price received by gets reduced.

The quantity of product gets reduced as well.

3 0

4 years ago

Suppose the government of Russia runs a budget deficit. This will result in:

adoni [48]

Answer:

D. an increase in interest rates in Russia and a decrease in the value of the ruble relative to other currencies.

Explanation:

In case the government of Russia runs a budget deficit , there will be inflationary pressure because budget deficit will be met by printing of currency . Inflationary pressure will drive interest rate high which will adversely affect the value of currency in international market. So the value of ruble will decrease relative to other currency .

Option D is correct .

8 0

3 years ago