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alexira [117]
3 years ago
7

A company reported total stockholders' equity of $340,000 on its balance sheet dated December 31, 2018. During the year ended De

cember 31, 2019, the company reported net income of $40,000, declared and paid a cash dividend of $8,000, declared and distributed a 10% stock dividend with a $10,000 total market value, issued additional common stock for $60,000, and paid $12,000 to purchase treasury stock. What is total stockholders' equity as of December 31, 2019
Business
1 answer:
Digiron [165]3 years ago
3 0

Answer:

$420,000

Explanation:

According to the question for computation of total stockholders' equity first we need to find out the addition to retained earning during 2019 which is shown below:-

Addition to retained earnings during 2019 = Net income - Cash dividend - Stock dividend

= $40,000 - $8,000 - $10,000

= $22,000

Total stockholders equity at December 31, 2019 = Stockholders equity, December 31, 2018 + Addition to retained earnings during 2019 + Stock dividend + Issue of new common stock - Purchase of Treasury stock

= $340,000 + $22,000 + $10,000 + $60,000 - $12,000

= $432,000 - $12,000

= $420,000

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Answer:

yes, of course they do

Explanation:

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4 0
3 years ago
Which of the following would be considered a physical contaminant?
Cloud [144]

Answer:

Packaging staple is the correct example of physical contamination.

Explanation:

Physical contamination generally occurs in food when any foreign objects mostly hard and sharp objects that may result in injuries like choking, dental damage, and sometimes even death. Here, the packaging staple is a physical contaminant.

Other types of contamination are biological contamination and chemical contamination that occurs due to biological and chemical activities. The virus in a hamburger is an example of biological contamination, whereas, sanitizer residue and ice on frozen fish are examples of chemical contamination.

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4 years ago
A company uses direct labor costs as it allocation base. Management estimates the company will incur $150,000 of direct labor co
kumpel [21]

Answer:

133.33%

Explanation:

The computation of the predetermined overhead rate is shown below:

Predetermined overhead rate = Total overhead cost ÷ direct labor cost

where,

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So, the predetermined overhead rate is

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7 0
3 years ago
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Answer: Organizing

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Controlling: This includes staffing and training. Employees are subjected to training and development for efficient and effective results. Hiring the right employee for the right position.

Organizing: This is the hierarchy within the organization. Chain of Command that needs to be followed. Over here, Shondra sits in the top of the chain where only top managers report to her. Top managers are in the middle of the chain. Whereas, others below top managers would report to the Human Resources Department.  

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3 years ago
Which of the following competitive forces brings low prices, high costs, and low profits?
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Im not sure but i think C

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4 years ago
Read 2 more answers
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