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vova2212 [387]
2 years ago
10

Exercise 13-11 The following stockholders’ equity accounts, arranged alphabetically, are in the ledger of Eudaley Corporation at

December 31, 2017. Common Stock ($5 stated value) $1,725,000 Paid-in Capital in Excess of Par—Preferred Stock 280,000 Paid-in Capital in Excess of Stated Value—Common Stock 907,000 Preferred Stock (8%, $105 par) 509,250 Retained Earnings 1,180,000 Treasury Stock (10,000 common shares) 120,000 Prepare the stockholders’ equity section of the balance sheet at December 31, 2017.
Business
1 answer:
kvasek [131]2 years ago
3 0

Answer:

Stockholders’ equity

Common Stock ($5 stated value)                             $1,725,000

Preferred Stock (8%, $105 par)                                 $509,250

Paid-in Capital in Excess of Par - Preferred Stock  $280,000

Paid-in Capital in Excess of Par - Common Stock   $907,000

Retained Earnings                                                     $1,180,000

Treasury Stock (10,000 common shares)                <u>($120,000)</u>

Total Stockholders’ equity                                        <u>$4,481,250</u>

Explanation:

Preferred and Common stock are recorded on basis of their par value and Excess to par value separately.

Retained earning is the balance of accumulated earnings after apaying dividends

Treasury stock balance includes the value of own share repurchased by the company. It is a contra equity account and has debit nature.

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Callaway Golf Co. leases telecommunication equipment from Photon Company. Assume the following data for equipment lease form Pho
inessss [21]

Answer:

This lease is  regarded and classified  as Capital lease.

Explanation:

This lease is  regarded and classified  as Capital lease.

Here, Callaway Golf Co. is the body financing the leased asset but the right ownership is with Photon Company.

Now; the present value of future payment is calculated as:

Present value of future payment =[PVA 6%,5 × Annual payment ]+[PVF 6%,5 × Residual value]

=[4.46511 × 31000] +[0.74726 × 15500]

= 138418.27+ 11582.53

= 150000

However the present value of minimum lease payment is equal or more than 90% fair market value ,as such we therefore conclude that this  lease is a capital lease.

3 0
3 years ago
In Poland's free-market, Felix Siemienas is making a fortune in cold cuts. Prices are much higher than formerly. Siemienas says,
rjkz [21]

The correct answer would be, The Law of Demand.

Prices are much higher than formerly. Siemienas says, 'Yes my prices are high, if nobody buys, i bring my prices down. This is the market rule'. This rule best describes The Law of Demand.

Explanation:

In the field of economics, there are two basic concepts of Demand and Supply.

According to The Law of Demand, When the price of the good or service increases, the demand for that product or service decreases, and if price of the good or service decreases, the demand for that product or service increases, keeping all other factors constant.

So this is what Siemienas says that if the demand for his product will decrease, he will decrease the price of the product in order to maintain the sales of his company.

Learn more about The Law of Demand at:

brainly.com/question/1222851

#LearnWithBrainly

3 0
3 years ago
The Sealing Company has 1,500 bonds outstanding that are selling for $1,060 each. The company also has 5,000 shares of preferred
iris [78.8K]

The weight of the common stock as it relates to the firm's weighted average cost of capital is <u>35%</u>.

<h3>What is the weighted average cost of capital?</h3>

The weighted average cost of capital computes a firm's cost of capital based on the firm's average cost of capital from all sources: common stock, preferred stock, bonds, and other forms of debt.

The weight of the common stock can be determined by dividing the common stock market value by the total capitalization from all sources.

<h3>Data and Calculations:</h3>

Outstanding:

Bonds payable = $1,590,000 (1,500 x $1,060)

Preferred stock = $160,000 (5,000 x $32)

Common stock = $936,000 (36,000 x $26)

Total debts and equity = $2,686,000

Weight of common stock = 35% ($936,000/$2,686,000 x 100)

Thus, the weight of the common stock as it relates to the firm's weighted average cost of capital is <u>35%</u>.

Learn more about the weighted average cost of capital at brainly.com/question/14703616

4 0
2 years ago
___________ is a field that promotes a business or a service, helping to build that brand and bring new customers
Alex_Xolod [135]

Answer:

Branding.

Explanation:

Branding is a field that promotes a business or a service. Branding helps business to give voice to their business. It is through branding that customers recognizes your business.

It is branding that sets your company apart from your competitors. Through branding, the business is able to reflect its values, qualities, strengths, and characteristic.

Therefore, the correct answer is branding.

5 0
3 years ago
On December​ 31, Sulfur Corporation has the following data​ available: Net Income $ 140 comma 000 Market price of one share of c
GarryVolchara [31]

Answer:

Earnings per share

= <u>Net income - Preferred dividend</u>

 No of common stocks outstanding

= <u>$140,000 - $40,000</u>

   300,000 shares

= $0.33 per share

Price-earnings ratio

= Market price per share

 Earnings per share

=  <u>$6.00</u>

   $0.33

= 18

Explanation:

There is need to calculate earnings per share, which is net income minus preferred dividend divided by number of common stocks outstanding at the end of the year. Finally, we will calculate price-earnings ratio, which is the ratio of market price per share to earnings per share.

7 0
3 years ago
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