Answer:
b. $2,430,000
Explanation:
The computation of the total stockholder's equity is shown below:
= Common Stock + Paid-In Capital in Excess of Par + Retained Earnings - Treasury Stock
= $1,800,000 + $120,000 + $570,000 - $60,000
= $2,430,000
While computing the total stockholder equity, we deducted the treasury stock as it reduces the balance of equity whereas other items increase the balance of the equity, so we added it.
Hence, all other options are wrong except b. option
By providing a means for reliable transportation, the railroads made the regular shipping of manufacturing supplies and manufactured goods in mass quantities possible.<span> As a result, the railroads laid the groundwork for the Industrial Revolution through providing a foundational need in the development of industry.</span>
Answer:
Total owner’s equity = $23,000
Total liabilities =$50,000
Investment by owner = $20,000
Explanation:
We use the accounting equation which is presented below:
Total assets = Total liabilities + owners equity
At the beginning of the year
The owner equity would be
= Total assets - total liabilities
= $85,000 - $62,000
= $23,000
At the end of the year
The total liabilities would be
= Total assets - total owners equity
= $110,000 - $60,000
= $50,000
The investment by owner would be
= Ending balance of owners equity + drawing - opening balance of owners equity + total expenses - total revenues
= $60,000 + $18,000 - $23,000 + $140,000 - $175,000
= $20,000
This is because the unemployment rate give only takes into account people that are unemployed and are looking for work. It does not account for those that are unemployed and have given up.
ex) A woman who looses her job because of technological advances is looking for work and is considered unemployed (taken into account), however a man who has tried looking for work after he was laid off has given up (not counted)
ex) A woman lost her job during the depression and cant seem to get a job with her limited skills. She has given up and is not counted in the unemployment rate
