1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
enot [183]
3 years ago
7

Elston Company compiled the following information as of December 31, 2014:Service Revenue $700,000Common Stock $150,000Equipment

$200,000Operating Expenses $625,000Cash $175,000Dividends $50,000Supplies $25,000Accounts Payable $100,000Accounts Receivable $75,000Retained Earnings, Jan 1, 2014 $375,000Elston's stockholders' equity on December 31, 2014 is
Business
1 answer:
Elden [556K]3 years ago
6 0

Answer:

The Elston's stockholders' equity on December 31, 2014 is $550,000

Explanation:

For computing the stockholder equity, first, we have to find out the ending retained earning balance which equals to

= Beginning retained earning balance + Net income - dividend paid

= $375,000 + $75,000 - $50,000

= $400,000

where,

Net income = Service revenue - operating expenses

                   = $700,000 - $625,000

                   = $75,000

Now the stockholder equity equals to

= Common stock + ending balance of retained earning

= $150,000 + $400,000

= $550,000

You might be interested in
A ___________ is who a creditor may turn the account over to after exhausting its efforts to get a consumer to make past-due pay
dmitriy555 [2]

Answer: collection agency

Explanation:

7 0
2 years ago
List the five factors that affect the labor market.
notka56 [123]
The five major factors are immigration, discrimination, unions, unemployment, and income
7 0
3 years ago
Read 2 more answers
The market for breakfast cereal is currently in equilibrium. Suddenly there is a storm that destroys the wheat that farmers had
lutik1710 [3]

Answer:

C

Explanation:

It will need to decrease Because the wheat is gone, so it decreases the amount of cereal made.

8 0
3 years ago
suppose that the value of an investment in the stock market has increased at an average compound rate of about 5% since 1912. it
Nat2105 [25]

The investments today’s worth is $203001.61.

We have to calculate the future value of the investments. So we can use the formula,

A=P (1+r/100)ⁿ

Where, A stands for future value, P stands for Present value, R stands for Interest rate, n stands for Time period.

Interest rate (r) = 5%= 0.05 and Time period is from 1912 to 2020 so, it is equals to 108 years. (2020-1912year)

On putting the values in the above formula we get,

A = 1000× (1+ 5/100)^108

=1000*203.001612

=$203001.61

The worth of a current asset at some point in the future based on an estimated rate of growth is known as future value (FV). The future value calculation enables investors to forecast, with varying degrees of accuracy, the amount of profit that can be generated by various investments.

Investors and financial planners use the future value to estimate how much an investment made today will be worth in the future. The future value equation is used to assess various possibilities since the growth produced by holding a given amount in cash will probably differ from that produced by investing that same amount in equities.

To learn more about future value, refer this link.

brainly.com/question/24703884

#SPJ4

5 0
2 years ago
At what age does the "settling" process begin with regard to height?
GarryVolchara [31]
Had to look for the options and here is my answer. The age when the "Settling" process starts in relation to height is 55 YEARS OLD. This is the stage of a person when one reaches middle adulthood. The settling process refers to that event when the the bones that are connected to the spinal column reduces its density.
7 0
3 years ago
Other questions:
  • occurs when one supply chain member perceives that another supply chain member is making decisions in a manner that interferes w
    12·1 answer
  • Outsourcing is:
    6·1 answer
  • The managers at Harris Pizza in Boston have tracked the tips received by their drivers along with the total bill to the customer
    12·1 answer
  • What economic factors are reagent in managerial decision making
    15·1 answer
  • State and local crime rates are affected by citizens with gambling addictions.
    8·2 answers
  • Goldin Corporation currently pays its salesperson a flat salary of $5,000 per month and is considering paying him $20 per unit i
    6·1 answer
  • When it comes to saving money, what is a good rule of thumb
    12·2 answers
  • Omar is covered by a disability income policy. he is hurt while performing an occupation more hazardous than the occupation list
    11·1 answer
  • The group within an organization that is responsible for monitoring and evaluating the internal control system is called the
    6·1 answer
  • How are SAE programs expanded and/or diversified?
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!