The Shareholders' equity as of December 31, 2021 is $6760000
<u>Explanation:</u>
As per the given data in the question:
Calculation of total Stockholder's equity is as follows:
Common stock and other paid-in capital accounts (4000000 plus 400000) = 4400000
Retained earnings (3000000 plus 600000 minus 500000 minus 400000 minus 40000) = 2660000
Less; Treasury Stock = -300000
Total Stockholder's equity = 6760000
Thus, the shareholders equity as of December 31, 2021 is $6760000
The option with $6760000 is the correct option.
Note: the retained earnings were to be calculated using the data in the question
The main government restrictions on sole proprietorship are as follows:
1.The zoning laws that are put in place specifies the areas of a city or a country where various types of business activities can be pursued.
2. Sole proprietorship has to obtain city or country license before they can operate their businesses.
3. Professional sole proprietorships such as doctors must be licensed by the state.
Answer:
The correct answer is C.
Explanation:
Giving the following information:
Production and sales estimates for April are as follows: Estimated inventory (units), April 19,000 Desired inventory (units), April 30 18,000 Expected sales volume (units): Area 3,000 Area 4,750 Area 4,250
Production:
Sales= 12,000
Ending inventory= 18,000
Beginning inventory= (19,000)
Total= 11,000 units
Answer:
The answer is by charging lower price on remaining three ticket (any ticket price above $0)
Explanation:
As company is not giving any refreshment so it not incurring any variable cost. So here sales is equal to contibution and every single dollar revenue generated is a contribtion towards fixed cost and targeted profit. So by decreasing sale price on remaining tickets company will be able to sell them and this sale will result in more profit to the company.
Answer: The fair market value of the free tour to Costa Rica is a taxable income.
Professor Vanessa Lazlo won the free tour in a draw, where a prize is awarded by chance.
Publication 525 of the IRS defines taxable and non taxable income.
The IRS lists winnings from raffles and lotteries under Other income.
It also declares that the fair market value of winnings from raffles and lotteries are winnings from gambling. Hence the fair market values of non cash prizes are taxable and must be included as income.