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BabaBlast [244]
3 years ago
14

Beginning stockholders' equity was $120,000. Ending stockholders' equity was $195,000. Additional issuances of capital stock dur

ing the year amounted to $18,000. Dividends during the year amounted to $12,000. How much was net income for the year?
Business
1 answer:
slamgirl [31]3 years ago
6 0

Answer:

The net income for the year is $ 69,000.

Explanation:

This question requires us to find net income for the year. The equity in balance sheet comprises of common stock, reserves and retain earning etc. So net income will be determine in the following way

Opening equity +addition in equity + net income = closing equity + dividend

120,000 + 18,000 + net income = 195,000 + 12,000

Net income = $ 69,000

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Answer:

The correct answer is letter "C":  SWOT analysis.

Explanation:

The SWOT (<em>Strengths, Weaknesses, Opportunities, and Threats</em>) analysis is a study that aims to identify the internal and external components that can drive a company to success or failure. Internal components are represented by the strengths and weaknesses of the firm while the external factors are represented by opportunities and threats.

Identifying such company factors allows entities of taking action on time and taking advantage of the chances the market can provide. Usually, these factors are recognized during the project planning stage of the enterprise.

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3 years ago
A company sells electronics and with a warranty attached and estimates that they will experience an estimated 5% of sales for wa
eimsori [14]

Answer:

b. debit warranty expense $10,000; credit estimated warranty liability $10,000

Explanation:

The journal entry to record the estimated warranty expense is shown below:

Warranty Expense  Dr $10,000  ($200,000 × 5%)

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(being the warranty expense is recorded)

Here the warranty expense is debited as it increased the expense and credited the estimated warranty liability as it also increased the liability

Therefore the option b is correct

7 0
3 years ago
A(n) ____ goal for a waste management plant could be to "identify barriers to recycling as well as means to overcome those barri
OleMash [197]

Answer:

Tactical.

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Strategic goals are utilized to characterize tactical goals, which demonstrate the particular accomplishment destinations of every office and division in the organization. The most profitable tactical goals will lead straightforwardly to the achievement of strategic goals.

7 0
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Someone who is risk averse has a general dislike for risk and a preference for certainty. If risk aversion exists in the market,
Slav-nsk [51]
The correct answer is true
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A not-for-profit firm uses a small convenience sample to gather data on customer reactions. It invites a small group of customer
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Answer:

D. informal surveys is the correct answer

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