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Oxana [17]
3 years ago
11

Average Common Stockholders' Equity, Return on Stockholders' Equity Rebert Inc. showed the following balances for last year: Jan

uary 1 December 31 Stockholders' equity: Preferred stock, $100 par, 8% $ 4,000,000 $ 4,000,000 Common stock, $3 par 3,000,000 3,000,000 Additional paid-in capital* 4,800,000 4,800,000 Retained earnings 4,000,000 4,250,000 Total stockholders' equity $15,800,000 $16,050,000 * For common stock only. Rebert's net income for last year was $3,182,000. Required: 1. Calculate the average common stockholders' equity. $ 2. Calculate the return on stockholders' equity. %

Business
1 answer:
lisabon 2012 [21]3 years ago
7 0

Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation  

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

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Answer:

Cost of merchandise sold = $ 28

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Explanation:

Given:

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thus,

Cost of merchandise sold = $ 28

Gross profit = Selling price of the unit - Unit price of purchase

or

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now, the ending inventory under the LIFO method = $ 5 + $ 13 = $ 18

4 0
3 years ago
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Business fluctuations are systematic increases and decreases in real GDP. Please select the best answer from the choices provide
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From the subject of economics, specifically macroeconomics,  it says that the statement above is false. <span>Business cycles, not business fluctuations, are systematic increases and decreases in real GDP. Business fluctuations are called unsystematic changes. </span>
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3 years ago
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The First National Bank has total deposits of $675,000 and excess reserves of $22,300. If the required reserve ratio is 9 percen
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Answer: $83050

Explanation:

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2 years ago
Kendra has a difficult project due for her chemistry class next week. What time-wasting activity should she make sure she does n
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2 years ago
In January of 2018, the Phillips Company purchased a patent at a cost of $100,000. In addition, $10,000 in legal fees were paid
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Answer:

The answer is: $113,000

Explanation:

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