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
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.  

You might be interested in
Beranek Corp has $720,000 of assets (which equal total invested capital), and it uses no debt—it is financed only with common eq
lozanna [386]

Answer:

firm must borrow $288000 to achieve the target debt ratio

Explanation:

given data

assets = $720,000

debt to total capital ratio = 40%

to find out

How much must the firm borrow to achieve the target debt ratio

solution

we get here debt here by Debt to Total capital ratio that is express as

Debt to Total capital ratio = Debt ÷ (  Debt + Equity  )   ....................1

put here value we get debt

0.40 = \frac{debt}{720000}

debt = $288000

so firm must borrow $288000 to achieve the target debt ratio

7 0
3 years ago
On January 2, 2019, Kornis Corporation acquired equipment for $1,500,000. The estimated life of the equipment is 5 years or 90,0
tatiyna

Answer:

D) $600,000

Explanation:

The double-declining-balance method of depreciation = Depreciation factor x cost of asset

Depreciation factor = 2 x (1/useful life of the asset)

Depreciation factor = 2 / 5 = 0.4

Deprecation expense = 0.4 x $1,500,000 = $600,000

I hope my answer helps you

4 0
3 years ago
Read 2 more answers
What type of hazard could occur by wearing jewelry while preparing food
lbvjy [14]

Answer:

it can fall into the food

3 0
3 years ago
Why are we forced to make choices in day-to-day life? we are forced to make choices in day-to-day life because of resources.
rewona [7]
We are forced to make choices in our day to day life because our resources are limited.

An example of this limited resources is our financial resources, we need to work to earn money to buy our necessities to live a comfortable life. Simply put, no work no pay. No pay, no food. No food, no life. So, no choice but work.
6 0
3 years ago
Read 2 more answers
Nash's Trading Post, LLC had an increase in inventory of $88800. The cost of goods sold was $414400. There was a $22200 decrease
makkiz [27]

Answer: $525,400

Explanation:

From the question, we are informed that Nash's Trading Post, LLC had an increase in inventory of $88800, the cost of goods sold was $414400 and that there was a $22200 decrease in accounts payable from the prior period.

Using the direct method of reporting cash flows from operating activities, Nash's's cash payments to the suppliers will be:

= $88,800 + $414400 + $22200

= $525,400

4 0
2 years ago
Other questions:
  • Red Mountain, Inc. has the following information from its payroll records: Salaries and wages earned by employees $ 180,000 Less
    11·1 answer
  • Which one of these statements is correct?
    11·1 answer
  • Income __________ when there is zero beginning inventory and all inventory units produced are sold. will be lower under variable
    5·1 answer
  • On Monday, the seller offers to sell his vacant lot to the buyer for $42,000. On Tuesday, the buyer counteroffers to buy for $40
    9·1 answer
  • Onslow Co. purchased a used machine for $144,000 cash on January 2. On January 3, Onslow paid $10,000 to wire electricity to the
    9·1 answer
  • Strategic management focuses on integrating management, marketing, finance and accounting, production and operations, research a
    7·1 answer
  • Suppose you are committed to owning a $185,000 ferrari. if you believe your mutual fund can achieve an annual return of 10.5 per
    10·1 answer
  • lantwide rate unit cost, using direct labor hours? Relative to the plantwide rate, the cost increased for Form A and decreased f
    12·1 answer
  • What are items such as health insurance, life insurance, sick days, vacation time, and retirement savings called when provided b
    14·1 answer
  • Echota Corporation has the following capital stock outstanding at December 31, 2020: 7% Preferred stock, $100 par value, cumulat
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!