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
Solnce55 [7]
3 years ago
14

Consider the following simplified financial statements for the Yoo Corporation (assuming no income taxes):

Business
1 answer:
VashaNatasha [74]3 years ago
5 0

Answer:

These are the new and reconciled statements

Explanation:

First, we have to design the original statements this way:

Yoo Corporation

Income statement

Sales                    45.700

Costs        40.100  

Net income 5.600  

<em>Total       45.700     45.700 </em>

Yoo Corporation

Financial position statement

Assets    21.900  

Debt                 5.900

Equity                16.000

<em>Total    21.900       21.900 </em>

Now we can create the new statements multiply every item by 1,06 or 106% to include the increase of 6 percent

Yoo Corporation

Income statement

Sales                  48.442

Costs        42.506  

Net income  5.936  

<em>Total        48.442 48.442 </em>

Yoo Corporation

Financial position statement

Assets                         23.214  

Debt    6.254

Equity  16.960

<em>Total         23.214 23.214 </em>

You might be interested in
An analysis of stockholders' equity of Hahn Corporation as of January 1, 2020, is as follows: Common stock, par value $20; autho
Oksana_A [137]

Answer:

$905,000

Explanation:

Calculation to determine what should Hahn report at December 31, 2020, as total additional paid-in capital

Total Additional Paid-in capital=$900,000 + (2,000 × $5) –[(2,500-2,000)× $10]

Total Additional Paid-in capital=$900,000 + (2,000 × $5) – (500 × $10)

Total Additional Paid-in capital=$900,000 + $10,000-$5,000

Total Additional Paid-in capital = $905,000

Therefore The amount that Hahn should report at December 31, 2020, as total additional paid-in capital is $905,000

5 0
3 years ago
Briggs and stratton is a southeastern company that makes small engines. the company is looking at customer trends, its competito
Fynjy0 [20]

Briggs and Stratton seem to be completing a SWOT analysis

Strengths

Weaknesses

Opportunities

Threats

6 0
4 years ago
On January 1, 2015, the company purchased equipment that cost $10,000. The equipment is expected to be worth about (or has a sal
anzhelika [568]

Answer:

1    

Dr Fixed asset equipment_________$10000    

Cr Cash_______________________________$10000    

purchased equipment    

   

2    

Dr Depreciation expense____________$1800    

Cr  Acummulate Depreciation_______________$1800    

Anual depreciation    

Explanation:

1    

Dr Fixed asset equipment_________$10000    

Cr Cash_______________________________$10000    

purchased equipment    

   

2    

Dr Depreciation expense____________$1800    

Cr  Acummulate Depreciation_______________$1800    

Anual depreciation    

5 0
3 years ago
The fact that universal technical standards for the internet and electronic commerce exist lowers ________ costs, making it chea
olasank [31]

The fact that universal technical standards for the internet and electronic commerce exist lowers market entry costs, making it cheaper for merchants to sell their goods.

The universal technical standards of the web and e-commerce greatly lower market entry costs- the value merchants must pay simply to bring their goods to promote.

At the same time, for consumers, universal standards reduce search costs- the hassle required to seek out suitable products when businesses sell products, services or information to consumers.

Internet technology reduces information costs and raises quality of knowledge, enabling price transparency (the ease for consumers of finding a spread of prices) and price transparency (the ability of consumers to work out the particular costs of products). data to execute these transactions.

As social bookmarking systems are growing in popularity, search algorithms are developed that transfer the concept of link-based rankings within the Web to a social bookmarking system's organization. These rankings differ from traditional program rankings therein they incorporate the rating of users.

A universal standard means the standards that are shared by all nations round the world. The universal technical standards of e-commerce are a greatly lower market entry cost, which suggests the merchants must pay the prices of the products that they create to the market.

learn more about universal standard: brainly.com/question/14971225

#SPJ4

3 0
2 years ago
Personal Consumption Expenditures$4,500 Consumption of Fixed Capital150 Gross Private Domestic Investment800 Government Purchase
Natali [406]

Answer:

The GDP in this economy is $6,230 billion.

Explanation:

The GDP can be calculated using the following formula:

Y = C + I + G + (X - M) ....................................... (1)

Where:

Y = GDP of the economy

C = Personal Consumption Expenditures = $4,500

I = Gross Private Domestic Investment = $800

G = Government Purchases = $950

X = Exports = $65

M = Imports = $85

Substituting the values into equation (1), we have:

Y = $4,500 + $800 + $950 + ($65 - $85)

Y = $6,250 - $20

Y = $6,230

Since the figures are in billions of dollars, the GDP in this economy is therefore $6,230 billion.

8 0
3 years ago
Other questions:
  • Ella had been using an imported brand of shampoo for several years, but she could no longer find it anywhere. As she was conside
    7·1 answer
  • Your firm is contemplating the purchase of a new $485,000 computer based order entry system. The system will depreciate straight
    13·1 answer
  • A _____ should measure 4 inches high, with no more than 1/4 inch clearance above the floor surface
    8·1 answer
  • Peter consumes no commodities other than Miller Lite and Bud Light. His annual budget for these two commodities is described by
    8·1 answer
  • E-85 __________A) was an international summit of 85 nations that met to restrict greenhouse gas emissions B) was an internationa
    6·1 answer
  • A worker age 40 wishes to accumulate a fund for retirement by making deposits of $1000 at the beginning of each year for 25 year
    8·1 answer
  • The demand for reserves increases as the price level rises because
    14·1 answer
  • The Fama-French 3 factor model contains... Group of answer choices market, momentum, and liquidity risk factors none of the answ
    13·1 answer
  • Early in the year, Marlon was in an automobile accident during the course of his employment. As a result of the physical injurie
    10·1 answer
  • John taylor's rule of thumb builds on the belief that in order to help the economy to produce at potential output, central banks
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!