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Greeley [361]
3 years ago
7

A company had the following assets and liabilities at the beginning and end of the current year:

Business
1 answer:
const2013 [10]3 years ago
6 0

Answer:

$32,300

Explanation:

Begining equity = Begining asset - Begining liabilities

                            = $231,000 - $96,500 = $134,500

Ending equity = Ending asset - Ending liabilities

                        = $262,000 - $78,400 = $183,600

We will find the net income for the year using the below formula:

Ending equity = Begining equity + Stock issuance + Net income - Dividend paid, or:

$183,600 = $134,500 + 23,500 + Net income - $6,700.

Solve the above equation we get Net income = $32,300

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How can being part of an organization help you get a job?
lilavasa [31]

Answer:

Involvement with the organization can lead you from a participant role to a work grup role. For example, If a person gets involve as a volunter with a organization teaching kids in developing countries the volunter might become a great professor and the organization might hire him/her as a part of the work group that manage that program.

Another way of getting a job from being part of an organization is belonging to a professional asociation this organization gives status to the profesional and rise the cahnces of being hire.

3 0
2 years ago
The First Bank of Flagstaff has issued perpetual preferred stock with a $100 par value. The bank pays a quarterly dividend of $1
Olegator [25]

Answer:

$56.89

Explanation:

The computation of the current price of this preferred stock is shown below:

= Annual dividend ÷ required rate of return

where,

Annual dividend equal to

= Quarterly dividend × number of quarters in a year

= $1.65 × 4 quarters

= $6.6

And, the required rate of return is 11.6%

Now put these values to the above formula  

So, the price would equal to

= $6.6 ÷ 11.6%

= $56.89

5 0
3 years ago
Higher customer satisfaction and more efficient use of resources are impacts of businesses that operate with a _______
yKpoI14uk [10]

Answer:

customer service motive

5 0
2 years ago
Read 2 more answers
At December 31, 2020 Bramble Corp. had 298000 shares of common stock and 9800 shares of 6%, $100 par value cumulative preferred
Vika [28.1K]

Answer:

the earning per common share is $3.83 per share

Explanation:

The computation of the earning per common share is shown below

= Net income ÷ weighted number of outstanding shares

= $1,143,000 ÷ (298,000 shares)

= $3.83 per share

We simply divided the net income from the  weighted number of outstanding shares so that the earning per share could be determined

hence, the earning per common share is $3.83 per share

5 0
3 years ago
Match each region of Virginia to its main source of income,
Svetach [21]

Answer:

Piedmont   ⇒ government jobs. The northern part of Virginia is loaded with federal government workers and federal agencies. Even though the Piedmont region is much larger, its main source of income comes from government jobs mainly located at the northern part (near Washington D.C.)

Appalachian Plateau  ⇒ coal mining. Coal is one of Virginia's most valuable natural resources and it is mined in the Appalachian Plateau region (west of the state).

Blue Ridge Mountain  ⇒ farming. The major economic activities in the Blue Ridge Mountain region of Virginia include farming, livestock, lumber and tourism.  

Coastal Plain  ⇒ tourism. The main sources of income include tourism, shipbuilding and military contractors.

Explanation:

Principal economic activities there include livestock raising, farming, tobacco growing, and lumber production. Commercial apple orchards are found in Virginia, Maryland, and Pennsylvania. The Blue Ridge is a major East Coast recreation area noted for its resorts and scenery. The Appalachian Trail winds atop the range.

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2 years ago
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