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Darina [25.2K]
3 years ago
5

Culver Corporation’s adjusted trial balance contained the following accounts at December 31, 2020: Retained Earnings $122,300, C

ommon Stock $758,700, Bonds Payable $108,400, Paid-in Capital in Excess of Par-Common Stock $208,400, Goodwill $60,900, Accumulated Other Comprehensive Loss $153,200, and Noncontrolling Interest $36,200. Prepare the stockholders’ equity section of the balance sheet.
Business
1 answer:
Harrizon [31]3 years ago
6 0

Answer:

             Culver Corporation

Balance sheet as on December 31, 2017

Equity

Common Stock                                                      $758,700

Paid-in Capital in Excess of Par-Common Stock $208,400

Non-controlling Interest                                         $36,200

Retained Earnings                                                  $122,300

Accumulated Other Comprehensive Loss           <u>$153,200</u>

Total Equity                                                            <u>$1,278,800</u>

Explanation:

Equity accounts includes all the paid-in capital account common at par and excess of par and retained earning, non controlling interest and accumulated other comprehensive account.

The following account are non equity accounts, so these are not added to equity section of balance sheet.

Bonds Payable $108,400

Goodwill $60,900

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The following information relates to Conejo Corporation for last year: Book value per share $ 40 Par value per share $ 12 Divide
Ede4ka [16]

Answer:

price earning ratio = 2

Explanation:

given data

Book value = $40 per share

Par value = $12 per share

Dividends =  $5 per share

Dividend payout ratio = 20 %  

Dividend yield ratio =  10 %

solution

first we get here market price per share by dividend yield ratio that is express as

dividend yield ratio = Dividends per share ÷ market price per share    ........................1

put here value we get

market price per share = \frac{5}{0.10}

market price per share = $50

and

now we get earning per share  by dividend payout ratio that is express as

dividend payout ratio  = dividend per share ÷  earning per share    .................................2

put here value we get

earning per share  = \frac{5}{0.20}

earning per share  = $25

so now we get here price earning ratio that is

price earning ratio = market price per share ÷ earning per share ..........................3

put here value we get

price earning ratio = \frac{50}{25}

price earning ratio = 2

4 0
3 years ago
If the supply of a product increases, then we would expect equilibrium pricea.to increase and equilibrium quantity to decrease.
azamat

Answer:

The correct answer is option d.

Explanation:

An increase in the supply of a product will cause the supply curve to shift to the right. This rightward shift will cause the demand curve and supply curve to intersect at a lower price.

This will cause the quantity demanded of the product to increase and the price of the product to decrease.

A decrease in the supply will cause the quantity demanded to decrease and price to increase.

The effect of supply increase is indicated through the given figure.

5 0
3 years ago
A revenue tariff is designed to assist more efficient domestic producers, whereas a protective tariff is designed to promote imp
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Answer:

False

Explanation:

Revenue tariff means increasing earnings. It will raise government revenue instead of protecting domestic ventures. It is a direct income in the form of tax to obtain from corporate revenues.

On the other hand, protective tariffs are designed to protect domestic producers. It protects local manufacturers by imposing a heavy duty on imported products, which enables the products to become less attractive. Therefore, the aim is to reduce imports.

6 0
3 years ago
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What was the approximate time period of the sales era?
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In addition to the positive welfare effects that free trade has on an economy, there are a variety of other benefits of internat
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Increased competition.

Answer: Option 3.

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Free trade is the trade of goods and services from one country to the other country without any boundations and without any restrictions. As a result of the free trade, the consumers have more variety of a particular good in the market.

In this particular case, since Rooby is no longer the only producer of this particular because of the free trade in the market, he can not charge too high for a particular good and it increases the competition between the producers.

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