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valentinak56 [21]
3 years ago
10

On January 1, ABC started the year with a $400,000 balance in Retained Earnings and a $550,000 balance in Common Stock. During t

he year, the company reported net loss of $25,000, paid a dividend of $15,000, and issued more common stock for $30,500. What is total stockholders' equity at the end of the year?
Business
1 answer:
Marysya12 [62]3 years ago
7 0

Answer:

The total stockholders' equity at the end of the year is $940,500 ($360,000 +  580,500).

Explanation:

The total stockholders' equity is an element of the balance sheet that comprises retained earnings and share capital (common stock) and share premium. Retained earnings is the accumulation of net income (loss) over the years. The changes in total stockholders' equity at the end of the year are as follows:

ABC

Extract from the statement of changes in equity

                                  Retained earnings             Common stock

Opening balance                $400,000                    $550,000

Net loss                                ($25,000)                                -

Dividend paid                       ($15,000)                                -

Common stock issued                  -                             $30,500

Total stockholders' equity  $360,000                      580,500

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At the beginning of the year, Monroe Company estimates annual overhead costs to be $2400000 and that 300000 machine hours will b
Neko [114]

Answer:

Allocated MOH= $252,000

Explanation:

Giving the following information:

Estimated overhead= 240,000

Estimated machine hours= 300,000

Actual machine hours for the year were 315000 hours.

First, we need to calculate the estimated overhead rate:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate=  240,000/300,000= $0.8 per machine hour

Now, we can allocate overhead:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 0.8*315,000= $252,000

3 0
3 years ago
Shamrock Company had net income of $34,000. The weighted-average common shares outstanding were 8,500. The company declared a $3
Leni [432]

Answer:

d) $4.00.

Explanation:

Net Income = $34,000

Common shares outstanding = 8,500 shares

Earning Per share = Net Income for the period / Common shares outstanding

Earning Per share = $34,000 / 8,500 shares

Earning Per share = $4 per share

The company's earnings per share is $4.

Divided declared has nothing to do in the calculation of Earning per share because we just measure the earning against each share which involves net income and number of outstanding shares only.

3 0
3 years ago
The process of determining the probability that potential customers will not pay is called:
DENIUS [597]

The process of determining the probability that potential customers will not pay is called <u>"credit analysis".</u>


Credit analysis is a sort of analysis an investor or bond portfolio chief performs on organizations or other obligation issuing substances to gauge the element's capacity to meet its obligation commitments. The credit investigation looks to recognize the suitable dimension of default chance related with putting resources into that specific substance.  

The result of the credit analysis will figure out what hazard rating to appoint the obligation guarantor or borrower. The hazard rating, thus, decides if to stretch out credit or advance cash to the obtaining substance and provided that this is true, the sum to loan.

5 0
3 years ago
In 2019, selected automobiles had an average cost of $12,000. the average cost of those same automobiles is now $13,200. what wa
maksim [4K]

The rate of increase for these automobiles between the two time periods is  10%

<h3>What is automobiles?</h3>

Automobile is the wheeled vehicle usually having four wheels and generally used for the transportation purposes. For example :- car, buses, trucks, bike etc.

In the above case, the average cost of the automobile is $12000 in 2009 but now it has increased to $ 13200. For the calculation of the increased rate of the auto mobile following formula is used as follows:-

Increased rate = (current value -Initial value )/current value * 100

                         =( $13,200 -  $12,000)/  $12,000 *100

                          =$1200/ 12000 *100

                          = 10%

                           

Therefore, the rate of the increase for these automobile between 2 periods is 10%.

Learn more about increase rate here:

brainly.com/question/20820218

#SPJ1

5 0
2 years ago
By what method did the Securities and Exchange Commission try to reform the stock market in the 1930s? Nationalizing the New Yor
Zinaida [17]

Answer:

Monitoring all stock transactions

Explanation:

The Securities and Exchange Commission (SEC) is a U.S. regulatory institution responsible for safeguarding resources and the investors, regulating the stock market, and developing and implementing federal securities legislation. The commission was the result of inquiring the cause of the Great Depression and prevent such events in the future. The Securities Act was designed to help deter fraud in securities and provided that investors must provide accurate financial information.

4 0
3 years ago
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