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sergey [27]
3 years ago
8

Compute net income for 2019 by comparing total equity amounts for these two years and using the following information: During 20

19, the owner invested $33,000 additional cash in the business (in exchange for common stock) and the company paid a $36,000 cash dividend.
Equity, December 31, 2018
Equity, December 31, 2019
The accounting records of Nettle Distribution show the following assets and liabilities as of December 31, 2018 and 2019.
December 31 2018 2019
Cash $55,530 $10,900
Accounts receivable 30,142 23,632
Office Supplies 4,755 3,483
Office equipment 145,958 155,473
Trucks 57, 115 66, 115
Building 0 190, 398
Land 0 47,511
Accounts payable 79,245 39,303
Note payable 0 137,909
Business
1 answer:
marishachu [46]3 years ago
3 0

Answer:

net income during 2019 = $109,045

Explanation:

total stockholder equity 2018 = assets - liabilities = $293,500 - $79,245 = $214,255

total stockholder equity 2019 = assets - liabilities = $497,512 - $177,212 = $320,300

change in equity from 2018 to 2019 = $106,045

$33,000 can be explained by additional capital invested, and the remaining  $73,045 corresponds to change in retained earnings

change in retained earnings = net income - dividends distributed

$73,045 = net income - $36,000

net income = $109,045

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To complete the model of international trade using the PPF, we must also use the idea of indifference curves. One of these curve
Ksivusya [100]

Answer:

The answer is "The first choice".

Explanation:

In this model the international exchange, its limitation of output, commonly called PPF, that is just a sequence with products in which the customers want a degree of power is derived from of the set and in other terms indifference from the whole category of products, which is why the set of alternate amounts from both goods (negative slopes) satisfy customers equally.

3 0
3 years ago
A manager can faithfully execute the decision making process but still end up with nothing of value if _________________________
xenn [34]

A) he fails to identify the correct problem

B) he fails to assign number values to different criteria

C) he solves the problem inefficiently

D) he fails to correctly identify the steps of the process

<u>Answer</u>:

A. He fails to identify the correct problem.

<u>Explanation</u>:

for option b, Assigning number values to decision criteria could be of help in the decision-making process, but it is not what is required for a successful outcome.

for option c, Solving the problem inefficiently is not ideal, but even at that, it is not without value.

for option d, Identifying the steps of the process has nothing much to do with how successful the process will be.

<em><u>This leaves us with option A as the correct answer. it is of no good to solve a problem especially if the problem being solves is the wrong one. Solving a wrong problem is of no good to the organization.</u></em>

8 0
2 years ago
An owner of a local salon realized that by decreasing the prices that she charges for haircuts, her revenue has increased. This
STALIN [3.7K]

Answer:

The correct answer is letter "A": ​The demand for her haircuts is elastic.

Explanation:

Elasticity is a feature of certain goods and services that affect their quantity demanded after a change in prices. The price elasticity of demand is calculated by dividing the percentage of change in quantity demanded by the percentage of change in price. Results equal to or greater than one (1) imply the demand for that product is elastic while results lower than 1 means the demand is inelastic.

Thus<em>, if a salon owner realizes her revenue increased after decreasing the haircut prices, it implies the demand for haircuts is elastic.</em>

4 0
3 years ago
Hungry lunch has net income of $73,402, a price-earnings ratio of 13.7, and earnings per share of $.43. How many shares of stock
Degger [83]

Answer: The number of shares outstanding is approximately 170702.32 shares.

We have :

EPS                       $0.43

Net Income       $73,402

The formula for computing EPS is

EPS = \frac{Net Income}{Number of shares outstanding}

Substituting the values from the question in the formula above we get,

Number of shares outstanding = \frac{73402}{0.43}

Number of shares outstanding = 170702.3256

6 0
3 years ago
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The adjustment to record supplies used during the period would​ be:
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