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Marrrta [24]
3 years ago
9

Brown Fashions Inc.'s December 31, 2018 balance sheet showed total common equity of $4,050,000 and 290,000 shares of stock outst

anding. During 2019, the firm had $450,000 of net income, and it paid out $100,000 as dividends. Assume that no common stock was either issued or retired during 2019.
Compute the total book value of equity as at 12/31/2019
Business
1 answer:
gtnhenbr [62]3 years ago
7 0

Answer:I think it would be 1,4568

Explanation:

Hopefully I am right

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Jorge and Fred have a product they would like to sell. They decide to share the risks and profits by forming an unincorporated b
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Breezeless Company produces doors and window frames. It generates profit at $2.00 per door and $1.00 per window frame. Manufactu
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6 0
3 years ago
On January 15, Walton Company sold merchandise on account for $3,000 with terms 3/10, n/30. On January 20, the customer returns
Margaret [11]

Answer:

The amount received in cash is $2,328

Explanation:

The amount which is received in cash is computed as:

On January 20, the amount of $600 goods returns from customer, so the remaining balance is

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= $2,400

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7 0
3 years ago
A prepurchase inspection is different from a pre-sale inspection in there
Luba_88 [7]
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8 0
4 years ago
James owns a vacant property. By law, he can build the following building types, which generate a return on investment as listed
Dima020 [189]

Answer:

Office building

Explanation:

The formula to compute the return on investment is shown below:

Return on investment = Operating Income ÷ Average Operating Assets

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Since the return on investment is already given in the question

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So the office building has a higher return on investment i.e 13.5% which reflects the best for property usage.

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3 years ago
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