Carol takes out an insurance policy on her car. Carol can assign her policy to a third party

Midyear on July 31st, the Baldwin Corporation's balance sheet reported: Total Liabilities of $101.255 million Cash of $8.040 mil

kkurt [141]

Answer:

Stock = 27.629 million

Explanation:

Baldwin Corporation

Balance Sheets

Assets

Cash of $8.040 million

Total Assets $163.111 million

Liabilities and Owner's Equity $163.111 million

Stock 27.629 million

Total Liabilities $101.255 million

Retained Earnings $34.226 million

According to Balance sheet approach total assets must equal total liabilities and Owner's Equity.

Total assets including cash are given which are equal to $163.111 million and when we subtract total liabilities and retained earning from it we get the value of stock.

Stock = Total Assets- Total Liabilities - Retained Earnings

Stock = $163.111 million - $101.255 million-$34.226 million

Stock = 27.629 million

5 0

3 years ago

On July 1, Runner's Sports Store paid $14,000 to Corona Realty for 4 months rent beginning July 1.Prepaid Rent was debited for t

Mariana [72]

The question is incomplete. Choose fron the following;

A)Debit Prepaid Rent, $3,500; Credit Rent Expense, $3,500.

B)Debit Rent Expense, $14,000; Credit Prepaid Rent, $14,000.

C)Debit Rent Expense, $3,500; Credit Prepaid Rent, $3,500.

D)Debit Rent Expense, $14,000; Credit Prepaid Rent, $3,500.

Answer:

The answer is C)Debit Rent Expense, $3,500; Credit Prepaid Rent, $3,500.

Explanation:

The rent expense for the month ending July 31 was 14000/ 4 = $3500.

3 0

3 years ago

Read 2 more answers

Nike inadvertently offended Chinese officials when it ran an ad featuring LeBron James crushing a number of revered Chinese figu

topjm [15]

Answer: culture

Explanation:

Culture is the custom, ideas, and the social behaviour of a particular society. For an organization to develop a marketing strategy that is successful, the organization must consider the cultural influences of the people where a new product will be introduced.

People make decisions on the consumption of a product usually on their cultural influences. The Nike advertisement involving Chinese was an example of cultural influences in marketing strategy.

8 0

3 years ago

A convertible preferred stock is convertible at $10, pays a 4% annual dividend, is callable at $110, and is trading at a current

Leno4ka [110]

Answer:

$11.60

Explanation:

In ascertaining the parity price of the common stock, we need to ascertain the conversion ratio which is the par price of the preferred stock divided by the convertible price

The par value of the preferred stock=$100(since call price is $110)

convertible price=$10

conversion ratio=$100/$10=10

The parity price is the current market price of the preferred stock divided by the conversion ratio

Parity price=$116/10

Parity price=$11.60

4 0

3 years ago

The company can choose to buy a back-up machine for Step C for an additional $20,000. The back up would also have a reliability

Goshia [24]

The complete question is:

A certain company produces 10,000 tables per year in a three-step process. The three steps in the process employ machines with the reliabilities listed here:

Step A - 0.987 Step B – 0.979 Step C – 0.915

Answer:

New reliability= 0.9593 ~ 0.959

Explanation:

Reliability is used in manufacturing process to ensure that a process produces the same level of output consistently. A process is reliable if it achieves the same results everytime.

Reliability can be applied to individuals, data, processes, and products.

In this instance we are to calculate the new reliability of the backup system.

Reliability of step C is 0.915

New reliability= 1 - (1- 0.915)^2

New reliability= 0.992775

Multiply this value by the reliability in step A and B to get system reliability

System reliability= 0.992775 * 0.987 * 0.979

System reliability= 0.9593

7 0

3 years ago