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Mnenie [13.5K]
3 years ago
14

As of December 31, 2021, Warner Corporation reported the following: Cash dividends payable $ 20,000 Treasury stock 600,000 Paid-

in capital—share repurchase 20,000 Common stock and other paid-in capital accounts 4,000,000 Retained earnings 3,000,000 What was shareholders' equity as of December 31, 2021?
Business
1 answer:
kotegsom [21]3 years ago
3 0

The Shareholders' equity as of December 31, 2021 is $6760000

<u>Explanation:</u>

As per the given data in the question:

Calculation of  total Stockholder's equity  is as follows:

Common stock and other paid-in capital accounts (4000000 plus 400000)  = 4400000

Retained earnings (3000000 plus 600000 minus 500000 minus 400000 minus 40000)  = 2660000

Less; Treasury Stock  = -300000

Total Stockholder's equity  = 6760000

Thus, the shareholders equity as of December 31, 2021 is $6760000

The option with $6760000 is the correct option.

Note: the retained earnings were to be calculated using the data in the question

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Income demand curve ? Well I know it probably has something to do with money
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Why does actual group productivity never equal potential productivity?
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The answer to the question is (C) time is lost to coordinating and organizing group members.

Actual group productivity is never quite equal to the expected productivity mainly because there are other processes involved in the team that the team members must do in order to reach the set common goal. Some of these processes usually include determining how to do the work and distributing the assignments to the right person, as well as setting the roles in the team.

4 0
3 years ago
Social capital facilitates _______________. a. how the organization will spend its money b. the decision of whether to adopt a n
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Answer: Option C

 

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7 0
4 years ago
Corey is the city sales manager for RIBS, a national fast food franchise. Every working day, Corey drives his car as follows: Mi
Inessa [10]

Answer:

b.46 miles

Explanation:

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8 0
3 years ago
Assume that the risk-free rate of interest is 5% and the expected rate of return on the market is 17%. A share of stock sells fo
Ugo [173]

Answer:

New price (P1) = $72.88

Explanation:

Given:

Risk-free rate of interest (Rf) = 5%

Expected rate of market return (Rm) = 17%

Old price (P0) = $64

Dividend (D) = $2

Beta (β) = 1.0

New price (P1) = ?

Computation of expected rate on return:

Expected rate on return (r) = Rf + β(Rm - Rf)

Expected rate on return (r) = 5% + 1.0(17% - 5%)

Expected rate on return (r) = 5% + 1.0(12%)

Expected rate on return (r) = 5% + 12%

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Computation:

Expected rate on return (r) = (D + P1 - P0) / P0

17% = ($2 + P1 - $64) / $64

0.17 = (2 + P1 - $64) / $64

10.88 = P1 - $62

New price (P1) = $72.88

7 0
4 years ago
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