Answer:
the total stockholder equity is $900,000
Explanation:
The computation of the total stockholder equity is shown below;
= Common stock + paid in capital in excess of par
= $850,000 + $50,000
= $900,000
We simply added these two amounts so that the correct amount could come
hence, the total stockholder equity is $900,000
As these two amount increased the equity
An inner tube for a swimming pool would be in high demand during the summer months, and in incredibly low demand in the winter months.
Answer:
1. $6,000
2. $60
3. $8,180
Explanation:
With the down payment equal to $2,000, amount Lindsay need finance to purchase car would be: $8,000 - $2,000 = $6,000
As Lindsay would pay for a term of 3 years
=> In each year, the amount finance is: $2,000
In one year, with APR = 3%, interest Lindsay has to pay on the loan of $2,000 is: $2,000 x 3% = $60
=> In three years, amount Lindsay pay for interest for the total finance is: $60 x 3 = $180
The actual cost of the car for Lindsay to own:
Actual cost = down payment + finance + interest = $2,000 + $6,000 + $180
= $8,180
Answer:
ToySpot in this scenario is a soft toy retailer; this means it deals with customers directly and at the same location.
