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Verizon [17]
3 years ago
5

Gem Corporation is a new company and obtains financing by issuing common stock to investors for $30,000. During the year, Gem ea

rns $8,000 in net income and pays stockholders a dividend of $5,000. What is the total stockholders' equity at the end of the year?
Business
1 answer:
swat323 years ago
3 0

Answer: $33,000

Explanation: In simple words, stockholders equity is that amount of assets in the company, that is not financed by a liability. Thus, we can say that it is the difference between the assets and liabilities of the business.

It can be computed using following formula :-

stockholders equity = issuance of common stock + net income - dividend paid

                                 = $30,000 + $8,000 - $5,000

                                 = $33,000

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never [62]
The democratic style of leadership seeks information, opinions, and preferences, sometimes to the point of meeting with the group, leading discussions, and using consensus <span>or majority vote to make the final choice.</span>
4 0
3 years ago
In many developing countries, the majority of citizens make their living through microenterprises- informal, tiny businesses tha
natita [175]

Answer:

The company provides micro financial services to poor and the needy people having no access to regular banking services

This helps to boost small businesses and financial inclusion which are heart of any economy and vital to the economy and promoting growth.

Possible measures taken by the organization includes providing funds for at lower interest rates and providing credit services. Subsidized credit to deficient areas increases productivity and employment growth by means of boosting the small and medium-sized enterprises.

This may work in poor communities in United States. However in united schemes there are lots of other governmental schemes such as coupons, free food etc program are already running.

However, these programs are also carrying a potential here. But there potential is much greater in poor countries having less developed banking and financial reach.    

Explanation:

6 0
3 years ago
The actual variable cost of goods sold for a product was $140 per unit, while the planned variable cost of goods sold was $136 p
kozerog [31]

Answer:

$326,400 is the variable cost quantity factor while $56,000 is the unit cost factor

Explanation:

The variable cost quantity factor is a measure of the difference between the planned and actual units  multiplied by planned variable cost.  

That is Variable Cost quantity factor = (planned units  - actual units sold) x        planned variable cost

                                                            = (14000-2400) - 14000) x $136

                                                            = (11600 - 14000) x $136

                                                            =  -$326,400

Unit Cost factor = $(140 - 136) x 14000 units

                          =$56,000

3 0
3 years ago
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4 0
3 years ago
Marigold Inc. disposes of an unprofitable segment of its business. The operation of the segment suffered a $192000 loss in the y
Furkat [3]

Answer:

The correct option is b. The income from continuing operations is $1141000.

Explanation:

Based on the information given we were told that the tax rate is 30% while the income before income taxes was $1,630,000 which means that the The income from continuing operations is $1141000 calculated as:

Income from continuing operations=[$1,630,000-(30%*$1,630,000)]

Income from continuing operations=$1,630,000-$489,000

Income from continuing operations=$1,141,000

5 0
3 years ago
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