1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
dlinn [17]
3 years ago
10

Sheffield Corp. began 2022 with total stockholder’s equity of $1285000, including retained earnings of $928000. During the year,

the company issued $1262000 of common stock, recorded expenses of $3500000, and paid dividends of $242000. If Sheffield's ending retained earnings was $988000, what was the company’s revenue for 2022?
Business
1 answer:
gogolik [260]3 years ago
5 0

Answer:

what was the company’s revenue for 2022?

$3802000

Explanation:

Beginning RE + Net Income (Profit or Loss) – Dividends = Ending RE  

retained Earnings 928000  

begining Equity 1285000  

issued 1262000  

Pid dividens 242000  

 

928000+profit-3500000-242000=988000  

 

Profit=988000-928000+3500000+242000  

 

Revenue=3802000  

You might be interested in
The customer has decided to purchase a home instead of renting. The price of the home is $750,000 and the customer intends to pu
Natasha2012 [34]

Answer:

A. growth stocks and blue chip stocks immediately in the amount of $150,000 to obtain the necessary cash down payment

Explanation:

The customer wouldn't want to get the stock cashed out now, so he doesn't have to worry about the stock or market having a huge decline and so, he can't buy the house.

5 0
2 years ago
Defendant Mcpherson owned property adjacent to the first presbyterian church and wanted to build a gas station on the property.
SCORPION-xisa [38]

The court did not uphold the injunction because the property on which Mcpherson wants to build the Gas station that belongs to Mcpherson has the right to build a gas station on that so Mcpherson challenged this decision any upper court.

<h3>What is an Injunction?</h3>

An injunction is a legal order requiring a person or entity to either cease doing or else start doing some specific action or task.

Thus, in this case, Mcpherson can challenge the lower court's decision in the upper court that prevents him from making a gas station on land that belongs to him.

Learn more about Injunction here:

brainly.com/question/18635611

#SPJ1

5 0
2 years ago
Quantity (Units) Private Value (Dollars) Private Cost (Dollars) External Cost (Dollars)
bija089 [108]

Answer:

c. there is a negative externality.

Explanation:

At the time when one individual actions develops the benefits for others but at the same time they dont pay so it is to be known as positive externality

At the time when one individual action develops loss but the other who received the loss because of the action of the person so for this they didnt get the compensation so it is the negative externality

As we can see that there is three types of values so the correct option is c.  

3 0
2 years ago
How do I view my work schedule Six Flags?
Black_prince [1.1K]

Answer:

you should have an username and password and just log in with six flag . try going to https://six.flag.team

Explanation:

I hope that help you

5 0
3 years ago
The trial balance of Woods Company includes the following balance sheet accounts. Identify the accounts that might require adjus
almond37 [142]

Answer:

The account wise answers are given below

Explanation:

a) Account receivable are adjusted for any doubtful debts and uncollectible accounts from customers.

In this account, the adjusting entry we make as follows

Bad debt Expense        Dr.$$

Provision for Bad debts  Cr. $$

When it is certain that customer will no longer pay the specified amount, the write off entry is made as follows

Provision for Bad Debts    Dr. $$

Accounts Receivable        Cr. $$

b)Prepaid Insurance

It is adjusted when the period for it is paid in advance has lapsed or expired then expense is recorded and prepaid insurance is reduced

The adjusting entry is made as follows,

Insurance Expense   Dr.$$

Prepaid Insurance    Cr.$$

c) & d) Equipment & Accumulated Depreciation

The Assets are adjusted over their useful life for depreciation. When an asset is used during whole year, its cost is reduced and that reduction is recorded as deprecation expense and accumulated depreciation.

The Adjusting Entry is made

Depreciation Expense      Dr. $$

Accumulated Depreciation  Cr. $$

When asset is sold the adjusting entry is made,

Accumulated Depreciation Dr. $$

Asset-Equipment                    Cr. $$

e)Notes Payable & f) Interest payable

These are liabilities. When any expense is accrued and any interest is payable but not paid on loan received is recoded is liability.

The adjusting entry is made,

Interest Expense/Notes Expense   Dr.$$

Interest Payable or Notes Payable  Cr.$$

g) Unearned Service Reveune

It is liability in nature when services are not rendered but amount for those services is paid in advance then its called unearned service revenue.

When those services are actually rendered to customers, the adjusting entry is made,

Unearned Service revenue Dr. $$

Service revenue                    Cr. $$

7 0
3 years ago
Other questions:
  • A narrative report is a type of inspection report that's
    15·1 answer
  • Corporate Communications director Mark Schurman describes how Herman Miller employees are assigned to teams not necessarily high
    12·1 answer
  • In a response to public outcry over the Internal Revenue Service’s (IRS) extent and abuse of power, the Federal government has d
    8·1 answer
  • Which factor should influence the organizational pattern you choose? a. your number of section headings b. all responses are cor
    14·1 answer
  • The financial planning life cycle divides an individual's life into three stages. In stage 2, the focus of individual financial
    13·1 answer
  • As of December 31, 2016, Nala Incorporated reported accounts receivable for $275,000 less allowance for doubtful accounts of $27
    15·1 answer
  • The Don't Tread on Me Tire Company had retained earnings at December 31, 2015 of $202,000. During 2016, the company had revenues
    11·1 answer
  • ______ is a chemical that captures energy for photosynthesis.
    9·1 answer
  • Job A3B was ordered by a customer on September 25. During the month of September, Jaycee Corporation requisitioned $2,700 of dir
    8·1 answer
  • What can accountants do for businesses or individuals?
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!