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OverLord2011 [107]
2 years ago
7

Owner made no investments in the business, and no dividends were paid during the year. Owner made no investments in the business

, but dividends were $700 cash per month. No dividends were paid during the year, but the owner did invest an additional $45,000 cash in exchange for common stock. Dividends were $700 cash per month, and the owner invested an additional $35,000 cash in exchange for common stock. Determine the net income earned or net loss incurred by the business during the year for each of the above separate cases: (Decreases in equity should be indicated with a minus sign.)
Business
1 answer:
oksian1 [2.3K]2 years ago
5 0

Answer:

scenario 1

owner made no investment in the business and no dividend were paid during the year,<em> there may be no income or net loss incurred by the business. there is no decrease or increase in equity.</em>

scenario 2

owner made no investments in the business but dividend were $700 cash per month, <em>the net income earned during the year equal $700*12 = $8,400.</em>  <em>There is no changes in equity</em>

scenario 3

No dividend were paid during the year but owner invested an additional $45,000 cash in exchange for common stock.  <em>There will be increase in equity by $45,000 but net income or net loss cannot be determined</em>

scenario 4

Dividend were $700 cash per month and the owner invested additional $35,000 cash in exchange for common stock.  <em>The net Income earned will $8,400 while $35,000 will added to equity as additional capital.</em>

Explanation:

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Your firm needs a computerized line-boring machine that costs $90,000 and requires $16,000 in maintenance costs for each year of
sladkih [1.3K]

Answer:

The aftertax salvage value of the machine is D) $10,134

Explanation:

Hi. first, we need to find out the book value of the machine at the selling date, that is 3 years from now, and the book value is as follows.

BookValue=90,000-90,000*0.3333-90,000*0.4444-90,000*0.1482=6,669

Since taxes are based on the profit you make by selling something, our profit is:

Profit=12,000-6,669=5,331

Therefore, our taxes are:

Taxes=5,331*0.35=1,866

So, the after tax salvage value of the machine is the money you received on the sale minus the taxes you have to pay, that is:

Salvage Value of the Machine = $12,000 - $1,866?= $10,134

That is option D)

Best of luck.

3 0
3 years ago
The five-dollar Burger Joint gift card that your friend gave you for your birthday expires today. You can either use the gift ca
Radda [10]

Answer:

Opportunity cost is the benefit that is foregone for an individual by choosing one alternative over other alternatives available to him.

If the opportunity cost is lower for an individual then this will benefit him whereas if the opportunity cost is higher then this will not benefit the individuals.

We know that if a person stay at home and eat delicious home-cooked then he must use some ingredients to cook food.

Therefore, the opportunity cost of eating the home-cooked meal is five-dollar Burger Joint gift card and the value of ingredients that are use in the home-cooked food.

4 0
2 years ago
Abraham drinks Mountain Dew. He can buy as many cans of Mountain Dew as he wishes at a price of $0.55 per can. On a particular d
Brrunno [24]

Answer:

It will purchase 3 cans

total consumer surplus    0.70

Explanation:

the market price is 0.55

It will purchase up to three cans. the fourth can he is willing to purchase at 0.40 but the price is 0.55 so it won't trade for that one.

<u>consumer surplus:</u>

difference between the amounts he was willing to pay for each unit and the market price:

first can        0.95 - 0.55 = 0.40

second can 0.80 - 0.55 = 0.25

third can      0.60 - 0.55 = 0.05

total consumer surplus    0.70

5 0
2 years ago
A cbs news/new york times poll found that 329 out of 763 randomly selected adults said they would travel to outer space in their
iren [92.7K]

Answer:

0.339 < p < 0.461

Explanation:

Given data:

confidence interval is 92%

Randomly selected adults = 329

Total number of adults is 763

\alpha = 1 - 0.92 = 0.08

\frac{\alpha}{2} = \frac{0.08}{2} = 0.04

for alpha = 0.04

z value is = 1.75

p = \frac{329}{763} = 0.43

= p \pm z \times \sqrt{\frac{p \times (1-p)}{N}

= 0.43 \pm 1.75 \tiimes \sqrt{\frac{0.43  \times0.57)}{763}

=0.43 \pm 0.031

0.339 < p < 0.461

4 0
3 years ago
Tenant Tomas and landlord Landis enter into a contract for Tomas to rent Landis's home for two years. Halfway through the lease,
CaHeK987 [17]

Answer:

Yes, with Landis' permission

Explanation:

Yes, with Landis' permission.

Any major modifications to a property leased must be done with the knowledge and permission of the landlord. In the case of Thomas(Tenant), the permission of Landis (Landlord) must be sought before Thomas can install the smart light and security system on the property.

8 0
3 years ago
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