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3 years ago

In a large corporation, shareholders responsibilities include ________.

1 answer:

5 0

~Hello There!~

I'd say it is Electing a board of directors.

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- Hannah ❤

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The Baldwin Company currently has the following balances on their balance sheet: Total Assets $256,555 Total Liabilities $149,32

algol [13]

Answer: $80,242

Explanation:

Common stock = Assets - Liabilities - Retained earnings

Assets next year = 256,555 + 55,000

= $311,555

Liabilities remain unchanged.

Retained earnings

= Opening retained earnings + Net income - dividends

= 49,793 + 44,200 - 12,000

= $‭81,993‬

Common stock next year;

= 311,555 - 149,320 - 81,993

= $80,242

8 0

3 years ago

If you sell only one or just a few items your business is

GarryVolchara [31]

Answer:

selling half

Explanation:

because your not selling everything so not all

5 0

3 years ago

Nathan Herrmann has completed the basic format to be used in preparing the statement of cash flows (indirect method) for CEO Con

yarga [219]

Answer:

Ending cash balance is -$41,000.

Explanation:

This can be prepared as follows:

Nathan Herrmann

Cash Flow Statement

for the year ended ...

Details $ $

Net income 69,000

Adjustment to reconcile net income

Depreciation expense 13,000

Loss on sale of land 12,000

(Increase) decrease in current assets

Increase in inventory (35,000)

Increase in prepaid rent (7,500)

Increase in accounts receivable (47,000)

Increase (decrease) in current liabilities:

Increase in accounts payable 15,000

Net cash from operating activities 19,500

Cash flows from investing activities:

Cash received from the sale of land 7,500

Purchase of equipment (229,000)

Net cash flows from Investing activities (221,500)

Cash flows from financing activities: 

Payment of dividends (31,000)

Repayment of notes payable (49,000)

Issuance of common stock 241,000

Net cash from financing activities 161,000

Increase / (Decrease) in cash (41,000)

Beginning cash balance -

Ending cash balance  (41,000) 

7 0

3 years ago

A customer sells your company a defective part. The part is put into your product, rendering it defective. What will most likely

Lostsunrise [7]

Answer: Your customer will likely blame you for the defect, not the supplier.

Explanation:

The customer would certainly blame me the seller for the defect, because I was the one that sold the goods to the customer, also the customer is not aware of what transpired between the seller and the supplier. Therefore the seller would have to on his part, lay some complaint to the supplier.

7 0

3 years ago

A certain bookstore chain has two stores, one in San Francisco and one in Los Angeles. It stocks three kinds of books: hardcover

Hoochie [10]

Answer:

Hard Soft Plastic

San Francisco 3,600 7,800 12,000

Los Angeles 2,400 1,800 3,000

Explanation:

The sales during January were as follows:

Hard Soft Plastic

San Francisco 600 1,300 2,000

Los Angeles 400 300 500

If the sales during the next five months were actually the same, then to determine total sales all we have to do is multiply January's sales by 6.

600 x 6 = 3,600 1,300 x 6 = 7,800 2,000 x 6 = 12,000

400 x 6 = 2,400 300 x 6 = 1,800 500 x 6 = 3,000

7 0

3 years ago