All categories

3 years ago

Bramble Corp. has these accounts at December 31:

Business

1 answer:

Viktor [21]3 years ago

3 0

Answer:

Total shareholders' equity is $134,520

Explanation:

Bramble Corp.

Extract of balance sheet as at 31st December:

Common stock,$12 par,6900 shares issued and outstanding $82,800

Paid-in capital in excess of par $20,400

Total paid-in capital $103,200

Retained earnings $45,400

Total paid-in capital and retained earnings $148,600

less:treasury stock 640 shares ($14,080)

Total stockholders' equity $134,520

This is a standard proforma for the equity section of the balance sheet which comprises of the funds in the business attributed to the owners of the business,the shareholders.

After this section comes the liabilities,the non-current and current liabilities.

You might be interested in

Friendly's quick loans, inc., offers you "$4.10 for $5.10 or i knock on your door." this means you get $4.10 today and repay $5.

storchak [24]

If it costs $5.10 to get $4.10 from Friendly's then the loanee would pay about 24% which is a pretty high interest rate and presumably the interest rate would decrease with a higher amount loaned as on a larger amount the actual amount of interest earned would still be significant with a lower interest rate.

6 0

3 years ago

Read 2 more answers

TEA [102]

Answer: Four pies.

Explanation:

Marginal cost is the additional cost of producing one extra unit of a good or service.

From this graph we see the marginal cost rise when the first pie is produced and then it subsequently decreases as the second and third pie is produced which is where it reaches its lowest point.

From the fourth pie, the marginal cost begins to rise again which means the marginal cost begins to increase when the producer makes four pies.

3 0

3 years ago

The following transactions occurred during July: Received $1,050 cash for services provided to a customer during July. Received

Anastasy [175]

Answer:

$1,575

Explanation:

We will clasify the item "revenue" or "not":

Received $1,050 cash for services provided to a customer during July -> yes, this is revenue
Received $5,000 cash investment from Bob Johnson : not revenue
the owner of the business Received $900 from a customer in partial payment of his account receivable which arose from sales in June: not revenue for July, but June which was booked in June revenue already
Provided services to a customer on credit, $525: yes, this is July revenue though it's still on account receivable
Borrowed $7,500 from the bank by signing a promissory note: not revenue
Received $1,400 cash from a customer for services to be rendered next year: not July revenue, it's customer advace and might be next year revenue once services are completed

So the amount of revenue for July = Received $1,050 cash for services provided to a customer during July + Provided services to a customer on credit, $525

= $1,050 +$525

= $1,575

4 0

3 years ago

How are the project management processes that surround Scrum similar to and different to how the project management processes su

timurjin [86]

Answer: The answers are provided below

Explanation:

There are several similarities between the project management processes which surround scrum to the traditional project management processes which surrounds a project life cycle such as Waterfall. When one looks at each iteration as a project, one will see that Scrum planning meeting will be identical to planning meeting of the traditional project.

The daily standups in scrum will resemble the monitoring and the controlling of traditional waterfall with the exception that in scrum, its team monitors itself. A sprint would be the execution stage while the sprint review will be like project closure lessons that are learned. Sprint can be seen as small waterfall model project.

However, the main difference is in the scrum's team mindset versus the team of the traditional project management. Also, the process of work defining as being completed is different for the teams. Lastly, the method used by the scrum team in its approaches to work, team collaboration, responsibility acceptance, tasks definition and accountability are different from the traditional project management team.

A hybrid approach will be sensible in a large organization which has pockets of power. This is true for large retails that have old legacy systems in which frequent deployments aren't possible.

This is true for systems in which, testing can't be automated due to the fact that automated testing is a vital part for success for large scrum projects. In such organizations, it is sensible to use scrum for the teams which are able to move to scrum and waterfall can be used for other parts of the organization.

6 0

3 years ago

Over a four-year period, LaKeisha Thompson purchased shares in the Oakmark I Fund. Using the following information, answer the q

ArbitrLikvidat [17]

Answer:

LaKeisha Thompson

a. At the end of four years, the total amount invested is:

= $6,000

b. At the end of four years, the total number of shares purchased is:

= 166.81

c. At the end of four years, the average cost for each share is:

= $35.97.

Explanation:

a) Data and Calculations:

Investments in Oakmark I Fund:

Year Investment Price Number

Amount per share of share

Feb 2008 $1,500 $40 37.50

Feb 2009 1,500 30 50

Feb 2010 1,500 34 43.60

Feb 2011 1,500 42 35.71

Total $6,000 166.81

Average cost per share = $35.97 ($6,000/166.81)

7 0

3 years ago