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Neporo4naja [7]
3 years ago
8

Clothing Emporium was organized on January 1, 2021. The firm was authorized to issue 100,000 shares of $5 par value common stock

. During 2021, Clothing Emporium had the following transactions relating to stockholders’ equity: Issued 30,000 shares of common stock at $7 per share. Issued 20,000 shares of common stock at $8 per share. Reported a net income of $100,000. Paid dividends of $50,000. What is the total stockholders' equity at the end of 2021?
Business
1 answer:
beks73 [17]3 years ago
8 0

Answer:

The total stockholders' equity at the end of 2021 is $250,000

Explanation:

In order to calculate the total stockholders' equity at the end of 2021 we would have to calculate the transactions relating to stockholders’ equity times the $5 par value common stock as follows:

stockholders' equity at the end of 2021=Issue of 30,000 shares*$5+Issue of 20,000 shares*$5

stockholders' equity at the end of 2021=$150,000+$100,000

stockholders' equity at the end of 2021=$250,000

The total stockholders' equity at the end of 2021 is $250,000

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Given the following information about the economy of Pakistan, calculate Pakistan's GDP. Note that the currency of Pakistan is t
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Answer:

  • <u><em>Pakistan's GDP = 13.53 trillions of rupees.</em></u>

Explanation:

<em>GDP</em> is the gross domestic product. It is the value of all the goods and services produced by an economy (a country), in a period, which is normally one year.

The <em>GDP</em> can be calculated with the equation:

GDP = Consumption + Investment + Goverment spending + Net Exports

Where, Net Exports is the value of the exports less the value of the imports.

Thus, the values that you need to sue to calculate the GDP are:

  • Consumptiion
  • Investment
  • Goverment spending
  • Exports
  • Import

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  • Exports = Pakistan exports = 1.29
  • Imports: Pakistan imports: 2.31

Those are all. Other items, i.e. foreigners spend (0.60 trillions of rupees) and individuals save (5.00 trillions of rupees), do not count for the GDP.

<u>Compute</u> (in trillions of rupees):

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<u>Answer</u>: Pakistan's GDP = 13.53 trillions of rupees.

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