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
UkoKoshka [18]
4 years ago
12

Comanic Corp. has common stock of $5,400,000, retained earnings of $2,000,000, unrealized gains on trading securities of $100,00

and unrealized losses on available for sale securities of $200,000. What is the total amount of its stockholders equity?
Business
1 answer:
aalyn [17]4 years ago
6 0

Answer:

$7,200,000

Explanation:

Given that,

Common stock = $5,400,000

Retained earnings = $2,000,000

Unrealized gains on trading securities = $100,000

Unrealized losses on available for sale securities = $200,000

Stockholder's equity:

= Common stock + Retained earnings - Unrealized losses on available for sale securities

= $5,400,000 + $2,000,000 - $200,000

= $7,200,000

Note that:

Unrealized gains on trading securities should be presented on the income statement. Hence, the ending retained earnings balance was already been adjusted with Unrealized gains (losses) on trading securities.

Unrealized losses on available for sale securities not included in the income  statement and it directly goes to the balance sheet.

You might be interested in
A token economy incorporates _____ conditioning to modify behaviors by reinforcing desired behaviors with tokens that can be exc
sergij07 [2.7K]

Answer:

"Operant" conditioning

Explanation:

Operant conditioning involves learning through the use of rewards and punishment. A positive behavior is reinforced through rewards to cause it to be repeated, while a negative behavior is punished to prevent it from being repeated.

By reinforcing desired behaviors with tokens that can be exchanged for various treats, the token economy is practicing "operant" conditioning.

4 0
3 years ago
The Doak Company has projected the following quarterly sales amounts for the coming year:
tester [92]

Answer: Check attachment

Explanation:

The cash collection was calculated as:

a. (90-45)/90 = 1/2

Q1 = 1700 + (1/2 × 3900)

= 1700 + 1950

= 3650

Q2 = 1950 + (1/2 × 4700)

= 1950 + 2350

= 4300

Q3 = 2350 + (1/2 × 4300)

= 2350 + 2150

= 4500

Q4 = 2150 + (1/2 × 3600)

= 2150 + 1800

= 3950

Check the attachments for further information.

6 0
3 years ago
Candonia has a comparative advantage in the production of , while lamponia has a comparative advantage in the production of . Su
Ksju [112]

Answer:

Candonia has a comparative advantage in the production of <u>LEMONS</u>, while Lamponia has a comparative advantage in the production of <u>COFFEE</u>. Suppose that Candonia and Lamponia specialize in the production of the goods in which each has a comparative advantage. After specialization, the two countries can produce a total of <u>36</u> million pounds of coffee and <u>36</u> million pounds of lemons.

Explanation:

Since a lot of information was missing, I looked it up and found the attached graphs. The graphs referred to production of coffee and lemons, but I guess they are similar questions.

For every pound of lemons that Candonia produces, it will not be able to produce ¹/₂ pounds of coffee (opportunity cost of producing lemons instead of coffee).

For every pound of coffee that Lamponia produces, it will not be able to produce 1¹/₂ pounds of lemons (opportunity cost of producing coffee instead of lemons).

8 0
3 years ago
Family Farms Inc., a company which deals in dairy products, adheres to a standard of behavior for its employees, and it follows
Misha Larkins [42]

Answer:

The right response is "Business ethics".

Explanation:

  • An ethics framework that always considers the moral standards as well as problems that occur mostly in a corporation but also function as a guide for the behavior of people throughout the organization.
  • Meanwhile, corporation governments facilitate the collection of values and conventions governing as well as controlling the business of the company.
4 0
3 years ago
Kevin purchased a lawn mower. The blades were so dull that the mower could not cut the grass in his backyard. Due to the existen
tamaranim1 [39]

Answer:

implied

Explanation:

Warranty is an assurance that a product will do the work for which it was intended and be of the same quality and grade like others of its class received by a buyer of a product from the seller whether expressly stated or not . This follows that where the product is discovered to be substandard or defective, the seller will either repair or replace the product in line with the terms and conditions of sales.

Implied Warranty is a quality assurance statement given by a buyer to a seller that is neither oral nor written but generally understood by law to be associated with products and services of that industry

7 0
3 years ago
Other questions:
  • Darden Corporation uses the weighted-average method in its process costing system. The first processing department, the Welding
    10·1 answer
  • Purchases and Cash Payments Journals
    13·1 answer
  • What is an accident? How can an accident be prevented?
    10·2 answers
  • A manager engaged in the management function of ____ is determining organizational goals and the means for achieving them.a. pla
    8·1 answer
  • What will happen to the U.S. Housing Market?
    10·1 answer
  • In which method of sales compensation is salespersons pay totally determined as a percentage of sales?
    11·1 answer
  • Eagle, Inc. is a manufacturer and distributor of consumer products in the U.S. It has a wholly owned foreign subsidiary, El Rio,
    13·1 answer
  • Which organization sets monetary policy for the United States? Board of Governors Congress Federal Open Market Committee Federal
    9·2 answers
  • The following occurred during 20X1. A $35,000 note payable was issued. Land was purchased for $50,000. Bonds payable (maturing i
    15·1 answer
  • Luis had self-employment income of $9,732 reported in box 7 of Form 1099-Misc and has receipts for tools and supplies of $2,603.
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!