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goldenfox [79]
3 years ago
15

Marigold Corp. began the year 2022 with $98300 in its Common Stock account and a debit balance in Retained Earnings of $42100. D

uring the year, the company earned net income of $21100, and declared and paid $7000 of dividends. In addition, the company sold additional common stock amounting to $25700. Based on this information, what should the transaction analysis show for total stockholders' equity at the end of 2022? a. $128600 b. $180200 c. $194200 d. $96000
Business
1 answer:
iVinArrow [24]3 years ago
6 0

Answer:

Option (d) is correct.

Explanation:

Given that,

Beginning common stock = $98,300

Common stock sold = $25,700

Beginning balance of retained earnings = ($42,100)

Net Income = $21,100

Dividends  = $7,000

Ending balance of common stock:

= Beginning common stock + Common stock sold

= $98,300 + $25,700

= $124,000

Ending balance of retained earnings:

= Beginning balance + Net Income - Dividends

= ($42,100) + $21,100 - $7,000

= $28,000 debit

Ending balance of total stockholder's equity account:

= Ending balance of common stock + Ending balance of retained earnings

= $124,000 - $28,000

= $96,000

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Answer:

Sales less variable production, variable selling, and variable administrative expenses.

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On a contribution margin income statement the variable administrative and variable selling are considered as variable cost and used to determinate the contribution margin.

Contribution margin =

sales revenue - total variable cost

the fixed cost are listed below the contriution,

once subtracted from the contribution, the rest is the net income.

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3 years ago
A prototype is ________.
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2 years ago
What is the most important duty of a firm's financial officer? to ensure that the firm has enough cash on hand to meet its commi
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3 years ago
Zhang Industries budgets production of 400 units in June and 410 units in July. Each finished unit requires 5 pounds of raw mate
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Answer:

The correct answer is $12,060.

Explanation:

According to the scenario, the given data are as follows:

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Production in July = 410 units

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