Answer:
True
Explanation:
Commercial insurance companies have sales department, in which insurance sales agents are responsible to sell health insurance policies to the individuals.
Answer:
$252,900
Explanation:
Stockholders' equity refers to the net assets of a business. In other words, the value of the assets after deducting all liabilities. It is calculated by subtracting total liabilities from total assets.
For Casello,
Total assets = current assets plus fixed assets .
i.e., 437,200+$552,800= $990,000
Total liabilities = current liabilities plus long-term debt
i.e., $318,500 + $418,600= $737,100
Stockholder equity = $990,000 - $737,100
=$252,900
Answer
The answer and procedures of the exercise are attached in the following archives.
Step-by-step explanation:
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
Answer:
$201.32
Explanation:
100
+2x20=40
+6×10= 60
+4×.25= 1
+ 5x.05= .25
+ .07
100+40+60+1+.25+.07= 201.32
Answer:
$36,000
Explanation:
Given that,
Beginning retained earnings = $22,000
Beginning Common Stock account = $30,000
Net income = $24,000
Dividend declared and paid = $10,000
Ending retained earnings:
= Beginning retained earnings + Net income - Dividends paid
= $22,000 + $24,000 - $10,000
= $36,000
Therefore, the amount of its retained earnings at the end of the year would be $36,000.