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Solnce55 [7]
4 years ago
15

Apex Systems Co. offers its services to residents in the Seattle area. Selected accounts from the ledger of Apex Systems Co. for

the fiscal year ended December 31, 2016, are as follows:
Bart Nesbit, Capital

Dec. 31 91,200 Jan. 1 (2016) 1,340,000

Dec. 31 356,000

Bart Nesbit, Drawing

Mar. 31 22,800 Dec. 31 91,200

June 30 22,800

Sept. 30 22,800

Dec. 31 22,800

Income Summary

Dec. 31 1,437,000 Dec. 31 1,793,000

Dec. 31 356,000


Prepare a statement of owner’s equity for the year. No additional investments were made during the year. If a net loss has been incurred or there has been a decrease in owner’s equity, enter that amount as a negative number using a minus sign. Be sure to complete the statement heading. Refer to the list of Labels and Amount Descriptions for the exact wording of the answer choices for text entries.
Business
1 answer:
AfilCa [17]4 years ago
6 0

Answer:

Explanation:

The preparation of the statement of stockholders' equity at the end of the year is presented below:

                                          Apex Systems Co.

                             Statement of stockholders' equity  

                            For the fiscal year ended December 31, 2016

Particulars                  Common Stock          

Beginning

Balance                      $1,340,000

Add: Net income       $356,000    

Less:

Bart Nesbit, Drawing  -$91,200

Ending balance          $1,604,800                

                       

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The adjusted trial balance of Bramble Corp. at December 31, 2019, includes the following accounts:
natulia [17]

Answer:

$11,400

Explanation:

                       Income Statement

         For the year ended December 31, 2019

Particulars                                                Amount

<u>Revenues</u>

Service revenue                                       $37,900

<u>Expense</u>

Salaries & wages expense       $16,000

Insurance expense                   $2,900

Rent expense                            $3,400  

Supplies expense                     $2,500

Depreciation expense              <u>$1,700</u>

Total expenses                                         <u>$26,500</u>

Net income (loss)                                     <u>$11,400</u>

4 0
3 years ago
Compare the words spice and police.How are they alike?How are they different?
Charra [1.4K]
They’re both have ice in the words they’re both nouns
Sorry I don’t know how they’re different maybe (the police is a person/or a group of people ) and a spice is a thing used for food
3 0
3 years ago
Suppose that the risk-free rate is 5% and that the market risk premium is 7%. What is the required return on (1) the market, (2)
Nesterboy [21]

Answer:

1.

r market = 0.12 or 12%

2.

r stock = 0.12 or 12%

3.

r Stock = 0.169 or 16.9%

Explanation:

The required rate of return can be calculated using the CAPM or Capital asset pricing model equation. The formula for required rate of return under this model is,

r = rRF + Beta * rpM

Where,

  • rRF is the risk free rate
  • rpM is the risk premium on market
  • r represents the required rate of return

1.

The beta of the market is always considered to be 1. Thus, the required rate of return on market would be,

r market = 0.05 + 1 * 0.07

r market = 0.12 or 12%

2.

For a stock whose beta is 1.0, the required rate of return would be same as that for market. So, the required rate of return for a stock with a beta of 1.0 is,

r Stock = 0.05 + 1 * 0.07

r Stock = 0.12 or 12%

3.

The required rate of return for a stock with a beta of 1.7 is,

r Stock = 0.05 + 1.7 * 0.07

r Stock = 0.169 or 16.9%

3 0
3 years ago
The pay rates in the organization may not match the pay structure in the market when a company sets its pay rates based strictly
Grace [21]

There are discrepancies between the pay rates of a company and the pay structure in the market when a company sets its pay rates strictly based on a <u>pay policy</u><u> line</u>.

<h3>What is a pay rate?</h3>

A pay rate can be defined as a measure of the amount of money that is being paid by a company to its employees (workers) per period of work or unit of production, which is usually on a hourly, weekly, or monthly basis.

In business management, discrepancies would generally exist between the pay rates of a company and the pay structure in the market when a company sets its pay rates strictly based on a <u>pay policy</u><u> line</u>.

Read more on pay rate here: brainly.com/question/4443190

6 0
2 years ago
A fifteen-year adjustable-rate mortgage of $117,134.80 is being repaid with monthly payments of $988.45 based upon a nominal int
Sedbober [7]

Answer:

Using an excel spreadsheet I prepared an amortization schedule. For the 61st payment, the interest rate is increased from 0.5% to 0.625% monthly.

(a) Calculate the loan balance immediately after the 84th payment.

  • $77,884.78

(b) Calculate the amount of interest in the 84th payment.

  • $489.90

(c) Calculate the amount of the balloon payment.

  • $12,168.43

As you can see, the interest amount for the 61st payment increases, while it had been decreasing previously.

Download pdf
3 0
3 years ago
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