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kvv77 [185]
3 years ago
6

Wells Fargo & Company, headquartered in San Francisco, is one of the nation’s largest financial institutions. Suppose it rep

orted the following selected accounts (in millions) as of December 31, 2017.
Retained earnings $41,563
Preferred stock 8,485
Common stock—$12/3 par value, authorized 6,000,000,000 shares; issued 5,245,971,422 shares 8,743
Treasury stock—67,346,829 common shares (2,450)
Paid-in capital in excess of par value—common stock 52,878

Required:
Prepare the stockholders’ equity section of the balance sheet for Wells Fargo as of December 31, 2017
Business
1 answer:
andreev551 [17]3 years ago
8 0

Answer:

<u>EQUITY AND LIABILITIES</u>

<u>EQUITY</u>

Retained earnings                    $ 41,563

Preferred stock                          $ 8,485

Common stock - Issued             $ 8,743

Treasury stock                           $ 2,450

Share Premium                        $ 52,878

Total Equity                                $114,119

Explanation:

The the stockholders’ equity section of the balance sheet shows the amount of capital invested by the shareholders in the business as well as the reserves that have been allocated to them.

<u />

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JulijaS [17]

Answer:

In the given year, American population grew by 4% while China's population grew by 1.2%.

Explanation:

The present problem establishes that in one year the populations of China and the United States both increased by 12 million people. But both countries have different populations: China has a population of 1 billion inhabitants, while the United States has 300 million.

To determine the percentage of population increase in each country, we must perform cross multiplications:

-U.S:

300 = 100

12 = X

(12 x 100) / 300 = X

1,200 / 300 = X

4 = X

The United States grew by population 4% in the year.

-China:

1,000 = 100

12 = X

(12 x 100) / 1,000 = X

1,200 / 1,000 = X

1.2 = X

China grew by population 1.2% in the same period of time.

8 0
3 years ago
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The net cash flows of Advantage Leasing for the next 3 years are $42,000, $49,000 and $64,000 respectively, after which the grow
liberstina [14]

Answer:

$863,689.50

Explanation:

The computation of the present value of the terminal value is shown below:

The terminal value at the end of the third year is

=  Third year Cash flows × (1 + growth rate) ÷ (required rate of return - growth rate)

= $64,000 × (1 + 2%) ÷ (8% - 2%)

= $1,088,000

Now its present value is

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This is the answer but the same is not provided in the given options

3 0
3 years ago
When presenting solutions, Chris (a salesperson)often has to handle buyer resistance. Chris should think of buyer resistance as
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Answer:

C) Positive

Explanation:

Although in the question it is stated that Chris, who is a salesman, manages the buyer resistance while presenting the solutions, the Chris also thinks that buyer resistance is a positive event

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What steps must countries take to transition to a mixed-market economy? Check all that apply. They must establish state-owned bu
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The answer is:

B. They must establish a fair labor market.

D. They must open up trade to other countries

In mixed-market economy, both government and the private sectors play equally important roles in managing/regulating the economy.

Establishing fair labor market is being done in order to prevent the private sectors from abusing their workers. Opening trade to other countries is being done by the government sectors through mutually beneficial foreign policies which will improve our total exports.

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Operations management personnel perform a variety of functions, including all of the following except ___________________. A. an
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Answer:

The correct answer is letter "A": analyzing potential mergers.

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