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worty [1.4K]
3 years ago
5

Clothing Emporium was organized on January 1, 2021. The firm was authorized to issue 140,000 shares of $8 par value common stock

. During 2021, Clothing Emporium had the following transactions relating to stockholders' equity: Issued 42,000 shares of common stock at $10 per share. Issued 28,000 shares of common stock at $11 per share. Reported a net income of $140,000. Paid dividends of $70,000. What is total paid-in capital at the end of 2021
Business
1 answer:
natka813 [3]3 years ago
3 0

Answer:

$728,000

Explanation:

Paid in capital can be described as the payments ac company received in exchange for its stock from investors.

From the question, the total paid in capital can be calculated as follows:

Receipt for 42,000 shares at $10 per share = 42,000 * 10 = $420,000

Receipt for 28,000 shares at $11 per share = 28,000 * 11 = $308,000

By adding the two above together and have:

Total paid-in capital = $420,000 + $308,000 = $728,000.

Therefore, total paid-in capital at the end of 2021 is $728,000.

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Peyton’s Palace has net income of $15 million on sales revenue of $130 million. Total assets were $96 million at the beginning o
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Answer:

See below

Explanation:

1. Returns on assets

= Annual net income ÷ Average total assets

Average total assets = beginning asset + ending assets ÷ 2

= ($80 million + $88 million) ÷ 2

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Return on assets = $13.4 million ÷ $84 million

Return on assets = $159.52

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3. Assets turnover ratio

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Recall Average total assets = $84 million

Average turnover ratio

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3 years ago
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labwork [276]

Answer:

110 mm

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2 years ago
Pina Company produces golf discs which it normally sells to retailers for $7 each. The cost of manufacturing 19,900 golf discs i
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Answer:

a) <em>Net income using incremental analysis is  </em> $692

b)   PINA should accept the order because it will increase its net income by $692

<em />

Explanation:

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I. the incremental contribution from of producing 5,350 units

2. The incremental fixed cost- 45,374

Note that whether or not the special order is accepted the fixed cost of manufacturing  would be incurred either way.

Contribution per unit =Selling price - Variable cost

Variable production cost per unit = total variable cost / units

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Variable cost per unit of sale = $3.1 + $0.35 =  $3.45

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( 4.77 - 3.45) ×   5,350 =                           7,062

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(45,374 - 39,004)                                     <u>(  6370)</u>

<em>Net income                                               </em><em><u>   692</u></em>

<em><u>b) </u></em>   PINA should accept the order because it will increase its net income by $692

<em />

6 0
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true or false: the beta for the portfolio after the stocks have been added is the weighted average of the beta before the stocks
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To learn more about stock, click here.

brainly.com/question/28663581

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Answer and Explanation:

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