1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Yuliya22 [10]
3 years ago
8

​Midtown, Inc. had the following transactions in​ 2018, its first year of​ operations: bullet Issued​ 31,000 shares of common st

ock. Stock has par value of​ $1.00 per share and was issued at​ $20.00 per share. bullet Earned net income of​ $70,000. bullet Paid no dividends. At the end of​ 2018, what is total​ stockholders' equity?
Business
1 answer:
Anna007 [38]3 years ago
3 0

Answer:

The stockholders' equity is $6,90,000.

Explanation:

<u>Calculating the Total stockholders' equity:</u>

Total stockholders equity = Beginning stock equity + Net income

Total stockholders equity = (31,000 * 20) + 70,000

Total stockholders equity = 6,20,000 + 70,000

Total stockholders equity = $6,90,000

You might be interested in
Giancarlo has received an inheritance from his rich uncle and is contemplating the purchase of a Suzuki XL7. In an attempt to ma
Effectus [21]

Answer:

Giancarlo’s initial investment in the Suzuki XL7 is $17,122

Explanation:

The computation of the initial investment is shown below:

= Negotiated price of new Suzuki + Taxes and fees charges on purchase of a new car -  proceeds from the old car

= $24,675 + $1,732 - $9,285

= $17,122

The estimated value of the old, new car and the annual repair cost is not relevant for computing the initial investment. Hence, we ignore it and not considered this cost.

8 0
3 years ago
The balance of an account is determined by
Klio2033 [76]
The balance of an account is determined by the difference between the total amount of debt and the total amount of credit.
5 0
3 years ago
During a resuscitation, the team leader assigns team roles and tasks to each member. You recognize that a task has been overlook
GalinKa [24]

Answer:

fill that overlooked role

Explanation:

In a scenario such as this one, the most appropriate action would be to fill that overlooked role. During a resuscitation, every second counts and all the members of a team are trained to handle these situations, therefore if a role has been overlooked by the team leader the other members need to fill that role as quickly as possible as long as they are not currently occupied with another role. Doing so will save time and potentially a life.

4 0
3 years ago
Dreyfus points a gun at Eton, threatening to shoot him if he does not steal from his employer, Freddy’s Gas &amp; Shop store, an
Anastasy [175]

Answer:

The answer is Duress.

Explanation:

Duress is a term in law used to justify a wrong action but excluding murder cases.

For a defendant to successfully prove he or she acted under duress, the following must be satisfied:

1. The defendant is in an immediate danger that could lead to death. For example, if Dreyfus shoots Eton by refusing, he can shoot Eton to death.

2. There is a believe that the defendant will be will be hurt

3. There is no option to avoid the harm or being hurt other than to succumb to doing the illegal action.

7 0
3 years ago
Theodosia was laid off from her last job. What should she put on her next application as her reason for leaving that job?
OleMash [197]

Answer:

O Downsizing

Explanation:

A lay off happens when the employer has closed down, has changed locations, or when there is not sufficient work for all the employees. A layoff is not caused by an employee's fault.

Downsizing refers to scaling down of operation. When a company downsizes, some of the employees will be laid off. Theodosia should mention she was laid off in her next application. The potential employer will realize that she wasn't at fault at her previous workplace.

8 0
3 years ago
Other questions:
  • As a result of _____, a critical assumption in the resource-based model of a firm, the resource differences that exist between f
    5·1 answer
  • The stock of Lavender Corporation is held as follows: 80% by Jade Corporation (basis of $400,000) and 20% by Tiffany (basis of $
    6·1 answer
  • Which of the following factors are typically omitted from the quantitative analysis of wages but can help explain otherwise unac
    14·2 answers
  • AnyCo is a US consumer product company enjoying broad distribution and dominant market share in its domestic market. An opportun
    9·1 answer
  • Elain's Inflatables earns service revenue by providing party planning services and inflatable playscapes. Elaine?'s Inflatables
    13·1 answer
  • The food that you eat travels from your mouth, down your esophagus, into your stomach, and through your small and large intestin
    10·1 answer
  • On March 12, Klein Company sold merchandise in the amount of $7,800 to Babson Company, with credit terms of 2/10, n/30. The cost
    14·1 answer
  • What economist is known for the use of microcredit?
    12·1 answer
  • The impact of Furman v. Georgia (1972) was that states had to
    9·2 answers
  • Special hotel accounts for a company that has established credit with a hotel are called?
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!