All categories

4 years ago

Tandy Company was issued a charter by the state of Indiana on January 15 of this year. The charter authorized the following:

Business

1 answer:

Anastaziya [24]4 years ago

4 0

Answer and Explanation:

The preparation of the stockholder equity section is presented below:

Tandy Company

Balance Sheet (Partial)

Stockholders Equity :

Contributed Capital :

Common stock (21,900 shares × $6) $131,400

Preferred stock (5,000 shares × $13) $65,000

Additional Paid in Capital - Common stock (21,900 shares × $20) $438,000

Additional Paid in Capital - Preferred stock (5,000 shares × $17) $85,000

Total Contributed Capital $719,400

Add: Retained Earnings $41,600

Total Stockholders Equity $761,000

You might be interested in

Why does life have to be hard?

Misha Larkins [42]

Answer:

Life is hard because life needs to know if you're willing to fight. Willing to be strong when life is 'hard'. The second that you prove yourself with one challenge, another challenge show's up. Don't let life get you down. Be grateful for all you have. Live as if it's your last day. :>

Explanation:

7 0

3 years ago

Read 2 more answers

Adjustments for ________ would not be included in the required reconciliation of the Governmental Fund Balance Sheet to the gove

UNO [17]

Answer:

Adjustments for enterprise fund-basis statements from their original modified accrual basis would not be included in the required reconciliation of the Governmental Fund Balance Sheet to the governmental activities Statement of Net Position.

8 0

4 years ago

Tresnan Brothers is expected to pay a $4.00 per share dividend at the end of the year (i.e., D1 = $4.00). The dividend is expect

leonid [27]

Answer:

$66.67

Explanation:

Using dividend growth model

P0 = $\frac{D1}{Ke-g}$

Where P0 = Current market price of share

D1 = Dividend at year end

Ke = Expected return

g = growth percentage

Since D1 has been provided we will take D1 else formula is D0 + g for calculating D1

Putting the values as provided we have

P0 = $\frac{4}{0.09-0.03}$

= $\frac{4}{0.06}$ = $66.67

4 0

3 years ago

Which of the following describe some of the trade-offs faced by a family deciding whether to buy a new car? Check all that apply

GaryK [48]

Answer:

The correct answer is letter "A" and "C": An increase in the family's car payment means the family will be unable to afford a vacation; A newer model offers better protection and functions but is more expensive than an older model.

Explanation:

Trade-offs are the result of comparing what must be acquired with what should be given up to satisfy most of a need. While selecting a new vehicle, a family must consider its capacity, size, and price. Besides, they will have to evaluate all the could be left behind for incurring such expenses like buying a new piece of furniture of use of most members of the family, remodeling part of the house or going on a family vacation.

3 0

3 years ago

Barry has a medical plan with a $1,200 deductible, 20% coinsurance, and a $5,000 coinsurance cap. His allowable medical expenses

Trava [24]

Based on his deductible and coinsurance cap, the amount that Barry will pay is <u>$4,560.</u>

<h3>Amount Barry will pay </h3>

Barry will have to pay the entire deductible of $1,200. The expenses that are left will then be shared between him and the insurer in a 20% - 80% ratio but he will not pay more than $5,000.

Total he will pay out of pocket is therefore:

= Deductible + ( 20% x (Medical expenses - deductible))

Solving gives:

= 1,200 + ( 20% x (18,000 - 1,200))

= $4,560

In conclusion, he will pay $4,560.

Find out more on insurance payments at brainly.com/question/25973180.

4 0

2 years ago