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WINSTONCH [101]
3 years ago
13

Cavalier Copper shows on its most recent balance sheet $840 million in total liabilities, $10 billion in treasury stock (recorde

d at par of $1/share) and $520 million in common stock outstanding (also recorded at par of $1/share). The company had negative retained earnings of $40 million at the beginning of its fiscal year, and it made a net profit of $60 million during the year. The company’s stock sells for $4/share on the date of the balance sheet. The company’s total assets are.
a. $1.38 billion
b. $10.84 billion
c. $1.46 billion
d. $2.94 billion
Business
1 answer:
BartSMP [9]3 years ago
5 0

Answer:

a. $1.38 billion

Explanation:

total assets= total liabilities

total Liabilities = liabilities +shareholders fund

shareholders fund=common stock +retained earning as on the balance sheet date

retained earnings as on bs date= profit at the year-end- loss at the beginning of the year

=60-40= 20 million

shareholders fund =520+20

=540

total liabilities=840+540=1380million i.e 1.38 billion

therefore total asset=1.38 billion

Therefore option A is correct

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Supply chain management

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Effective supply chain systems help manufacturers reduce excessive inventory holding and this helps in reducing production cost. The main goal of a supply chain management is to better coordinate the inflow and outflow of raw materials, services or information in a firm.

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3 years ago
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The answer to this question should be True!!!!!!!!
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4 years ago
Using the following information:
jasenka [17]

Answer and Explanation:

The preparation of the bank reconciliation statement for August 31 is presented below:

                                           Miller Co.

                           Bank reconciliation statement  

                                            August 31

Particulars                   Amount                   Particulars                       Amount  

Bank cash balance    $4,709                    Company cash balance  $5,162

Add:                                                            Less:

Deposits in transit     $1,035                    Bank service charges     -$33

Less: Outstanding                                     Error in recording              -$9      

Check                        -$624

Bank balance                                            Company balance

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6 0
3 years ago
Daan Corporation wholesales repair products to equipment manufacturers. On April 1, 2016, Daan Corporation issued $7,800,000 of
Ipatiy [6.2K]

Answer:

Cash Dr $9,808,729

       To Premium on bond payable $2,008,729

       To Bond payable $7,800,000

(Being the issuance of the bond payable is recorded)

Explanation:

The journal entry for issuance of the bond is shown below:

Cash Dr $9,808,729

       To Premium on bond payable $2,008,729

       To Bond payable $7,800,000

(Being the issuance of the bond payable is recorded)

For recording this we debited the cash as it increased the assets and credited the premium on bond payable as issued amount is more than the face value plus the liabilities is also increased so the bond payable is also credited

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Answer:

Explanation:

In order to solve such problems the managers analyze the financial transactions in their systems. They first obtain the transaction number that the client received upon making the purchase. Then they find this transaction number in their system and analyze the numbers. If the transaction was a mistake or had an error they can reverse the transaction which would return the money to the client and move that transaction off of the confirmed transactions in the system.

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