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
Phantasy [73]
3 years ago
10

Presented below is information related to Concord Corporation: Common Stock, $1 par $3410000 Paid-in Capital in Excess of Par―Co

mmon Stock 560000 Preferred 8 1/2% Stock, $50 par 2090000 Paid-in Capital in Excess of Par―Preferred Stock 388000 Retained Earnings 1440000 Treasury Common Stock (at cost) 150000 The total stockholders' equity of Concord Corporation is
Business
1 answer:
Pavlova-9 [17]3 years ago
5 0

Answer:

$7,738,000

Explanation:

The computation of total stockholders' equity is shown below:-

= $3,410,000 + $560,000 + $2,090,000 + $388,000 + $1,440,000 - $150,000

= $7,888,000 - $150,000

= $7,738,000

Therefore for computing the total stockholders' equity we simply add all values except treasury stock and deduct the treasury stock.

You might be interested in
Which of the following is most likely to be a primary data source:
love history [14]

Answer:

d. A customer survey

Explanation:

Data collected by researchers for the first time for a specific study is primary data.  A customer survey is a method of collecting primary data. A customer survey gathers information on the research topic directly from respondents.

Primary data like surveys are costly and consume time to collect, unlike secondary data. Other methods of collecting primary data include administering questionnaires, direct or indirect personal interviews, field observations, and experiments.

7 0
2 years ago
Which is an advantage to having an account at a consumer bank instead of a credit union
arlik [135]

Answer:

Credit unions

Explanation:

offer higher savings rates and lower interest rates on loans

8 0
3 years ago
Read 2 more answers
Tax planning Question 6 options: guides investment activities to maximize after-tax returns over the long term for an acceptable
krok68 [10]

Answer:

guides investment activities to maximize after-tax returns over the long term for an acceptable level of risk

Explanation:

Given that the purpose of Tax planning is to ensure that there is tax efficiency for the firm, in an after-tax evaluation, the goal of the firm in terms of returns or profits is toll achieved.

Hence, in this case, the correct answer to the question is that TAX PLANNING "guides investment activities to maximize after-tax returns over the long term for an acceptable level of risk."

8 0
3 years ago
Pie Co. uses the installment sales method to recognize revenue. Customers pay the installment notes in 24 equal monthly amounts,
Nataliya [291]

Answer:

C. The present value of the remaining monthly payments discounted at 12%.

Explanation:

To answer the question I have used following values to workout

Original Sales Value = 500,000

Interest rate  = 12%

Numbers of periods = 24

First I calculate the Equal annual installment payment by using following excel formula

=PMT(rate,nper,pv,[fv],[type])

Where

PMT = Equal Annual Payment

rate = Interst rate = 12%/12 = 1%

nper = Tota numbers of payment = 24 payments

pv = oroginal sales value = 500,000

FV = Value outstanding after 24 payments = 0

Type = The payment made at the start or end of the year ( 0 for the payment made at the end of the period and 1 for the payment made at the beginning of the period ) = 0

placing values in the formula

=PMT(1%,24,50,000,0,0)

= $23,536.74  

Now use these values to make the schedule which is attached with this answer.

After six Payment

Outstanding value = 385,961.72  

Original sales price = 500,000

Percentage of outstanding balance to original sales value = 385,961.72 / 500,000 = 0.77 = 77%

The reamining balance is above 75% of the original sales price.

Note:

A payment schedule is attached for reference

Download pdf
3 0
3 years ago
In January, Donna’s dad, who is 75 years old, agreed in an email with his financial advisor that he wanted to take a distributio
andrey2020 [161]

I believe this shouldn't affect him since he is 75 years old, past the 65 retirement age. So the $50K from this IRA can be withdrawn tax free. If he moved the funds to a checking account BEFORE 65, then it would be taxable. Check with a financial advisor.

3 0
3 years ago
Other questions:
  • Bramble Corp. uses the FIFO method for internal reporting purposes and LIFO for external reporting purposes. The balance in the
    7·1 answer
  • If a person has liability insurance what would they be covered for
    5·1 answer
  • What are dividends?
    6·2 answers
  • What is the difference between gross pay and net pay?
    13·1 answer
  • Professor pott emphasizes that normal depression serves an adaptive function by slowing people down and preventing them from eng
    14·1 answer
  • The provision in a listing contract that gives additional authority to the broker and obligates the broker to distribute the lis
    11·1 answer
  • The slope of the PPF can also be expressed as the ratio of the marginal products of labor to the marginal product of capital. co
    9·1 answer
  • The directors ofMaendeleo ltd have recently appointed an administrator to help rescue the
    11·1 answer
  • What is the term for the idea that some goods will be overused and depleted if not regulated?
    13·1 answer
  • ________ is the framework that managers apply to determine the competitive moves and business approaches that run the company
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!