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3 years ago

What is the total stockholders' equity based on the following account balances?

Business

1 answer:

Rashid [163]3 years ago

3 0

Answer:

The total stockholders' equity amounts to $640,000

Explanation:

The total stockholders' equity is computed as:

Total stockholders' equity = Common Stock + Paid-In Capital in Excess of Par + Retained Earnings - Treasury Stock

where

Common Stock is $375,000

Paid-In Capital in Excess of Par is 90,000

Retained Earnings is 190,000

Treasury Stock is 15,000

Putting the values in the above:

= $375,000 + $90,000 + $190,000 - $15,000

= $655,000 - $15,000

= $640,000

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Required: Journal entry

lisabon 2012 [21]

Answer:

If a cheque was being issued to settle a account payable, the relevant entry is to debit the accounts payable account to show that the debt is being reduced. You will then credit the cash account to show that cash is being reduced as well because it was used to pay off the debt.

Date Account Title Debit Credit

XX-XX-XXXX Accounts Payable - Saurya Stores Rs. 39,000

Cash Rs. 39,000

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3 years ago

Which of the following statements refers to rent seeking? "There is an opportunity cost whenever the federal government spends t

puteri [66]

Answer:

Laws passed by the federal government often provide benefits for a small number of individuals. These individuals, in turn, have an incentive to contribute to the campaigns of politicians who pass these laws

Explanation:

When individuals or firms cunningly try to get benefits from government at the detriment of others it term rent seeking.

Implying they seek shelter under this laws that benefit them the most.

For example, certain tax laws may favor the weather citizens of a country and they (the wealthier citizens) may take advantage of that.

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3 years ago

Read 2 more answers

A proposed new project has projected sales of $132,000, costs of $66,000, and depreciation of $13,500. The tax rate is 30%. Calc

Verizon [17]

Answer:Operating cash flow $ _50,250__

Yes, the answer is same in each case

Explanation:

a) EBIT + Depreciation - Tax

= ($132,000-$66,000-$13,500) + $13,500 - Tax

= $52,500 + $13,500-(30% x $52,500)

=$52,500 + $13,500-15,750

EBIT + Depreciation - Tax=$50,250

b)Top down OCF = EBIT - (EBIT x Tax) + Depreciation

Top down OCF = $52,500 - ($52,500 x 30%) + $13,500

Top down OCF = $52,500 -15,750 + $13,500

Top down OCF =$50,250

Tax shield OCF =(Sales - Cost)(1-t) + Depreciation (t)

Tax shield OCF = ($132,000-$66,000) (1-0.30) + ($13,500 x0.30)

Tax shield OCF =$66,000 x 0.7 + 4,050

Tax shield OCF = 46,200+ 4,050

Tax shield OCF = $50,250

Bottom Up OCF = Net Income + Dep

Bottom Up OCF =($132,000-$66,000-$13,500 ) - Tax ) + Dep

Bottom Up OCF = $52,500-(0.3 x $52,500 )+ $13,500

Bottom Up OCF = $52,500 -15,750 + $13,500

Bottom Up OCF =$50,250

2. Yes, the answer is same in each case

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3 years ago

How does communication aids to trade

Alexus [3.1K]

Answer:

Aids to trade communication

Aids to trade includes Transport, Communication, Warehousing, Banking, Insurance, Advertising, Salesmanship, Mercantile agents.

Trade promotion organizations in a country and Global organizations for international trade. These important auxiliaries ensure a smooth flow of goods from producers to the consumers.

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3 years ago

The PTA is holding a raffle. The prize is a camera worth $200. Each raffle ticket costs $5. One hundred tickets are sold and a w

Illusion [34]

Expected value of the purchase of a ticket would be $3.00.

Explanation:

Given,

Raffle ticket costs = $5.00.

The prize = $200.

One hundred tickets are sold = 100 × 5

= $500.00

champ is drawn and given the prize of worth $200.

$500 - $200 = $300

So the normal estimation of the bought ticket = $3.00

The expected estimation of the acquisition of a ticket would be $3.00.

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3 years ago

Read 2 more answers