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Gennadij [26K]
3 years ago
8

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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In a recent year Bonita Industries had net income of $130000, interest expense of $50000, and income tax expense of $21000. What
denis-greek [22]

Answer:

b. 4.02

Explanation:

Time interest earned is actually tells us how many times it's interest is the company earning so that formula for times interest earned is

Earnings before income and tax/Interest expense.

So we have to add interest expense and tax expense back to net income.

130,000+50,000+21,000=201,000

201,000/50,000=4.02

4 0
3 years ago
O’Hara Associates sells golf clubs, and with each sale of a full set of clubs provides complementary club-fitting services. A fu
makvit [3.9K]

Answer:

$60.00

Explanation:

Calculation to estimate the stand-alone selling price

Hara Amount $ Note

Staff compensation $50.00

Mark up % 20%

Mark up amount $10.00

(20%*$50)

Standalone selling price of club fitting services $60.00

($50.00+$10.00)

Therefore the estimated stand-alone selling price will be $60.00

8 0
3 years ago
Consider the relationship between monopoly pricing and the price elasticity of demand. If demand is inelastic and a monopolist__
miss Akunina [59]

Answer:

raises;larger;decrease;always.

Explanation:

Consider the relationship between monopoly pricing and the price elasticity of demand. If demand is inelastic and a monopolist raises its price, quantity would fall by a larger percentage than the rise in price, causing profit to decrease. Therefore, a monopolist will always produce a quantity at which the demand curve is elastic because he or she will be maximizing profits.

A monopolistic market is a type of market structure that is typically characterized by a single supplier or seller of a particular product without any competition from any other in the market. The features of a monopolistic market are;

- Single seller.

- Profit maximizer.

- Price maker.

- High barriers to entry for others.

- Price discrimination.

- No close substitutes or competition.

3 0
3 years ago
Campbell Co. has net sales revenue of $1,340,000, cost of goods sold of $760,900, and all other expenses of $299,000. The beginn
Softa [21]

Answer:

3.50

Explanation:

Given the information above, we need to find first the Average fixed assets.

Average fixed assets = Fixed assets beginning balance + Fixed assets ending balance / 2

= ($370,000 + $398,000) / 2

= $384,000

Then , the fixed assets turnover will be calculated as;

Fixed assets turnover = Net revenue / Average net fixed assets

= $1,340,000 / $384,000

= 3.50

Therefore, Campbell Co. Fixed asset turnover ratio would be 3.50

5 0
2 years ago
A form of foreign direct investment, where a domestic company purchases a company in a foreign country to produce a similar prod
Sergio [31]

Answer:

c. foreign subsidiary

Explanation:

Foreign subsidiary -

It refers to a company which is partially or completely , part of some large firm , whose main office is located in some other country , is referred to as a foreign subsidiary .

It is a form of foreign direct investment method , where a company purchases any other company , where the company supposed to manufacture , sell or produce the same type of goods and services .

Hence, from the given information of the question,

The correct option is c. foreign subsidiary .

5 0
3 years ago
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