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
Svet_ta [14]
3 years ago
13

Midyear on July 31st, the Baldwin Corporation's balance sheet reported: Total Liabilities of $101.255 million Cash of $8.040 mil

lion Total Assets of $163.111 million Retained Earnings of $34.226 million. What was the Baldwin Corporation's common stock
Business
1 answer:
kkurt [141]3 years ago
5 0

Answer:

Stock = 27.629 million

Explanation:

<u>Baldwin Corporation</u>

<u>Balance Sheets</u>

<u>Assets</u>

Cash of $8.040 million

Total Assets $163.111 million

<u>Liabilities and Owner's Equity </u>$163.111 million

Stock 27.629 million

Total Liabilities  $101.255 million

Retained Earnings  $34.226 million

According to Balance sheet approach total assets must equal total liabilities and Owner's Equity.

Total assets including cash are given which are equal to $163.111 million  and when we subtract total liabilities and retained earning from it we get the value of stock.

Stock = Total Assets- Total Liabilities - Retained Earnings

Stock = $163.111 million - $101.255 million-$34.226 million

Stock = 27.629 million

You might be interested in
In a certain city last year, sales of treadmills were 50,000 units. Exercise Unlimited had a market share of 75 percent, followe
Alla [95]

<u>Answer:</u>

<em>Rico sporting goods sold 8500 treadmills last year. </em>

<u>Explanation:</u>

If total sales of treadmills were 50,000 then the 3 major companies hold the market share with different rates. The Rico sporting goods market share is 17% which means last year it sold 17% of total sales. Therefore 50,000 \times 17% =8500.

Hence, The Rico sporting goods share in the total sales is 8500. Therefore, it can be said that the sales of last year of each company is 37,500  8500  and 4000 respectively.

4 0
3 years ago
Jenny would like to know whether she has budgeted enough money per month for groceries while she is in college. She takes a repr
mart [117]

Answer:

SIGNIFICANCE TEST

Explanation:

Significance tests give us a formal process for using sample data to evaluate the likelihood of some claim about a population value . The significance level for a given hypothesis test is a value for which a P-value less than or equal to is considered statistically significant. Typical values for are 0.1, 0.05, and 0.01. These values correspond to the probability of observing such an extreme value by chance

4 0
3 years ago
XYZ, Inc. just sold 700,000 shares in a public offering for an offering price of $24 per share. The underwriting fee was 7.50% o
pochemuha

Answer:

explicit costs = $1,260,000

the implicit costs = $8,400,000

total costs = $9,660,000

Explanation:

the underwriter's explicit costs = total number of shares x initial price x % charged by underwriter = 700,000 x $24 x 7.5% = $1,260,000

the implicit costs = (market price - initial price) x total number of shares = ($36 - $24) x 700,000 = $8,400,000

total costs = $9,660,000

8 0
3 years ago
Which of the following statements about S corporations is most accurate? Any corporation willing to pay the necessary fees and f
Vedmedyk [2.9K]

Answer:

The major attraction of S corporations is that they avoid the problem of double taxation

Explanation:

Am S corporation is also called a small enterprise corporation that providers liability protection for its owners.

The business is considered.to.ba an independent entity, so if the corporation is liable to pay a judgement sum the owners will not be asked to use their personal funds to repay.

One key feature.os S corporation is that tax is passed along. The tax to be paid by the business is transfered to the owners.

So taxis only paid once. This avoids double taxation where the business is taxed and owner also taxed.

4 0
3 years ago
In 3-4 sentences describe how economic liberty helps water the "money tree" in a free enterprise.
il63 [147K]

Answer:

It helps giving you the ability to choose what you think is best for your business

Explanation:

Vic, using the money tree metaphor is awesome in order to explain. Think about your free enterprise (let’s say… a store that sells trees!).

What you need in order to start and run a business? A place to sell those trees, employees, products, infrastructure, etc., and capital to fund all that. All that business plans and models that you will develop in order to have a successful business will require that you make economic decisions, actions. And, in order to make those decisions, you need economic liberty, which is exactly the ability one has to make economic decisions without political, economic or social blocks.

Imagine that in your region you can only sell trees with red leaves, or your trees are taxed much more than trees coming from overseas, or that employment law requires that no employee gets near a plant (who knows, it could be to prevent allergic season!). That would make super hard to develop your business right?

That’s how economic liberty could help you grow your money tree; into giving you the ability to choose what you think is best for your business.

6 0
4 years ago
Other questions:
  • Oregon, there are several Italian restaurants, each offering slightly different items prepared in slightly different ways. It is
    5·1 answer
  • Why is infrastructure a public good
    12·1 answer
  • Lucas is concerned that even if he puts forth effort and performs as expected, there are other individuals (i.e., flight crew, g
    12·2 answers
  • Choose the system of linear inequalities that represent the given scenario. Let a represent the number of adult tickets and let
    9·2 answers
  • 1. Imagine you have $15,000 saved in a personal account to help supplement your
    5·1 answer
  • On January 1, Concord Corporation had 113000 shares of $10 par value common stock outstanding. On March 17 the company declared
    15·1 answer
  • A performance that occurs before the official opening night of a play that is used to allow the actors to get used to an audienc
    11·1 answer
  • You want to buy XYZ public company. The company currently has a dividend of $3.12, but has indicated they will increase the divi
    8·1 answer
  • Why Corporations Hedge?
    14·1 answer
  • What is the importance of TNC for developing countries?.
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!