At the beginning of the year (January 1), Buffalo Drilling has $12,000 of common stock outstanding and retained earnings of $7,1
00. During the year, Buffalo reports net income of $7,400 and pays dividends of $2,100. In addition, Buffalo issues additional common stock for $6,900. Required: Prepare the statement of stockholders' equity at the end of the year (December 31).
An agent of a contracting officer is a person appointed in compliance with the subdivision of DFARS .and approved by the contracting agency in law to automate repetitive technological or essential functions.
A security officer is a man who shares information to interact and coordinate their events between two organizations.
a. The expected value of payout arise from emergency is
= 0.01 × $67,500
= $675
b. The expected value of payout arise from capped coverage insuance is
= (0.9 × $500) + (0.09 × $2,500)
= $675
c. The risk averse shows the minimum exposure with respect to the swings of the income or there would be the loss in the income. Since the payout amount is same in both the cases so here we considered option B