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natita [175]
3 years ago
5

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).
Business
1 answer:
Mrrafil [7]3 years ago
3 0

Answer:

                                Statement of stockholders' equity

                              at the end of the year (December 31)

                                     <u>Common Stock</u>        <u>Retained Earning</u>       <u>Total</u>

Opening Balance              $12,000                       $7,100               $19,100

Income for the year                                                $7400              $7400

Dividend Paid                                                        ($2,100)             ($2,100)

Common stock issuance  <u> $6,900  </u>                  <u>                 </u>           <u> $6900  </u>

End of the year Balance    $18,900                    $12,400             $31300

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Assume that the reserve ratio is 20% and banks in the system are loaning out all their excess reserve. If people collectively ca
Alex17521 [72]

Answer:

C. decreased by $40 billion

Explanation:

For computing the lending ability, first we have to determine the money multiplier which is shown below:

We know that

Money multiplier = 1 ÷ reserve ratio

                            = 1 ÷ 20%

                            = 5

So, the total cash would be

= $10 billion × $5

= $50 million

Now the lending ability would be

=$50 billion × (1 - 20%)

= $50 billion × 0.80

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6 0
3 years ago
A lot of estimates go into the final calculation to determine market size, and each component needs to be as precise as possible
natulia [17]

True, A  lot of estimates go into the final calculation to determine market size, and each component needs to be as precise as possible. Otherwise, the errors in the estimation get compounded.

What does market size actually mean?

  • The total number of prospective customers for a good or service inside a certain market, along with the potential revenue from those sales, make up the "market size."
  • For a number of reasons, it's critical to determine and comprehend market size.

What is an example of market size?

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3 0
1 year ago
Jones Company sells an average of 200 chairs per week, of which 30% are regular chairs and 70% are executive chairs. Regular cha
MissTica

Answer:

Contribution margin per unit: $42.9

Total contribution margin: $8,580

Explanation:

The contribution margin per unit is calculated by calculating the total contribution margin, which is basically the total sales, minus the costs of production, in this cae we have that we sold:

60 regular chairs

140 executive charis

Now the total in sales is:

Regular sales: $6,000

Executive chairs: $23,800

The variable cost of each is:

Regular chairs: $3720

Executive chairs: $17,500

We add up the sales and withdraw from it the total variable cost:

29,800-21,220=8,850

The total contribution margin is equal to $8850.

And the contribution margin per unit is given by dividing the total contribution margin by the number of units sold:

8850/200=  42.9

So the contribution margin per unit is 42.9 dollars.

7 0
3 years ago
Compute the current output of the economy. round your answer to at least three decimal places. do not include commas, dollar sig
Molodets [167]

Current output Y = AK^(alfal)L^(1- alfa)

Here A = 100

K= 50,000

L = 100

a ( Alfa) =o.33

Y= 100*(50,000)^0.33*(100)^0.66= 5642.296

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8 0
2 years ago
In the workplace today, more emphasis is being put on mental health. But sometimes, employees don't want to be seen as being una
KonstantinChe [14]

Answer:

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