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Morgarella [4.7K]
4 years ago
15

Eagle Corp. operates Magnetic Resonance Imaging (MRI) clinics throughout the Northeast. At theend of the current period, the com

pany reports the following amounts: Assets = $50,000; Liabilities= $27,000; Dividends = $3,000; Revenues = $14,000; Expenses = $9,000.Required:1.Calculate net income.2.Calculate stockholders' equity at the end of the period.
Business
1 answer:
8_murik_8 [283]4 years ago
4 0

Answer:

Net Income = $5,000

Stakeholder's Equity = $23,000

Explanation:

Net Income

Revenue        $14,000

-Expenses       <u>$9,000</u>

=Net income   $5,000

Assets = $50,000

Liabilities = $27,000

Accounting Equation:

Assets = Stockholder's equity + Liabilities

$50,000 = Stockholder's equity + $27,000

Stockholder's equity = $50,000 - $27,000

Stockholder's equity = $23,000

Net income of Eagle Corp. is $5,000 and Stockholder's equity is $23,000.

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Suppose the narrator’s company instituted a policy in which employees have to tell HR any time they receive a corporate gift wor
Gre4nikov [31]

Answer:

C. more than the Red Sox tickets

Explanation

Based on the scenario being describe it can be said that It is likely that the small gifts would influence the narrator more than the Red Sox tickets. This mainly because the little gifts will sum up over time since they have been receiving them for about 7 months, instead of Red Sox tickets which would be the same repeated event every time.

4 0
4 years ago
Read 2 more answers
Velma contracts with Gordon, who agrees to build a stone retaining wall and French drain on her property. The wall and drain are
dlinn [17]

Answer:

Mitigate her damages.

Explanation:

In this scenario, Velma contracts with Gordon, who agrees to build a stone retaining wall and French drain on her property. The wall and drain are necessary to prevent erosion of her land, which is falling into the creek on her property at a rapid rate. If Gordon breaches the contract by failing to get to work, Velma is under a legal obligation to mitigate her damages.

Velma has the legal rights and responsibilities to make sure she does anything humanly possible to reduce or lessen the damages to her property.

She could sue Gordon for not getting to work or failing to start work thereby causing more damage.

7 0
3 years ago
Maggie Sharrer Company borrows $88,500 on September 1, 2022, from Sandwich State Bank by signing an $88,500, 12%, one-year note.
faust18 [17]

Answer:

The accrued interest at December 31, 2022 amounts to $3,540

Explanation:

Accrued Interest = Amount borrowed × rate × Number of months/ 12

where

amount borrowed is $88,500

rate is 12%

= $88,500 × 12% × 4/12

= $3,540

The accrued interest for one year note is $3,540

Note: Number of months from September to December will be 4 months that is September, October, November and December.

8 0
4 years ago
Which of the following strategies helps to smooth utilization of​ facility, equipment, and​ personnel? A. Market aggressively wh
svetlana [45]

Answer:

Letter C is correct. <u>Offer products with complementary demand patterns​ (e.g., jet skis and​ snowmobiles).</u>

Explanation:

This alternative is correct, as this strategy can be related to strategic capacity management, which can be defined as understanding the characteristics of organizational processes, which optimizes the use of the company's operational capacity.

Therefore, the strategy exemplified in alternative C, helps the organization to offer the desired quantity of products or services and helps to facilitate the use of facilities, equipment and personnel.

3 0
3 years ago
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The following data are available relating to the performance of Sooner Stock Fund and the market portfolio:
Oliga [24]

Answer:

2.6%

Explanation:

Jensen Measure is calculated using the below formula

Jensen Alpha = Rp - (Rf + beta*(Rm - Rf))

Where Rp = Return on portfolio = 20%, Rf = risk free rate = 3%, Beta = Beta of portfolio = 1.8 and Rm = Market return = 11%

Jensen Alpha = 20 - (3 + 1.8*(11-3))

Jensen Alpha = 20 - (3 + 1.8*8)

Jensen Alpha = 20 - (3 + 14.4)

Jensen Alpha = 20 - 17.4

Jensen Alpha = 2.6%

6 0
3 years ago
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