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wel
3 years ago
7

Barsuk Company began the year with stockholders' equity of $108,000. During the year, Barsuk issued stock for $147,000, recorded

expenses of $420,000, and paid dividends of $28,000. If Barsuk’s ending stockholders' equity was $290,000, what was the company’s revenue for the year?
Business
1 answer:
g100num [7]3 years ago
6 0

Answer:

The company’s revenue for the year is $483,000

Explanation:

The computation of the revenue is shown below:

The ending balance of the stockholders' equity  = Beginning balance of stockholders' equity + issued shares - expenses + income - dividend paid

$290,000 = $108,000 + $147,000 - $420,000 + income - $28,000

$290,000 = - $193,000 + income

So, the income would equal to

=  $290,000 + $193,000

= $483,000

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49. Lodge Inc. reported pretax book income of $5,000,000. During the year, the company increased its reserve for warranties by $
eduard

Answer:

Unfavorable (increases taxable income).

Explanation:

$200,000-$50,000=$150,000Unfavorable (increases taxable income)

Book income would be $150,000 less than taxable income because the company increased its reserve for warranties by $200,000 and then went ahead to deduct $50,000 on its tax return related to warranty payments made during the year which is why the impact on taxable income compared to pretax book income of the book-tax difference that results from these two events will be $150,000 Unfavorable (increases taxable income).

6 0
3 years ago
On July 1 the FISHER Shoe Store paid 15,000 to Acme Realty for 6 months rent beginning July 1. Prepaid Rent was debited for the
spin [16.1K]

Answer and Explanation:

The adjusting entry is as followS:

Rent expense $2,500

      To Prepaid rent $2,500

(Being rent expense is recorded)

Here the rent expense is debited as it increased the expenses and credited the prepaid rent as it decreased the assets

The rent for one month is

= $15,000 ÷ 6 months × 1 month

= $2,500

7 0
2 years ago
there is a technological improvement in the production of good x. as a result, the curve for good x will shift resulting in a(n)
bulgar [2K]

There would a shift to the right of the supply curve. The equilibrium price would decrease and the equilibrium quantity would increase.

<h3>What is the impact of technological improvement?</h3>

Technological improvement in the production process means that there is an advancement or update in the technologies that are used in the production process. For example, progress from storing information in files to storing information in the cloud is an example of technological improvement.

A  technological improvement in the production of  a good would make it easier to produce a good. Thus, the supply curve would move forward.

Equilibrium quantity would increase. Due to the increase in quantity supplied, price has to decline in order to induce consumers to buy more of the product.  Equilibrium price would decrease.

To learn more about an increase in supply, please check: brainly.com/question/14727864

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3 0
2 years ago
With crews working shifts that span 24 hours a day, what is the most important thing for Satya to keep in mind as she prepares h
Ilia_Sergeevich [38]

Answer: d. Look into the camera more than the live audience

Explanation:

It is best that Satya looks into the camera as the speech is being given because it will be replayed to other shifts. When it is replayed to those shifts, they need to get the impression that she is looking at them as she gives the speech.

This is not a necessity with the live audience because she is already in front of them and looking at the camera does not mean that she would not be looking at them based on the location of the camera. It is however, more important that she looks in the camera for the benefit of the next shifts.

8 0
2 years ago
What type of good is often provided by the government because it is hard to get people to voluntarily contribute their fair shar
gayaneshka [121]

Answer:

Option (D) is the right answer.

Explanation:

According to the scenario, the most appropriate answer is option (D) because public goods are given by the government and It can be used by everyone at a time and without any cost.

While the other options are incorrect because of the following reasons:

  • Private goods are not given by the government.
  • Club goods can be given by the government but at a cost.
  • Common resource goods are of government and can not be used by everyone.
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5 0
3 years ago
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