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erastovalidia [21]
3 years ago
10

Jamal Company began the year with $75,000 in its Common Stock account and a credit balance in Retained Earnings of $24,000. Duri

ng the year, the company earned net income of $35,000 and declared and paid $10,000 of dividends. In addition, the company sold additional common stock amounting to $15,000. Based on this information, what is the ending total of stockholders' equity?
Business
1 answer:
Mumz [18]3 years ago
8 0

Answer:

Ending balance of stockholders' equity is $139,000.

Explanation:

Retained earnings is the retained profit less the dividends paid.

Given,

Retained earnings (beginning balance) = $24,000

Net Income = $35,000

Dividends paid = $10,000

Retained earnings (ending balance) = Retained earnings (beginning balance) + Net Income - Dividends paid

Retained earnings (ending balance) = $24,000 + $35,000 - $10,000

Retained earnings (ending balance) = $49,000

Now, stockholders' equity can be calculated as:

Stockholders' equity (ending balance) = Stockholders' equity (beginning balance) + Retained earnings (ending balance) + Additional common stock (issued)

Stockholders' equity (ending balance) = $75,000 + $49,000 + $15,000

Stockholders' equity (ending balance) = $139,000

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Using emails to communicate asynchronously is not a good idea for all of the reasons below except ________.
elixir [45]

Answer:

The correct answer is A. Using emails to communicate asynchronously is not a good idea for all of the reasons below except email threads are organized.

Explanation:

Communication via email is very efficient for exchanging non-instantaneous messages, that is, in those in which information is transmitted that does not require constant exchange, such as a chat or a phone call. Therefore, in the case of asynchronous communication, the exchange of emails can cause some part of the communication to be lost, or the messages may be misinterpreted because they are out of order. This provided that the thread of the messages is not ordered, otherwise this misunderstanding could be avoided.

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3 years ago
L Brands, which owns Victoria’s Secret, had to decide what to do with the struggling division. The decision executives at L Bran
Troyanec [42]

Answer:Non- Programmed Decision

Explanation:

In deciding who to hire, L Brands executives had to consider multiple options, which made the decision poorly defined.

So also, the decision had huge important consequences for the company: Picking the wrong CEO could be very costly and may lead to it winding up.

3 0
3 years ago
True or False: The statistical difference between a process operating at a 5 sigma level and a process operating at a 6 sigma le
Nookie1986 [14]

Answer:

True

Explanation:

The statement is true.

8 0
4 years ago
How is distribution and selling connected?
olganol [36]

Answer:

Manufacturers produce or make products. They typically sell them to wholesalers or distributors that have expertise in getting products to retailers. Retailers then hold inventory and market the goods to consumers that purchase them for personal or family consumption.

5 0
3 years ago
Glenville Company has the following information for April:
AURORKA [14]

Answer:

cost of goods manufactured= $144,000

Explanation:

Giving the following information:

Cost of direct materials used in production $48,000

Direct labor 59,000

Factory overhead 37,000

Work in process inventory, April 1 40,000

Work in process inventory, April 30 40,000

<u>To calculate the cost of goods manufactured, we need to use the following formula:</u>

cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP

cost of goods manufactured= 40,000 + 48,000 + 59,000 + 37,000 - 40,000

cost of goods manufactured= $144,000

8 0
3 years ago
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