1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
olga2289 [7]
3 years ago
14

A partial list of a corporation's accounts shows the following account balances: Retained earnings, $300,000 Treasury stock, $10

,000 Dividends payable, $20,000 Paid-in capital in excess of par value, $55,000 Common stock, $200,000 How much is total stockholders' equity?

Business
1 answer:
podryga [215]3 years ago
6 0

Answer

The answer and procedures of the exercise are attached in the following image.

Explanation  

Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.  

You might be interested in
On December 31, the Income Summary account of Madison Company has a debit balance of $111,000 after revenue of $117,000 and expe
loris [4]

Answer:

a) See the image attached for the sheet of closing entry

b) New balance = (174000-111000-12000) = 51000

8 0
3 years ago
You are evaluating a project that will cost $500,000, but is expected to produce cash flows of $125,000 per year for 10 years, w
boyakko [2]

Answer:

1. 4 years

2. No

Explanation:

Payback period calculates the amount of time to recoup the total investment made on a project. It calculates how long the cash flows generated from a project would cover the cost of the project.

The cost of the project is $500,000

Cash flows are $125,000 per year for 10 years.

In the first year, the cost of the project is reduced by $125,000 and becomes $375,000.

In the second year, the cost of the project is reduced by $125,000 and becomes $250,000.

In the third year, the cost of the project is reduced by $125,000 and becomes $125,000.

In the fourth year, the cost of the project is reduced by $125,000 and becomes $0.

The cost of the project is totally recouped in the 4th year. therefore, the payback period is 4 years.

But the company has a preferred payback period of 3 years ,therefore , the firm won't undertake the project because the payback period is more than 3 years.

3 0
3 years ago
In a spreadsheet application, a ____ is identified using letters of the alphabet.
4vir4ik [10]
B) Columns are identified using letters in a spreadsheet application.
8 0
3 years ago
Read 2 more answers
Which of the following sample planning factors would influence the sample size for a substantive test of details for a specific
Savatey [412]

Answer:

Option "A" is correct. Expected amount of misstatements

Explanation:

7 0
2 years ago
Read 2 more answers
Culver Company has budgeted the following unit sales: 2022 2023 Quarter Units Quarter Units 1 108,000 1 94,000 2 63,000 3 73,000
kakasveta [241]

Answer:

Culver Company

Production Budget for 2022:

                                Quarter 1     Quarter 2   Quarter 3  Quarter 4    Total

Unit sales                   108,000      63,000        73,000     118,000    362,000

Ending inventory        12,600        14,600        23,600      18,800        18,800

Total units available 120,600       77,600        96,600    136,800    380,800

Beginning inventory   21,600       12,600         14,600     23,600       21,600

Production units        99,000      65,000        82,000     113,200    359,200

Explanation:

a) Data and Calculations:

 2022                   2023

Quarter Units    Quarter Units

1 108,000             1 94,000

2 63,000

3 73,000

4 118,000

                            Quarter 1     Quarter 2   Quarter 3  Quarter 4   Quarter 1

Unit sales                 108,000    63,000        73,000     118,000       94,000

Beginning inventory 21,600      12,600        14,600      23,600        18,800

Ending inventory      12,600      14,600        23,600      18,800

Production Budget for 2022:

                                Quarter 1     Quarter 2   Quarter 3  Quarter 4    Total

Unit sales                   108,000      63,000        73,000     118,000    362,000

Ending inventory        12,600        14,600        23,600      18,800        18,800

Total units available 120,600       77,600        96,600    136,800    380,800

Beginning inventory   21,600       12,600         14,600     23,600       21,600

Production units        99,000      65,000        82,000     113,200    359,200

6 0
3 years ago
Other questions:
  • Executive Office Supply, a small family-owned company, sells high-priced desks, some as expensive as $10,000, to executives in i
    11·1 answer
  • How much education or training do you need for a airline pilot study.com?
    10·1 answer
  • Use the following items to prepare a balance sheet and a cash flow statement.
    13·1 answer
  • 1. Formulate a unique business idea and state the mission and vision statements
    9·1 answer
  • What goals do the organizers have? What would mark a successful solution for them. Where does that solution fit on the Business
    12·1 answer
  • Technology can either shift the labor demand to the right or to the left, depending on its effect on the marginal product of lab
    15·2 answers
  • CORRECT PENN FOSTER ANSWER ONLY PLEASE
    11·1 answer
  • Look at the picture, which one is the correct answer?
    12·1 answer
  • Suppose the town of Boone has a total population of 70,000 people. Of those, 65,000 people are employed. There are 1,000 full-ti
    5·1 answer
  • What can you create best in PowerPoint Online?
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!