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EastWind [94]
3 years ago
15

During its first year of operations, Anthony Lupa set up Lupo Inc. and invested $15,000 in the corporation. The company earned $

35,000 of revenues and incurred $23,000 of expenses. A cash dividend of $2,000 was paid to Anthony. At the end of the year, the company's equity totaled:__________.a. $13,000b. $15,000c. $25,000d. $75,000
Business
1 answer:
Annette [7]3 years ago
6 0

Answer:

Company's equity = $25,000

Explanation:

Given:

Amount invested = $15,000

Earned Revenue = $35,000

Expenses = $23,000

Cash dividend = $2000

Find:

Company's equity

Computation:

Company's equity = $15,000 + $35,000 - $23,000 - $2,000

Company's equity = $25,000

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I found this data from Table 7.3
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</span> <span> 5                       105
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</span></span></span><span> <span> </span><span><span> Labor cost        Output Sales
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</span></span></span><span> <span> </span><span><span> Labor Input     Output      Labor cost    Output Sales <span>   Revenue</span>
</span> <span> 0                         0                 0                      0                        0
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Labor Unit 4 and 5 both have a revenue of 480. It is the maximum revenue. I think the best option would be C. 4 UNITS.

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6 0
3 years ago
Digital Fruit is financed solely by common stock and has outstanding 40 million shares with a market price of $20 a share. It no
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Answer:

Digital Fruit

The expected market price of the common stock after the announcement is:

$20 per share.

Explanation:

Outstanding number of shares = 40 million

Market price of outstanding shares = $20 a share

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Market capitalization after the debt issue = $490 million ($800 - 310 million)

Number of shares bought back = $310 million /$20 = 15,500,000

Outstanding number of shares after the buy-back = 40 million minus 15.5 million

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= $20 per share

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JulijaS [17]

Answer: it doesn't matter.

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3 years ago
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4 0
3 years ago
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Harman [31]

Answer:

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= $444,444.44

Hence the amount of money that will be paid for the policy is $444,444.44

4 0
3 years ago
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