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
Wittaler [7]
3 years ago
15

Yellow Enterprises reported the following ($ in 000s) as of December 31, 2018. All accounts have normal balances. Deficit (debit

balance in retained earnings) $ 3,000 Common stock 2,700 Paid-in capital-treasury stock 1,300 Treasury stock at cost 260 Paid-in capital—excess of par 31,500 During 2019 ($ in 000s), net income was $10,300; 25% of the treasury stock was resold for $540; cash dividends declared were $800; cash dividends paid were $430. What ($ in 000s) was shareholders' equity as of December 31, 2018?
Business
1 answer:
horsena [70]3 years ago
3 0

Answer:

The shareholders equity as of 31 December, 2018 is $32,240

Explanation:

Here for calculating the shareholders equity we will first have to find the total paid in capital of the Yellow enterprises and after that we will subtract the deficit balance that is remained in the retained earnings account, by doing this we will get the total paid in capital and retained earnings. Now we just have to subtract the treasury stock from the total paid in capital and retained earnings to get the remaining balance , which would be the shareholders equity of the Yellow enterprises.

so first step would be taking out total paid in capital =

                         common stock

                                   +

                         paid in capital(excess of par)

                                   +

                        paid in capital treasury stock

=       2700 + 31,500 + 1300

Total paid in capital = $35,500

Next step is to subtract deficit balance in retained earnings from this to get the total paid in capital and retained earnings =

   total paid in capital - deficit balance in retained earnings

Total paid in capital and retained earnings = $35,500 - $3000

                                                                        = $32,500

Now the last step for taking out shareholders equity we will subtract the treasury stock from the total paid in capital and retained earnings,

Shareholders equity = total paid in capital and retained earnings

                                                          -

                                              treasury stock at cost

                                   = $32,500 - $260

                                    = $32,240

You might be interested in
An argument for trade tariffs is that it protects infant industries.
3241004551 [841]

Answer:

The infant industry argument is an economic rationale for trade protectionism. The core of the argument is that nascent industries often do not have the economies of scale that their older competitors from other countries may have, and thus need to be protected until they can attain similar economies of scale.

4 0
2 years ago
A good with many close substitutes is likely to have relatively ___________(elastic,inelastic) demand, since consumers can easil
butalik [34]

Answer:

Elastic demand

A heart valve

Explanation:

A good with many close substitutes will have a highly elastic demand. This is because an increase in the price of the good will causes the consumers to purchase one of its cheaper substitutes.  

If both a diamond necklace and a heart valve for heart attack victims are priced the same, the price elasticity for the heart valve will be lower. This is because the diamond necklace is a luxury good but the heart valve is necessary for the survival of the victim.

6 0
2 years ago
What is an antonym for delicate?
MAXImum [283]
A antonym for delicate could be firm
8 0
3 years ago
Total revenue equals A. change in price per unit times quantity sold. B. price per unit times change in quantity sold. C. price
Dmitriy789 [7]

Answer:

C. price per unit times quantity sold.

Explanation:

Total revenue is defined as the revenues that are received from the sales of units of goods and services. It is price multiplied by quantity sold.

Total revenue can also be seen as price per unit times quantity is sold. For example if the unit price of a good is $2 the price per one unit is $2. When 20 units are sold the price per units sold is 20* $2= $40.

So times that a defined unit of goods is sold multiplied by price gives the total revenue.

7 0
3 years ago
Michael is the owner of a company that manufactures mp3 players for cars. He wants to expand his business, so he decides to laun
Grace [21]

Answer:

B) Cannibalization occurs when the sales of a new brand take away from sales of an existing brand. Whenever a firm sells a new product it must look out for cannibalization. Michael's new mp3 players are cannibalizing the sales of his old players.

Explanation:

Market cannibalization occurs when a company's new product line crowds out the existing market for its current products, rather than expanding the company's market base as originally intended. In other words, rather than appealing to an additional segment of the market, a new product line appeals to the company's current market, reducing the demand for its established products. In this respect, market cannibalization is an instance in which a company's own two product lines compete against one another.

5 0
2 years ago
Other questions:
  • Janice spends her weekends with her friends at shopping malls. She acknowledges that her weekend shopping outing is driven by bo
    9·1 answer
  • Tennies Clinic uses client-visits as its measure of activity. During November, the clinic budgeted for 3,700 client-visits, but
    5·1 answer
  • In a society with a market economy, property rights are generally enforced by
    5·1 answer
  • With 100 employees on staff, your company's insurance company recommended an online two-hour seminar each employee should watch
    14·1 answer
  • Suppose a mutual fund qualifies as having moderate risk if the standard deviation of its monthly rate of return is less than 3​%
    12·1 answer
  • The balance in Accounts Receivable at the beginning of the year amounted to $3,360. During the year, $10,640 of credit sales wer
    15·1 answer
  • g If all resources used in the production of a product are increased by 10 percent and output increases by less than 5 percent,
    5·1 answer
  • If aggregate expenditures increase by $14 billion and equilibrium GDP consequently increases by $70 billion, then the marginal p
    10·1 answer
  • Importance of hotel managers in points​
    10·1 answer
  • The five 10-year semi-annual coupon bonds listed below are of comparable risk and have the same call provision: 5 years of call
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!