Answer:
during January 2013. The charter authorized the following capital stock:
Preferred stock: 8 percent, par $10, authorized 20,000 shares.
Common stock: par $1, authorized 50,000 shares.
During 2013, the following transactions occurred in the order given:
a. Issued a total of 45,000 shares of the common stock for $20 per share.
b. Issued 12,000 shares of the preferred stock at $21 per share.
c. Issued 3,500 shares of the common stock at $25 per share and 1,200 shares of the preferred stock at $21.
d. Net income for the first year was $53,000.
Required:
Prepare the stockholders� equity section
Answer:
7.9%
Explanation:
The rate of return is the ratio of return to the amount invested.
Since the property earns $4,650 per month,
Therefore;
$4,650 × 12 = $55,800
To get the annual rate of return,
= Monthly returns on property/Value of profit×100%
= $55,800/$710,000
=7.9%
Answer:
credit.
Explanation:
Taxation can be defined as the involuntary or compulsory fees levied on individuals or business entities by the government to generate revenues used for funding public institutions and activities.
A tax incentive can be defined as benefits such as deductions, exclusions or exemptions given by the government to individuals or businesses so as to motivate them to save or spend money by reducing their tax rates i.e the amount of money to be paid as tax.
In the United States of America, if an individual or a patient purchase health insurance from a federal- or state-facilitated (sponsored) health insurance marketplace, then he or she is eligible for a premium tax credit payable by the internal revenue service (IRS).
This ultimately implies that, a premium tax credit is a refundable tax credit and it reduces the amount of money an individual or household would pay for his or her monthly health insurance payments when purchased through the health insurance marketplace.
An example is the Affordable Care Act (ACA) which was formally known as the Patient Protection and Affordable Care Act (Obamacare). It is a federal statute of the United States of America which was enacted by the 111th US Congress and signed into law by President Barack Obama. The Affordable Care Act (ACA) became effective on the 23rd of March, 2010 and it focused on making affordable health insurance available to qualified people or households through cost-sharing reductions and premium tax credits (subsidies).
ans)
Total Assets (given) - Total Liabilities (given) = Total Stockholders' Equity (plug)
221066899 - 121082334 = 99984565
New stock issued = 75000 X 37.61 = 2820750
Total Stockholders' Equity (above) - New stock issued (above) = Old Stock
99984565 - 2820750 = 97163815
Total Assets / Total Stockholders' Equity = Leverage
221066899 / 99984565 = 2.21 or 2.7
Since this gives us the desired leverage figure, we can be confident of TA, TSE, and TL
True statements are:
1. Total liabilities = 121082334
2. Baldwin will issue stock totalling $2820750
3.Total Assets will rise to $221066899
Hope this helps you
I would choose Nike because they have a saying and it is catchy. What makes their advertisement successful would be that they make new commercials every month and they don’t show the same one over and over again.
