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Mariana [72]
3 years ago
13

At the beginning of its current fiscal year, Willie Corp.’s balance sheet showed assets of $10,100 and liabilities of $6,900. Du

ring the year, liabilities decreased by $1,200. Net income for the year was $3,000, and net assets at the end of the year were $3,900. There were no changes in paid-in capital during the year. Required: Calculate the dividends, if any, declared during the year. Indicate the financial statement effect. (Enter decreases with a minus sign to indicate a negative financial statement effect.)

Business
1 answer:
Viefleur [7K]3 years ago
3 0

Answer:

Dividends = 6,000

Explanation:

Ending liabilities = Beginning liabilities - Decrease in liabilities

                           = $6,900 - $1,200

                           = $5,700

Ending net assets = Ending total assets - Ending total liability

 $3,900                = Ending total assets - $5,700

Ending total assets = $3,900 + $5,700

                                = $9,600

Ending RE =  Ending total assets - Ending liabilities

                 = $9,600 - $5,700

                 = $3,900

Dividend = Beginning RE + Net income - Ending RE

               = $6,900 + $3,000 - $3,900

               = $6,000

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The basic formula for the price elasticity of demand coefficient is.
Kitty [74]

Percentage change in quantity demanded/percentage change in price is the basic formula for the price elasticity of demand coefficient.

<h3 /><h3>What is price elasticity?</h3>

Price elasticity is the degree of an individual that person or a consumer can pay to the change in the price of the commodity, it is calculated the price a consumer is willing to pay versus the amount of quantity supplied to the person.

Thus, Percentage change in quantity demanded/percentage change in price

For more details about Price elasticity, click here:

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4 0
2 years ago
If equilibrium price falls and the equilibrium quantity of the good purchased decreases, what has happened to either the supply
Sindrei [870]

Answer:

Demand decreases.

Explanation:

If demand decreases while supply remains unchanged, equilibrium price and quantity would fall.

If supply increases, equilibrium price would fall and quantity would rise.

If supply decreased, equilibrium price would rise and quantity would fall

If demand increases, equilibrium price and quantity would rise.

I hope my answer helps you

4 0
3 years ago
Professional etiquette suggests you should send a(n) ____ to each person who agrees to meet with you in support of your career e
olchik [2.2K]

Answer:

handwritten thank-you note

Explanation:

Professional etiquette can be regarded as ways of being able to live comfortably when with people and making them comfortable when they are arround you. They are general

guidelines as well as behavior that are needed in professional setting. It should be noted that Professional etiquette suggests you should send a

handwritten thank-you note to each person who agrees to meet with you in support of your career exploration.

5 0
3 years ago
Sarah has created a presentation to convince the executives at Sit Happens dog care, a regional chain of full service dog boutiq
ziro4ka [17]

Answer:

Answer is B. She should use 28-point fonts for titles and 18-point fonts for body text.

Refer below.

Explanation:

Sarah has created a presentation to convince the executives at Sit Happens dog care, a regional chain of full service dog boutiques, to include behavioral training in employee interactions with canine clients. It hits every mark but one: it is difficult to visually distinguish key points from the rest of the slides. As a trusted colleague, the suggestion beloe might you give her to improve her presentation for ease of processing:

She should use 28-point fonts for titles and 18-point fonts for body text.

6 0
3 years ago
Read 2 more answers
Davison Toaster Corp. sells its products for $250 per unit. It has the following costs:
dolphi86 [110]

Answer:

Break-even point in units= 1,860

Explanation:

Giving the following information:

Selling price= $250 per uni

Fixed costs= 109,900 + 290,000= $399,900

Unitary variable cost= 29 + 6= $35

<u>To calculate the break-even point in units, we need to use the following formula:</u>

Break-even point in units= fixed costs/ contribution margin per unit

Break-even point in units= 399,900 / (250 - 35)

Break-even point in units= 1,860

7 0
3 years ago
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