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
Bond [772]
3 years ago
13

Begin by reviewing the labels for the change in​ stockholders' equity and then enter the amounts for each situation.

Business
1 answer:
Luda [366]3 years ago
7 0

Answer:

Note: The missing part of the question is

"                          <em>2017'million    2016'million</em>

<em>Total asset             77                  50</em>

<em>Total liability           18                  13"</em>

<u>Solution:</u>

Stockholders Equity at year end

                         2017     2016

Assets      77        50    

Less: liabilities   <u>-18</u>       <u>-13</u>

Equity at end     <u>59</u>       <u>37</u>

Note: Situation 1, 2 and 3 is the same as question 1, 2 and 3

                                          Situation 1   Situation 2  Situation 3

                                             $'million     $'million      $'million

Total stockholders Equity            37            37              37

Jan 31 ,2016

Add: Issuance of stock                13              0               20

Less: dividend declared               <u>0             -17              -27</u>

Net income                                    <u>9             39               29</u>

Total stockholders Equity             59           59              59

January 31,2017

You might be interested in
Dacosta Corporation had only one job in process on May 1. The job had been charged with $2,300 of direct materials, $6,966 of di
storchak [24]

Answer:

Total cost of goods manufactured = $113,645

Explanation:

As for the information provided:

Opening Work in Process = Direct materials + Labor + Overheads

= $2,300 + $6,966 + $10,076 = $19,342

Adding all the cost for the period

Raw material = $39,800 used in production

Direct labor cost = $25,010

Overheads to be applied on predetermined rate = 2,400 \times $19.40 = $46,560

Total cost incurred including beginning work in process = $130,712

Less: Closing Work in process = $17,067

Total cost of goods manufactured = $113,645

4 0
3 years ago
Different compounding periods, are used for different types of investments. In order to properly compare investments or loans wi
KengaRu [80]

Answer:

Explanation:

The <u>nominal</u> interest rate is quoted by borrowers and lenders-------------

then you <u>can</u> use the APR------------

different compounding periods, then the effective annual rate must------

If a loan or investment uses <u>annual</u> compounding, then the nominal--------

However, if compounding occurs more than once a year, EAR is the effective INOM

Quantitative problem:

Effective annual rate of Bank 2 (assuming its APR is 6%) = (1.015)^4 – 1 = 0.061364

To get the same EAR, Bank 1 should charge per half year 1.061364^(1/2) – 1 = 0.030225

The nominal interest rate (APR)= 0.030225*2 = 0.06045 = 6.05%

4 0
3 years ago
A benchmark market value index is comprised of three stocks. Yesterday the three stocks were priced at $16, $24, and $55. The nu
tatyana61 [14]

Answer:

The 1-day rate of return on the index = 5.36%

Explanation:

Index Value = Sum of (Outstanding Shares*Share Price)

      q          p           mv              q1            p1          mv1

640,000   16    10240000      640000    20     12800000

540,000   24   12960000      540000    22     11880000

240,000   55   <u>13200000</u>  240000    57     <u>13680000</u>

                        <u>36400000 </u>                                <u>38360000</u>

Note: q/q1 = no of shares, p = price per share, mv/mv1 = market value, p1 = changed price per share

Return = (Index Value Today - Index Value Yesterday)/Index Value Yesterday

Return = (38360000 - 36400000) / 36400000

Return = 0.05385

Return = 5.36%

3 0
2 years ago
The franchisor generally does NOT provide the franchisee with:
Nonamiya [84]

Answer:

c. wholesale prices on supplies

Explanation:

  • The franchises provide the financial assistance and are limited to only some of the franchises and provide the location services as they have experiences of choosing a successful location.  
  • <u>Also the training of the people for the manual operations and to carry out the operational services and also serves as the advertising and the efforts on a national regional and the local basis and the needed administrative support in terms of the human resource in the accounting etc.</u>
7 0
2 years ago
Farina Foods manufactures a dog food product called Special Scoops. Farina currently has 20,000 bags of Special Scoops in invent
BlackZzzverrR [31]

Answer:

B. process Special Scoops further into Prime Scoops and Canine Sports to increase profits by $37,000.

Explanation:

Calculation to determine what the decision that Farina should make and the reason is

First step is to calculate the Special scoops

Special scoops = 20,000 bags x ($7 - $1.50) - $20,000

Special scoops =20,000 bags x$5.5-$20,000

Special scoops =$110,000-$20,000

Special scoops = $90,000

Second step is to calculate the Prime scoops

Prime scoops = 15,000 bags x $8 + 10,000 bags x $6 - (20,000 bags x $1.50 + $20,000 + $3,000)

Prime scoops =$120,000+$60,000-($30,000+$20,000+$3,000)

Prime scoops = $180,000 - $53,000

Prime scoops = $127,000

Now let calculate the Profit increase

Profit increase =$127,000 - $90,000

Profit increase= $37,000

Therefore the decision that Farina should make and the reason is: PROCESS SPECIAL SCOOPS FURTHER INTO PRIME SCOOPS AND CANINE SPORTS TO INCREASE PROFITS BY $37,000.

5 0
2 years ago
Other questions:
  • ________ can be thought of as the effective rules of the game, the boundaries between competitive and unethical behavior, and th
    5·1 answer
  • What is the name of a free-market economic system in which most of the factors of production and distribution - such as land, fa
    12·2 answers
  • The difference between price elasticity of demand and income elasticity of demand is that A. income elasticity measures the resp
    5·1 answer
  • An investor wishes to invest equal amounts in three stocks and to achieve a portfolio beta of 1.2. If stock A has a beta of 0.9
    5·1 answer
  • ABC, Inc has a beginning inventory of $12,000. During the year they purchase $150,000 more inventory. At the end of the year, th
    10·1 answer
  • Oracle, a firm that sells commercial ERP and database products, provides Linux for free, selling high-margin Linux support contr
    6·1 answer
  • What is a bank teller?​
    14·1 answer
  • Which financing is also known as “risk capital”?
    12·2 answers
  • How to calculate direct labor
    13·1 answer
  • the buyer has made an offer that the seller has accepted, and proper notice has been given to the buyer of the seller's acceptan
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!