2 years ago

What is the total stockholders' equity based on the following data?

Business

1 answer:

irakobra [83]2 years ago

5 0

Answer:

you may do like it

put your numbers instead of these. :)

Explanation:

Total Stockholders' equity is common stock plus excess of issue price over par plus retained earnings

($900,000 + $375,000 + $50,000 = $1,325,000)

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Answer:

$ 29.018 ( approx )

Explanation:

The amount formula in compound interest,

$A=P(1+r)^t$

Where,

P = principal amount,

r = rate per period,

t = number of periods,

Here, P = $ 3260.00,

Since, the amount is compounded monthly,

So, the number of periods in 3 months, t = 3,

Also, annual rate = 3.55 % = 0.0355,

So, the rate per month, r = $\frac{0.0355}{12}$ (∵ 1 year = 12 months)

Thus, the amount after 3 months,

$A=3260(1+\frac{0.0355}{12})^3=3289.01817638\approx 3289.018$

Hence, the total interest earned,

I = A - P =3289.018 - 3260 = $ 29.018

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3 years ago

Sellall Department Stores reported the following amounts in its adjusted trial balance prepared as of its December 31 year-end:

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Particulars Amount

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3 years ago

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Answer:

$21,780

Explanation:

Calculation to determine what Jane's should report interest expense at December 31, 2021, in the amount of:

Interest expense at December 31, 2021=$198,000 x 11% x 12/12

Interest expense at December 31, 2021= $21,780

Therefore Jane's should report interest expense at December 31, 2021, in the amount of: $21,780

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