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bekas [8.4K]
2 years ago
15

Summit Apparel has the following accounts at December 31: Common Stock, $1 par value, 1,900,000 shares issued; Additional Paid-i

n Capital, $16.10 million; Retained Earnings, $9.10 million; and Treasury Stock, 41,000 shares, $0.902 million. Prepare the stockholders� equity section of the balance sheet.
Business
1 answer:
Gnesinka [82]2 years ago
4 0

Answer:

The preparation is presented below:

Explanation:

The preparation of the stockholder equity section of the balance sheet is presented below:

Common stock $1,900,000

Add: Additional paid in capital $16,100,000

Total paid in capital $18,000,000

Add: Retained earnings $9,100,000

Less: Treasury stock - $902,000

Total stockholders equity $26,198,000

We simply added the additional capital and retained earning and deduct the treasury stock so that the correct value could arrive

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Instructions on how to creae and maintained planned maintenance system schedules using sked appendix
gogolik [260]
  • Cycle, quarterly, and weekly calendars are the several types of PMS schedules.
  • The Cycle PMS Schedule shows the Maintenance Requirements (MRs) that are anticipated to be completed over an extended period of time within the ship's maintenance life cycle.
  • The pound sign symbol ("#") denotes required related maintenance checks that must be conducted within the quarter.
  • The mark used to denote the end of an MR is the letter "X."
  • A circled "O" on a Sked requirement denotes a requirement that was either not completed at all or just partially completed after the relevant MRC.
  • Each 13-week column has black markings at the top to denote underway periods.
  • Rescheduled MRS is indicated by the O-with-arrow on the schedule mean.

What are the two scheduling techniques for preventive maintenance?

Fixed PMs and floating PMs are two different scheduling techniques for preventive maintenance. Tracking assets and determining when they require inspection, maintenance, calibration, or replacement can be done using either method.

What are the strategies of preventive maintenance scheduling?

These two PM scheduling techniques enable maintenance facilities to precisely identify maintenance triggers, properly maintain assets and effectively utilize maintenance resources. As a result, facilities experience less downtime and improve asset performance for longer.

Learn more about Preventive maintenance: brainly.com/question/14970029

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8 0
10 months ago
What happens to the price and the quantity bought and sold in the cocoa market if countries producing cocoa experience a drought
Rashid [163]

Answer: Supply of cocoa will fall; Demand rises; Price increases.

Explanation:

A drought is when there is little or no rainfall in a particular area. When countries that are producing cocoa experience a drought, this will lead to a reduction in the supply of cocoa as there will be lesser cocoa available for farmers to supply.

Then, due to the new study which is released demonstrating the health benefits of cocoa, this will lead to an increase in the demand for cocoa. The demand will rise and since there's increase in demand and reduction in supply, the price will rise.

4 0
3 years ago
According to MM proposition II, as debt increases. the firm's return on assets remains constant even while its return on equity
MissTica

Answer:

<u>decreases</u>

Explanation:

As per modigliani- miller approach, the value of a firm is not dependent upon the choice of capital structure of the firm.

Capital structure refers to the the blend or mix of different sources of capital a firm avails to raise funds. Such as debt and equity.

As per MM proposition 2, the expected yield of a stock is equal to equity capitalization rate plus an additional compensation for risk assumed by employment of debt in the capital structure due to which the debt-equity ratio rises.

As proportion of debt is increased in the capital structure, the earnings available to stockholders rise but this rise is offset by the rise in the expectation of shareholders which offsets the effect and thus value of firm remains the same.

Return on equity is given by  \frac{net\ income}{stockholders\ equity}

Thus, as the return on equity increases , the amount of equity in capital structure decreases as this net income rises owing to employment of more and more debt in the capital structure.

4 0
2 years ago
Barney decides to quit his job as a corporate accountant, which pays $10,000 a month, and goes into business for himself as a ce
likoan [24]

Answer:

A- $ 50  Electricity

     $ 75   Office suplies

     $ 125 Total explicit costs

B-  $ 300   Rent

$10000 Lost of salary for quitting his job

      $ 10300  Total implicit cost

C-  $ 125    Total explicit costs

     $ 10300   Total implicit cost

     $ 10425   Total economic cost

Explanation:

A- Explicit costs are observable (such as salaries paid to  employees, material costs, taxes, etc.) and are paid with cash.

B- Implicit costs are those incurred for giving up an alternative use of a specific resource, but no cash outlay is made. In this case, $ 300 that is no longer earned by using the garage as an office and $10000 lost each month for quitting his job.

C- The sum of the implicit and explicit costs determines the total economic cost

.

7 0
3 years ago
The most popular input measure used to determine the progress toward completion?
solong [7]

The most popular input measure used to determine progress towards completion is the cost-to-cost basis.

Unavoidable expenses or sacrifices to obtain goods or services with the aim of obtaining benefits; expenses for certain activities, purposes, or time, such as shipping, packing, and sales are intended to generate income in the company's income statement, the cost component is a deduction from revenue.

Costs are sacrifices or expenses made by a company or individual with the aim of obtaining more benefits from the activities carried out. In terms of costs, sometimes it is quite inconvenient to distinguish between costs and expenses. In terms of costs, sometimes it is quite inconvenient to distinguish between costs and expenses.

- Costs: a cost in the sense of sacrifices or expenses made by companies or individuals that are directly related to the output or products produced by the company or individual.

- Expenses: a cost incurred by a company / individual which is only as a supporting activity.

You can learn more about Costs here brainly.com/question/15135554

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3 0
1 year ago
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