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jekas [21]
3 years ago
9

Karl Corporation was organized on January 2, 2018. During 2018, Karl issued 40,000 shares at $24 per share, purchased 6,000 shar

es of treasury stock at $26 per share, and had net income of $600,000. What is the total amount of stockholders' equity at December 31, 2018?
Business
1 answer:
labwork [276]3 years ago
3 0

Answer:

The answer is $1,404,000

Explanation:

Total amount realized from the issuance: 40,000 shares x $24

= $960,000

Treasury stock repurchased:

6,000 shares x $26

=$156,000

Net income = $600,000

The total amount of stockholders' equity at December 31, 2018 is:

Net income + amount realized from issuance - amount of treasury stock

$600,000 + $960,000 - $156,000

$1,404,000

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The function of marketing that tells customers where they can buy the product and how the product gets there is called
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2 years ago
Extensive collections of published works in electronic form are called
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3 years ago
Marble Construction estimates that its WACC is 10% if equity comes from retained earnings. However, if the company issues new st
IceJOKER [234]

Answer:

Project Size IRR

A $650,000 14.0%

B 1,050,000 13.5

C 1,000,000 11.2

D 1,200,000 11.0

Explanation:

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Project Size IRR

A $650,000 14.0%

B 1,050,000 13.5

C 1,000,000 11.2

D 1,200,000 11.0

Total $3,900,000

Based on the above we can see that Project A,B,C,D has a total of $3,900,000 which is higher than the retained earnings amount of $2,500,000.

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6 0
3 years ago
If equilibrium GDP is $250 billion less than the targeted level of GDP, and the Multiplier Model has an mpe of 0.75, then we can
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Answer:

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Explanation:

The computation is shown below;

As we know that

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= 4

Now if the equilibrium GDP is $250 billion less than the expected level of GDP

So, the government spending would be increased by

= $250 billion ÷ 4

= $62.5

Hence, the correct option is c.

3 0
3 years ago
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