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AVprozaik [17]
3 years ago
5

At the beginning of its current fiscal year, Willie Corp.’s balance sheet showed assets of $11,400 and liabilities of $5,700. Du

ring the year, liabilities decreased by $1,200. Net income for the year was $3,050, and net assets at the end of the year were $6,150. There were no changes in paid-in capital during the year.
Required:
Calculate the dividends, if any, declared during the year.
Stockholders' Equity
Assets = Liabilities + PIC + RE
Beginning $11,900 = $6,300 + 0 +
Changes = (1,200) + 0 +
Ending = + +
Business
1 answer:
alex41 [277]3 years ago
6 0

Answer:

$8,750

Explanation:

ASSETS = LIABILITIES + PAID IN CAPITAL + RETAINED EARNINGS

beginning of the year:

$11,400 = $5,700 + paid in capital + retained earnings

paid in capital + beginning retained earnings = $5,700

end of the year:

$6,150 = $4,500 + paid in capital + retained earnings

paid in capital + ending retained earnings = $1,650

ending retained earnings = beginning retained earnings + net income - dividends = beginning retained earnings + $3,050 - dividends

paid in capital + beginning retained earnings - $5,700 = 0

paid in capital + beginning retained earnings + $3,050 - dividends - $1,650 = 0

let X = paid in capital

let Y =beginning retained earnings

X + Y - $5,700 = X + Y + $3,050 - dividends

we eliminate X and Y

-$5,700 = $3,050 - dividends

dividends = $5,700 + $3,050 = $8,750

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41 had investments in stock funds 91 had investments in bond funds 60 had investments in money market funds 47 had investments i
Evgesh-ka [11]

Answer:

The answer is "22 and 80"

Explanation:

The important part is to understand how the Venn diagram can assist you with your numbers.

You cannot draw this one, and you can create one as follows:

the 3 sorts of funding, then make your way back thru the list

this is the figure in the center - "22 had all 3 funds"

where the four dimensions meet. In the next three statements, you'll be able to:

Work out where 2 circles connect (remember all 22 of those circles are connected).

That's because the numerals have been already placed throughout the center zone.

bond & money market solenoid valves at a ratio of 36-22=14

36-22=14 as to where the corporate market and the term deposit intersect

47-22=25 as to where equities and bonds connect You can use the top 3 statements to work out all the values in a table.

(Set of) just one circle (circle)

for stock the number is 141-(22+14+25)=80

for the bond, the number is91-(22+14+25)=30

for the money market, the number is 60-(22+14+14)=10

(universal set) Lastly, get the number that goes into the rectangle.

\to 200-(80+30+10+25+14+14+22)=5

a) 22\\b) 80

7 0
3 years ago
Mark Johnson saves a fixed percentage of his salary at the end of each year. This year he saved $2,500. For each of the next 5 y
yarga [219]

Answer:

Mark will have at the end of six years the amount of $25,865.74

Explanation:

According to the given data we have the following:

First investment = 2500

Investment increasing at rate of 10%

Interest rate = 13%

t=6 years

Present value is given by formula = C * [((1+g)^n/(1+i)^n) - 1 ] / (g-i)

C is first value = 2,500

g is increase in investment = 0.10

i is intrest rate = 0.13

n is no of years = 6

Putting values into the equation

P = 2500* [((1+ 0.10)^6/(1+0.13)^6) - 1 ] / (0.10-0.13)  1.771561    2.08195

P = 2500* [((1.10)^6/(1.13)^6) - 1 ] / (-0.03)

P = 2500* [0.8509142870866 - 1 ] / (-0.03)

P = 2500* (-0.14908571)/ (-0.03)

P = 2500* 4.9695236

P=$12,423.809

Future value = P*(1+i)^t

= $12,423.809 *(1+0.13)^6

= $25,865.74

Mark will have at the end of six years the amount of $25,865.74

7 0
3 years ago
Read 2 more answers
Wonk is a unique furniture company that design, builds, and retails in Brooklyn, NY. You can customize your design with creative
Andrew [12]

Answer:

Make-to-order manufacturing.

Explanation:

Different Production Types:

-Make to Stock

-Make to Order (MTO)

MTO is a production approach where products are not built until a confirmed order for products is received. Customers highly customized requests can be satisfied and reconnect the value chain to the customer.

Process characteristics:

-Each order is specific, cannot be stored in advance

-Process manger needs to maintain sufficient capacity

-Variability in both arrival and processing time

-Role of capacity rather than inventory

7 0
3 years ago
Cane Company manufactures two products called Alpha and Beta that sell for $150 and $105, respectively. Each product uses only o
DedPeter [7]

Answer:

1. $2461000

2.$1605000

3. $24000

4. $45000

Explanation:

See attached files

8 0
3 years ago
Kinney, Inc., an electing S corporation, holds $5,000 of AEP and $9,000 in AAA at the beginning of the calendar tax year. Kinney
Murrr4er [49]

Answer:

(C) $1,500 dividend income.

Explanation:

The total AAA available is $15000($10000+$5000(taxable income)).

The total distribution $18000(($6000×2)+($3000×2))

Here since available AAA is $15000 each get deduction of $7500($15000×500shares/1000shares).Hence $1500(i.e $6000+$3000-$7500) is taxable.

7 0
3 years ago
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