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
Alchen [17]
3 years ago
12

1. Rick Radar, the sole stockholder, invested $15,000 cash in the business in exchange for common stock. 2. Rick contributed $22

,000 of equipment to the business in exchange for common stock. 3. The company provided $8,000 of services to customers on account. 4. The company paid $1,000 cash to rent office space for the month of March and April ($500 per month). 5. The company collected $11,000 cash for repair services, $10,000 representing payment for services provided during March* and $1,000 representing payment for services to be provided in April. *these are additional March services & are unrelated to transaction #3. 6. The company paid $1,000 for salaries for the month of March. 7. The company purchased $2,000 of supplies. Radar paid $1,000 of cash at the time the supplies were delivered and purchased the remaining supplies on account. 8. The company collected $3,000 from customers as payment on account for services rendered on account in March (transaction #3). Based on this information, total stockholder's equity reported on the balance sheet at the end of March would be:
Business
1 answer:
Lubov Fominskaja [6]3 years ago
6 0

Answer: $53500

Explanation:

Stockholders' equity is gotten when all liabilities that are owned by a company have been settled and the remaining value of assets are then calculated.

Based on the information given in the question, total stockholder's equity reported on the balance sheet at the end of March would be:

Investment in Common Stock = $15000

Add: Contributed in Common Stock = $22000

Add: Net income = $16500

Total Stockholder's equity will now be:

= $15000 + $22000 + $16500

= $3500

You might be interested in
Explain the difference between direct and indirect strategy when writing reports​
nika2105 [10]

Answer:

A direct report is an employee who formally reports to you. This generally means that you are directly responsible for assigning them work and managing their performance. An indirect report are the employees who report to your direct reports and their subordinates.

plz give brainliest to help you with further questions :'D

3 0
3 years ago
Read 2 more answers
why might a mutual fund be a better investment than individual stock and bonds a mutual fund guarantees dividends be stocks are
borishaifa [10]

Answer:

The correct answer would be option C, The risk is diversified with a mutual Fund.

Explanation:

Mutual funds is a pool of funds from different people. This pool of fund is invested in different securities. These securities can be stocks, bonds, treasury bills, etc. In this way the risk is diversified. When you invest money with the money of other people, the pool of money or funds will minimize the risk associated with investing a single person's money in any security. Secondly, the mutual funds are managed by professionals who are expert in the field of managing funds. They better know when and how much funds to liquidate and at what time.

7 0
3 years ago
Business behavior is derived in large part from the basic cultural environment in which the business operates and, as such, is s
solong [7]

Answer:

TRUE

Explanation:

The influence of cultural on business behavior is broadly encompassing. Cultural impacts ranges from understanding employee behavior and employees management methodologies; i.e. how best to manage employees based on their values and priorities. It also impacts the functional areas of marketing and distribution: what people appreciate and the peculiarities of their environment. It also greatly impact and is a strong determinant factor of success when a company is taking a decision on how best to enter a new market.

When business ignore cultural factors they are guilty of ethnocentrism and could be orchestrating business failure.

7 0
3 years ago
31. A portfolio manager in charge of a portfolio worth $10 million is concerned that stock prices might decline rapidly during t
Angelina_Jolie [31]

Answer:

200

Explanation:

Base on the scenario been described in the question, the position required if the portfolio has a beta 1 is been calculated as follows .

number of contracts required is

Number of contract =10,000,000/(500×100)

Number of contract =10,000,000/50,000

Number of contract =200.

A long put position is needed because the contracts must provide a positive payoff when the market reduces.

6 0
3 years ago
If the last data point in this chart is the accumulated total (1258), what will you do to set up the chart properly?
KATRIN_1 [288]

Right click the last data point and select "Set as Total"

<h3>What is accumulated total?</h3>

A running total stands for the summation of a sequence of numbers that exists updated each time a new number stands added to the sequence, by adding the value of the new number to the prior running total. Another term for it exists as a partial sum. The objectives of a running total exist twofold. Accumulated value, also directed to as accumulated amount or cash value, exists computed as the sum or total of the initial investment, plus interest earned to date.

A chart exists as a graphical representation for data visualization, in which "the data is described by symbols, such as lines in a bar chart, lines in a line chart, or slices in a pie chart". A chart can illustrate tabular numeric data, functions, or some types of quality structure and provides various info.

Right click the last data point and select "Set as Total".

To learn more about accumulated total refer to:

brainly.com/question/13131255

#SPJ4

5 0
2 years ago
Other questions:
  • Candice’s first job was at the grocery store making deli food. While in culinary school, she worked part time in a restaurant ki
    7·2 answers
  • When Jiffy-Pop packaged its popcorn in an aluminum skillet, complete with attachable handle, it designed the package to become t
    10·1 answer
  • Chelsea's house is for sale, and she is selling it through a real estate agent. The house is listed, and any licensed agent may
    10·1 answer
  • 2. Roth retirement funds require you to pay taxes on your investment dollars up-front, while
    10·1 answer
  • How you gain information about what is happening around the property ​
    9·1 answer
  • If an agreement can not be made, a democratic leader will
    8·1 answer
  • Based on the substitution effect, which example reflects how people would likely respond to a rise in gas prices
    10·1 answer
  • you can save on interest and reduce the time it takes to pay off a credit card balance if you pay more than the minimum amount d
    10·1 answer
  • Matcha green tea is primarily cultivated by Japanese farmers. Suppose that Matcha green tea grows in popularity as its health be
    12·1 answer
  • Suppose the Alaskan king crab harvest is unregulated and any person with a crab boat and some diesel fuel can go offshore, lower
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!