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3 years ago

The following accounts appear in the ledger of Oriole Company after the books are closed at December 31, 2020.

Business

2 answers:

Serggg [28]3 years ago

8 0

Answer and Explanation:

The preparation of the stockholders’ equity section at December 31, 2020 is presented below:

Oriole Company

Stockholders’ equity section

December 31, 2020

Particulars Amount

Stockholder equity:

Paid in capital:

Capital Stock

Preferred stock $143,500

Common Stock dividend $568,000

Common Stock Dividends Distributable $25,000 $593,000

Total capital stock $736,500

Additional paid in capital

Paid-in Capital in Excess of Par - Preferred Stock $343,000

Paid-in Capital in Excess of Stated Value - Common Stock $1,110,000

Total paid in capital $2,189,500

Add: Retained earnings $758,000

Total paid in capital and retained earnings $2,947,500

Less: Treasury stock -$96,600

Less: Accumulated Other Comprehensive Loss -$34,500

Total Stockholder equity $2,816,400

We deduct the treasury stock and the accumulated other comprehensive loss and rest items are added so that the total stockholder equity could arrive

Furkat [3]3 years ago

7 0

Answer:

15.02

Explanation:

because of the section

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Wesimann Co. issued 15-year bonds a year ago at a coupon rate of 7.5 percent. The bonds make semiannual payments and have a par

brilliants [131]

Answer:

$1,161.46

Explanation:

In order to determine the current bond price we can use an excel spreadsheet and the present value formula: =PV(Rate,Nper,PMT,FV)

where:

Nper = 14 x 2 = 28 (15 year bond issued 1 year ago = 14 years)
Rate = 5.8% / 2 = 2.9% (semiannual payments)
PMT = ($1,000 x 7.5%) / 2 = $37.50
FV = $1,000 (face value of bonds)
PV = ?

Current price =PV(Rate,Nper,PMT,FV) =PV(2.9%,28,37.50,1000) = $1,161.46

7 0

3 years ago

Kathy has taken a job with her ideal company and is excited to start in their sales department. During orientation, she is told

Ira Lisetskai [31]

Answer:

a) Customer relationship management

Explanation:

Customer relationship management -

It is the approach to manage the interaction of the company with the potential and current customers .

It is done by using data analysis of the history of the customer with the company , in order to improve the the relationship of the business with the customers , which focus on the retention of the customers and to increase the sale .

Hence , from the question information , the correct answer is a) Customer relationship management .

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3 years ago

Martin Enterprises needs someone to supply it with 118,000 cartons of machine screws per year to support its manufacturing needs

Bezzdna [24]

Answer:

$15.66 per carton

Explanation:

118,000 cartons of machine screws

equipment cost $785,000

depreciation per year = $785,000 / 5 = $157,000

fixed manufacturing costs $415,000 per year

variable costs per carton = $10.05 x 118,000 = $1,185,900

initial investment in net working capital $68,000

tax rate 24%

discount rate 12%

price per carton?

initial investment = -$853,000

CF₁ = [(R - $1,600,000 - $157,000) x 0.76] + $157,000 = 0.76R - $1,178,320

CF₂ = [(R - $1,600,000 - $157,000) x 0.76] + $157,000 = 0.76R - $1,178,320

CF₃ = [(R - $1,600,000 - $157,000) x 0.76] + $157,000 = 0.76R - $1,178,320

CF₄ = [(R - $1,600,000 - $157,000) x 0.76] + $157,000 = 0.76R - $1,178,320

CF₅ = [(R - $1,600,000 - $157,000) x 0.76] + $157,000 + $68,000 = 0.76R + $1,110,320

$853,000 = (0.76R - $1,178,320) / 1.12 + (0.76R - $1,178,320) / 1.12² + (0.76R - $1,178,320) / 1.12³ + (0.76R - $1,178,320) / 1.12⁴ + (0.76R + $1,110,320 ) / 1.12⁵ = 0.6786R - $1,052,071.43 + 0.6059R - $939,349.49 + 0.541R - $838,704.90 + 0.483R - $748,943.66 + 0.4312R + $630,025.39

$853,000 = 2.7397R - $4,209,094.87

$5,062,094.87 = 2.7397R

R = $5,062,094.87 / 2.7397 = $1,847,682.18

total revenue = $1,847,682.18

revenue per carton = $1,847,682.18 / 118,000 = $15.6583 = $15.66

8 0

3 years ago

IM.72 The Candy Shack has a monthly demand of 150 bags of Watermelon Slices. They pay $10.97 for each box of candy which contain

alisha [4.7K]

Answer:

a). Total annual demand=13 boxes

b). Material cost per bag=$1.60

Explanation:

a). The following expressions can be derived;

Total number of bags=number of bags per box×number of boxes

where;

Total number of bags=150 bags

Number of bags per box=12 bags

Number of boxes=n

Replacing;

150=12×n

12 n=150

n=150/12=12.5

Number of boxes =12.5 rounded to the nearest whole number=13

Total annual demand=13 boxes

b). Material cost per bag

Total material costs=(Cost per box×number of boxes demanded)+Ordering cost

Total material costs=(10.97×13)+75=$217.61

Additional cost=(10/100)×217.61=21.761

Total material costs=(217.61+21.761)=239.371

Material cost per bag=Total material cost/number of bags

where;

Total material cost=$239.371

Total number of bags=150 bags

replacing;

Material cost per bag=239.371/150

Material cost per bag=1.596 to nearest two decimal places=1.60

Material cost per bag=$1.60

5 0

3 years ago

Suppose the economy is in a recession. The economy needs to expand by at least $350 billion, and the marginal propensity to cons

MissTica

Answer:

$140

Explanation:

Calculation for What is the least amount the government can spend to overcome the $350 billion gap

First step is to find the Multiplier using this formula

Multiplier=1(1-Marginal propensity)

Let plug in the formula

Multiplier=1/(1-0.6)

Multiplier=1/0.4

Multiplier=2.5

Now let calculate the least amount the government can spend using this formula

Least amount=Gap/Multiplier

Let plug in the formula

Least amount=$350 billion /2.5

Least amount=$140

Therefore the least amount the government can spend to overcome the $350 billion gap is $140

4 0

3 years ago