<span>The two basic sources of stockholders' equity are paid-in capital and retained earnings. Stockholders' equity is represented by the equity stake that is held on the books by a firm's equity investors. Paid-in capital is the amount of money (capital) that is paid in by the </span>investors when common or preferred stock being issued. Retained earnings are shown as a percentage of the net earnings that are not paid out as dividends but kept in the corny to be reinvested.
Answer:
The amount of Lantz's operating revenue is $734,000
Explanation:
The computation of the operating revenue is shown below:
= Total cash sales + Total credit sales
= $255,000 + $479,000
= $734,000
Since we have to compute the operating revenue, so we considered only revenue part not expenses part
The other information which is mentioned in the question is not being considered because it is related to the operating expenses. So, ignored it.
The journal entry is as follows
Unearned ticket revenue Dr $33,700
To Ticket revenue $33,700
(Being the unearned ticked revenue is recorded)
The computation is shown below:
= Number of seasons sold × Price of six events ÷ number of events held
= 3,370 × $60 ÷ 6
= 3,370 × $10
= $33,700
So we debited the unearned ticket revenue and credited the ticket revenue
Answer:
An information is missing on this question but I found the complete details as shown below;
"A company borrows $50,000 by signing a $50,000, 8% note that requires six equal payments of
<em>10816</em> (round to the nearest dollar) at the end of each year. (The present value of an annuity of six
annual payments, discounted at 8% equals 4.6229.) "
Explanation:
An annuity payment is made in equal amounts for a specified period of time in this case 6 years.
Since the equal payments are made annually and you are given the Present value of the annuity as $50,000 & discount factor of 4.6229, divide the PV by the discount factor. The value of equal payments should be equivalent to the $<em>10816 ;</em>
<em>=50,000 / </em>4.6229
= 10815.7217
Next, round the answer to the nearest dollar;
When rounded to the nearest whole number it becomes $10,816.
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