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Tresset [83]
3 years ago
8

A company reported total stockholders' equity of $163,000 on its balance sheet dated December 31, 2018. During the year ended De

cember 31, 2019, the company reported net income of $21,700, declared and paid a cash dividend of $5700, declared and distributed a 10% stock dividend with a $6700 total market value, and issued additional common stock for $33,000. What is total stockholders' equity as of December 31, 2019
Business
1 answer:
AlekseyPX3 years ago
5 0

Answer:

$212,000

Explanation:

Stockholders' equity  = December 31, 2018 stockholders'equity + 2019 net income - 2019 cash dividend declarations + 2019 common stock issue

Stockholders' equity = $163,000 + $21,700 - $5,700 + $33,000

Stockholders' equity = $212,000

So, the total stockholders' equity as of December 31, 2019 is $212,000

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Consider the following statement.
BARSIC [14]

Answer:

True;greater than.

Explanation:

The statement that "when unemployment is present, an increase in government spending will tend to increase aggregate demand and real output by a larger amount than the initial increase in government spending." is true because an expansionary fiscal policy will cause the total increase in aggregate demand to be greater than the initial increase in aggregate demand due to the multiplier process.

The above is in accordance with the theory of John M. Keynes, he was a notable British economist.

According to the Keynesian theory, government spending or expenditures should be increased and taxes should be lowered when faced with a recession, in order to create employment and boost the buying power of consumers.

7 0
4 years ago
Southwestern Wear Inc. has the following balance sheet:
makkiz [27]

Answer:

The investors will receive $343,750

Explanation:

In order to calculate the amount each class of investors receive we would have to calulate first the Balance available for Investors as follows:

Balance available for Investors=Total funds received -Trustee’s cost

Balance available for Investors=$2,500,000 -$281,250

Balance available for Investors =$2,218,750

Therefore, Balance available for stock holder=Balance available for Investors-Payment to  Accounts payable-Notes Payable-Subordinated debentures

Balance available for stock holder=$2,218,750 - $375,000 -$750,000 - $750,000

Balance available for stock holder= $343,750

The investors will receive $343,750

7 0
4 years ago
Summit Services Co. offers its services to individuals desiring to improve their personal images. After the accounts have been a
Mama L [17]

Answer: See explanation

Explanation:

The journal entry will be prepared thus:

May 31:

Dr Fees earned $1,150,000

Dr Retained earnings $16,200

Cr Rent Expense $200,000

Cr Supplies expense $19,300

Cr Wages expenses $915,000

Cr Miscellaneous expense $31,900

May 31:

Dr Retained earnings $5000

Cr Dividend $5000

3 0
3 years ago
carl's television stopped working just before the big game and he did not have enough money to purchase another television. he k
mihalych1998 [28]

Carl's Television Assume that there are no cases that have interpreted the statute and no statutory definitions that apply.We know 18 televisions sets contains 3 defective.

sets => 15 TV sets are ok.So the total number of possible ways for the hotel to buy = C = 43758

At least one of the defective sets, SO we need to find the probability for 1 defective sets, 2 defective sets and 3 defective sets.1. The number of ways the hotel purchases 8 of these televisions sets but have 1 defective one:P() = C * C =6435*3 = 19305

2. The number of ways the hotel purchases 8

of these televisions sets but have 2 defective

one:P(2) = C C = 5005*3= 15015

3. The number of ways the hotel purchases 8

of these televisions sets but have 3 defective

one:P(3) = C5 *=3003*1 = 3003

So the probability that the hotel receives at least

one of the defective sets =(P() + P(2) + P(3) ) /P= (19305 +15015 +3003 ) /43785*100% = 85.29%.

The number of ways the hotel can receive at

least one defective set in a purchase of 8 sets is

calculated using the combination.

To know more about Carl's Television visit:

brainly.com/question/14976957

#SPJ4

7 0
2 years ago
AfterGlow, a body and bath products manufacturing company, produces around 12,000 bottles of shampoo a day. The production syste
galben [10]

Answer:

A) continuous - flow production

Explanation:

Continuous - flow production -

It is the method , to produce or manufacture any goods or services without any obstruction , is known as  continuous - flow production .

In this case , the goods are processed in continuous motion via same mechanical treatment , or heat treatment or any chemical process .

It is also known as continuous process or a continuous flow process .

Hence , from the question , the example given in the question , is about continuous - flow production .

7 0
4 years ago
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