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azamat
3 years ago
5

Sid Summitt is the stockholder and operator of Our Idol LLC, a motivational consulting business. At the end of its accounting pe

riod, December 31, 2017, Our Idol has assets of $502,000 and liabilities of $120,000. Using the accounting equation, determine the following amounts:______.
a. Stockholders' equity as of December 31, 2017.
$
b. Stockholders' equity as of December 31, 2018, assuming that assets decreased by $117,000 and liabilities decreased by $36,000 during 2018.
$
Business
1 answer:
bagirrra123 [75]3 years ago
3 0

Answer:

a. Stockholder's equity as of December 31,2017 = Assets - Liabilities

= $502,000 - $120,000

= $382,000

b. Stockholder's equity as of December 31,2018 = $382,000-($117000 - $36000) = $229,000

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Kando Company incurs a $9 per unit cost for Product A, which it currently manufactures and sells for $13.50 per unit. Instead of
Cloud [144]

Answer:

                                      <u>Manufacture  Product A </u>       <u>Purchase Product B </u>

sales                                                0                                            0

costs                                                0                                            0

aviodable cost                                0                                            0

unavoidable costs                       $9.00                                    $4.00

cost to purchase                             0                                         $5.00

totals costs                                  ($9.00)                                  ($9.00)

sales                                             $13.50                                   $12.00

Advantage                                  $4.50                                     $3.00

The company should <em>Manufacture</em> Product A

Explanation:

<em>Calculations based on Incremental Costs Only</em>

                                      <u>Manufacture  Product A </u>       <u>Purchase Product B </u>

sales                                                0                                            0

costs                                                0                                            0

aviodable cost                                0                                            0

unavoidable costs                       $9.00                                    $4.00

cost to purchase                             0                                         $5.00

totals costs                                  ($9.00)                                  ($9.00)

sales                                             $13.50                                   $12.00

Advantage                                  $4.50                                     $3.00

The company should <em>Manufacture</em> Product A

Since Product A results in higher Financial Advantage of $4.50

5 0
3 years ago
Calculate the cash dividends required to be paid for each of the following preferred stock issues: Required: The semiannual divi
damaskus [11]

Answer:

(a) Annual dividend = Dividend rate × par value ×  number of shares outstanding

                                 = 7% ×  $60 ×  40,000

                                = $168,000

Semi‑annual dividend = \frac{Annual\ dividend}{2}

                                     = \frac{168,000}{2}

                                     = $84,000

(b) Annual dividend = Dividend rate × number of shares outstanding

                                  = $5.20 × 171,600

                                 = $892,320

Arrears of $892,320 are owed for last year as well, so the total dividends owed would be:

$892,320 × 2 years

= $1,784,640

(c) Annual dividend = Dividend rate × stated value × number of shares outstanding

                                 =  4.8% × $100 × 445,000

                                = $2,136,000

Quarterly dividend = = \frac{Annual\ dividend}{2}

                                     = \frac{2,136,000}{4}

                                     = $534,000

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4 years ago
Joe regularly visits China and offers lavish gifts to the Chinese company officials who are customers of his U.S. software compa
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Answer:

Personal ethics

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Personal ethics is a basically the philosophy behind each action of an individual. The degree of right and wrong each person denotes their actions with.

In the above question, Joe uses personal ethic in the form of business ethic. According to him, these are right actions that would be bring him career prosperity and a loyal customer base which would indirectly effect effect his reputation along with the companys' reputation.

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3 years ago
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The mold can be reused to make additional whales, so additional whales cost $5,000 each. based on these numbers, the average total cost of making five fake killer whales would be:<u> economies of scale.</u>

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Whales play a key element in supporting to fight against climate exchange via their function within the marine atmosphere. They play a critical position in the health of the oceans which they assist offer up to 50% of our oxygen, fighting weather change, and preserving fish shares.

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In modernity with the arrival of a new economic system, the roles of women were more similar to those of men because those paradigms that women were less capable than men were overcome.

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8 0
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