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Mashutka [201]
3 years ago
10

Company Name: XXX XXX Coffee Co

Business
1 answer:
MissTica3 years ago
6 0
What I don’t understand
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Kohler Corporation reports the following components of stockholdersâ equity on December 31, 2016:
Flauer [41]

Answer:

Explanation:

1. Jan 1

   Paid Up Capital   (6,000*15)      Dr.$     90,000

   Paid in Capital in excess of par value  Dr.$30,000

   Treasury stock (6,000*20)     Cr.$   120,000

Jan 5.   Dividend   (55,000-6,0000=49,000*2)   Dr.$98,000

            Dividend Payable                                             Cr.$98,000

Feb 28.  Dividend Payable   Dr.$98,000

               Bank                      Cr.$98,000

July 6    Bank (2,250*24)     Dr.$54,000

             Paid up capital (2,250*15)   Cr.$33,750

             Paid in capital in excess of par (2250*9) Cr.$20,250  

Aug 22   Cash (3,750*17)    Dr.$63,750

              Paid up capital (3,750*15)  Cr.$ 56,250

              Paid in capital in excess of par Cr.$7,500

Sept 5.   Dividend (49,000+2,250+3,750)*2  Dr.$110,000

              Divided Payable             Cr.$110,000

Oct 28.  Dividend Payable    Dr.$110,000

             Cash                         Cr.$110,000

Dec 31   Income Summary   Account   Dr.$428,000

             Retained Earnings                   cr.$428,000

2.Statement of retained Earnings

 Retained Earnings at beginning          $460,000

Add; Net income for the year                  $428,000

Less: Dividends paid(98,000+110,000)  ($208,000)

Retained earnings as at December 31,2017 $680,000      

3. Stockholders' Equity  Section of Balance Sheet  

Retained earnings                        $680,000

Paid Up Capital Outstanding

(825,000-90,000+33,750+56,250) $915,000

Paid in capital in excess of par

(70,000-30,000+20250+7500)      $67,750  

Total stockholders' equity            $1,662,750

   

         

4 0
3 years ago
A contract in which a buyer takes goods primarily for resale, with a right to return any goods that fail to sell, is a sale on a
Jobisdone [24]
<span>This question is actually false. The type of contract described is actually a Sale or Return. When negotiating a Sale or Return, it is useful to define a period in which the goods will be returned if they are not satisfactory. It is also useful to have a requirement that the goods be returned unaltered and undamaged.</span>
7 0
3 years ago
Suppose a​ profit-maximizing monopolist is producing 12001200 units of output and is charging a price of ​$60.0060.00 per unit.
antiseptic1488 [7]

Answer:

Marginal Cost = $30

Explanation:

Given that

Price = $60

Elasticity of demand = -2

Recall that

MC = P(1 + 1/Ed)

From monopolist pricing rule as a function of elasticity of demand.

Where MC = marginal cost

Ed = elasticity of demand = -2

Thus

MC = 60 (1 + 1/-2)

= 60 (1 + [-0.5])

= 60 ( 1 - 0.5)

= 60 (0.5)

= 30

MC = $30

6 0
2 years ago
Which of the following is an example of a positive, as opposed to normative, statement?  A. Inflation is more harmful to the ec
dlinn [17]

Answer: Option (C) is correct.

Explanation:

Positive view of the economy theory is largely based on the facts and incentives and it is engaged with most of the assumptions and check these assumptions reality to prove the facts.

On the other hand, normative view of economic theory is largely based on the statements, it is subjective and engaged with the value of the incentive or fact.

3 0
3 years ago
LETS DEBATE AB ABORTION.
Anarel [89]
I’m pro choice but respect everyone’s opinion:)
3 0
3 years ago
Read 2 more answers
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