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svetlana [45]
3 years ago
9

Stockholders’ equity totaled $94,000 at the beginning of the year. During the year, net income was $24,000, dividends of $9,000

were declared and paid, and $22,000 of common stock was issued at par value. Calculate total stockholders' equity at the end of the year.
Business
1 answer:
Scilla [17]3 years ago
7 0

Answer:

$131,000

Explanation:

Given that,

Stockholders’ equity at the beginning = $94,000

net income = $24,000

Dividends paid = $9,000

Common stock issued = $22,000

Stockholders' equity at the end:

= Stockholders Equity at the beginning + Net Income - Dividend + Common stock issued

= $94,000 + $24,000 - $9,000 + $22,000

= $131,000

Therefore, the total stockholders' equity at the end of the year is $131,000.

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EB8.
Stolb23 [73]

Answer:

The fixed costs per unit when 20,000 units are produced are $6.05 per unit.

Explanation:

Fixed costs per unit can be determined by using the following formula:

Fixed costs per unit = Total fixed costs/ number of units are produced

In a company, Total fixed costs do not depend on the level of activity (Fixed costs do not change).

In the company, Total fixed cost = $11 x 11,000 = $121,000

When 20,000 units are produced, Fixed costs per unit = $121,000/20,000 = $6.05 per unit.

3 0
3 years ago
The term "balanced reciprocity" refers to:_______.A. The system of exchange in which items are bought and sold, using money, wit
frez [133]

Answer:

D. The system of exchange between people where the giver usually expects something in return.

Explanation:

Balanced reciprocity refers to a system of exchange between people where the giver usually expects something in return. It is also known as Symmetrical reciprocity.

5 0
3 years ago
Read 2 more answers
__________ segmentation is the most common basis of consumer market segmentation because these segments are easy to define and u
Law Incorporation [45]

Answer:

a. Demographic

Explanation:

In demographic segmentation market is segmented on the basis of variables like age, gender, family size, marital status, occupation, religion, income, employment etc.

Therefore, Demographic segmentation is the most common basis of consumer market segmentation because these segments are easy to define and usually easy to reach.

4 0
3 years ago
The current sections of Pearl Corp.’s balance sheets at December 31, 2021 and 2022, are presented here. Pearl Corp.’s net income
Kitty [74]

Answer:

$299,200

Explanation:

Pearl Corp.’s Statement of cash flows

Cash Flows from operating activities:

Net Income 279,400

Adjustments to reconcile net income to cash flow from operating activities:

Depreciation expense $46,200

Accounts Receivables Increase ($17,600)

(93,500 -75,900)

Inventories Increase ($17,600)

(85,800 -68,200)

Prepaid expenses decrease $2,200

(18,700- 20,900)

Accrued Expenses payable decrease($11,000)

($6,600- $17,600)

Accounts Payable increase $17,600

(96,800 - 79,200)

Net Cash provided by Operating Activities $299,200

6 0
3 years ago
Suppose manufacturers introduce a new model car to replace a car currently included in the CPI basket. The price of the new car
Harlamova29_29 [7]

Answer:

The correct answer is option D.

Explanation:

The consumer price index is a tool to measure inflation in the economy. It measures the change in price level through a basket of goods generally purchased by the households. It does not include change in quality.  

It is measured as

CPI =  

\frac{Cost\ of\ Market\ Basket\ in\ Base\ Year}{ Cost\ of\ Market\ Basket\ in\ Given\ Year} \ \times\ 100

In the given example, the price of the car is increasing but the quality is improving as well. Since the CPI does not include quality, the inflation rate will be overstated.

6 0
3 years ago
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