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slega [8]
3 years ago
11

The Baldwin Company currently has the following balances on their balance sheet: Total Assets $256,555 Total Liabilities $149,32

0 Retained Earnings $49,793 Suppose next year the Baldwin Company generates $44,200 in net profit, pays $12,000 in dividends, total assets increase by $55,000, and total liabilities remain unchanged. What will ending Baldwins balance in Common Stock be next year
Business
1 answer:
algol [13]3 years ago
8 0

Answer: $80,242

Explanation:

Common stock = Assets - Liabilities - Retained earnings

Assets next year = 256,555 + 55,000

= $311,555

Liabilities remain unchanged.

Retained earnings

= Opening retained earnings + Net income - dividends

= 49,793 + 44,200 - 12,000

= $‭81,993‬

Common stock next year;

= 311,555 - 149,320 - 81,993

= $80,242

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nikklg [1K]

Answer: Competitive analysis

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In the given case, Acer is evaluating its competitors characteristics for establishing its strategy. Thus, we can conclude that the correct option is C.

3 0
4 years ago
Some time ago, Tracie purchased two acres of land costing $67,900. Today, that land is valued at $64,800. How long has she owned
julsineya [31]

Answer:

C) 3.09 years

Explanation:

Calculation for How long has she owned this land

Using financial calculator to calculated the number of years

I/Y = -1.5%

Present value=PV = -$67,900

PMT = 0

Fair value=FV = 64,800

First step is to Press CPT and then N, which will gives us 3.09 years

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4 0
3 years ago
Modulation requires a change of key for a whole piece of music. <br> TRUE or FALSE
sasho [114]

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6 0
3 years ago
Chance, Inc. sold 5,000 units of its product at a price of $172 per unit. Total variable cost per unit is $131, consisting of $9
madam [21]

Answer:

$400,000

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Answer:

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Dr Accounts receivable 84,000  

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4 0
3 years ago
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