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3 years ago

The stockholders’ equity section of Fauberg Marigny Corporation at December 31 is as follows.

Business

1 answer:

KengaRu [80]3 years ago

3 0

Answer:

1. 295,000 shares

2. $10 per share

3. $60 per value

4. 6%

5. $2,046,400

Explanation:

1. Calculation for How many shares of common stock are outstanding

Outstanding common stock 300,000 shares

Less Common shares 5,000

Common shares outstanding 295,000 shares

2. Calculation for the stated value of the common stock

Stated value of the common stock

$1,500,000/150,000

Stated value of the common stock = $10 per share

3. Calculation for What is the par value of the preferred stock

Par value of the preferred stock=$300,000/5,000

Par value of the preferred stock=$60 par value

4. Calculation for dividend rate on preferred stock

Dividend rate on preferred stock=$18,000/$300,000 = 6%

5. Calculation for what would be the balance in Retained Earnings

Balance in Retained Earnings= $2,050,000 -$36,000

Balance in Retained Earnings=$2,046,400

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4 years ago

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Julli [10]

Based on the fact that the demand elasticity is 0.91, the revenue-maximizing decision would be to d. increase tuition, which would generate more revenue.

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2 years ago

""The question remains: How many guns are necessary to maintain a high level of security for the U.S., and how much butter can t

jenyasd209 [6]

Answer:

social welfare spending (education, hospitals, housing, schools, etc.).

Explanation:

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3 years ago

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mr_godi [17]

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3 years ago

During 2019, Marigold Corp. expected Job No. 26 to cost $300000 of overhead, $500000 of materials, and $200000 in labor. Marigol

vladimir1956 [14]

Answer:

$835,000

Explanation:

Calculation to determine What amount was transferred to Finished Goods

Transferred to Finished Goods=[$300,000 / $200,000)*$150,000]+$460,000+$150,000

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Transferred to Finished Goods=$835,000

Therefore The amount that was transferred to Finished Goods is $835,000

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3 years ago