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Blizzard [7]
3 years ago
5

Midtown, Inc. had the following transactions in 2018, its first year of operations:• Issued 31,000 shares of common stock. Stock

has par value of $1.00 per shareand was issued at $20.00 per share.• Earned net income of $70,000.• Paid no dividends.At the end of 2018, what is total stockholders' equity?Select one:A. $690,000B. $70,000C. $31,000D. $620,000
Business
1 answer:
Sonbull [250]3 years ago
6 0

Answer:

                                                                                        $

Par value of existing  com m on stock (31,000 x $1) 31,000

Share premium (31,000 x  $19)                                   589,000

Net income                                                                   <u>70,000</u>

Total stockholders' equity                                          <u> 690,000</u>

The correct answer is A

Explanation:

The total stockholders' equity is the sum of par value of common stock, share premium and net income. Share premium is the excess of issue price over par value ($20 - $1) = $19.

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Quantitative research is most likely to be used when_________.A. the objective is to identify new ideas and thoughts for a produ
mixas84 [53]

Answer:

D. the objective is to validate relationships and test hypotheses

Explanation:

In order to test hypothesis, a branch of statistics called "inferential statistics" is needed, and statistics, as it is well known, is a branch of mathematics (of applied mathematics).

Therefore, if you want to test an hypothesis and validate a relationship, you need to run a statistical study, and that study has to be fed with quantitative data.

5 0
3 years ago
You and your best friend have decided to start a small coffee shop together while in college. Though you have been friends since
Sedbober [7]

Answer: It is important to establish limits through the partnership agreement, because by trust there could be disagreements in the future, some ideas for this agreement are the following:

I. The dividends resulting from the coffee shop profits must be distributed equally and will correspond to the amount resulting from discounting sales less costs and expenses.

II. Personal loans will not be allowed to the owners with the money taken from the coffee shop box.

III. It will not be allowed to consume the products of the coffee shop without paying what corresponds.

IV. Both owners will have the same rights to perform the duties of a manager.

3 0
3 years ago
An offer that cannot be revoked because an offeror promises to hold the offer open for a specified time in exchange for payment
vichka [17]

Answer:

Option Contract

Explanation:

According to the Laws Termination of the Power of Acceptance, there are four types of offer terms. These types are Counter Offer, Option Contract, Conditional or Qualified Acceptance, and Firm Offer. With these 4 types being the options, based on the description given in the question we can say that the one being described is an Optional Contract. Which as described in the question is a contract that is held open for a period of time in which it cannot be revoked.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

6 0
3 years ago
How many people see fights at school and put the video on this
serious [3.7K]
You cant put videos on this app
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2 years ago
Which of the following best describes vertical integration? A. sell products to a supplier or a distributor B. develop the abili
jasenka [17]

Answer: B

Explanation:

A vertical integration is where a company owns another company in the same production line.

For example a company that bakes bread has a farm where wheat is cultivated, a marketing company and retail locations for the sale of the bread.

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a. It reduces costs.

b. It increases efficiency.

c. It gives the firm greater control of the production process.

A major disadvantage of vertical integration is it requires huge capital outlay.

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3 years ago
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