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Scorpion4ik [409]
3 years ago
15

Review the transactions and determine the accounts, the account types (use assets, liabilities, equity, dividends, revenue, and

expenses), if they increase/decrease and if they are DR/CR.
Assets Liabilities
Beginning of the year: $27,000 $16,000
End of Year: $61,000 $25,000
1) What is the equity at the beginning of the year?
2) What is the equity at the end of the year?
3) If the company issues common stock of $5,300 and pay dividends of $44,200, how much is net income (loss)?
4) If net income is $3,800 and dividends are $6,600, how much is common stock?
5) If the company issues common stock of $16,500 and net income is $18,700, how much is dividends?
6) If the company issues common stock of $42,900 and pay dividends of $3,100, how much is net income (loss)?
Business
1 answer:
aksik [14]3 years ago
7 0

Answer and Explanation:

The computation is shown below:

1.

Beginning Equity = Beginning Assets – Beginning Liabilities

= $27,000 - $16,000

= $11,000

2.

Ending Equity = Ending Assets – Ending Liabilities

= $61,000 - $25,000

= $36,000

3.

Increase in Equity = Ending Equity – Beginning Equity

= $36,000 - 11,000

= $25,000

Now

Increase in Equity = Issue of Common Stock + Net Income - Dividend

$25,000 = $5,300 + Net Income - $44,200

Net Income = $63,900

4.

Increase in Equity = Issue of Common Stock + Net Income - Dividend

$25,000 = Issue of Common Stock + $3,800 - $6,600

Issue of Common Stock = $27,800

5.

Increase in Equity = Issue of Common Stock + Net Income – Dividend

$25,000 = $17,200 + $19,600 - Dividend

Dividend = $11,800

6.

Increase in Equity = Issue of Common Stock + Net Income – Dividend

$25,000 = $42,900 + Net Income - $3,100

Net Income (loss) = -$14,800

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A production possibilities frontier with a bowed-outward shape indicates a. increasing opportunity costs as more and more of one
Arada [10]

Answer:

a. increasing opportunity costs as more and more of one good is produced

Explanation:

A production possibility frontier is a curve that shows the two combinations of goods an economy can produce given that its resocurces are fully employed.

The production possibility curves is bowed outwards because of increasing opportunity costs as more and more of one good is produced.

If more of one good is to be produced, more of the second good would be given up to increase the production of the first good.

The attached image is the graph of a production possibility frontier. At point A, the maximum amount of good X is produced with zero quantity of good Y. To increase production of good Y and move to point B, some quantities of good X would be given up. To further increase the production of good Y and move to point C, even more quantities of good X would be given up.

I hope my answer helps you

3 0
3 years ago
All of the following are reasons for a company to repurchase its previously issued stock, except:
gladu [14]

Answer:

The correct answer is option d. to increase the shares outstanding.

Explanation:

A company can repurchase its previously purchased stocks to resell to the employees, for bonuses to employees and to even support the market price of the stock.

But the company certainly will not repurchase its previously purchased stocks  to increase the shares outstanding.

I hope the answer is helpful.

Thanks for asking.

4 0
3 years ago
How should office workers prevent workplace hazards?
vredina [299]

Use ergonomically designed equipment for work

Answer:C

I think this is the answer

4 0
3 years ago
A profit-maximizing firm operates in purely competitive product and resource markets, with the following resource and production
andrew11 [14]

Answer:

b) 5

Explanation:

W TP MP MRP

1 100  

2 190 90 900

3 270 80 800

4 340 70 700

5 400 60 600

6 450 50 500

7 490 40 400

8 520 30 300

the marginal product of n labor = (total product of n labor - the total product of p labor)/(n-p)............(n>p)

Marginal revenue product = marginal product*price

the firm employ input up to marginal revenue product equal to the wage

MRP = wage or closest lower wage

where W = 5

the firm will higher 5 workers.

7 0
3 years ago
Read 2 more answers
4. You want to take out a fully-amortizing 30-year mortgage. You can afford monthly payments of $600 each. The interest rate is
iragen [17]

Answer: $74569

Explanation:

Based on the information given in the question, the amount that can be borrowed is explained below:

Present value of annuity will e calculated as:

= 600 × [1-(1+0.09/12)^-(12 ×30)] / (0.09/12)

= 600 × [1-(1+0.0075)^-(360)] / 0.0075

= 600 × 1-(1.0075)^-(360)] / 0.0075

= 600 × [1-0.0678860074] / 0.0075

= 600 × 124.282

= 74569

The amount that can be borrowed is $74569

3 0
2 years ago
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