1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
crimeas [40]
3 years ago
6

ix company issued 16,000 shares of $10 par value common stock at a market price of $21. as a result of this accounting event, th

e amount of stockholders equity would
Business
1 answer:
Nikolay [14]3 years ago
3 0

Answer:

increase by $336,000.

Explanation:

Options are <em>"1. increase by $176,000.  2. increase by $336,000.  3. increase by $160,000.  4. be unaffected."</em>

<em />

Common stock will increase by $160,000, the par value, and paid-in capital in excess of par value will increase by $176,000, for a total increase in stockholders' equity of $336,000.

You might be interested in
The fixed costs of doing business include
11Alexandr11 [23.1K]

Answer:

Fixed costs are the costs associated with your business's products or services that must be paid regardless of the volume you sell. ... Insurance - the liability insurance you hold on your business. Rent - the rent you pay on your office, factory, and storage space. Utilities - electricity, water, and other utilities.

Explanation:

8 0
3 years ago
Freee brain hecbahvjserw bverwhjbvfsv
Serhud [2]

Answer:

Hello, thank you so much

Explanation:

Have a good day

4 0
3 years ago
Read 2 more answers
A company has $80,000 in outstanding accounts receivable and it uses the allowance method to account for uncollectible accounts.
Galina-37 [17]

Answer:

  • Dr Bad Debt expense 6,000
  • Cr Allowance for Doubtful Accounts account 6,000

Explanation:

The total estimated bad debts are $4,800 (= $80,000 x 6%). So the Allowance for Doubtful Accounts account ending balance should be $4,800. Since this account is a contra asset account, the ending balance should be $4,800 credited.

But currently the account has a $1,200 debit balance (it's like -$1,200), so the adjustment record must be = $4,800 + $1,200 = $6,000

That way the ending balance = $6,000 - $1,200 = $4,800

The journal entries should be:

  • Dr Bad Debt expense 6,000
  • Cr Allowance for Doubtful Accounts account 6,000

3 0
3 years ago
Major Manuscripts, Inc.
Lisa [10]

Answer:

Projected total assets = <u>$10,318 </u>

Projected retained earnings = <u>$4,675.30 </u>

Additional new debt required = <u>$537.70</u>

Explanation:

external financing needed = EFN = [(total assets/total sales) x ($ Δ sales)] - [(total current liabilities/total sales) x ($ Δ sales)] - [profit margin x forecasted sales in $ x (1 - dividend payout ratio)]

total assets = $9,380, projected total assets = $9,380 x 1.1 = $10,318

total sales = $7,800

$ Δ sales = $780

current liabilities = $1,550

profit margin = net income / sales = $410 / $7,800 = 0.052564

forecasted sales = $7,800 x 1.1 = $8,580

dividends payout ratio = dividends / net income = $187 / $410 = 0.4561

EFN = [($9,380/$7,800) x ($780)] - [($1,550/$7,800) x ($780)] - [0.052564 x $8,580 x (1 - 0.4561)]

EFN = $938 - $155 - $245.30 = $537.70

projected retained earnings = current retained earnings - projected net income - projected dividends = $4,430 + $451 - $205.70 = $4,675.30

6 0
3 years ago
Your credit card has a credit limit of $1,000. Your credit card company reviews your credit line every 6 months. They will not i
Mice21 [21]

Answer:

2 years and 6 months

Explanation:

after 6months

     $1,000 x 10% = $100

     $1,000 + $100 = $1,100

after 1 year

     $1,100 x 10% = $110

     $1,100 + $110 = $1,210

after 1 year and 6 months

     $1,210 x 10% = $121

     $1,210 + $121 = $1,331

after 2 years

     $1,331 x 10% = $133.10

     $1,331 + $133.10 = $1,464.10

after 2 years and 6 months

     $1,464.10 x 10% = $146.41

     $1,464.10 + $146.41 = $1,610.51

4 0
3 years ago
Other questions:
  • According to communist theory, the value of a commodity is determined by the
    11·1 answer
  • Joe's boss, Jessica, catches him taking money from the office coffee fund. Joe explains he was not stealing, but rather getting
    5·1 answer
  • Redding Corp. reported the following information in its 2017 annual report (in millions). Plans' assets at fair value, January 1
    13·1 answer
  • Countries such as Brazil, India, and Moldova-well-known sources of donors-have banned buying and selling organs. This legal acti
    14·1 answer
  • The three inventory costing methods will normally each yield different amounts of net income
    10·1 answer
  • Which of the following statements is FALSE?A. Financial ratios help compare over time companies of different sizes and industrie
    11·1 answer
  • The key principle in preventing disruption, destruction and disaster is ___________.
    6·1 answer
  • Hardware failure is the least likely of threats to one's data. <br><br> a. True <br><br> b. False
    7·1 answer
  • Garcia Co. sells snowboards. Each snowboard requires direct materials of $113, direct labor of $43, and variable overhead of $58
    11·1 answer
  • big data gets its name from the reality that about 90% of the world’s data was created in the past two years—a fact that is chan
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!