Which of the following describes a move away from capitalism?

Timmy Company's comparative balance sheet at January 31, 2017, and 2016. reports the following (in millions):

Irina-Kira [14]

Answer:

The Accounting Equation states that;

Assets = Liabilities + Equity

Equity as at 2016 = Assets - Liabilities

= 50 - 13

= $37 million

Equity as at 2017 = Assets - Liabilities

= 77 - 18

= $59 million

1. Timmy issued $13 million of stock and declared no dividends.

The Net Income ( loss) will be the figure that gives the Statement of Equity a figure of $59 million.

Net Income = Total stockholders' equity, January 31, 2017 - Total stockholders' equity, January 31, 2016 - Issuance of stock

= 59 - 37 - 13

= $9 million

Total stockholders' equity, January 31, 2016 ................ 37

Add: Issuance of stock ......................................................... 13

Net income ......................................................................9

Less: Dividends declared......................................................0

Net loss.......................................................................................0

Total stockholders' equity, January 31, 2017...................59

2. Timmy issued no stock but declared dividends of $17 million.

Net Income (loss) = Total stockholders' equity, January 31, 2017 - Total stockholders' equity, January 31, 2016 + Dividends Declared

= 59 - 37 + 17

= $39 million

Total stockholders' equity, January 31, 2016 ................ 37

Add: Issuance of stock ......................................................... 0

Net income ......................................................................39

Less: Dividends declared......................................................(17)

Net loss.......................................................................................0

Total stockholders' equity, January 31, 2017...................59

3. Timmy issued $20 million of stock and declared dividends of $27 million.

Net Income (loss) = Total stockholders' equity, January 31, 2017 - Total stockholders' equity, January 31, 2016 + Dividends Declared - Issuance of stock

= 59 - 37 + 27 - 20

= $29 million

Total stockholders' equity, January 31, 2016 ................ 37

Add: Issuance of stock ......................................................... 20

Net income ......................................................................29

Less: Dividends declared......................................................(27)

Net loss.......................................................................................0

Total stockholders' equity, January 31, 2017...................59

7 0

3 years ago

Wegmans' excellent ________ far exceeds customer expectations, especially for a grocery store chain.

Jobisdone [24]

Produce??

Fresh meat?

3 0

3 years ago

The starting point on this grid system for determining latitudinal location is the ____________ , while the starting point for d

aksik [14]

The answers are "Equator" and "Prime Meridian" The grid system gives every point on the earth an address that can be represented as the intersection of two lines, latitude and longitude. The equator is the starting point for measuring latitude (0 degrees latitude), the numbers measure how far north or south of the equator a place is. Longitude shows how far a location is east of the Prime Meridian (0 degrees longitude) , which runs vertically, north and south, right over the British Royal Observatory in Greenwich England, from the North to the South Pole.

3 0

3 years ago

ou are tasked with estimating the costs of a project. Select a project you are familiar with and give a concise summary of that

klemol [59]

Answer:

Cost Estimation is the usage of venture quotes of a restricted degree. This is a significant component of undertaking cost the executives as a feature of the information that incorporates arranging, observing and overseeing venture money costs. A surmised cost of an undertaking, called a quote, is utilized to approve a venture's financial plan and deal with its expenses.

Proficient appraisers utilize characterized procedures to produce quotes that are utilized to assess the money related practicality of a task, to decide subsidizing for venture costs, and to follow venture costs. Quotes are significant in concluding whether to attempt an undertaking, to decide the venture's potential degree, and to guarantee that the task remains monetarily practical and maintains a strategic distance from over-use.

Quotes are typically reconsidered and refreshed as undertaking extension becomes clearer and when task dangers are acknowledged - as the Project Management Committee notes, cost estimation is a procedure. The equivalent. Quotes can likewise be utilized to structure the premise of an undertaking as a state of examination for surveying the real viability of a task.

Key parts of cost estimation

Cost Estimation is the total of the expenses related with effectively finishing a venture through and through. The expenses of these activities can be partitioned in a few different ways and levels of detail, however the least complex grouping isolates costs into two fundamental classes: direct expenses and backhanded expenses.

Direct expenses are grouped into classifications that are legitimately identified with a territory. In venture the board, direct expenses are the costs that are charged for a specific undertaking. These can incorporate task group pay rates, asset costs for the creation of physical items, fuel for gear, and spending plans for tending to explicit venture dangers.

Then again, circuitous expenses can't be connected to explicit cost places, and rather are made by a few undertakings at the same time, some of the time in various sums. In venture the board, quality control, well-being expenses and utilities are commonly delegated circuitous expenses since they are dispersed over various undertakings and can't be paid legitimately to a task.

8 0

3 years ago

A local government has plans to build a new transit station on a site where several homes are currently located. the residents d

egoroff_w [7]

If a local government has plans to build a new transit station on a site where several homes are currently located and the residents would not want to move, then the fifth amendment can be used where it says that the government could take the land but the government should pay a fair enough price to the owners of the land. This part of the Fifth Amendment is called the Taking Clause where it stresses out the a private property should be not be taken for public without a just compensation. The people who made this clause are land property owners who has a certain degree of mistrust of the government power.

5 0

3 years ago

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