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3 years ago

During February, assets increased by 87000 and liabilities increased by 31000 . Equity must have:___________.

Business

1 answer:

Pie3 years ago

3 0

Answer:

a. increased by $56,000

Explanation:

General accounting equation ;

Assets = Liabilities + Owners equity

Owners equity = Assets - Liabilities.

Therefore,

Increase in stockholder's equity

= $87,000 - $31,000

= $56,000

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Murphy's, Inc., has 85,000 shares of stock outstanding with a par value of $1 per share. The market value is $12 per share. The

nexus9112 [7]

Answer:

The correct answer is $177,955.

Explanation:

According to the scenario, the computation of the given data are as follows:

Capital in excess of par account = $74,500

Common stock = $85,000

Retained earning = $141,500

So, we can calculate the balance in the capital in excess of par account be after the dividend by using following formula:

Capital after Dividend = Balance sheet amount of Capital + ( Issued additional share × Capital in excess of par per share )

Where,

Issued additional share = 11% × $85,500 = 9,405

And Capital in excess of par per share = $12 - $1 = $11

By putting the value, we get

Capital after dividend = $74,500 + ( 9,405 × $11)

= $74,500 + $103,455

= $177,955

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2 years ago

Giving 100 point s away<br><br> How are ribbons worn on the female Class A and Class B uniforms?

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Answer:

The nameplate will be worn in a comparable position on the Class B uniform. Ribbons: Ribbons are to be aligned with the bottom row of the ribbons centered horizontally on the wearer's left side and even with the top of the first exposed button and spaced 1/8 inch between each row.

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2 years ago

Your _______ should furnish enough money to live on, in an emergency, for six months.

polet [3.4K]

Your A) SAVINGS should furnish enough money to live on, in an emergency, for six months.

Savings should at minimum be equivalent to the amount you spend for your basic needs for a month. Multiply it for 6 months because in case you are unemployed, you will still be able to meet your needs for six months. Giving you time to recoup and find other employment.

IRA is Individual Retirement Account - This is intended for your retirement.
Investments are usually bonds or securities which may take quite some time before it can be liquidated.

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3 years ago

Larkspur, Inc. reports net income of $91,800 in 2022. However, ending inventory was understated $7,800. What is the correct net

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Answer:

$99,600

Explanation:

If the ending inventory was understated that means that they have less of the inventory than they had originally expected, this means that they sold more than they have calculated and therefore have not included the $7,800 in the net income. Therefore, we would need to add this amount to the actual reported net income to get the correct net income for 2022...

$91,800 + $7,800 = $99,600

The correct net income for 2022 is $99,600

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3 years ago

The Pan American Bottling Co. is considering the purchase of a new machine that would increase the speed of bottling and save mo

lys-0071 [83]

Answer:

IRR= R1+[NPV1(R2-R1)%/(NPV1-NPV2)]

=28%+[ 549 x (29-28)%/(549-(-763)]

=28% +[5.49/1312]

=28% +0.418

=28.41%

As per both NPV and IRR the project is acceptable

Reason:

NPV is positive and IRR is greater than cost of capital

Explanation:

See the attached pictures for detailed explanation.

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3 years ago

During​ February, assets increased by 87000 and liabilities increased by 31000 . Equity must have:___________.

During February, assets increased by 87000 and liabilities increased by 31000 . Equity must have:___________.