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mina [271]
3 years ago
7

Roberto Corporation was organized on January 1, 2021. The firm was authorized to issue 88,000 shares of $5 par common stock. Dur

ing 2021, Roberto had the following transactions relating to shareholders' equity: Issued 10,100 shares of common stock at $6.90 per share. Issued 20,800 shares of common stock at $9.30 per share. Reported a net income of $109,000. Paid dividends of $41,000. Purchased 3,600 shares of treasury stock at $11.30 (part of the 20,800 shares issued at $9.30). What is total shareholders' equity at the end of 2021
Business
1 answer:
frozen [14]3 years ago
6 0

Answer:

$290,450

Explanation:

The computation of the total shareholder equity for the year 2021 is shown below:

= Common stock issued + Net income - Dividends - Treasury stock purchased

= (10,100 shares × $6.90) + (20,800 shares × $9.30) + $109,000 - $41,000 - (3,600 shares × $11.30)

= $69,690 + $193,440 + $109,000 - $41,000 - $40,680

= $290,450

Hence, the total stockholder equity for the year 2021 is $290,450

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3 years ago
A monopoly firm can sell 150 units of output for $10 per unit. Alternatively, it can sell 151 units of output for $9.98 per unit
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If A monopoly firm can sell 150 units of output for $10 per unit. The marginal revenue of the 151st unit of output is $6.98.

<h3>Marginal revenue</h3>

Using this formula

Marginal revenue=(Number of units×Price per units)-(Alternate Number of units×Price per units)

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2 years ago
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2 years ago
Compute the present value of $1,150 paid in three years using the following discount rates: 6 percent in the first year, 7 perce
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Answer:

The present value is $938.82

Explanation:

Giving the following information:

Compute the present value of $1,150 paid in three years using the following discount rates: 6 percent in the first year, 7 percent in the second year, and 8 percent in the third year.

We need to discount the final value of $1,150 for each discount rate starting in year 3.

PV= FV/(1+i)^n

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