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
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

You might be interested in
Loran's pretax accounting income in 20X1 is $100,000. Loran had bad debt expense for financial reporting purposes of $14,000 in
stira [4]

Answer:

$2,800

Explanation:

Particulars                                                                       Amount

Favorable temporary difference at the end of 20X2   $7000

* Income tax rate                                                             <u>   40%  </u>

Deferred tax asset account at the end of 20X2         <u>$2,800</u>

6 0
3 years ago
Lamborghini is a classic example of Question 2 options: selective distribution exclusive distribution intensive distribution ind
Leviafan [203]

Lamborghini is a classic example of exclusive distribution.

Selective distribution is a method of product distribution where more than one distributor is present in a given area. Brands of televisions, furniture, and home appliances frequently use it.

Exclusive distribution, on the other hand, describes a distribution strategy that only uses one distributor, retailer, or wholesaler in a particular region. Designer clothing, cars, and even home appliances frequently go through exclusive distribution.

A corporation may use an intensive distribution marketing plan to try to sell its goods from a small vendor to a large retailer. A customer will almost always be able to find the merchandise wherever he travels.

The sale and transfer of a product from a producer to a wholesaler, retailer, and ultimately to the customer is known as indirect distribution.

Hence, Lamborghini is a classic example of exclusive distribution.

Learn more about distribution:

brainly.com/question/14650242

#SPJ1

6 0
1 year ago
________ consist(s) of employees representing various functions of the company, such as R&amp;D, design, production, marketing,
zubka84 [21]

Answer:

Cross functional teams

Explanation:

Cross functional teams is the term which is defined as the groups which are made up of the people from the different functional areas within the company or firm such as the human resources, marketing, sales, customer service and distribution.

Under this teams are effective as each member could address the business decision from different view points.  

Therefore, the cross functional teams are the one which compromise of the employees stating the various company functions.

7 0
3 years ago
Use the following information for the Quick Study below. Skip to question [The following information applies to the questions di
Arada [10]

Answer and Explanation:

a. The computation of the internal rate of return is shown below:

Given that

The expected cash inlfows would be $9,400 for four years each

Rate of return is 7%

The Initial investment is $30,455

Based on the above information

The net present value is

= $9,400 × PVIFA factor for 7% at 4 years - $30,455

= $9,400 × 3.3872 - $30,455

= $31,840 - $30,455

= $1,385

Now the present value factor is

= $30,455 ÷ $9,400

= 3.2399

Now based on the factor table, the rate should be 9% for four years

b. Yes depend upon the internal rate of return, the park co should make the investment

6 0
3 years ago
which manufacturing strategy can be described as producing products to put into inventory based on a demand forecast
Gwar [14]

The make-to-stock manufacturing (MTS) strategy can be described as producing products to put into stock based on a demand forecast.

In this strategy, companies do not maintain productive stability over a period of time, but adjust their manufacturing strategy according to times when demand can increase or decrease.

Some advantages of the make-to-stock strategy are:

  • Economy of scale.
  • Waste reduction.
  • Efficiency in the use of resources.
  • Increased response time.

So this is an effective manufacturing strategy for companies that can accurately forecast their demand.

Learn more here:

brainly.com/question/24099922

8 0
2 years ago
Other questions:
  • Eccles Inc., a zero growth firm, has an expected EBIT of $100,000 and a corporate tax rate of 30%. Eccles uses $500,000 of 12.0%
    9·1 answer
  • You are considering purchasing stock in Canyon Echo. You feel the company will increase its dividend at 4.2 percent indefinitely
    8·1 answer
  • The aim of​ _____________ is to produce high customer equity​, the total combined customer lifetime values of all of the​ compan
    13·1 answer
  • Use the following items to prepare a balance sheet and a cash flow statement.
    13·1 answer
  • Maxine wishes to purchase a pair of running shoes made by her favorite brand. Her budget is limited, and she notices shoes made
    13·1 answer
  • Help me with this pleaseeee !!!
    11·2 answers
  • An employer offers each of its 50 employees 20 vacation days per year. As of January, no employees have taken vacation; however,
    12·1 answer
  • On December 31, Jarden Co.'s Allowance for Doubtful Accounts has an unadjusted credit balance of $14,000. Jarden prepares a sche
    15·1 answer
  • The AD Curve ________. A) indicates the level of aggregate output corresponding to different goods-market-clearinglevels of the
    5·1 answer
  • understand the different types of pricing objectives and how pricing affects each one:] a. survival b. profit c. return on inves
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!