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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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A worker received a $10,000 bonus and decided to split it among three different accounts. He placed part in a savings account pa
kotykmax [81]

Answer:

so savings = $2200

bonds = $4400

and mutual fund = $3400

Explanation:

given data

received bonus = $10,000

savings account paying = 4.5% per year

bonds paying = 5%

mutual fund that returned = 4%

income from these investments = $455

to find out

How much did the worker place in the government bonds

solution

we consider amount invested for 4.5 % is = x

and hen his investment in bonds is = 2x  for 5%

and rest is  10000- x  - 2x

that is = (10000- 3x ) for 4%

so

interest equation will be here

0.045 x + 0.05 (2x) + 0.04 (10000-3x) = 455

solve we get

x = 2200

so savings = $2200

bonds = $4400

and mutual fund = $3400

4 0
3 years ago
Definetion of inhumane
dem82 [27]
The definition of inhumane is something cruel and unkind
4 0
2 years ago
Read 2 more answers
Assume that a constant growth stock is currently selling at its equilibrium price of $52.50 per share. All else constant, if the
ozzi

Answer:

decreased

Explanation:

As we know that there is a negative relationship between the rate of return i.e. required and the price of the stock. That means if the required rate of return rises, than the price of the stock reduced and vice versa

As in the given situation it is mentioned that the required rate of return increase so the price of the stock is decreased

The same is to be considered

5 0
3 years ago
A store has a $179.99 item on sale for 25% off, plus an additional 20% off. What is the percentage of savings off on this item?
Irina-Kira [14]

Answer:

Percentage of savings off=45%

Explanation:

Savings=discount×Original item price

First save=(25/100)×179.99=$44.9975

Additional save=(20/100)×179.99=$35.998

Total savings=(44.9975+35.998)=$80.9955

Percentage of savings=(Total saving/Original price)×100

(80.9955/179.99)×100=45%

8 0
3 years ago
A note receivable Mild Max Cycles discounted with recourse was dishonored on its maturity date. Mild Max would debit: A receivab
Leviafan [203]

Answer:

A receivable.

Explanation:

Mild Max Cycles had a notes receivables, which it already discounted with some financial institution, which later on the maturity date stand to be dishonored.

It is clear that the company earlier already collected the money against it, but now as the note receivable was discounted with recourse that is it provided assurance to the financial institution, in case of any failure, thus, the company will pay back to the financial institution and that the company still have the right to receive it back from the note receivable.

7 0
3 years ago
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