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harina [27]
2 years ago
14

Roberto Corporation was organized on January 1, 2021. The firm was authorized to issue 85,000 shares of $5 par common stock. Dur

ing 2021, Roberto had the following transactions relating to shareholders' equity: Issued 10,700 shares of common stock at $5.90 per share. Issued 20,600 shares of common stock at $8.80 per share. Reported a net income of $95,000. Paid dividends of $53,000. Purchased 3,000 shares of treasury stock at $10.80 (part of the 20,600 shares issued at $8.80). What is total shareholders' equity at the end of 2021
Business
1 answer:
Olegator [25]2 years ago
4 0

Answer:

$254,010

Explanation:

Calculation for the total shareholders' equity at the end of 2021

Issue of stock (10,700 × $5.90) $63,130

Issue of stock (20,600 × $8.80) $181,280

Net income $95,000

Less Dividends( $53,000)

Less Treasury stock (3,000 × $10.80) ($32,400)

Total shareholders' equity $254,010

Therefore the total shareholders' equity at the end of 2021 is $254,010

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One of your business clients has owned and operated his own business as a sole proprietor for over 30 years. He now wants to do
MrRa [10]

Answer:

Incorporating the business and selling the shares to investors to take over as successors

Explanation:

Business incorporation is the legal process through which a business is formed.This allows an incorporated business to sell shares or stocks to interested investors , giving them the power of ownership in proportion to the volume of shares held , and the liability limited to the investment in the business.

It has the advantage over other methods of succession planning in active involvement in the business , limited liability and easier procedures.

5 0
3 years ago
The scarcity problem: Group of answer choices has been solved in all industrialized nations. persists because economic wants exc
Zina [86]

Answer:

persists because economic wants exceed available productive resources.

Explanation:

The scarcity problem is the fundamental economic problem in every kind of society: from the most primitive, to the most advanced, and this is because the nature of human beings is that they are never fully satisfied, and always want more, no matter how rich or poor they are.

In advanced nations such as the United States, Switzerland, or Norway, the scarcity problem still exists. This is why there are economists in these countries in the first place, and why economic policy is a central part of any politician's and government's platform.

4 0
3 years ago
In the context of the external environment of an organization, the task environment:
NNADVOKAT [17]

Answer:

d. includes the sectors that conduct day-to-day transactions with the organization.

Explanation:

An external environment of an organization includes all the external factors, the competitors, suppliers, political environment, social environment etc:

The task environment is the one which is basically related to day to day task management, since exists in the external environment it includes, external factors like:

The suppliers, competitors, labor markets and the customers.

As these all are dealt in everyday transactions of the organization, it is part of task environment management.

5 0
3 years ago
Prepare the current assets section of the balance sheet for Sheridan Company. Assume that in addition to the receivables it has
devlian [24]

Answer:

See explanation section

Explanation:

                            Sheridan Company

     Statement of Financial Position (Balance Sheet)

                       As at December 31, 2018

Particulars                                           Amount ($)

Cash                                                       $91,900

Accounts receivable      xxx,xxx

Less: Bad debt          <u>       xx,xxx</u>

                                                                xxx,xxx

Inventory                                                136,500

Prepaid Insurance                          <u>           9,300</u>

Total Current Assets                          $237,700

Note: If we have accounts receivables and bad debt expense, we can easily get the accurate answer.

7 0
3 years ago
Recently, two nations experienced a trade dispute over copyright issues. Country "A" accused Country "B" of violating internatio
Tanzania [10]

Answer:

The answer is A.The WTO(world trade organization).

Explanation:

The World Trade Organization (WTO) deals with the global rules of trade between nations. Its main function is to ensure that trade flows as smoothly, predictably and freely as possible.

4 0
3 years ago
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