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atroni [7]
3 years ago
6

A company’s January 1, 2014 balance sheet reported total assets of $120,000 and total liabilities of $40,000. During January 2

014, the following transactions occurred: (A) the company issued stock and collected cash totaling $30,000; (B) the company paid an account payable of $6,000; (C) the company purchased supplies for $1,000 with cash; (D) the company purchased land for $60,000 paying $10,000 with cash and signing a note payable for the balance. What is total stockholders’ equity after the transactions above?
A. $30,000.

B. $110,000.

C. $80,000.

D. $194,000.
Business
1 answer:
timofeeve [1]3 years ago
8 0

Answer:

B. $110,000

Explanation:

Calculation for the total stockholders equity

First step is to calculate the Beginning equity

Beginning equity = $120,000 − $40,000

Beginning equity = $80,000.

Now let calculate the stockholders' equity

Stockholders' equity = $80,000 + $30,000

Stockholders' equity = $110,000

Therefore the total stockholders equity will be $110,000

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Ken is 63 years old and unmarried. He retired at age 55 when he sold his business, Understock.com. Though Ken is retired, he is
elena-s [515]

Answer: $‭46,950‬

Explanation:

a. All sources of income should be included including illegal ones.

b. Gain = 1,000 (32 - 31)

= $1,000

c. Gain = Amount received - Amount paid apportioned per year

=  25,000 - (210,000/20)

= 25,000 - 10,500

= $14,500

d. Not included as disability benefits are not included.

e. The $300 is deductible but the $200 that went towards car payment is not.

f. Taxation principles require that the person taxed should be the person earning the income so Ken will not be charged on the $1,100

g. The relevant figure here is the tax benefit before the $610 refund.

Ken claimed $6,250 in itemized deduction but the standard deduction is $6,200. Ken gained;

= 6,250 - 6,2000

= $50

h. The $30,000 is included as Ken earned it.

Gross Income = 1,200 + 1,000 + 14,500 + 200 + 50 + 30,000

= $‭46,950‬

3 0
3 years ago
In the enumeration method the project schedule is calculated many times (perhaps 1,000 or more), and each time, the estimate for
Illusion [34]

The given statement " In the enumeration method the project schedule is calculated many times (perhaps 1,000 or more), and each time, the estimate for a particular activity is generated based on the likelihood of that time as determined by the project manager " is FALSE

Explanation:

Enumeration methods are used for solving combinational problems of optimisation. Combinatory optimization issues are difficulties where choices are binary, in which an object is selected or is not selected

(e.g. line, edge, node).

Basic schedule management strategies include starting and finishing dates for work in a project. Here the shadow bars stretch from the critical path-determined beginning date.

The Enumeration system includes census administration, handling money, computer awareness, Web surveying, information on housing records, post-enumeration analysis and web-based input and distribution of field information.

3 0
3 years ago
Reese, a calendar-year taxpayer, uses the cash method of accounting for her sole proprietorship. In late December, she received
Alenkasestr [34]

Answer:

a. $44,200

b. $44,684

Explanation:

To calculate after-tax costs we just need to deduct the tax saving amount from the pre-tax amount. The tax saving amount can be calculated bt multiplying the pre-tax amount into the tax rate

Requirement A (If she pays the $65,000 in December)

After-tax cost = Pre tax cost - PV of tax saving

After-tax cost = 65,000 - 20,800

After-tax cost = $44,200

working

Tax saving = $65,000 x 32%

Tax saving =  $20,800

Requirement B  (If she pays the $65,000 in January)

After tax cost = $65,000 - $20,315

After tax cost = $44,684

working

Tax saving = $65,000 x 35%

Tax saving = $22,750

Pv of tax saving = $22,750 x 0.893

Pv of tax saving = $20,316

7 0
3 years ago
A pound of raisins costs $2. 00, and a pound of almonds costs $5. 0. Six pounds of a trail mix contains 2 more pounds of raisins
victus00 [196]

Based on the information given the cost of the 6 pounds of trail mix is $18.00.

Pounds of almonds=x

Pounds of raisins=(x + 2)

Hence,

Pounds of raisins=2+2

Pounds of raisins=$4

Since pound raisins is $2.00 and a pound of almonds is $5.00, cost of 6 pounds of trail mix will be calculated as:

Cost of trail mix= ($4 × 2) + (2 × $5)

Cost of trail mix= ($8 + $10)

Cost of trail mix= $18.00

Inconclusion the cost of the 6 pounds of trail mix is $18.00.

Learn more here:https://brainly.in/question/21978709

brainly.com/question/17311573

5 0
2 years ago
As a result of cash flow shortages, millard's department stores has fallen behind in payments to suppliers. some suppliers are w
kupik [55]

In order for Millard’s Department Store to meet their immediate needs, they should utilize the short term financing. Short term financing is defined as a way of business financing by means of obtaining finance that is usually in a term of one year or less than one year. It is usually for about 4-6 months.

6 0
3 years ago
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