<u>Calculation of amount of stockholders' equity at the end of the year:</u>
At the beginning of the year, Morales Company had total assets of $816,000 and total assets increased $178,000 during the year, hence Total Assets at the end of the year shall be 816000+178000 = $994,000
At the beginning of the year, Morales Company had total liabilities of $526,000 and total liabilities decreased $82,000 during the year. Hence Total Liabilities at the end of the year shall be 526000-82000 = $444,000
Now we can calculate amount of stockholders' equity at the end of the year as follows:
Equity = Assets – Liabilities
= 994,000-444,000
= $550,000
Hence, the amount of stockholders' equity at the end of the year shall be <u>$550,000</u>
Morale means confidence, enthusiasm, and discipline of a person or group at a particular time.
C relative price » sub effect & income effect
Answer:
Production December= 15,000
Explanation:
Giving the following information:
Month Unit Sales
October 10,000
November 14,000
December 15,000
Finished goods inventory at the end of November was 4,000 units.
<u>To calculate the production required for December, we need to use the following formula:</u>
Production= sales + desired ending inventory - beginning inventory
Production= 15,000 + 16,000*0.25 - 4,000
Production= 15,000
Answer:
Journal Entry
Explanation:
The Journal Entry is shown below:-
Cash Dr, (1,600 shares × $13 per share) $
20,800
To Common Stock (1,600 shares × $ 0.01 par) $16
To Additional Paid in Capital in excess of par-Common Stock $20,784
(Being Issuance of common stock is recorded)
Therefore for recording the issuance of common stock we debited cash and credited common stock and additional Paid in Capital in excess of par common stock
