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3 years ago

Identifying and Analyzing Financial Statement Effects of Stock Transactions

Business

1 answer:

Darina [25.2K]3 years ago

6 0

Answer:

Total Stockholders' Equity = $2,031,000

Explanation:

Note: See the attached excel file for the he December 31, 2012, stockholders' equity section of the balance sheet. The excel file contains all the formulae used.

From the attached excel file, we have:

Total Stockholders' Equity = $2,031,000

Download xlsx

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Suppose that Italy and Austria both produce fish and shoes. Italy’s opportunity cost of producing a pair of shoes is 5 pounds of

Alexus [3.1K]

Answer:

Section 1..... Italy has a comparative advantage in the production of shoes, and Austria has a comparative advantage in the production of fish.

Section 2.... 5 pounds of fish, ; 1/10 pairs of shoes

Section 3..... A and C.

Explanation:

The comparative advantage is known to be a term that is in use in the economic world,where a country or company has the ability of producing goods at extremely lower cost compared to that of its partners or competitors.

This is very important because, the country or company will be able to produce its goods by making use of fewer resources.

And thereby gives the country or company an edge in selling its goods at a reasonable lower price when compared with that of its competitors.

In this case, it is summarized or concluded that, Italy has a lower opportunity cost of producing shoes. So, Italy has a comparative advantage in shoes and Sweden has a comparative advantage in fish.

4 0

3 years ago

Which of the following is the best definition of a minimum payment on a credit card?

mixas84 [53]

B) The smallest payment that will keep a credit card holder in good standing with the lender

6 0

3 years ago

Which of these people is a worker in a service industry?

8090 [49]

C. A worker who styles hair.

I hope this helped!

I would appreciate it if you gave me a Thanks and a brainliest (:

4 0

3 years ago

Read 2 more answers

Since the Troy Division also sustained an operating loss in the prior year, Rice's president is considering the elimination of t

s2008m [1.1K]

Answer:

c. $30,000 lower

Explanation:

Missing word "Rice Corporation currently operates two divisions which had operating results last year as follows:

West Division Troy Division

Sales $600,000 $300,000

Variable costs 310,000 200,000

Contribution margin 290,000 100,000

Traceable fixed costs 110,000 70,000

Allocated common corporate costs 90,000 45,000

Net operating income (loss) $ 90,000 ($15,000)

Options are: a. $15,000 higher, b. $45,000 lower, c. $30,000 lower, d. $60,000 higher"

Particulars Amount

Contribution margin $100,000

Less: Traceable fixed costs $70,000

Segment margin of Troy Division $30,000

The operating income would been $30,000 less without the segment margin contributed by the Troy Division. Hence, If the Troy Division had been eliminated at the beginning of last year, Rice Corporation's operating income for last year would have been $30,000 lower.

7 0

3 years ago

Jay sold three items of business equipment for a total of $300,000. None of the equipment was appraised to determine its value.

olasank [31]

Answer:

Consider the following calculations

Explanation:

Step 1. Given information.

Asset Cost Adjusted Basis

--------------------------------------------------

Skidder 230,000 40,000

Driller 120,000 60,000

Platform 620,000 0

-------------------------------------------------

Total 970,000 100,000

Step 2. Formulas needed to solve the exercise.

Allocation for each asset = value sold * (adjusted basis / total)

Gain on sale = Sales price - Adjusted basis amount

Step 3. Calculation and Step 4. Solution.

Sales price is allocated on the basis of adjusted value.

Skidder = 300.000 * 40.000/100.000 = 120.000

Driller = 300.000*60.000/100.000 = 180.000

Platform = 300.000*0/100.000 = 0

Gain on sale = Sales price - Adjusted basis amount

= 300.000 - (40.000 + 60.000 + 0)

= 200.000

6 0

3 years ago