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4 years ago

The stockholders' equity section on the December 31, 2012, balance sheet of Chemfast Corporation reported the following amounts:

Business

1 answer:

Lina20 [59]4 years ago

6 0

Answer:

1. The number of Shares of Preferred Stock issued was

88000/20 = 4400

2. Number of shares outstanding was

4400 - 1000= 3400

3. Average issue price of the preferred stock was

(88000+10340)/4400= 22.35

4. Average issue price of the common stock was

(478400/5200)= 92

5. The treasury stock transaction decreased stock equity by 9100

6. The treasury stock cost (9100/1000)= 9.1

7. Total stockholder Equity is 589,640

Stockholders Equity

Capital stock

Preferred stock 88000

paid in capital in excess of par 10340

Common stock 478400

total paid in capital 576740

Retained Earnings 22000

total paid in capital & Retained earnings 598740

less Treasury stock -9100

total Stockholders Equity 589640

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makkiz [27]

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4 years ago

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Smith & Sons uses the allowance method of handling its credit losses. It estimates credit losses at two percent of credit sa

borishaifa [10]

Answer:

$238,600

Explanation:

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3 years ago

What is the opportunity cost of continuing your education and training after high school?

irina [24]

You will be open to more jobs. Also you will meet new people and make new friends. You could have many opportunities. Finally it helps your brain grow and not deplete ( not forget easier).

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3 years ago

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valina [46]

Answer:

False

Explanation:

Because you would spend 30-40 years of that career that YOU would enjoy. If you do something that's easy but not fun, then you would most likely end up quitting that job/career.

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3 years ago

A mother earned $ 18750.00 18750.00 from royalties on her cookbook. She set aside 20% of this for a down payment on a new home

BARSIC [14]

Answer:

a) $ 5000, $ 10000 b) $ 5000

Explanation:

The royalties money = $18750

She set aside 20% for new home which = 0.2 × 18750 = $ 3750

Amount remaining = 18750 - 3750 = $15000

She invested a sum in a bank certificate of deposit

let the amount invested in bank certificate = y

profit from the investment in the bank = 0.04y

second investment amount = 15000 - y

profit of investment = 0.07 ( 15000 - y)

sum of the two profit = 0.04y + 0.07 (15000 - y) = total profit = $ 900

0.04y + 0.07 (15000 - y) = 900

open the bracket and rearrange the equation

0.04y + 1050 - 0.07y = 900

0.04y - 0.07y = 900 - 1050

-0.03y = -150

divide both side by -0.03

y = -150 / -0.03 = $ 5000

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3 years ago