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vova2212 [387]
2 years ago
5

Last year the Baldwin company increased their equity. In 2020 their equity was $49,131. Last year (2021) it increased to $54,834

. What are causes of change in equity
Business
1 answer:
Oduvanchick [21]2 years ago
3 0

The Issue and retirement of stock, Profits of $12,805 and Dividend payment of $6,489 causes the change in equity

Basically, in accounting, the primary cause for increase in stockholders' equity is increase in retained earnings.

  • However, there are other factors that contributes to the change in shareholder's equity.

In conclusion, the Issue and retirement of stock, Profits of $12,805 and Dividend payment of $6,489 causes the change in equity

The missing options includes <em>"A bond issue of$1,377. Issue and retirement of stock . Profits of $12,805 . A change of plant and equipment of$9,580. Plant Improvements of $9,580 A change in short term debt of-$4,478. Depreciation of -$41,287 Dividend payment of$6,489. A change in cash of $481. An accounts payable change of$1,546. Change in inventory of-$3,472."</em>

<em />

Read more about stockholders' equity

<em>brainly.com/question/14032844</em>

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JohnBoy Industries has a cash balance of $54,000, accounts payable of $134,000, inventory of $184,000, accounts receivable of $2
Anettt [7]

Answer:Net working capital = $152,500

Explanation:

Net working capital = CA– CL

Where CA= Current Assets = Cash + Inventory + Accounts Receivable

and CL= Current Liabilities= Account payable + Notes payable + accrued wages and taxes

CA=$54, 000 + $184,000 + $ 219,000 =$457,000

Current liabilities = Account payable + Notes payable + accrued wages and taxes

CL = $134,000 + $129,000 + $41,500 = $304,500

Net working capital = Current assets – Current liabilities

Net working capital = $457,000 – $304,500=  $152,500

Net working capital = $152,500

5 0
3 years ago
During the months of January and February, Hancock Corporation sold goods to three customers. The sequence of events was as foll
Murrr4er [49]

Answer:

Net Sales                         $2720

Explanation:

Hancock Corporation

    Jan 6:   Sales                      $ 1500

Add Jan 6    Sales                      $ 850

Less Jan 14   Sales Discount     $ 30 ( 2% of $ 1500)

<u>Add Feb 28:   Sales                   $ 400</u>

<u>Net Sales                                  $2720 </u>

Only a 2% discount is given on the cash received on Jan 14  on the sales made on JAn 6 to S. Green  because the cash is received within the first ten days of sales made. The cash received on Feb 2 is not given the sales discount as it is received after ten days of the sales made. That is sales were done on Jan 6 to M. Munoz.  with the terms 2/10, n/30 meaning discount will be given within the first ten days . But as the payment was on Feb 2 almost 17 days later the discount is not given.

The term 2/10 n/30 means a two percent discount will be given if sales were  paid within the first ten days. So a discount is given to S. Green but not M. Munoz as payment is done after 10 days.

6 0
3 years ago
The most helpful kind of business and why?
agasfer [191]

Answer:

Hair Salon

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An hair salon is the most helpful kind of bussiness besides chothing store's because your helping people with their hair and geting a lot of money from doing a curtain style.

5 0
3 years ago
When the goods are sold, their costs are transferred from work in process to finished goods.
lara31 [8.8K]
The statement is false. When goods are sold, their cost are transferred from finished goods to sold items.
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You have an idea for a company that sources fruits from local farms and makes fresh juices on a daily basis. You want to start a
Semmy [17]

Answer:

VRIO = Value Rarity Imitablility Organization.  

Value highlights on the source is valued or not. It reflects that the company is systematized to deed the reserve of competence. Rarity is asked in positions of how infrequent and exclusive the assets are. Imitability means that how problematic is it for participants to duplicate the resource or competence. Organization is asked in positions of how fine the assets are structured to exploit the benefits in the market.  

Therefore, it is focused that the value, rarity and the organization is focused in the question but imitability isn’t focused.  However, some skills or resources are too expensive to be copied by other firms  

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