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alekssr [168]
2 years ago
4

On January 1, ABC started the year with a $400,000 balance in Retained Earnings and a $550,000 balance in Common Stock. During t

he year, the company reported net loss of $25,000, paid a dividend of $15,000, and issued more common stock for $30,500. What is total stockholders' equity at the end of the year? (just type numbers)
Business
1 answer:
arsen [322]2 years ago
4 0

Answer:

$940,500

Explanation:

Stockholders equity , also known as  shareholders equity is defined as the sum of the remaining assets for an organization after all liabilities have been paid.

The components of stockholders equity are retained earning ,treasury stock , shares , additional paid in capital  and the sub components,

The sub components are the other items of assets and liabilities that could impact the above mentioned component.

Workings

Retained earnings  -400,000

Common stock -       550,000

Net loss -                  (25,000)  (Retained earning is affected)

Dividends paid         (15,000)   (retained earning affected)

New stock                 30,500   (common stock increase)

total                         940,500

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6 0
2 years ago
g Last year Thomson Inc's earnings per share (EPS) were $3.50, and its growth rate during the prior 5 years was 6.6% per year. I
zalisa [80]

Answer:

17.19   years

Explanation:

The triple value of the earnings per share=$3.50*3=$10.50

The growth rate is 6.6%

Using the nper formula in excel, we can determine the number of years earnings per share would triple

=nper(rate,pmt,-pv,fv)

rate is 6.6%

pmt is not applicable to the scenario ,hence it is zero

pv is the current earnings per share

fv is the future earnings per share

=nper(6.6%,0,-3.5,10.5)= 17.19  

3 0
2 years ago
The managers of a car dealership have decided to utilize the Hawthorne effect to increase productivity, which means using camera
Leokris [45]

Answer:

False

Explanation:

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The term emerged with Hawthorne studies that tested the impact of various working condition variables on the productivity of the employees. Although experts do not believe that there was any Hawthorne effect in Hawthorne studies.  

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5 0
2 years ago
Assume millerville was producing 30 scooters and 10 helicopters before specialization. if millerville wanted to maintain product
lutik1710 [3]

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7 0
2 years ago
Cordner Corporation has two production Departments: P1 and P2 and two service departments: S1 and S2. Direct costs for each depa
Goryan [66]

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S1  $180,000 is allocated 70% to S2 or $126,000 ( 0.7 * 180,000 )

S2  total is $162,000 + $126,000 = $288,000

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Under the step-method of cost allocation,

the amount of costs allocated from $2 to P2 would be $81000

5 0
2 years ago
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