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laiz [17]
2 years ago
3

At the end of the accounting period, Houston Company had $12,000 of par value common stock issued, additional paid in capital of

$11,000, retained earnings of $12,000, and $4,000 of treasury stock. The total amount of stockholders' equity is:
A: $31,000

B: $37,000

C: $39,000

D: $19,000
Business
1 answer:
stira [4]2 years ago
5 0

Answer:

The correct answer is A that is $31,000.

Explanation:

The aggregate amount of stockholders' equity is computed as:

Stockholders' equity = Common Stock + Additional paid in capital in excess of par value + Retained Earnings - Treasury Stock

where

Common Stock = $12,000

Additional paid in capital in excess of par value = $11,000

Retained Earnings = $12,000

Treasury Stock = $4,000

Putting the values in the above formula:

= $12,000 + $11,000 + $12,000 - $4,000

= $31,000

Therefore, the amount of Stockholders' equity is $31,000.

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Rice and potatoes are substitutes in consumption. If the price of rice rises and there is a bumper crop of potatoes, in the mark
soldi70 [24.7K]

Answer:

a) equilibrium price to rise, fall, or stay the same and equilibrium quantity to rise.

Explanation:

Substitute goods are goods that can be used in place of each other.

If the price of rice rises, consumers shift to the consumption of potatoes. Price and quantity demanded of potatoes increases

The bumper harvest increases supply of potatoes. Price falls and quantity increases.

The effect on equilibrium quantity of potatoes would be indeterminate but equilibrium quantity would rise.

I hope my answer helps you

4 0
2 years ago
Which of these protects customers who purchase defective products? A. A boycott B. A warranty C. Shopper's insurance D. Mediatio
Tomtit [17]

Answer:

Explanation:

If there is a warranty, that will be a shoppers protection providing it is not a recall situation. Shopper's Insurance in Canada at least, does not exist.

Unless it is a class action suit, there is no need for mediation.

Boycotts are generally not used in the situation you have described.

8 0
2 years ago
Define what liquidity means by completing the following sentence. Liquidity refers to an asset which can be readily used to pay
Nesterboy [21]

Answer:

Liabilities

Explanation:

'Liquidity' is described as the 'asset's property of being able to be sold without affecting its value or the degree to which it can be easily converted into cash.' If the liquidity ratio of a company is high, then its ability to pay off its current liabilities is high as well. Therefore, the company can pay off the debtors with immediate effect and thus, it would be able to meet its short-term financial commitments. This is the key reason for people's high investments in the companies having a higher liquidity ratio as they analyze the debt paying capability of the company first.

3 0
2 years ago
Consider the relationship between monopoly pricing and price elasticity of demand. If demand is inelastic and a monopolist raise
strojnjashka [21]

Answer:

itll be 10

Explanation:

because on how itll show for the energy on demand

4 0
2 years ago
In 2014, a farmer grows and sells $3 million worth of corn to big flakes cereal company. big flakes cereal company produces $8 m
fenix001 [56]
Domestic gross product (GDP) is used for overall monitoring of an economy. In this regard, it measures the well-being of the  society.

In the current scenario, the funds invested was $3 million while the overall value of the harvest was $8 million. In this regard, the overall contribution to the GDP in 2014 due to the transactions described is the overall harvest and that is $8 million worthy of cereal.
5 0
2 years ago
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