Business, 05.05.2020 09:09 saamiahs

A corporation had the following assets and liabilities at the beginning and end of this year. Assets Liabilities Beginning of the year $ 57,000 $ 24,436 End of the year 115,000 46,575

a. Owner made no investments in the business and no dividends were paid during the year.

b. Owner made no investments in the business but dividends were $600 cash per month.

c. No dividends were paid during the year but the owner did invest an additional $45,000 cash in exchange for common stock.

d. Dividends were $600 cash per month and the owner invested an additional $25,000 cash in exchange for common stock.

Determine the net income earned or net loss incurred by the business during the year for each of the above separate cases: (Decreases in equity should be indicated with a minus sign.) a. b.c. d. Beginning of the year.

Answers: 3

Show answers

Another question on Business

Business, 21.06.2019 15:00

Kim opim, an enthusiastic student, is on her flight over from philadelphia (phl) to paris. kim reflects upon how her educational experiences from her operations courses could explain the long wait time that she experienced before she could enter the departure area of terminal a at phl. as an airline representative explained to kim, there are four types of travelers in terminal a (buad 311) buad 311. mcgraw-hill create. vitalbook file. the citation provided is a guideline. check each citation for accuracy before use.

Answers: 3

Answer

Business, 22.06.2019 02:00

Corporations with suppliers, vendors, and customers all over the globe are referred to as : a) global corporations b) international corporations c) multinational corporations d) multicultural corporations

Answers: 2

Answer

Business, 22.06.2019 06:10

Information on gerken power co., is shown below. assume the company’s tax rate is 40 percent. debt: 9,400 8.4 percent coupon bonds outstanding, $1,000 par value, 21 years to maturity, selling for 100.5 percent of par; the bonds make semiannual payments. common stock: 219,000 shares outstanding, selling for $83.90 per share; beta is 1.24. preferred stock: 12,900 shares of 5.95 percent preferred stock outstanding, currently selling for $97.10 per share. market: 7.2 percent market risk premium and 5 percent risk-free rate. required: calculate the company's wacc. (do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) wacc %

Answers: 2

Answer

Business, 22.06.2019 11:00

In each of the following cases, find the unknown variable. ignore taxes. (do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.) accounting unit price unit variable cost fixed costs depreciation break-even 20,500 $ 44 $ 24 $ 275,000 $ 133,500 44 4,400,000 940,000 8,000 75 320,000 80,000

Answers: 3

Answer

You know the right answer?

A corporation had the following assets and liabilities at the beginning and end of this year. Assets...

Questions