Statement of stockholders' equity
The revenues and expenses of Paradise Travel Service for the year ended May 31, 206, follow:
Fees earned
$900,000
Office expense
300,000
Miscellaneous expense
15,000
Wages expense
450,000
Everett McCauley invested an additional $40,000 in the business in exchange for common stock, and $10,000 of dividends were paid during the year. Common June 1, 205.
Prepare a statement of stockholders' equity for the year ended May 31, 206.
Paradise Travel Service
Statement of Stockholders' Equity
For the Year Ended May 31, 206
Common Stock Retained Earnings
Balances, June 1, 20Y5
60.000
300,000 V
Issued common stock
40,000
1♥
Net income
I x
Total
$ 360.000
V
40.000
V
Dividends
0
10,000
10.000
Answers
When all liabilities have been paid for a business, what is left over are referred to as the stockholders' equity.
What is the formula for stockholders equity?After all liabilities have been paid, a company's residual assets are referred to as its stockholders' equity. This amount is computed by deducting total liabilities from total assets, or alternatively, by adding share capital and retained earnings and deducting treasury stock.
Total Assets - Total Liabilities = Shareholders' Equity
The aforementioned equation is known as the fundamental accounting equation and is fairly simple to apply. The value of all obligations is subtracted from the total amount of assets on the balance sheet.
SE is therefore the owners' remaining claim to the assets after all debts have been paid. Total assets less total liabilities gives a company's shareholder equity. Shareholder equity includes retained earnings as well as any invested capital.
The complete question is:
Statement of stockholders' equity
The revenues and expenses of Paradise Travel Service for the year ended May 31, 20Y6, follow:
Fees earned $900,000
Office expense 300,000
Miscellaneous expense 15,000
Wages expense 450,000
Everett McCauley invested an additional $40,000 in the business in exchange for common stock, and $10,000 of dividends were paid during the year. Common stock had a balance of $60,000 and retained earnings had a balance of $300,000 as of June 1, 20Y5.
Prepare a statement of stockholders' equity for the year ended May 31, 20Y6.
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When all liabilities have been paid for a business, what is left over are referred to as the stockholders' equity.
What is the formula for stockholders equity?After all liabilities have been paid, a company's residual assets are referred to as its stockholders' equity. This amount is computed by deducting total liabilities from total assets, or alternatively, by adding share capital and retained earnings and deducting treasury stock.
Total Assets - Total Liabilities = Shareholders' Equity
The aforementioned equation is known as the fundamental accounting equation and is fairly simple to apply. The value of all obligations is subtracted from the total amount of assets on the balance sheet.
SE is therefore the owners' remaining claim to the assets after all debts have been paid. Total assets less total liabilities gives a company's shareholder equity. Shareholder equity includes retained earnings as well as any invested capital.
The complete question is:
Statement of stockholders' equity
The revenues and expenses of Paradise Travel Service for the year ended May 31, 20Y6, follow:
Fees earned $900,000
Office expense 300,000
Miscellaneous expense 15,000
Wages expense 450,000
Everett McCauley invested an additional $40,000 in the business in exchange for common stock, and $10,000 of dividends were paid during the year. Common stock had a balance of $60,000 and retained earnings had a balance of $300,000 as of June 1, 20Y5.
Prepare a statement of stockholders' equity for the year ended May 31, 20Y6.
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Related Questions
is 50 tens x 4 hundreds =40 tens x 5 hundreds true or false
Answers
Answer:
True, 50 tens times hundreds equal 40 tens times 5 hundreds
Step-by-step explanation:
50 tens times 4 hundreds equals to 40 ten times 5
hundreds because if you multiply 50 by 4 hundreds
you'll get 20,000 and if you multiply 40 tens by
hundred it will still give you 20,000
Therefore:
50 × 400 = 40 × 500
20,000 = 20,000
Nevaeh has $0.80 worth of nickels and dimes. She has a total of 11 nickels and dimes altogether. Graphically solve a system of equations in order to determine the number of nickels, x,x, and the number of dimes, y,y, that Nevaeh has.
Answers
Answer: We can set up a system of equations to represent this problem. The first equation represents the total value of the nickels and dimes in terms of the number of nickels and dimes that Nevaeh has:
0.05x + 0.1y = 0.80
The second equation represents the total number of nickels and dimes that Nevaeh has in terms of the number of nickels and dimes that she has:
x + y = 11
To graphically solve this system of equations, we can use the slope-intercept form of the linear equations.
y = -2x + 22
y = -1/2 x + 8
The solution would be the point where the lines intersect , which x = 4, and y = 7 .
So she has 4 nickels, and 7 dimes.
Step-by-step explanation:
Lana wants to enclose a garden plot each side of the garden will be 9 feet what is the area of the garden
Answers
The area of garden will be 81 feet².
What is Multiplication?To multiply means to add a number to itself a particular number of times. Multiplication can be viewed as a process of repeated addition.
Given that;
Each side of the garden = 9 feet
We know that;
⇒ Area of square = Side²
Here, Each side of the garden = 9 feet
Hence, The area of garden = 9²
= 81 feet²
Thus, The area of garden = 81 feet²
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Jayda has a vegetable garden. 2/3 of the garden is made up of tomato plants. 4/5 of the tomato plants are beefsteak tomatoes. What portion of the garden is made up of beef steak tomatoes?
Answers
a) The portion of the garden is made up of beef steak tomatoes is 8.
b) he Equation for beef steak tomatoes is 4/5 x (portion of tomatoes).
What is Fraction?The fractional bar is a horizontal bar that divides the numerator and denominator of every fraction into these two halves.
The number of parts into which the whole has been divided is shown by the denominator. It is positioned in the fraction's lower portion, below the fractional bar.How many sections of the fraction are displayed or chosen is shown in the numerator. It is positioned above the fractional bar in the upper portion of the fraction.Given:
Portion of Garden have Tomatoes = 2/3
and, 4/5 of the tomato plants are beefsteak tomatoes.
a) The total section in model is 15.
so, Tomatoes in the garden = 2/3 x 15
= 10
and, the portion of the garden is made up of beef steak tomatoes
= 10 x 4/5
= 8 portion.
b) The Equation for beef steak tomatoes
= 4/5 x (portion of tomatoes)
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Any help would be appreciated
Answers
I think the answer is 5.
Sorry if it's wrong.
Answer:
5
Step-by-step explanation:
This question is based on vector
By applying its formula
AC = AB + BC
we were given AC as 14 and BC as 9 so let find AB
AC = AB + BC
14 = AB + 9
AB = 14 – 9
AB = 5
i hope this helped
What are four consecutive even integers if the first integer is −4? Responses
A) -4,-3,-2,-1
b) -4,-2,0,2
c) -4,-6,-8,-10
D)-4,-5,-6,-7
Answers
The asked consecutive even integers are -4,-2,0,2
What are consecutive integers?Consecutive integers are whole numbers that follow each other without gaps. For example, 15, 16, 17 are consecutive integers.
Given that, what are four consecutive even integers if the first integer is −4
We know that, Consecutive even integers are even integers that follow each other, and they differ by 2. If x is an even integer, then x + 2, x + 4 and x + 6 are consecutive even integers.
Therefore, here x = -4,
-4+2 = -2
-4+4 = 0
-4+6 = 2
Hence, the asked consecutive even integers are -4,-2,0,2
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Brielle entered a contest at work that awards prizes to individuals who walk 10,000 steps a day. On the first day of the contest, Brielle checks her Fitbit at 12:00 PM and sees that she has already completed of the goal. How many steps has Brielle already walked at 12:00 PM? 3/8
Answers
Answer:
3750
I wish you luck in your assignments.
The daily recommended allowance of calcium for a sixth grader is 1,200 mg. One cup of
milk has 25% of the recommended daily allowance of calcium. How many milligrams of
calcium are in a cup of milk? If you get stuck, consider using the double number line.
what's the answer pls tell me
Answers
Answer:
300 milligrams are in aa cup of milk.
Step-by-step explanation:
.25 x 1200 = 300
You bought a new laptop and paid an initial payment of $150 you will make 12 payments of $69.50 how much would the computer cost if your state tried to 6% sales tax
Answers
The cost of the computer if the sales tax is 6% is 924.96 dollars.
How to find the cost of the computer after sales tax?You bought a new laptop and paid an initial payment of $150. You will make 12 payments of $69.50.
The amount the computer cost if the your state charge 6% sales tax can be calculated as follows;
Install mental payment = 12 × 69.50
Install mental payment = 834 dollars
You already made payment of 150 dollars.
Therefore,
total payment including sale tax = 150 + 834
total payment including sale tax = 984 dollars
Sales tax = 6% of 984
Sales tax = 6 / 100 × 984
Sales tax = 5904 / 100
Sales tax = 59.04 dollars
Therefore,
cost of the computer = 984 - 59.04
cost of the computer = 924.96 dollars
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I need help because I don't understand and I need an explanation of how to do it, please.
Answers
Answer:
Step-by-step explanation:
a.we konw DC=2b and DO=OC, so the coordinate of D(-b, 0), C(b, 0)
b.we konw the height of rectangle is h, so the coordinate of A(-b, h), B(b, h).
a) Find the total mass in kilograms of 3500 books, each with mass 800.
b) If the total mass of 8000 apples is 1.04 tonnes, what is the average mass of one apple?
Answers
A) Total mass of 3500 books is 2,800 kilograms.
B) The average mass of one apple is 130 grams.
A) To find the total mass of 3500 books, each with a mass of 800 grams, we can multiply the number of books by the mass of each book:
Total mass = (3500 books) * (800 grams/book)
= 2,800,000 grams
= 2,800 kilograms
Therefore, the Total mass of 3500 books is 2,800 kilograms.
B) To find the average mass of one apple, we can divide the total mass of the apples by the number of apples:
Average mass = (1.04 tonnes) / (8000 apples)
= 130 grams/apple
Therefore, the average mass of one apple is 130 grams.
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Jocelyn has a collection of 100 coins. How many coins represent 25% of her collection?
Answers
25 coins represent 25 percent of Jocelyn's collection.
What is the percentage?A percentage is a quantity or ratio that, in mathematics, represents a portion of one hundred. A dimensionless relationship between two numbers can be represented in a variety of ways, such as through ratios, fractions, and decimals. The symbol "%" is frequently written after the number to indicate percentages.
given, Jocelyn has a collection of 100 coins.
100% of her collection represents = 100 coins
1 % of her collection represents = 100/100 coins
1% of her collection represents = 1 coin
thus,
25% of her collection represents = 1*25 coins
25% of her collection represents = 25 coins
therefore, 25 percent of the collection of Jocelyn represents 25 coins.
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write the missing digits to make this addition correct
_2_+_2=200
Answers
Answer:
128 + 72 = 200
Step-by-step explanation:
Start from the ones. And go next to tens and last find the hundreds.
see image.
what is m=5 n=3 mn+9
Answers
Since m = 5 and n = 3, mn means multiply the values together.
5(3) = 15
Now add 9
15 + 9 = 24
Answer: 24
Step-by-step explanation:
Given that m=5 and n=3, we can plug our values into the given expression to evaluate.
(5)(3)+9 [multiply]
15+9 [add]
24
The reason we multiplied before we added was due to the order of operations. Order of operations tells us to always multiply or divide first before we add or subtract. In this case, the multiplication happens to come first so we multiply, then add.
XYZ Company
Balance Sheet
Assets
Cash
$45,000
Inventory $41,000
Property $134,000
Total Assets:
Liabilities
Notes
Wages
Equity
Stock
$55,000
$56,000
$50,000
Investment $59,000
Total Liabilities + Equity:
Using the balance
sheet, calculate XYZ
Company's total
assets - liabilities.
Total Assets - Liabilities = $ [?]
Enter
PH
Skip
Answers
On solving the provided question, we can say that - by formula of simple interest we have SI = [tex]2200 X 2 X 4/100 = > 17600/100 = > 176[/tex]
what is interest ?Multiplying the principal by the interest rate, time, and other factors yields simple interest. Simple return equals principle times interest times hours is the marketed formula. It is easiest to compute interest using this formula. A percentage of the principle balance is how interest is most commonly computed. For instance, he will only pay his portion of the 100% interest if he borrows $100 from a buddy and promises to pay it back with 5% interest. $100 (0.05) = $5. When you borrow money, you must pay interest, and when you lend money, you must charge interest. Most of the time, interest is expressed as a yearly percentage of the loan amount. The interest rate on the loan is known as this percentage.
here
principal, p = 2200
rate, r = 2%
time, t = 4 rs,
so SI = P X R X T/100
SI -
[tex]2200 X 2 X 4/100\\17600/100\\176[/tex]
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Simplify the difference. (2w2 – 8w – 8) – (5w2 + 3w – 5)
Answers
Answer:
-3w2-11w-3
Step-by-step explanation:
take w2 and w as variables. you can substitute it as w2=y and w=X then expand brackets
2y-8x-8-5y-3x+5
note that the signed changed at the second part because it was expanded with the minus sign which is basically like -1, so it changes the signs
then you collect like terms:
2y-5y-8x-3x-8+5= -3y-11x-3
now put substitute back w2=y and w=X
-3w2-11w-3
if it won't be a problem solving with w2 and w, then you skip the substitution part and solve the same
The question is in the photo attached
Answers
Answer: 10,000
Step-by-step explanation: here's how I got my answer:
Since we are finding the decrease from 2005-2015, we need to multiply 1/20 by 10, since the timespan is 10 years worth of decreasing.
So, 1/2 * 10 =1/2
So, since we have 1/2 as the overall decrease in the population within the 10 years, we divide 20,000 by 1/2 or 20,000 by 2, and we get 10,000. I hope this helps.
Rewrite 6 - 6 - 6 - 6 in exponential notation.
Answers
Rewriting 6-6-6-6 in exponential notation is -1.2×10¹
What is exponential notation?Exponential notation is a way of expressing numbers that are too large or too small to be conveniently written in decimal form. It may be referred to as scientific form or standard index form, or standard form.
When writing in exponential notation, it must be in standard l i.e writing in this format 3.577× 10⁴ not 35.77× 10³.
Though both of the expression are literally correct but 3.577× 10⁴ is the acceptable way of writing a scientific notation.
similarly 6-6-6-6 will give -12
writing -12 in exponential notation is -1.2×10¹
Therefore the exponential notation of 6-6-6-6 is -1.2×10¹.
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Should stockholder wealth maximization be thought of as a long-term or a short-term goal? For example, if one action increases a firm’s stock price from a current level of Rs. 1600 to Rs. 2000 in 6 months and then to Rs. 2400 in 5 years, but another action keeps the stock at Rs. 1600 for several years but then increases it to Rs. 3000 in 5 years, which action would be better? Think of some specific corporate actions that have these general tendencies
Answers
The action which would be better is the latter since it provides a higher average return in the span of 5 years.
What is Wealth maximization?This is referred to as the concept of increasing a firm's worth to increase the value of stockholders' shares and it is usually considered a long-term goal.
In this scenario, the action which involves the stock price rising from Rs. 1600 to Rs. 3000 provides a higher average return in the span of 5 years which is a long-term goal since it is assumed that shareholders invest in a company to meet their long-term financial goal and the corporate actions which have these general tendencies is lending to people and organizations at a proposed interest rate.
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The Students' Union needs to order some pens and notebooks. How much does it cost to order 1000 pens and 2000 notebooks?
$
Pen
Quantity 100 250 500 1000 2500 5000
Price per pen (cents) 80c 72c 66c 60c 52c 45c
Notebook
Quantity 100 250 500 1000 2500 5000
Price per notebook (cents) 99c 86c 80c 76c 72c 70c
Answers
The cost to order 1, 000 pens and 2, 000 notebooks, by the Student Union, can be found to be
How to find the cost of ordering the pens and notebooks ?The cost of ordering 1, 000 pens is shown to be 60 cents per pen so the total cost would be :
= Number of pens x Cost per pen
= 1, 000 x 60 cents
= $ 600
The cost of ordering 2, 000 notebooks is 76 cents per notebook which comes to a total of :
= 2, 000 x 76 cents
= $ 1, 520
The total cost of ordering the pens and notebooks is:
= 600 + 1, 520
= $ 2, 120
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What is the image of the point (0,4) after a rotation of 180 degrees counterclockwise about the origin?
Answers
The image point of (0, 4) is (0, -4).
What is Cartesian plane?The intersection of the x- and y-axes creates the two-dimensional coordinate plane known as the cartesian plane. The origin is the point at where the x- and y-axes cross perpendicularly.
The Cartesian coordinate point (x, y) indicates that the distance from the origin is x in the horizontal direction and y in the vertical direction. The point is to the right of the origin if the sign of x is positive; otherwise, it is to the left.
Given points (0, 4)
to find image of the point (0,4) after a rotation of 180 degrees,
The initial coordinates (x, y) of a point become when we rotate it by 180 degrees around the origin (-x, -y).
So,
-0 is just 0 (since 0 is both negative and positive)
-(4) is -4
This makes our new point (0, -5).
Hence the image of point is (0, -4).
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Solve the exponential equation. 1/16 = 64^4 x − 3
Answers
Answer:
x=7/12Step-by-step explanation:
1/16=64^4x-3
1/4^2=(4^3)^4x-3
4^-2=(4^3)^4x-3
4^-2=4^3*(4x-3)
Since the bases are equal (to 4), the exponents must be equal to each other.
-2=3*(4x-3)
-2=12x-9
-2+9=12x
7=12x
7/12=x
x=7/12
So the answer is x=7/12
Please mark me brainliest if this helped!Here are two number machines that always give the same number for any input. Use the machines expressions to explain why both machines will produce the same outputs for any input.
Answers
Please help will mark Brainly
Answers
Step-by-step explanation:
1. Simplify -6y >= 12 by dividing both sides by -6 to get y alone. This results in y<=-2, because when dividing an inequality by a negative number the sign gets switched.
2. Mark the point (0, -2) because there is no x-value. Shade everything lower and equal to -2 because y can be equal to -2 or less than it.
Answer:
Y less than
Step-by-step explanation:
the image point using the translation (x,y) (x + 4, y -1) for the point (3,3) is?
Answers
The image of the point (3, 3) after a translation 4 units right and one unit down is (7, 2)
What is transformation?Transformation involves moving an object from its original position to a new position on the coordinate plane. This can be a translation, dilation.
Translation is the movement of a point either up, down, left or right in the coordinate plane. Translation is a rigid transformation that preserves the shape and size. Other types of rigid transformation are reflection, and rotation
The translation using the rule (x, y) ⇒ (x + 4, y -1) is a translation 4 units right and 1 unit down.
The image of the point (3, 3) using the rule (x, y) ⇒ (x + 4, y -1) is (7, 2)
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Jesus wants to start saving for college. His parents started an account for him tht currently holds $325. Jesus adds $50 each week.
Answers
After 2 weeks, the account will hold 375 + 50 = $425.
After 3 weeks, the account will hold 425 + 50 = $475.
And so on.
In general, after n weeks, the account will hold 325 + 50n dollars
The sum of two angles is 85, one angle is five more than the measure of the other angle. Write the equation that represents this scenario and find the measure of each angle. Be sure to show your
work.
Answers
Therefore , the solution of the given problem of angles comes out to be equation : x+ y =85°.
'
An angle is what?In Euclidean geometry, an angle is a shape that is made up of two rays, known as the tone's flanks, that meet at a midpoint known as such angle's vertex. Two rays may combine to form an angle there in plane where they are positioned. When two planes collide, an angular is also generated. They are referred to as dihedral angles. An angle in plane geometry is the possible configuration of two rays of lines that share a termination. The origin of the English term "angle" is the Latin phrase "angulus," which meaning "horn." The vertex is the point in which the two vectors, also known as that of the faces of the angle, converge.
Here,
Given :
Let two angles be x and y is
=> x+ y =85°
So, the equation is represented as x+ y =85°.
Therefore , the solution of the given problem of angle comes out to be equation : x+ y =85°.
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an ore is 1 1/2% pure silver. how much ore is needed to obtain 30 kilograms of silver?
Answers
Proportionately, the quantity of ore required to obtain 30 kilograms of silver is 2,000 kilograms.
What is proportion?Proportion refers to two or more ratios equated to each other.
We can use decimals, fractions, or percentages to show the proportional value of one quantity or variable to another.
The quantity of ore that can produce 30 kilograms of silver, based on the given proportion, can be obtained by equating the ratio to the required silver quantity.
The percentage of ore that is pure silver = 1¹/₂% = (0.015)
The quantity of silver needed = 30 kilograms
The quantity of ore that can produce 30 kilograms of silver = 2,000 kilograms (30/0.015)
1¹/₂% = 30 kg
100% = 2,000 kg (30/1¹/₂%)
Thus, given the ratio or proportion of pure silver to ore, the quantity of ore needed to obtain 30 kilograms of silver is 2,000 kilograms.
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9789 dived by 11 that’s it
Answers
Answer: 889.909090909
Step-by-step explanation:
divide
Please help will mark Brainly
Answers
Answer: A) solution is 1
Step-by-step explanation: