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
the slope to (9, -10), (0, 8) with the work shown please.
Answers
Answer:
-2
Step-by-step explanation:
To find the slope, subtract y1 - y2, then divide by x1-x2
The y numbers in this set is -10 & 8
The x numbers in this set is 9 & 0
-10-8= -18
9-0 = 9
-18/9 = -2
The slope would be -2
Anna and Jayla are reading the same
book. Anna is on page 150 and reads
7 pages a day. Jayla is on page 110 and
reads 15 pages a day. After how many
days will Anna and Jayla have read the
same number of pages? Explain.
Answers
explanation:
Anna-
Day 1: 150+7= 157
Day 2: 157+7=164
Day 3: 164+7=171
Day 4: 171+7=178
Day 5: 178+7=185
Jayla-
Day 1: 110+15= 125
Day 2: 125+15= 140
Day 3: 140+15= 155
Day 4: 155+15= 170
Day 5: 170+15=185
Mona loves the ocean, so she was thrilled to visit the beach and collect some seashells. The function g(x) gives the number of seashells Mona found after x minutes of searching.
What does g(30)≥20 tell you?
Answers
The inequality g(30) ≥ 20 us that: D. Mona found no more than 20 seashells in the first 30 minutes.
What is an inequality?In Mathematics, an inequality simply refers to a mathematical relation that can be used to compare two (2) or more numerical values, numbers, and variables in an algebraic equation, especially based on any of the following inequality symbols:
Greater than or equal to (≥).Greater than (>).Less than (<).Less than or equal to (≤).How to determine the required function?Assuming the variable g represents the total number of seashells and the variable x represents the total number of time (minutes), an inequality which would model the situation is given by;
g(x) ≥ x
when x = 30, we have;
g(30) ≥ 20
Therefore, Mona found no more than (less than or equal to) 20 seashells in the first 30 minutes.
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Complete Question:
Mona loves the ocean, so she was thrilled to visit the beach and collect some seashells. The function g(x) gives the number of seashells Mona found after x minutes of searching.
What does g(30) ≥ 20 tell you?
It took at least 20 minutes for Mona to find 30 seashells.
Mona found at least 20 seashells in the first 30 minutes.
It took at least 30 minutes for Mona to find 20 seashells.
Mona found no more than 20 seashells in the first 30 minutes.
At the movies, my friend bought a drink and popcorn. The total cost of my friend's purchase was $15. The drink cost $6. Which equation represents the total cost of my friend's purchase, along with the cost of the popcorn?
15 - 6 = p; p = 21
p + 15 = 6; p = 9
6 + 15 = p; p = 21
p = 15 - 6; p = 9
Answers
Answer:
The correct equation is: 6 + p = 15; p = 9.
Step-by-step explanation:
In this equation, p represents the cost of the popcorn, and the equation states that the total cost of my friend's purchase (the cost of the drink plus the cost of the popcorn) is $15. Therefore, the cost of the popcorn must be $9.
Answer:
Option D)
Step-by-step explanation:
Overall cost of both the items = $15
Cost of the drink = $6
Cost of popcorn = p
To Find : The equation that represents the Overall cost and the cost of the Popcorn
p + 6 = 15
p = 15 - 6
p = 9
Hence , the correct answer is p = 15 - 6; p = 9
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Which of the following are true statements about any regular polygon? Check all that apply.
Answers
Answer:
They are convex, all sides are congruent, their angles are congruent, and the sum of their exterior angles is 360º.
Step-by-step explanation:
Plzz help me Well Mark Brainliest if correct!
,
Answers
Answer:
B) 3:00
Step-by-step explanation:
Its B the answer is 3:00
Passes through
(-8, 3) and (8, -1).
Answers
Answer:
Slope = Y2 -Y1 / X2 - X1
Slope = -1 -3 / 8 --8
Slope = -4 / 16
Slope = -1 / 4
To calculate the equation we fill in this equation:
(y - y1) = slope • (x -x1)
We only need to choose 1 point so we'll choose (-8, 3)
(y - 3) = -1 / 4 * (x --8)
So the Equation equals
y = -1 / 4 x -2 + 3
y = -1 / 4x +1
Source:
http://www.1728.org/distance.htm
Step-by-step explanation:
Tessa bought stock in a restaurant for $208.00. Her stock is now worth $284.96. What is the percentage increase of the value of Tessa's stock?
Answers
Answer:
37.04%
Step-by-step explanation:
To find the percentage increase in the value of Tessa's stock, we need to calculate the difference between the original price and the current price, and then divide that difference by the original price, and multiply by 100 to express the result as a percentage.
Here is the calculation:
percentage increase = ((284.96 - 208.00) / 208.00) * 100
= (76.96 / 208.00) * 100
= 37.04 * 100
= 37.04%
So Tessa's stock has increased in value by 37.04%.
Answer:
37 % increase
Step-by-step explanation:
To find the percentage increase, take the new amount and subtract the original amount
284.96 -208 =76.96
Divide this by the original amount
76.96/208=.37
Change the decimal form to a percent
.37 * 100% = 37 %
the average weight of 20 students in a certain school was found to be 165 with a standard deviation of 4.5 a) construct a 90% confidence interval for the population mean
Answers
A 90% confidence interval for the population mean is; CI = (163.355, 166.655)
How to find the confidence Interval?The formula to find the confidence level here is;
CI = x' ± z(s/√n)
Where;
CI is confidence level
z-score at confidence level
x' is sample mean
s is standard deviation
n is sample size
We are given;
Sample mean; x' = 165
Sample size; n = 20
standard deviation; s = 4.5
z at CL of 90% = 1.645
Thus;
CI = 165 ± 1.645(4.5/√20)
CI = 165 ± 1.655
CI = (163.355, 166.655)
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below is the probability tree representing natalie selecting socks.
What is the probability that Natalie selects at least one black sock?
Answers
Answer:
[tex]P(Black \ge 1) = \frac{55}{64}[/tex]
Step-by-step explanation:
Given
The attached tree diagram
Required
[tex]P(Black \ge 1)[/tex] --- at least 1 black socks
To do this, we consider the following selections of black (b)
[tex]b = \{BB, BW, WB\}[/tex]
Where
[tex]B\to Black[/tex]
[tex]W\to White[/tex]
From the attached tree diagram, we have:
[tex]BB =\frac{25}{64}[/tex]
[tex]BW =\frac{15}{64}[/tex]
[tex]WB =\frac{15}{64}[/tex]
So:
[tex]P(Black \ge 1) = BB + BW + WB[/tex]
[tex]P(Black \ge 1) = \frac{25}{64} + \frac{15}{64} + \frac{15}{64}[/tex]
Take LCM
[tex]P(Black \ge 1) = \frac{25+15+15}{64}[/tex]
[tex]P(Black \ge 1) = \frac{55}{64}[/tex]
How to Solve the problem 7/8 x 4 =
Answers
Answer:
The Answer is gonna be 7/8 x 4 =3.5
This is the right Answer :3
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First you do 7 divided by 8, then you multiply by 4
7/8 = 0.875
0.875 x 4 = 3.5
Brainliest would be appreciated. I hope I helped you
hello i need help with question 5 please i need help
Answers
a) The total cost of buying the car with HST is given as follows: $36,160.
b) The amount of money saved by the customer leasing the car instead of buying is given as follows: $14,760.
c) The customer should lease a new car, as according to the two options in this problem, leasing is more economic than purchasing a new car.
How to obtain the costs?
The costs are obtained applying the proportions in the context of this problem.
The HST tax is the Ontario Sales Tax, which means that an additional 13% of taxes has to be paid when purchasing the car.
Hence the total cost of buying the car, considering the HST tax, is given as follows:
1.13 x 32000 = $36,160.
The costs for leasing the car are given as follows:
$1,000 down payment.48 payments of $425.Hence the total cost for leasing the car is given as follows:
1000 + 48 x 425 = $21,400.
Then the amount saved by the customers when he/she decides to lease the car instead of purchase is given as follows:
36160 - 21400 = $14,760.
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I need help ASAP with this problem.
Answers
Using the arc length formula,
[tex]S=9\left(\frac{3\pi}{4} \right) \approx \boxed{21.2}[/tex]
A line has a slope of 8 and crosses the y-axis at (0, 12). Express this line in slope-intercept form.
Answers
Answer:
y = 8x + 12
Step-by-step explanation:
Slope-intercept form is y = mx + b where m is the slope and b is the y-intercept.
The problem just handed you everything you need! Awesome!
Replace m with 8. Replace b with 12.
If a line crosses the y-axis at (0, b), then b is the y-intercept.
Evaluate m - 16 when m = 30
Answers
[tex]m-16[/tex] when m is 30
Substitute for m with given value:
[tex](30)-16[/tex]
[tex]=\fbox{14}[/tex]
Answer:
Step-by-step explanation:
a.we can get the equation is m-16 = 30-16=10+20-10-6=10-6+20-10=4+10=14
answer is 14
At the rate of $2.00 per square foot, the cost of painting the rectangular board with a semicircular top shown in the figure is $? Assuming pi = 3.14
I 've been stuck on this for so long can someone please help me out?!
Answers
1.5 x 1.5 x 3.14= 7.065 however since it is a half of circle we divide 7.065 by 2 = 3.5325
Now add 3.5325 and 12 = 15.5325 round it to 15.53 then multiply by $2
The answer is $31.06
How many tens do u need to make 280
Answers
Answer: 28
Step-by-step explanation:
280/10=28
(/=divide)
If you have 10 baskets and have 280 apples to evenly distribute them in every basket, you would have 28 in each basket. If that makes sense.
Hope this helps!
what is 4/5 divided by 2/3
Answers
Step by step exploration
4/5 : 2/3 = 4/5 • 3/2= 12/10=6/5
switch the 2nd fraction around;
4/5 x 3/2
4 x 3 = 12
5 x 2 = 10
Answer: 12/10 or 6/5 (simplified) or 1.2 as a decimal
Britney bought 4 apples, 5 bananas, and 8 oranges at the grocery store.
Which is the ratio of apples to oranges written as a decimal?
A.
1.6
B.
0.4
C.
0.8
D.
0.5
Answers
Answer:
Step-by-step explanation:
The question asks for apples to oranges.
So put the number of apples as a numerator and the number of oranges as a denominator. Simply put 4 on top and 8 on the bottom:
4/8 then divide: 4 divided by 8 = .5
There is the ratio as a decimal.
0.5
Option D
Lenore rounds each factor to the nearest ten to estimate the product of 51 times 37 as 1,500.is Lenore’s estimate reasonable?Explain.
Answers
Answer:
yes
Step-by-step explanation:
51 to nearest ten is 50
37 to nearest ten is 40
50 * 40 = 2000
and it's an estimate so yes
HELP ASAP
Which three-dimensional figure is formed when the square is
rotated about the line?
O cube
O rectangular prism that is not a cube
O cone
O cylinder
Answers
Answer:
a cylinder.
Step-by-step explanation:
I hope this helps
What are the examples of METRIC SYSTEM AND COMMON FACTORS, ANGLES, And HEPTAGON sides?
Please i need your help!!
Answers
Answer:
hey
Step-by-step explanation:
plea se solve step by step solve
it's very urgent plzz
the average number of wins for a team is 7.6 for the season with a standard deviation of 1.3. What is the probability that the team will win more the 9 games this season?
Answers
The probability that the team will win more than 9 games this season, given the average number of wins for the team, is 4 %
How to find the probability ?The Z-score formula is:
Z = (x - mean) / standard deviation
Where x is the number of wins we're interested in (9), mean is the average number of wins (7.6), and standard deviation is the standard deviation of the number of wins (1.3)
Z = (9 - 7.6) / 1.3
= 2.3 / 1.3
= 1.77
This means that 9 wins is 1.77 standard deviations above the mean. The result is the probability of a team winning more than 9 games this season, which is around 0.04 or 4% from the standard normal distribution table.
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30% of what number is 33.0
Answers
If your good at compound interest i need help with this question 15
Answers
Answer:
4000
Step-by-step explanation:
10% of 3120 = 312
312 x 3 = 936
3120 + 936 = 4056
4056 rounded to the nearest thousanth = 4000
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Which of the following terms correctly describe the object below?
Check all that apply.
D A. Prism
B. Solid
C. Cube
D. Pyramid
E. Polyhedron
F. Polygon
Answers
Answer:
A..is the answer of the question
Answer:
Polyhedron, Prism and Solid
help meeeeeeeee PLEASEEEEE
Answers
Answer:
Step-by-step explanation:
5 blocks in 12 minutes
1 hour = 60 minutes
60 div. by 12 = 5
5 meaning theres 5, 12 mins in an hour
so, 5 x 5 = 25
25 meaning blocks per hours
25 + 25 = 50
50 blocks in 2 hours :)
Find cos(a) in the triangle.
Answers
Answer:
B.)
Step-by-step explanation:
cosine is adjacent/hypotenuse
24/25
Answer: 24/25 (choice B)
This is because cosine of an angle is the ratio of the adjacent and hypotenuse
So,
cos(angle) = adjacent/hypotenuse
cos(a) = 24/25
--------------
Extra info:
Something like 7/25 would be for the sin(a) value, and 7/24 is tan(a). The reciprocal of 7/24 leads to 24/7, which is the value of cot(a).
a baker has 85 cups (c) of flour to make bread.she uses 6 1/4 c of flour for each loaf of bread
Answers
The baker can make 13 loafs of bread using 85 cups of flour using 6 1/4 c of flour for each loaf of bread.
What is a fraction?A fraction is written in the form of p/q, where q ≠ 0.
Fractions are of two types they are proper fractions in which the numerator is smaller than the denominator and improper fractions where the numerator is greater than the denominator.
Given, A baker has 85 cups (c) of flour to make bread she uses 6 1/4 c of flour for each loaf of bread.
Now, The fraction 6 1/4 can be written as 25/4.
Therefore, The number of bread loaf the baker can make is,
= (85/25/4).
= 85×(4/25).
= (17×4)/5.
= 68/5.
= 65/5 + 3/5.
= 13 + 3/5.
So, he can make 13 bread loafs.
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y= -4(x+5)^2+4[tex]y=-4(x+5)^2+4[/tex]
Answers
9514 1404 393
Answer:
x = -6 or -4
Step-by-step explanation:
Maybe you want to know the x-intercepts. They are found by ...
0 = (x +5)² -1 . . . . . divide by -4
1 = (x +5)² . . . . . . . add 1
±√1 = x +5 . . . . . . square root
-5 ± 1 = x . . . . . . subtract 5
x = -6 or -4
__
The vertex is (-5, 4). The parabola opens downward, so the vertex is a maximum. The range of the function is (-∞, 4]. The vertical scale factor is -4, so the graph will appear narrower than that of the parent function.