Galla Inc. operates in a highly competitive market where the market price for its product is $181 per unit. Galla desires a $19

Natalie intends to achieve a 25% profit on a sale of $70,000. To calculate, she does the following:

(125 ÷ 100) × 70000 = $87500.

Natalie aims for $87500, however, the agent will take a 6% commission on the sale price, so she must include this amount, calculated as:

(106 ÷ 100) * 87500 = $92750.

For the total of $92750, there is an additional closing cost of $1200,

This gives us $92750 + $1200 = $93950.

When rounding $93950 to the nearest hundred, we arrive at $94000.

Therefore, to secure a 25% profit, Natalie should set the final sale price at $94000.

Answer:

Explanation:

The statement of stockholders' equity comprises common stock along with retained earnings. The final figures presented in the attached spreadsheet have been updated.

The Final balance of retained earnings = Initial balance of retained earnings + net income - dividends disbursed

Additionally, the Final balance of common stock = Initial balance of common stock + stock issued

The stockholders' equity statement for the end of the year on December 31, 20Y7 is included in the spreadsheet. See the attachment below: