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skelet666
1 month ago
7

The following is selected financial information for Osmond Dental Laboratories for 2021 and 2022: 2021 2022 Retained earnings, J

anuary 1 $ 52,000 ? Net income 34,000 46,000 Dividends 12,000 22,000 Common stock 71,000 ? Osmond issued 3,000 shares of additional common stock in 2022 for $20,000. There were no other stock transactions. Prepare a statement of stockholders' equity for the year ended December 31, 2022. (Amounts to be deducted should be indicated with minus sign.)

Business
1 answer:
Scilla [3.8K]1 month ago
6 0
The stockholder's equity statement includes common stock and retained earnings, with the adjusted ending balances detailed in the attached spreadsheet. For retained earnings, the ending balance is calculated as the beginning balance plus net income minus dividends: $52,000 + $34,000 - $12,000 = $74,000. In addition, the ending balance for common stock is calculated as the beginning balance plus new shares issued: $71,000 + $20,000 = $91,000.
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Carol’s Clothiers, LLP, sells women’s business clothing designed by the world’s top designers. The company also sells clothing f
arsen [3447]

Answer:

Retained profits.

Explanation:

This typically happens when a business funds its operations through earnings generated from the sale of goods or services.

The income that Carol's Clothiers earns from the sales it conducts, referred to as retained earnings, acts as the main source of capital for expanding their operations.

Furthermore, as an LLP (limited liability partnership), where certain or all partners may have restricted responsibilities, they can utilize their retained earnings to provide dividends to shareholders or to repurchase shares.

7 0
3 months ago
When an organization has an annual ceremony to reward the past year’s outstanding employees, this ritual is a manifestation of t
soldi70 [3635]

Response:

The espoused values.

Clarification:

The espoused value refers to the beliefs articulated on behalf of the organization. For instance, these are the established practices and processes endorsed by employees, which yield positive outcomes and value for the company.

Hence, when an organization conducts an award ceremony to honor exemplary employees of the year, it reflects and promotes within the organizational culture the commitment to ethical behavior and corporate principles that are essential for maintaining and enhancing positive standards of conduct for achieving success in the organization.

4 0
1 month ago
Your friends sees your answer #1 and assumes that each of those people has a high credit score . Why is your friend incorrect ?
Scilla [3833]

Answer:

To achieve a strong credit score, one must consistently manage debt repayments since they began borrowing.

Your friend is mistaken in thinking that everyone who made all payments on time within a single year has a high credit score, as this view overlooks prior years' activities.

Some individuals might have missed payments on earlier loans but managed to maintain timely payments in 2015. Although this can enhance their credit score, the score would still reflect a lower value due to previous behaviors that negatively impacted it.

5 0
2 months ago
Toni makes apple pies for the local bakery. When Toni works with an assistant, she produces 60% more apple pies and works 20% fe
stepan [3596]

Respuesta:

La respuesta es 200%.

Explicación:

Supongamos que Toni produce x tartas de manzana en y horas.

Esto significa que el ritmo de producción es \frac{x}{y} tartas por hora.

Trabajando con un asistente:

Toni incrementa su producción en un 60%, es decir, ahora hace x + 0.6x = 1.6x tartas.

Además, reduce su tiempo trabajando en un 20%, entonces trabaja y - 0.2y = 0.8y horas.

Por lo tanto, la tasa de producción con ayuda es 1.6x / 0.8y = \frac{\frac{1.6x}{0.8y} }{\frac{x}{y} } X 100.

Al simplificar, obtenemos un aumento del 200% en la producción por hora.

6 0
3 months ago
Read 2 more answers
Kesterson Corporation has provided the following information: Cost per Unit Cost per Period Direct materials $ 6.20 Direct labor
arsen [3447]

Answer:

Indirect manufacturing cost=  $22100

Explanation:

The following data is provided:

Direct materials $ 6.20

Direct labor $ 3.10

Variable manufacturing overhead $ 1.35

Fixed manufacturing overhead $ 14,000

Sales commissions $ 1.50

Variable administrative expense $ 0.40

Fixed selling and administrative expense $ 4,500

A total of 6,000 units have been produced.

To find the indirect manufacturing cost: variable overhead plus fixed manufacturing overhead is calculated as 1.35 * 6000 + 14000 = $22100.

5 0
2 months ago
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