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omeli
1 day ago
15

Statement of stockholders’ equity Financial information related to Organic Products Company for the month ended June 30, 20Y9, i

s as follows: Net income for June $ 112,000 Dividends paid in June 26,000 Common stock, June 1, 20Y9 150,000 Common stock issued in June 70,000 Retained earnings, June 1, 20Y9 1,610,000 a. Prepare a statement of stockholders’ equity for the month ended June 30, 20Y9.
Business
1 answer:
marusya05 [3.4K]1 day ago
6 0

Response:

Regarding the data provided, we have the following details:

Statement of Stockholder's Equity

Date              Common Stock    Retained Earnings        Total

1 June                $150,000              $1,610,000              $1,760,000

Stock issued       $70,000                                                 $70,000

Net income                                        $112,000                   $112,000

Dividends                                          ($26,000)                 ($26,000)

30 June               $220,000         $1,696,000              $1,916,000

Note: Dividends are subtracted from net income.

Also, net income contributes to retained earnings.

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Consider a hypothetical closed economy in which households spend $0.65 of each additional dollar they earn and save the remainin
Free_Kalibri [3484]

Answer:The marginal propensity to consume (MPC) is 0.65

The multiplier or k = 2.85714 rounded to 2.86

Explanation:

The MPC pertains to the fraction of additional disposable income that consumers choose to spend. It is used to gauge the consumption increase driven by rising income.

MPC can be calculated as follows,

MPC = Change in consumption / change in income

MPC = 0.65 / 1

MPC = 0.65

To derive the multiplier, we apply this formula,

Multiplier or k = 1 / (1 - MPC)

k = 1 / (1 - 0.65)

k = 2.85714 rounded to 2.86

7 0
9 days ago
Butterfly tractors had $14 million in sales last year. cost of goods sold was $8 million, depreciation expense was $2 million, i
Free_Kalibri [3484]
A)
Ventas. 14
Costo de bienes vendidos. (8)
Depreciación. (2)
Intereses (1)
Beneficio neto antes de impuestos=3 millones
Impuesto. 0.35×3 = (1.05)
Ingreso neto= 1.95

Flujo de efectivo= ingreso neto+ depreciación
Flujo de efectivo=1.95+2=3.95

B)
Ingreso neto=1.95-1=0.95
Flujo de efectivo=3.95+1=4.95



5 0
1 month ago
Read 2 more answers
You have two job offers. One is from Company A, which is a great place to work, but offers significantly less compensation. Comp
Mariulka [3472]
A, because is the stress really justified for the money offered by B? My answer would be that stress is always harmful.
8 0
1 month ago
Read 2 more answers
A one-year zero coupon bond costs \$99.43$99.43 today. Exactly one year from today, it will pay \$100$100. What is the annual yi
Mariulka [3472]

Answer:

0.00573

Explanation:

Today's bond cost is $99.43

The bond's value at the year's end is $100

The difference calculates to: $100 - $99.43 = $0.57

This amount of $0.57 indicates the bond's yield. Therefore, the yearly yield is computed as $0.57/$99.43 = 0.00573

This yield represents the one-year discount rate applicable for a future value of $100, where its present value is $99.43.

Final Answer

0.00573

5 0
11 days ago
Colleague responsibilities related to compliance include which of the following:________. A. Report if you have been placed on a
harina [3514]

Response:

A. Report if you’ve been placed on any state or federal exclusion list

Clarification:

While employed within an organization, certain responsibilities concerning compliance, integrity, and honesty are present, including but not limited to:

1. Reporting if they find themselves on a state or federal exclusion list, inclusive of the Officer of Inspector General (OIG) and the General Service Administration (GSA)

2. Promptly report any criminal offense if convicted, except for minor traffic violations

Convictions do not pertain to the following:[

a. Arrests or charges

b. Dismissed judicially

c. Felony convictions, which also entails controlled substance offenses must always be reported

thus, the correct selection is a.

7 0
9 days ago
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