answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
nadezda
2 months ago
11

Overton, Inc. had the following transactions in 2017, its first year of operations: • Issued 15,000 shares of common stock. Stoc

k has par value of $0.01 per share and was issued at $39.00 per share. • Earned net income of $300,000. • Paid dividends of $15.00 per share. At the end of 2017, what is total stockholders' equity?
Business
1 answer:
harina [3.8K]2 months ago
8 0

Answer:

total stockholders' equity = $660000

Explanation:

provided information

Shares issued = 15,000

par value = $0.01 each

issued price = $39.00 each

net profit = $300,000

dividends paid = $15.00 for each share

to calculate

total stockholders' equity

solution

we derive here the common stock value as

common stock = 15,000 × $39

common stock = $585000

and

the amount for dividends is = $15 × 15000

dividends = 225000

thus

total stockholders' equity will be

total stockholders' equity = common stock + net profit - dividends

total stockholders' equity = $585000 + $300,000 - 225000

total stockholders' equity = $660000

You might be interested in
The Nature’s Sunshine natural supplement company decided to use Oracle’s CRM system to manage its many customers. Identify all o
Katen [3525]

Response:

The correct selections are options A and B

Clarification:

The CRM system refers to a system designed to collect and manage customer account data within a unified database and provide access through various networks such as intranet and internet. Thus, the involved components include data warehouses and databases, and it functions as a sophisticated analytical tool.

6 0
3 months ago
On the island of Martha's Vineyard, jobs are plentiful during the summer months, but difficult to find in September once the tou
marusya05 [3725]
Answer B is correct. Seasonal. Explanation: Seasonal unemployment arises at certain periods of the year when demand for services or goods decreases compared to other times. This scenario frequently occurs in tourist regions, like the one described in the provided question, where job demand spikes during peak tourist seasons. Ideally, workers facing seasonal unemployment should seek economic adjustments in low-demand months and diversify their activities to ensure continued income. Government intervention through public employment policies is also critical to mitigate this issue.
8 0
2 months ago
In the current year, Randa Merchandising, Inc., sold its interest in a chain of wholesale outlets, taking the company completely
marusya05 [3725]
Rhanda Merchandising Inc. Income Statement Total revenue $2,980,000 -Cost of goods sold ($1,520,828) Gross profit $1,459,172 -Depreciation expense ($250,000) Operating profit $1,209,172 Gain on condemnation of company property $266,000 -Loss of assets from meteor strike ($656,000) Income from continuing operations before taxes $819,172 -Income taxes ($207,000) Income from continuing operations after taxes $612,172 Gain from discontinued operations $755,000 -Loss from discontinued operations ($475,000) Net income $892,172
5 0
2 months ago
Other questions:
  • Potentially hazardous foods on their way for delivery to your establishment must be kept at what maximum temperature?
    9·1 answer
  • Alisha appears to be overconfident which makes her unapproachable to her employees. Which negative quality is she displaying?
    8·1 answer
  • A pizza company produces frozen pizzas in three departments: assembly, freezing, and packaging. In assembly, crust ingredient ar
    12·1 answer
  • Beranek Corp has $855,000 of assets (which equal total invested capital), and it uses no debt—it is financed only with common eq
    10·1 answer
  • Soffia Inc. manufactures a moisturizing soap with anti-ultraviolet properties, which is sold under the brand name DewMist. The c
    9·2 answers
  • Ted has been a fisherman all of his life. Ted realizes the risk he takes as a business whose market structure is a perfectly com
    7·1 answer
  • To answer the next three questions, refer to the following example. In 2003, Porsche unveiled its new sports utility vehicle (SU
    7·1 answer
  • On December 31, Mars Co. had the following portfolio of stock investments with insignificant influence. Mars had no stock invest
    10·1 answer
  • Suppose Nationwide increases the insurance premium they charge for their auto policies by 12 percent. In​ response, the demand f
    14·1 answer
  • The following information relates to Mapfes Manufacturing Corporation for next quarter: January February March Expected sales (i
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!