Compute the amount of Coaches and Carriages' net income (or loss) for 2016 assuming that no dividends were paid and the owners made no additional contributions during the year.
Answer:
1. 2016 -$1,000
2017 $35,000
2.-$1,000
3. $45,000
Explanation:
1. Computation for the changes in Coaches and Carriages owners’ equity during 2016 and 2017
First step is to calculate owner equity for 2015, 2016 and 2017
Using this formula
Stockholders equity=Assets-Liabilities
Let plug in the formula
2015 Stockholders equity=$25,000-$12,000
2015 Stockholders equity=$13,000
2016 Stockholders equity=$79,000-$76,000
2016 Stockholders equity=$12,000
2017 Stockholders equity=$184,000-$137,000
2017 Stockholders equity=$47,000
Now let Compute for the changes in Coaches and Carriages owners’ equity during 2016 and 2017
Change in stockholders’ equity during 2016
Using this formula
Changes in stockholders’ equity during 2016 =2016 Stockholders equity-2015 Stockholders equity
Let plug in the formula
Changes in stockholders’ equity during 2016 =$12,000-$13,000
Changes in stockholders’ equity during 2016 =-$1,000
Change in stockholders’ equity during 2017
Using this formula
Changes in stockholders’ equity during 2017=2017 Stockholders equity-2016 Stockholders equity
Let plug in the formula
Changes in stockholders’ equity during 2017 =$47,000-$12,000
Changes in stockholders’ equity during 2017=$35,000
Therefore the changes in Coaches and Carriages owners’ equity during 2016 is -$1,000 and 2017 $35,000
2. Computation for the amount of Coaches and Carriages’ net income (or loss) for 2016 assuming that no dividends were paid and the owners made no additional contributions during the year.
Using this formula
2016 Coaches and Carriages’ net income (or loss) = Carriages owners’ equity during 2016-Dividend
Let plug in the formula
2016 Coaches and Carriages’ net income (or loss) = -$1,000-$0
2016 Coaches and Carriages’ net loss= -$1,000
Therefore the amount of Coaches and Carriages’ net income (or loss) for 2016 assuming that no dividends were paid and the owners made no additional contributions during the year will be -$1,000
3. Computation for the amount of Coaches and Carriages’ net income (or loss) for 2017 assuming that dividends paid during the year amounted to $10,000 and no additional contributions were made by the owner
Using this formula
2017 Coaches and Carriages’ net income =Ending Stockholders equity- Beginning Stockholders equity +Dividend
Let plug in the formula
2017 Coaches and Carriages’ net income = $47,000-$12,000+$10,000
2017 Coaches and Carriages’ net income=45,000
Therefore the amount of Coaches and Carriages’ net income (or loss) for 2017 assuming that dividends paid during the year amounted to $10,000 and no additional contributions were made by the owner will be $45,000
To appropriately analyze and interpret data, you should: Select one: a. compare a data point (e.g. sales in September) to its previous value (e.g. sales in August) b. compare a data point (e.g. sales in September 2013) to its value in the previous year (e.g. sales in September 2012) c. only compare year-to-date data d. avoid paired comparisons and only present data in its proper historical context
Answer:
c. only compare year-to-date data
Explanation:
The year to date data refer to the time period that starts from the first day of the present calender year or fiscal year to the present date. It is useful to analyze and interpret the data in order to see the trends of the business over the time also at the same time it compared the performance with that of competitors or the peers who deals in same industry
Therefore the option c is correct
Which term best describes a sunset or knowledge?
A. Non rival good
B. Transfer payment
C. Trade off
D. Rival good
E. Economic constraint
Answer:
The answer is A. (Non rival good)
Explanation:
I just took the test. Nonrival goods are something that everyone can enjoy, and since you can view a sunset everywhere, everyone can watch and enjoy it :))
A bond fund manager is seeking to increase portfolio returns by selling the short-term bond in his portfolio and using the proceeds to invest in long-term bonds. He argues that since the new bonds would have the same rating as the ones sold, such strategy would enable higher return without increase risk. Discuss the strategy.
Answer:
He is wrong.
Explanation:
In order to understand this, bonds are basically loans that private individual or funds give to companies, in order to help them with cash or pay debt, they are paid in certain specifications at a certain timeframe, the problem is that interest rate is fixed, so if the market interest rate goes up, the fund is losing money having invested in that company at a lower interest rate, that is why right now it sounds smart to get a longer-term bond, instead of a short term, but in reality that's cash that you will have frozen with that company and in the meantime interest rates probably would go up.
Nigel and Sylvia are married and live in California. On August 31 of 2019, they split up and filed for divorce with no intentions of reconciling. Nigel earned $4,000 each month of 2019 and Sylvia earned $2,000 a month from June through the end of the year. A joint bank account paid them interest of $200 each month. They will file MFS. How much will Sylvia report on her tax return?
a. $7,000
b. $8,200
c. $28,200
d. $32,200
Answer:
Sylvia will report $28,200 on her tax return.
Option C) $28,200 is the correct Answer
Explanation:
Given the data in the question;
Combined Income = ( 4,000 × 8 ) + ( 2000 × 3) = 32,000 + 6,000 = 38,000
Sylvia Separate Income = ( 2000 × 4 ) + ( 200 × 12/2) = 8000 + 1200 = 9,200
Now, the Income that Sylvia will report is;
⇒ (38,000 / 2) + 9200
= 19,000 + 9,200
= 28,200
Therefore Sylvia will report $28,200 on her tax return.
Option C) $28,200 is the correct Answer
The charter of a corporation provides for the issuance of 112,000 shares of common stock. Assume that 54,000 shares were originally issued and 13,500 were subsequently reacquired. What is the number of shares outstanding
Answer:
40,500 shares
Explanation:
Calculation for the number of shares outstanding
Using this formula
Number of shares outstanding=Originally issued -Reacquired shares
Let plug in the formula
Number of shares outstanding=54,000 shares-13,500 shares
Number of shares outstanding=40,500 shares
Therefore the number of shares outstanding will be 40,500 shares
A labor-intensive process has a fixed cost of $338,000 and a variable cost of $143 per unit. A capital-intensive (automated) process for the same product has a fixed cost of $1,244,000 and a vari-able cost of $92.50 per unit. How many units must be produced and sold at $197 each for the auto-mated process to be preferred to the labor-intensive process
Answer:
the 17,941 units should be produced and sold
Explanation:
The computation of the number of units that should be generated and sold is shown below:
Let us assume the number of units be n
Now as we know that
Total labor cost = variable cost + fixed cost
So the equations are
For labor intensive = $33,8000 + 143 n
And
For capital intensive = $1,244,000 + $92.5n
It could be written as
$1,244,000 + $92.5 n < $338,000 + $143 n
After solving it
n> 906,000÷ 50.5
n>17941
And,
$1,244,000 + $92.5 n < 197 n
After solving it
n>$1,244,000 ÷ 104.5
n>11,904
So the highest is 17,941
Therefore the 17,941 units should be produced and sold
What are the different types of economic measurements used to analyze most economies
Answer:
The levels of poverty.
Exchange rate.
The productivity of laborers.
National debt/The total borrowings of the government.
Inequality in Income.
Real Disposable Income
The Misery Index.
Explanation:
The above are some of the distinct types of economic measurement methods that are employed to analyze the economic growth of a nation. The higher poverty level affects the economic growth negatively. Similarly, the exchange rate, the labor productivity, the amount of national debt, income inequality, etc. are the key factors that displays the economic health of a country. It helps show how well a nation has performed in a specific duration and where they are lagging behind in comparison to other nations.
What are managed services?
Explanation:
In order to optimize efficiency and minimize costs, managed services are the method of transferring the obligation for managing and forecasting the need for a variety of systems and functions.
Resources like infrastructure, device, network and protection are provided by a service provider through continuing and daily assistance and effective management on the properties of customers, in the MSP's server farm or in a third-party server farm.
The country of Micronesia is currently experiencing a recessionary gap. The size of the recessionary gap is $500 billion. If the marginal propensity to consume is .8, how much will the government need to spend to get the economy to full employment? brainly
Answer:
The appropriate solution is "100 billion".
Explanation:
The given values are:
Recessionary gap (Total change),
= $500
Marginal propensity consume (MPC),
= 0.8
Now,
Multiplier will be:
= [tex]\frac{1}{1-MPC}[/tex]
On putting the value of MPC, we get
= [tex]\frac{1}{1-0.8}[/tex]
= [tex]5[/tex]
As we know,
⇒ [tex]Total \ change=Government \ spending's \ increase\times Multiplier[/tex]
⇒ [tex]Government \ spending's \ increase=\frac{Total \ change}{Multiplier}[/tex]
On substituting the values, we get
⇒ [tex]=\frac{500}{5}[/tex]
⇒ [tex]=100 \ billion[/tex]
Why was it believed that accounting standards that were issued by the Financial Accounting Standards Board would carry more weight than standards previously issued
Incomplete question. The options;
a. The FASB has small membership.
b. The FASB board members are well paid.
c. The FASB board members must be CPAs.
d. The FASB engages in due process.
Answer:
d. The FASB engages in due process.
Explanation:
Interestingly, the FASB (Financial Accounting Standards Board) issued standards involve more due process than previously issued standards.
For example, the board on a federal level provides detailed guidelines on how non-profits organizations, public companies, and private companies should report their financial information. By visiting the FASB website, we can find it's due process information.
Your grandparents deposit $2,000 each year on your birthday, starting the day you are born, in an account that pays 7% interest compounded annually. How much will you have in the account on your 21st birthday, just after your grandparents make their deposit
Answer:
The money you will have is $98020.
Explanation:
It is given that grandparents deposit $2,000 each year on birthday and the account pays 7% interest compounded annually also the time is 21 years.
we will use the compound interest formula [tex]A=P (1 + \frac{r}{100})^{t}[/tex].
For the first birthday the amount after 21 yr will be:
[tex]A=2000(1+\frac{7}{100})^{21}[/tex]
Similarly for the second birthday amount after 20yr will be:
[tex]A=2000(1+\frac{7}{100})^{20}[/tex]
likewise, the last compound will be:
[tex]A=2000(1+\frac{7}{100})^1[/tex]
The total value of such compounding would be :
[tex]\text {Total amount}=2000(1+\frac{7}{100})^{21}+2000(1+\frac{7}{100})^{20}...2000(1+\frac{7}{100})^{1}[/tex]
[tex]\text {Total amount}=2000[(1+\frac{7}{100})^{21}+(1+\frac{7}{100})^{20}...(1+\frac{7}{100})^{1}][/tex]
[tex]\text{Total amount} \approx 2000(48.01)[/tex]
[tex]\text{Total amount} \approx 96020[/tex]
The total amount just after your grandparents make their deposit is:
≈($96020+2000)
≈$98020
Hence, the money you will have is $98020.