Business, 17.09.2019 21:30 Jasten

Packard company engaged in the following transactions during year 1, its first year of operations: ( assume all transactions are cash transactions.) 1) acquired $1100 cash from the issue of common stock. 2) borrowed $570 from a bank. 3) earned $750 of revenues. 4) paid expenses of $280. 5) paid a $80 dividend. during year 2, packard engaged in the following transactions: ( assume all transactions are cash transactions.) 1) issued an additional $475 of common stock. 2) repaid $325 of its debt to the bank. 3) earned revenues of $900. 4) incurred expenses of $420. 5) paid dividends of $130. what is the amount of total stockholders' equity that will be reported on packard's balance sheet at the end of year 1?
a. $1570.
b. $1490.
c. $1020.
d. $390.

Answers: 2

Show answers

Another question on Business

Business, 22.06.2019 01:50

Which statement below best describes george waring's approach to solving the problems of water-borne illness? a. waring is going with his "gut," because he believes that instincts and emotions are the best guides for action. b. waring efficiently and thoroughly lays out the case for why the problems are too large and overwhelming to be solved: people should just move out of cities back to their farms. c. waring has gathered the testimonies of people who live in densely populated areas in order to learn how they themselves have solved their problems. d. waring exhibits the industrial age's increased respect for and reliance on science and the scientific method.

Answers: 1

Answer

Business, 22.06.2019 09:40

Henry crouch's law office has traditionally ordered ink refills 55 units at a time. the firm estimates that carrying cost is 35% of the $11 unit cost and that annual demand is about 240 units per year. the assumptions of the basic eoq model are thought to apply. for what value of ordering cost would its action be optimal? a) for what value of ordering cost would its action be optimal?

Answers: 2

Answer

Business, 22.06.2019 13:10

Lin corporation has a single product whose selling price is $136 per unit and whose variable expense is $68 per unit. the company’s monthly fixed expense is $32,400. required: 1. calculate the unit sales needed to attain a target profit of $5,000. (do not round intermediate calculations.) 2. calculate the dollar sales needed to attain a target profit of $8,400.

Answers: 3

Answer

Business, 22.06.2019 18:00

When peter metcalf describes black diamond’s manufacturing facility in china as a “greenfield project,” he means that partnered with a chinese company to buy the plant . of all market entry strategies, this one carries the lowest risk. because black diamond manufactures its outdoor sports products outside the united states, what risks must its managers be aware of?

Answers: 1

Answer

You know the right answer?

Packard company engaged in the following transactions during year 1, its first year of operations:...

Questions