Savvy Sightseeing had beginning equity of $87,000; revenues of $135,000, expenses of $80,000, and dividends to stockholders of $10,500. There were no stockholder investments during the year. Calculate ending equity.
Ending equity = beginning equity+net income - dividends
= 87000 + (135000-80000) - 10500
Ending equity = 131500
Savvy Sightseeing had beginning equity of $87,000; revenues of $135,000, expenses of $80,000, and dividends to...
Savvy Sightseeing had beginning equity of $73,000; revenues of $93,000, expenses of $66,000, and dividends to stockholders of $9,100. There were no stockholder investments during the year. Calculate ending equity. Multiple Choice $27,000. $90,900. $46,000. $36,900. $100,000. On September 12, Vander Company sold merchandise in the amount of $7,400 to Jepson Company, with credit terms of 2/10, n/30. The cost of the items sold is $5,600. Vander uses the periodic inventory system and the gross method of accounting for sales....
Help Save & Exit Savvy Sightseeing had beginning equity of $81,000 revenues of $117.000, expenses of $74,000, and withdrawals by owners of $9.900. Calculate the ending equity Multiple Choice 4400 $714100 $43.000 5124000 o 100 3000
Help Save & Edit Su Savvy Sightseeing had beginning equity of $81,000, revenues of $117.000, expenses of $74,000, and withdrawals by owners of $9,900. Calculate the ending equity Multiple Choice $114100 $3.000 o 5124000
Sawy Sightseeing had being equity of 84000 revenues of $126.000 expenses of 572000, and dividends to stockholders of $10.200, there were no ocks Calculate the ending equity
During its first year, a corporation earned revenues of $135,000 and incurred expenses of $87,000. The corporation also paid cash dividends of $10,000 and purchased $25,000 of equipment in exchange for cash during the first year. What is the balance in the company's retained earnings account at the end of its first year? O A debit balance of $33,000. O A credit balance of $23,000 O A debit balance of $38,000 O A credit balance of $33,000 O A credit...
Dawson Electronic Services had revenues of $80,000 and expenses of $50,000 for the year. Its assets at the beginning of the year were $400,000. At the end of the year assets were worth $450,000. Calculate its return on assets Ο Ο Ο Ο Ο
Gilmore, Inc., had equity of $135,000 at the beginning of the year. At the end of the year, the company had total assets of $290,000. During the year, the company sold no new equity. Net income for the year was $29,000 and dividends were $3,400. a. What is the sustainable growth rate for the company? (Do not round Intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. What is the sustainable growth...
MC Qu. 182 A company reported total equity of... A company reported total equity of $177,000 at the beginning of the year. The company reported $242,000 in revenues and $181,000 in expenses for the year. There were no stockholder investments or dividends during the year. Liabilities at the end of the year totaled $108,000. What are the total assets of the company at the end of the year? Multiple Choice $61,000 $108,000 $130,000 o $242,000
The amount by which revenues exceed expenses Net Income and Stockholders' Equity for Four Businesses Four different corporations, Aries, Gemini, Leo, and Pisces, show the same balance sheet data at the beginning and end of a year. These data, exclusive of the amount of stockholders' equity, are summarized as follows Total Assets $95,200 $152,300 Total Liabilities $38,100 $64,000 Beginning of the year End of the year On the basis of the above data and the following additional information for the...
15 Zapper has beginning equity of $291000, net income of $68,000, dividends paid of $57000 and stockholder investments of $23,000. Its ending total equity as reported on the balance sheet is: