Blue Fin started the current year with assets of $710,000, liabilities of $355,000 and common stock of $210,000. During the current year, assets increased by $410,000, liabilities decreased by $55,000 and common stock increased by $285,000. There was no payment of dividends to owners during the year. What was the amount of Blue Fin's change in total stockholders' equity during the year?
Answers
The amount of Blue Fin's change in total stockholders' equity during the year is $285,000. To calculate the change in total stockholders' equity during the year, we need to consider the changes in assets, liabilities, and common stock.
Given information:
- Beginning assets: $710,000
- Beginning liabilities: $355,000
- Beginning common stock: $210,000
- Change in assets: $410,000 (increase)
- Change in liabilities: -$55,000 (decrease)
- Change in common stock: $285,000 (increase)
Step 1: Calculate the ending values for assets, liabilities, and common stock.
Ending assets = Beginning assets + Change in assets
Ending liabilities = Beginning liabilities + Change in liabilities
Ending common stock = Beginning common stock + Change in common stock
Ending assets = $710,000 + $410,000 = $1,120,000
Ending liabilities = $355,000 - $55,000 = $300,000
Ending common stock = $210,000 + $285,000 = $495,000
Step 2: Calculate the change in total stockholders' equity.
Change in total stockholders' equity = Ending common stock - Beginning common stock
Change in total stockholders' equity = $495,000 - $210,000 = $285,000
Therefore, the amount of Blue Fin's change in total stockholders' equity during the year is $285,000.
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Related Questions
Given the following financial statements for ZEIN Company:
ZEIN Company
Balance Sheet
At December 31
Assets 2017 2016
Cash EGP102,700 EGP33,400
Accounts Receivables 60,800 37,000
Inventories 126,900 102,650
Land 79,500 107,000
Plant Assets 315,000 205,000
Accumulated Depreciation (44,500) (40,000)
Total Assets 640,400 445,050
Liabilities and Stockholders' Equity Accounts Payable 57,700 48,280
Accrued Expenses Payable 15,100 18,830
Bonds Payable 145,000 70,000
Common Stock 250,000 200,000
Retained Earnings 172,600 107,940
Total Liabilities and Stockholders' Equity 640,400 445,050
ZEIN Company
Income Statement
For the year ended, December 31, 2017
Sales EGP297,500
Cost of goods sold 99,460
Gross profit 198,040
Operating expenses 53,110
Earnings Before Interest and Tax 144,930
Gain on sale of plant assets 5,000
Income before tax expense 149,930
Tax expense (Tax rate = 24. 86%) 37,270
Net income 112,660
Additional information:
1. Operating expenses including depreciation expense of EGP30,500.
2. New plant assets costing EGP146,000 were purchased for cash during the year.
3. Land was sold at cost.
4. Plant assets costing EGP36,000 with book value of EGP10,000 were sold for EGP15,000.
5. A cash dividend of EGP48,000 was declared and paid during the year.
6. Bonds with EGP75,000 face value were issued for cash.
7. The company issued common stock for EGP50,000 for cash.
Prepare the cash flow statement for ZEIN Company for 2017
Answers
The financial statement for ZEIN Company and preparing of cash flow statement is mentioned below.
Depreciation expense EGP 30,500
Gain on sale of plant assets (5,000)
Increase in accounts receivable (23,800)
Increase in inventories (24,250)
Increase in accounts payable 9,420
Increase in accrued expenses payable (3,730)
Net cash provided by operating activities EGP 95,800
Cash flows from investing activities:
Purchase of plant assets (146,000)
Proceeds from sale of land - Proceeds from sale of plant assets 15,000
Net cash used in investing activities (131,000)
Cash flows from financing activities:
Proceeds from issuance of bonds payable 75,000
Proceeds from issuance of common stock 50,000
Dividends paid (48,000
Net cash provided by financing activities 77,000
Net increase in cash 41,800
Cash at beginning of year 33,400
Cash at end of year EGP75,200
What is an analysis of cash flow?A company's working capital, or the amount of money available for operations and transactions, is determined by a cash flow analysis. That is calculated by subtracting current liabilities (liabilities due during the upcoming accounting period) from current assets (cash or near-cash assets like notes receivable).
Cash flow statement:A cash flow statement, also known as a statement of cash flows, is a financial statement in financial accounting that breaks down the analysis into operating, investing, and financing activities and shows how changes in balance sheet accounts and income affect cash and cash equivalents.
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25 points, Why are certain brands global? 3-4 sentences, please.
Answers
Answer: Certain Brands can be global because of their profits, Let's take cars for a example, Cars can be made and distributed based on the company if they can pay for all the shipping and everything, but it really depends on the company and what they are selling.
Explanation:
What are some of the challenges the federal and state governments face in trying to implement a fair tax system?
Give at least three concrete facts to support your answer. (please don't copy other answers)
Answers
Answer:
taxation should follow the four principles of fairness, certainty, convenience and efficiency. Fairness, in that taxation should be compatible with taxpayers' conditions, including their ability to pay in line with personal and family needs.Tax administration must be free of corruption and able to address all the challenges that come its way. These challenges may involve tax collection, management of taxes and duties at borders, introduction of an effective Value Added Tax or sales tax, and administration of developing law. The primary purpose of a tax is to raise revenue for governmental activities, rather than to influence business and personal decisions. Economic growth and efficiency The tax system should not unduly impede or reduce the productive capacity of the economy.
Organizations that assist in moving goods and services from producers to businesses (B2B) and from businesses to consumers (B2C) are called ______. Multiple choice question. direct sellers marketing intermediaries goods handlers jobbers
Answers
Organizations that assist in moving goods and services from producers to businesses (B2B) and from businesses to consumers (B2C) are called marketing intermediaries.
What is the purpose of marketing intermediaries?
marketing intermediaries are those organizations that stand in the gap to
make sure the goods from the producer get to the consumers.
They usually appears as wholesaler and they Organizations that assist in moving goods and services from producers to businesses.
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which concept below best illustrates consumers’ lack of awareness of the labor conditions involved in the production of consumer goods, like meat?
Answers
Ethical consumption or consumer ignorance,
The concept that best illustrates consumers' lack of awareness of the labor conditions involved in the production of consumer goods, like meat, is consumer ignorance or the lack of awareness.
Consumers may be unaware of the specific labor conditions, such as poor working conditions, low wages, or unethical practices, that may be involved in the production of the goods they purchase, including meat.Another related concept is ethical consumption. This concept emphasizes the importance of consumers actively considering and making informed choices about the ethical implications of their consumption habits. However, in the context of the question, the lack of awareness among consumers about labor conditions suggests that they are not consciously engaging in ethical consumption or considering labor conditions as a factor in their purchasing decisions.In summary, the concept that best fits the lack of awareness of labor conditions in the production of consumer goods, like meat, is consumer ignorance or the lack of awareness.
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taylor what happened
Answers
Answer:
whos taylor?
Explanation:
i dont know anyone named taylor so...
Answer:
do fish get thristy? this is a assignment for health
What are four types of taxes that you pay (or are likely to pay in the future)? Describe these types of taxes
Answers
Four types of taxes that you can pay are the State Withholding Tax, a Federal Withholding Tax, a Property Tax, and a Sales Tax. Both withholding taxes are withheld from your paycheck going into state officials and federal officials. Property Taxes are charged against any personal property that you own, and Sales Tax is what you pay on any purchases that you buy, each price varying depending on what state or country you're in.
The State Withholding Tax, Federal Withholding Tax, Property Tax, and Sales Tax are the four sorts of taxes you can pay.
What is Property Tax?
A property tax, usually referred to as a millage rate, is levied by the majority of regional governments in the United States as their main revenue source. Either real estate or private possessions may be subject to this tax. The majority of property owners are required by law to pay real estate taxes in each of the 50 states of the United States, and state property taxes differ.
It's interesting to note that in the USA, property taxes are the main source of income for state and local governments. Property taxes are assessed based on the value of your home, and the average rate is now between 0.1% and 1.9%.
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To calculate the number of montly payments required to pay off a loan or meet an investment goal, use the _______ function.
Answers
To calculate the number of monthly payments required to pay off a loan or meet an investment goal, use the nper function.
In finance, lending is the lending of money by one or more individuals, organizations, or other entities to other individuals and organizations, etc. The beneficiary incurs a debt and usually has to pay interest on that debt until that debt is also repaid. to repay the principal borrowed.
The promissory note will typically state, among other things, the principal amount of the loan, the interest rate charged by the lender, and the date of repayment. A loan involves reallocation of assets in question over a period of time, between the lender and the borrower.
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Me piden que observe diferentes medios de comunicacion para identificar el nombre y una referencia a un gerente
Answers
La respuesta correcta para esta pregunta abierta es la siguiente.
Si lo que te pidieron es observar diferentes medios de comunicación para identificar el nombre y una referencia a un gerente, te podemos compartir la siguiente información.
No nos especificas a qué país te refieres o el país donde tú vives, así que elegiremos televisoras internacionales.
Estas son Telemundo, Univisión. CNN en Español, Grupo Televisa, Grupo Imagen. y Grupo TV Azteca. Los directivos-gerentes de estas dos últimas son magnates de la comunicación, hombres de negocio millonarios con gran influencia a nivel Latinoamérica. Me refiero a Ricardo Salinas, de Grupo Salinas, dueño de TV Azteca, y Olegario Vázquez, dueño de Grupo Imagen.
A duplex brings in $900 per month per unit and has $6,000 in annual expenses. What should an investor who wants a 10% return pay for the duplex?
Answers
An investor who wants a 10% return should pay $156,000 for the duplex.
A duplex brings in $900 per month per unit and has $6,000 in annual expenses.
Firstly, you need to determine the annual income of a duplex.
Annual Income = 900 x 2 units x 12 months = $21,600
Then, calculate the Net Operating Income (NOI) of a duplex.
NOI = Annual Income - Annual Expenses
NOI = $21,600 - $6,000 = $15,600
Next, you need to calculate the purchase price of the duplex.
Purchase Price = NOI / Rate of Return
Purchase Price = $15,600 / 10% = $156,000
Therefore, an investor who wants a 10% return should pay $156,000 for the duplex.
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Like an abstract in a report, this is a one-or two-paragraph summary of the product or service and how it meets the re quirements and exceeds expectations is known as the back ground section of a business proposal .
Answers
Effective business proposals are centered on a fantastic concept or resolution. Although you might be able to do it in an engaging fashion, you want your document and its solution to stand out against the backdrop of other offers.
the concept Who, what, when, why, and how. Be precise and succinct. Keep your language concise and avoid overstating. To prove your goods or service, use logical, well-supported arguments.
Which section of the business plan details how the company has dealt with problems?The executive summary should give a brief description of the issue that your company addresses, your proposed solution to the issue, the business's target market, major financial highlights, and a list of the management team's responsibilities.
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a budgeting strategy of setting aside at least 10% of after-tax income for saving and investing.
Answers
Pay yourself first is the budgeting strategy that is achieved by setting aside minimum of 10% of after-tax income for saving.
The term called "Pay yourself first" means a finance strategy which helps to increase and ensure consistent savings and investment.
The goal of the budgeting strategy called "Pay yourself first" helps to ensure income is first saved or invested before the expenses start to decline the income..In conclusion, Pay yourself first is the budgeting strategy that is achieved by setting aside minimum of 10% of after-tax income for saving.
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Can banks keep charging overdraft fees?.
Answers
It is legal for financial institutions to charge overdraft fees in instances when there isn't enough money in a bank account to cover a transaction.
Overdraft charges arise whilst you don't have enough cash in your account to cowl your transactions. The fee for overdraft fees varies with the aid of the bank, however, they'll cost around $35 consistent with the transaction. those expenses can add up fast and might have ripple consequences which can be high-priced. Overdraft charges can be seen as a manner to compensate financial institutions for the risk they take by permitting customers to spend money they don't have—at least in the meantime. these charges represent a vital revenue circulated for many economic establishments, so it additionally blessings the banks.
you could commonly anticipate banks to price a maximum of four to six overdraft charges consistent with day according to account, although some outliers do allow as many as 12 in at some point.
you can report a lawsuit against a bank based totally on their overdraft expenses. consumers must have the ability to join a bank account that offers affordable and clear bank overdraft expenses. A purchaser fraud safety lawyer can help assert your rights.
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In a market economy, decisions about which goods are produced are based
on
OA what businesses believe will generate the most profits.
O B. what the government decides is important for society.
OC. what the local community has made for generations.
OD. what health care organizations suggest will be best for citizens.
Answers
Answer:
A what businesses believe will generate the most profits.
Explanation:
In a market economy, the private sector controls the majority of the factors of production. The government or central authority does not interfere with economic activities in this type of economy. The private sector decides on the production and distribution of goods and services.
The private sector participates in economic activities to make profits. Demand and supply forces determine the type and quantities of goods to be produced. Traders will avail to the markets the goods and services that consumers are willing to buy.
Answer: what the local community has made for generations
to my brother jayjay
Answers
hahahahahhaha
that is very funny i am laughing so hard i am crying
which firm would an economist most likely label as an oligopolist? choose one: a. this firm is one of a handful of cement manufacturers in a small country. there are barriers to entry due to the necessity of controlling specific resources to make cement. b. this firm is in retail. it is one of the largest and most popular wholesale beauty supply stores in the country. it competes with many rivals, and there is intense price competition. c. this firm is run by the state government and is the only store allowed to sell liquor in a 20-mile area. d. this firm is one of many successful pest exterminators in a small city. it competes with its rivals on price and service, but all of the firms' products are essentially the same.
Answers
An economist would most likely label firm a as an oligopolist.
An oligopolist is a market structure where there are only a few large firms that dominate the industry.
In this case, the cement industry in the small country has high barriers to entry due to the necessity of controlling specific resources, which limits competition and creates a market environment where a few large firms can dominate. The other firms listed in options b, c, and d do not fit the definition of an oligopolist as they operate in industries with either many rivals and intense price competition, government regulation, or where products are essentially the same, allowing for a more competitive market structure.
An economist would most likely label firm A as an oligopolist. This firm is one of a few cement manufacturers in a small country, and there are barriers to entry due to the necessity of controlling specific resources to make cement. In an oligopoly market structure, a small number of firms dominate the industry, and the barriers to entry make it difficult for new competitors to enter.
This allows oligopolists to have more control over market prices and conditions.
In contrast, firms B, C, and D operate in markets with more competition or different market structures, such as monopolistic competition, state monopoly, or perfect competition, which do not exhibit the characteristics of an oligopoly.
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What effects did zaha have on guggenheim new york?
Answers
The effects that Zaha had on Guggenheim New York is that her current retrospective at the Solomon R. Guggenheim Museum in New York gives ample evidence of her genius. She has been busy and produced a staggeringly impressive body of work that is without equal for its inventiveness. This saved urban space and merges the elements of its surroundings. It also projects a brand new artificial landscape outweighted by funnel-shaped cones. The Solomon R. Guggenheim Museum, often referred to as The Guggenheim, is an art museum at 1071 Fifth Avenue on the corner of East 89th Street on the Upper East Side of Manhattan in New York City.
Who is Zaha Hadid?Dame Zaha Mohammad Hadid DBE RA was a British-Iraqi architect, artist and designer, recognised as a major figure in architecture of the late 20th and early 21st centuries.
Therefore, the correct answer is as given above
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Dodo company is disposing of equipment that was originally purchased for $700,000 and has $140,000 of accumulated depreciation to date. The same equipment would cost $950,000 to replace. What is the total amount of sunk cost in this decision?.
Answers
This decision has a total sunk cost of $560,000. So the choice an is right.
The cost that has already been incurred and cannot be recovered is called a "sunk cost." Additionally, irrelevant to decision-making are unnecessary costs.
Rent expense, lease expense, and other expenses like these are examples.
Sunk costs include the $700,000 expense incurred by Dodo Company for a fixed asset and the $140,000 accumulated depreciation on those assets. because they cannot be retrieved.
The present value of a fixed asset if we purchase it is its replacement cost. As a result, it is not a sunk cost.
Therefore, the equipment's book value equals $560,000, which corresponds to the sunk cost of $(700,000-140,000).
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if you are an equity investor how do you make money from your investment?
(A) Continuing to invest more money over time.
(B) Lending money and charging interest
(C) Selling the investment for more than you paid for it
(D) Sharing the equity with others
Answers
Answer:
(C) Selling the investment for more than you paid for it.
Explanation:
The investor can create profits by buying shares at a lowered price and trading them at a greater exchange price. Bonus Problem: If a business is functioning particularly well, it might give available shares to its stockholders. Investors should have a clear knowledge of their maneuvering before buying stock so they understand the best technique to estimate any possible stock purchase.
Answer:
Selling the investment for more than you paid for it
Explanation:
As an export marketer at a SME, what are two or three
associations that you can leverage to build your export marketing
plan?
Answers
As an export marketer at a SME, leveraging on associations to build your export marketing plan can be a game-changer. The goal of leveraging on associations is to broaden your horizons, learn from the experiences of others, and grow your business.
The U.S. Small Business Administration (SBA) is a federal organization that provides support and resources to small businesses. The SBA helps SMEs in the United States with financing, counseling, training, and other resources to help them start, grow, and succeed. The SBA also provides export assistance, which includes information on exporting, export financing, and export counseling.
The International Trade Administration (ITA) is a federal organization that helps U.S. companies compete in the global marketplace. The ITA provides export counseling, market research, trade missions, and other resources to help U.S. companies identify and capitalize on international business opportunities. The ITA also provides information on trade agreements and trade policy, which can help SMEs navigate the complexities of international trade.
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Work environment includes physical and social surroundings of work.
Answers
Answer:
You must consider the physical aspects of different work environments when choosing a career.
what is equal billing and how can it help you when creating your monthly budget?
Answers
Answer:
a check book
Explanation:
it keep everything down
Equal billing, which divides the cost of a service or product equally between two or more parties, can be useful when making a monthly budget because it enables you to precisely estimate and budget for your spending.
What is Budget?A budget refers to making financial planning for the expenses that are going to occur and controlling the spending of an individual. The budget gives an estimate of the expenses.
Equal billing can help you in eliminating arguments or disagreements about who is responsible for a service or product with other parties. You can prevent any potential disputes or problems by agreeing to split the cost equally.
By doing this, you can prevent unanticipated expenditures and make sure you have enough money to pay for all of your necessary bills.
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If a mining company extracts 2.000.000 tons in a period but only sells 1.500.000 tons
A. total depletion on the mine is based on the 1.500.000 tons
B. depletion is expensed on the 2,000,000 tons extracted
C. depletion is expensed on the 1.500,000 to extracted and sold
D. a separate accumulated depletion account is set up to record depletion on the 500,000 to extracted sold
Answers
The correct answer is option C: depletion is expensed on the 1.500,000 tons extracted and sold. Depletion is an accounting method used to allocate the cost of natural resources, such as minerals, over the period in which they are extracted and sold.
The amount of depletion is based on the total amount of minerals extracted and sold, not just the amount sold. Therefore, the depletion expense will be based on the 1.500,000 tons that were both extracted and sold. The remaining 500,000 tons that were extracted but not sold will not be subject to depletion until they are sold in the future.
It is important to note that the depletion rate may vary depending on the method used to calculate it, but the basic principle remains the same - depletion is based on the amount of minerals extracted and sold.
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Should I CHoose business or sciences
Answers
Answer:
business would probably have more future opportunities but honestly whichever one you think you might actually wanna do in the future
A new school building was recently built in the area. The entire cost of the project was $20,000,000. The city has put the project on a 20-year loan with an APR of 2.7%. There are 21,000 families that will be responsible for making monthly payments towards the loan. Determine the total amount that each family should be required to pay each year to cover the cost of the new school building. Round your answer to the nearest cent, if necessary.
Answers
Each family should be required to pay approximately $25.71 per year to cover the cost of the new school building.
To determine the total amount that each family should be required to pay each year to cover the cost of the new school building, we can follow these steps:
Calculate the total loan amount.
The loan amount is the cost of the project, which is $20,000,000.
Calculate the annual interest payment.
The annual interest payment can be calculated using the formula:
Annual Interest Payment = Loan Amount * Annual Interest Rate
Annual Interest Rate = APR / 100
In this case, the annual interest rate is 2.7% or 0.027.
Annual Interest Payment = $20,000,000 * 0.027 = $540,000
Determine the number of families responsible for payments.
There are 21,000 families responsible for making monthly payments.
Calculate the total amount each family should pay each year.
Total Amount per Family = Annual Interest Payment / Number of Families
Total Amount per Family = $540,000 / 21,000
Rounding the result to the nearest cent, each family should be required to pay approximately $25.71 per year to cover the cost of the new school building.
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Paying for the right to buy a stock at a given price is known as a ________________.
Answers
ANSWER
strike price
Explanation:
call option give the holder the right to buy 100 shares of a company at a specific price known as the strike price
What is fiat money and why does it have value?
Answers
Give your suggestions to address the problems and challanges being faced by the migrant workers in foregin employment .
Answers
Answer: Their comfortability relies a lot on what the government would be willing to do to help them. Some of what the government can do, e.g insure them, pension
Explanation:
Their comfortability relies a lot on what the government would be willing to do to help them. Some of what the government can do as as follows;
I) The government can grant them soft loans
ii) The government can consider making it easier for them to easily open SME's
iii) The government can consider making provision for them as regards pensions
iv) The government can insure them
explain why it is not necessary to purchase product replacement warranties.
Answers
It is not always necessary to purchase product replacement warranties because there are low chance that item will be damaged and the cost are always expensive as well.
Product replacement warranties does guarantees to repair or replace a faulty product during the warranty period.
That is, when the product is damaged, the firm who offers the Product replacement warranties must replace the product.However, it is not always necessary to purchase product replacement warranties because there are low chance that item will be damaged and the cost are always expensive as well.
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encompasses all of the data contained within a single business process or unit of work, and its primary purpose is to support daily operational tasks
Answers
Transactional information encompasses all of the data contained within a single business process or unit of work, and its primary purpose is to support daily operational tasks.
Information that is gathered from transactions is referred to as transactional information. It keeps track of the date and location of the transaction, the time it took place, the price ranges of the goods purchased, the mode of payment used, any discounts applied, and other quantities and characteristics related to the transaction.
Row-store databases, which are what transactional databases are, store data on disc as rows rather than columns. When you need to see every detail about a single customer in the user table, row-stores are fantastic.
Although they are designed similarly, transactional and analytical queries are used for distinct things. While analytical queries are used to offer the data required to support business decisions, transactional activities assist the day-to-day operations of an organisation.
The complete question is:
What encompasses all of the information contained within a single business process or unit of work and its primary purpose is to support the performance of daily operational tasks?
a) Transactional information
b) Analytical Information
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