Benito company began the year with owner
Benito Company began the year with owner's equity of $175,000. During the year, the company recorded revenues of $250,000, expenses of $190,000, and had owner drawings of $20,000. What was Benito's owner's equity at the end of the year?
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Sales are 60% for cash and 40% on credit. Credit sales are collected in the month following sale. The accounts receivable at March 31 are a result of March credit sales.
Highsmith Corporation issues 6,000 shares of $100 par preferred stock at a price of $117 per share. A stock warrant is attached to each share of preferred stock that enables the holder to purchase one share of $10 par common stock for $30.
Bee-In-The-Bonnet Company purchased office supplies costing $6,000 and debited Office Supplies for the full amount. At the end of the accounting period.
Compute the number of shares of common stock that McWade should use in calculating basic earnings per share for 2013.Calculate basic earnings per share for 2013.
Stahl Consulting started the year with total assets of $20,000 and total liabilities of $5,000. During the year, the business recorded $16,000 in catering revenues and $8,000.
McWade Company has 36,000 shares of common stock outstanding at the beginning of 2014. McWade issued 4,500 additional shares on May 1 and 3,000 additional shares on September 30.
Capital budgeting emphasizes the key role management has in value creation by taking projects and expanding the size of the firm if profitable.Do you agree or disagree? Why or why not?
Elsie chooses to process the butter further into spreadable butter by mixing it with canola oil, incurring an additional cost of $1.60 per pound.
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