Financial Accounting myBusiness Course Business Course # Return to course Statement of Stockholders' Equity and Balance Sheet The following is balance sheet information for Tuttle Janitorial Service, Inc., at the end of 2019 and 2018: December 31, December 31, 2019 2018 Accounts Payable $6,000 $9,000 Cash 25,000 22,000 Accounts Receivable 39,000 31,000 Land 56,000 46,000 Building, net 250,000 260,000 Equipment, net 44,000 46,000 Mortgage Payable 93,000 88,000 Supplies 18,000 16,000 Common Stock 225,000 225,000 Dividends 12,000 Retained Earnings Q W E R T Y U Business Course Return to Course a. Prepare a balance sheet as of December 31 of each year, TUTTLE JANITORIAL SERVICE, INC. Balance Sheet December 31, December 31, 2019 2018 ASSETS Accounts Receivable Supplies Land Equipment, net Total Assets LIABILITIES Accounts Payable Total Liabilities STOCKHOLDERS' EQUITY Frlock - Q W E R T y Business Course A Return to course TOCNOLDEN QUI Total Stockholders' Equity Cotal Liabilities and Stockholders' Equity $ Prepare a statement fetoclhaldarlaust fan 2010 Uint. TL Financial Accounting myBusiness Course Business Course * Return to course My Subs b. Prepare a statement of stockholders' equity for 2019. (Hint: The increase in retained earnings is equal to net income less dividends.) TUTTLE JANITORIAL SERVICE, INC. Statement of Stockholders' Equity For Year Ended December 31, 2019 CommonStock RetainedEarnings Total Balance, December 31, 2018 Add: Net income for 2019 Less: Dividends for 2019(Enter as negative) Balance, December 31, 2019 Check Previous Save Answers

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Answer 1

According to the financial data of company,

The balance sheet of total assets and liabilities & stockholders equity:

On 31 Dec, 2018 is $ 421,000 & on 31 Dec, 2019 is $ 432,000.

What do you mean by the Stockholders equity?

Equity held by shareholders refers to the sum that a company's founders have contributed to the enterprise.

This covers the funds they have directly invested as well as the total amount of profits the business has generated and reinvested since its establishment.

For investors, shareholders' equity is a crucial indicator. It is a component of the ROE ratio, which demonstrates how well a company's management is utilizing the capital raised from investors to produce profit.

Therefore, according to the financial data of company,

The balance sheet of total assets and liabilities & stockholders equity:

On 31 Dec, 2018 is $ 421,000 & on 31 Dec, 2019 is $ 432,000.

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Financial Accounting MyBusiness Course Business Course # Return To Course Statement Of Stockholders'

Related Questions

When should you use kanban vs Scrum?

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Kanban vs Scrum should be used when one needs both agile software development methodologies

Agile practises in software development include requirement discovery and solution improvement via collaborative work of personality and cross-functional teams with their customer(s)/end user(s), given amount of risk, evolutionary development, early delivery, continuous improvements, and flexible responses to changes in requirements, capacity, and recognising of the problems to be solved.

The capacity to innovate and adapt to change is agile. It is a strategy for navigating a complex and chaotic environment and ultimately prospering in it. The name "Agile" was chosen by the writers of the Agile Manifesto to describe the entire concept because it embodied the adaptability and capacity for change that were crucial to their methodology.

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what statement about traceability is true? select an answer: it requires upfront setup and highly formalized documentation. it's maintained as long as the business analyst is assigned to the project. it provides the ability to track product requirements from their origin to the deliverables that satisfies them.

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The statement about traceability that is true is c) It provides the ability to track product requirements from their origin to the deliverables that satisfy them.

Traceability is a powerful tool that allows organizations to track and manage product requirements from their origin to the deliverables that satisfy them. Hence, option c has the statement that is correct.

This enables organizations to efficiently trace information from the beginning of the product lifecycle all the way through to the customer. Traceability also helps organizations ensure that all requirements are met, and that any changes to the product are being tracked and managed properly.

In addition, traceability provides organizations with greater visibility into the product lifecycle, allowing them to identify and address any issues quickly and efficiently.

Traceability is essential for organizations looking to maximize their product quality and provide their customers with the highest levels of satisfaction.

The question can correctly be written as:

what statement about traceability is true? select an answer:

a) it requires upfront setup and highly formalized documentation.

b) it's maintained as long as the business analyst is assigned to the project.

c) it provides the ability to track product requirements from their origin to the deliverables that satisfy them.

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refer to the accompanying consolidated balance sheet for the commercial banking system. assume the required reserve ratio is 12 percent. all figures are in billions of dollars. if commercial bankers decide to hold additional excess reserves equal to 7 percent of any newly acquired deposits, then the relevant monetary multiplier for this banking system will be

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Excess reserves will disappear if the commercial banking sector really lends the maximum amount it is permitted to lend.

When the legal reserve ratio is 20%, how much money-making capacity does the entire banking industry have?

When the Federal Reserve lowers the reserve ratio, banks are allowed to offer more loans to consumers and companies. As a result, banks no longer need to hold as much cash in reserves. As a result, the economy expands and the nation's money supply rises.

If the reserve ratio is 20%, commercial banks may increase the money supply by $5,000. If the Fed purchases a $1,000 bond from the general public, $1,000 in checkable deposits result.

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assume a profit-maximizing monopoly and firms in a perfectly competitive market have identical cost and revenue conditions. in which market will a binding price ceiling result in a more efficient outcome and why?

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Assume that firms in a perfectly competitive market have identical cost and revenue conditions. The market in which a binding price ceiling will result in a more efficient outcome is perfect competition.

What does binding price ceiling mean?

Basically, price ceiling refers to situation in which the price charged is more than or less than the equilibrium price determined by market forces of demand and supply.

Under this, binding price ceiling occurs when government sets a required price on a good at a price below equilibrium. Since government requires that prices not rise above this price, then, that price binds the market for that good.

As government keeps the price artificially low, then, businesses will not produce enough of those goods to satisfy the market. This results in an insufficient supply of those goods, thereby, creating a shortage in those goods.

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Lauren is a healthy 27-year-old who does not plan to visit the doctor. What are the best reasons for her to find a health insurance plan anyway? choose two correct answers.

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Anything might happen

Where are the answer it said choose to correct answer so we’re are they

What is the largest source of state revenue ?

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Income, sales, and other taxes, fines and fees, transfers from the federal government, and other levies and fees are how the state government is funded. In 2017, taxes made up approximately half of total general revenue.

Where States get their Money ?The amount of state government revenue that comes from federal funds climbed to about 36% in fiscal year 2020, the highest level ever, due to pandemic relief assistance. In the majority of states, the federal portion of tax revenue increased. The majority of the money came from the federal government, up from only four states the year before, in 18 states. At 45.8% of total state revenue, taxes continued to be the predominant source of income in the remaining 32 states.Payments made to federal organisations like the U.S. Department of the Interior are another source of revenue for the government. Other organisations make money through leasing, selling natural resources, and charging various usage and licencing fees.

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Which components are examples of infrastructure as a service IaaS services servers storage all the options networking?

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IaaS is broken into three main components: compute, network, and storage.

Demilitarized zone, or DMZ, is the term used to describe the physical or logical subnet that divides a LAN, or local area network, from another untrusted network—typically the public Internet. The DMZ's function is to offer exposed, external services to enterprises. Untrusted networks, such as the Internet, access the DMZ through an exposed point. Due to its isolation from the rest of the network and utilisation of a small section of the overall network, the DMZ is referred to as a subnet. It is typically advised to disable the DMZ host unless it is absolutely necessary. By doing so, rather of having the network exposed constantly, it is only exposed during the configuration of the DMZ.

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Regarding the syllabus, how many midterm tests are there in IBUS 620 online edition?

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Regarding the syllabus, three midterm tests are there in IBUS 620 online edition

IBUS 620 International Business and Global Market Research (Units: 3) Prerequisite: IBUS 330 with a grade of C- or higher, or instructor permission. Developing skills in international market analysis and business planning. Market research is the process of gathering, analysing, and interpreting information about a market and the people who make up that market. Internationally, market research is critical for determining potential market compatibility and drawing market comparisons. International market research is an essential component of effective export planning.It is essential to assess and assess your product's demand in addition to considerations related to a specific export destination.

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terry moser, an organizer for the teamsters, gives five progressive steps that can lead to unionization. which step has as one of its purposes to identify employees who can help the organizer direct the campaign?

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Initial Organization Meeting has as one of its purposes to identify employees who can help the organizer direct the campaign.

What is the purpose of an organizational meeting?Organizational meetings have a range of uses. They provide participants a chance to talk about and assess their goals and objectives and keep you informed of recent developments. They give people an opportunity to talk and keep the group together. Meetings also give teams a chance to pool resources for decision-making.The fundamental organizational requirements of a corporation established in accordance with the laws of a US state like Delaware are resolved at the organizational meeting, which is a first-time gathering.Meetings for organizations serve a variety of purposes. The fundamental organizational requirements of a corporation established in accordance with the laws of a US state like Delaware are resolved at the organizational meeting, which is a first-time gathering. Meetings also enable organizations to pool resources, which is what matters most.

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What is the integral part of research?

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Ethics is considered to be an integral part of research from the beginning to the end.

Research is considered to be very critical to societal development. As the research is conducted to study and then generate knowledge, provide useful information, and help the decision-making, among others.

However, ethics are considered to be an important part of the research. Thus, there are several reasons that why it is important in order to adhere to ethical norms. First, the norms tend to promote the aims of research. Research methods are specific procedures to collect and analyze data.

Hence, it also promotes knowledge, truth, and avoids any error.

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Information turnaround time referes to the time between creating a ____ at an upstream resource and detecting it at a downstream resource.

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Information turnaround time refers to the time between creating a defect at an upstream resource and detecting it at a downstream resource.

The length of time required to shut down a particular asset or an entire operation at an industrial facility in order to perform maintenance or carry out another procedure is known as the turnaround time. These times are frequently referred to as downtime, scheduled outages, or plant turnarounds. Turnaround time is the amount of time the plant must be shut down for maintenance if the complete facility needs to be maintained.

The upstream phase of manufacturing does not handle the raw material in any way, including processing it. The raw material is just located and extracted at this step of the process. The resources gathered during the upstream stage are converted into a final product during the downstream production phase.

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Which cloud model's infrastructure is available to the general public and is owned and operated by a 3rd party?

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Public clouds are the most common type of cloud computing deployment. The cloud resources (like servers and storage) are owned and operated by a third-party cloud service provider and delivered over the internet.

A limited supply of a scarce resource is referred to as such. A person's mind creates intellectual property resources. It measured the monetary worth of individuals' thoughts, innovations, designs, or creative juices. We do not view intellectual property as a scarce resource because everyone can produce these things without restriction. A point on the production possibilities frontier (PPF) of the economy becomes a position below the PPF. Considering that the PPF has not changed, this might be because of the transition from point A to point B involves leaving a useful, efficient location.

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As MNEs compete internationally, a focus on local responsiveness allows them to do which of the following?

a. independently convert foreign currency into domestic currency
b. open new production facilities quickly and without political interference
c. tailor product offerings to fit local preferences and requirements
d. deliver the same standardized product to all markets throughout the world

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The focus allows MNEs to c.tailor product offerings to fit local preferences and requirements

Local responsiveness refers to the ability of a multinational enterprise (MNE) to adapt its products and operations to the specific needs and preferences of the local market in which it is operating. In order to be successful in international markets, MNEs must be able to effectively balance their global operations with the local needs of each market.

This requires careful consideration of the cultural, social, economic, and political differences among the markets, as well as local consumers' specific needs and preferences. By focusing on local responsiveness, MNEs can better tailor their products and operations to fit the local market's needs, which can help them achieve a competitive advantage and build strong relationships with local customers.

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Executive reports are summarized from ___________ reports.ManagementTacticalSupervisorStrategic

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Executive reports are summarized from management reports. An organization's management, whether it be a corporation or a governmental body, is its administration.

Resource management for a corporation is both an art and a science. Setting an organization's strategy and organising its workers' (or volunteers') efforts to achieve its goals through the use of resources like money, the environment, technology, and people are all included in management. The terms "run the business" and "change the business" are used in management to distinguish between continuing to provide goods or services and modifying those same goods or services to accommodate shifting client demands or market trends. Any individual who oversees an organisation is considered to be in "management."

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What are the 3 core goals of sustainability?

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These are the goals of sustainability at Accenture:

The best and most appropriate response is that sustainability will be the new digital for providing limited resources.

Accenture's primary duty is to decrease carbon emissions from large bog towers and transfer energy to automobiles for societal and commercial advantages.

Accenture's key objective is to eliminate pollution, stop carbon emissions that are bad for society, start recycling, and cause the least amount of damage possible to water resources.

Both producing products and making our operations sustainable are under pressure from drawbacks.

In order to treat the need to become sustainable as a corporate social obligation, consumers will not pay more for environmentally friendly items.

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What are the 3 basic elements of an automated system?

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An automated system is made up of three basic components: power to carry out the process and run the system, a set of instructions to guide the process, and a control system to carry out the instructions.

An automated system is what, exactly?

Automated system operations are a combination of hardware and software that are created and configured to function automatically without the need for a human operator to input data and give directions for every action.

What does an automated system's primary job entail?

Systems for computerized monitoring and control of a process, equipment, or other device are known as industrial automation systems. These systems are typically employed to carry out repetitive activities. In order to decrease and enhance the amount of human work in the sector, they are designed to run automatically.

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18. Goods that are rival in consumption include both . A. natural monopolies and public goods. B. public goods and common resources C. common resources and private goods. D. private goods and natural monopolies

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Goods that are rival in consumption include both. Goods that are rival in consumption include both common resources and private goods. The correct option is option C.

Products that are non-excludable and non-rival are referred to be public goods. Every day, we come across private items. Examples include eating out, grocery shopping, traveling by airline, and using a cellphone.Common resources, as opposed to pure public goods, are commoditized and subject to misuse. Irrigation systems, fishing areas, pastures, woods, water, or the atmosphere are a few examples of common resources. Non-excludable but competitive products or resources are referred to as common resources. A private good is anything that may only be utilized or consumed by one party at a time.

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evansville inc. applies overhead to production at a predetermined rate of 80% based on direct labor cost. job no. 270, the only job still in process at the end of june, has been charged with manufacturing overhead of $6,400. what was the amount of direct materials charged to job 270 assuming the balance in work in process inventory is $20,000?

Answers

Assuming the remaining inventory of work in progress is worth $20,000, the total amount of direct commodities invoiced to task 270 was $5,600.

What does inventory mean?

All the goods, merchandise, and supplies that a company keeps on hand in anticipation of selling them for a profit are referred to as inventory. Example: Just one newspaper will be regarded as inventory if a print vendor utilizes a vehicle to distribute newspapers to clients. The car will be considered an asset.

Briefing:

First, we need to calculate the direct labor added to Work in Process:

Direct labor= allocated overhead / predetermined overhead rate

Direct labor= 6,400 / 0.8

Direct labor= $8,000

Now, by difference, the direct materials:

Direct material= Ending balance - allocated overhead - direct labor

Direct material= 20,000 - 6,400 - 8,000

Direct material= $5,600

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What are the 2 most important accounting principles?

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The 2 most important accounting principles are Accrual principle and the Conservatism principle.

what is  Accrual principle?

The accrual principle is an accounting principle that mandates that all transactions be recorded in the period in which they take place, regardless of when the transaction's real cash flows are received.

what is Conservatism principle?

The Conservatism Principle is what, exactly? According to the Conservatism Principle, only benefits that are guaranteed to occur should be documented, but all prospective losses, even those with a little possibility of occurring, should be acknowledged. This also means that the need that business accounts be prepared with prudence and extensive verification.

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What is an example of costs and benefits?

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Every decision in life has advantages and disadvantages. A decision's benefits are what results from it. A cost is what is forfeited or lost as a result of a choice. Benefits and costs might take the form of monetary values or other considerations, such as how a decision will affect your emotions.

Project A: Building a new product will cost $100,000, and sales of $100,000 per unit are anticipated (unit price = 2). Therefore, 200,000 advantages are sold. The straightforward CBA calculation for this project is 200,000 in financial benefit minus 100,000 in cost, which results in a net benefit of 100,000.

Project B: Improve the product positioning on the sales portal, add a shopping basket, and provide a "keep shopping" option when checking out to enable numerous products to be purchased at once. The cost is $20,000 and the anticipated sales growth will generate $200,000 in revenue. The straightforward CBA calculation for this project is 200,000 in financial benefit less 20,000 in cost resulting in a net benefit of 180.000.

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may result from flexibility of the price system.

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Instability may result from flexibility of the price system.

Economic insecurity is defined as a stage in which the economy is experiencing a recession or an unhealthy expansion accompanied by an increase in the price level. Economic instability is caused by stock market fluctuations, interest rate changes, a drop in home prices, and black swan events. Stock market fluctuations, fluctuations in the prices of houses and other assets, black swan events (unexpected disasters that affect the economy), and changes in interest rates are all causes of economic instability.The main causes of economic insecurity are stock market fluctuations. changes in the interest rate.

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What are the 5 design considerations?

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The WBDG design goals of accessibility, aesthetics, cost-effectiveness, functionality/operation, historic preservation, productivity, secure/safety, and sustainability are all extremely important.

What factors are taken into account in design?

In order to help designers apply the universal accessible design principles and standards to buildings and facilities, design considerations have been developed. They can also be used to spot obstructions in already-built structures.

What is a model for systematic design?

An organized and iterative approach for creating educational solutions to performance issues that draws on a combination of real-world experience, academic research, and theoretical frameworks is known as systematic design.

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Is there a relationship between the conclusion and the data analysis results explain your answer?

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A scientific research method must include both data as well as conclusions as essential components. Data are the findings gathered throughout the course of a study as well as experiment.

Conclusions represent how you interpreted the evidence. Inspection, modification, modeling, and transformation of data are all included in data analysis depending on the study topic. The final inference from either the data analysis, evaluation of the literature, as well as findings would be the conclusion.

Inspection, cleansing, transformation, and modelling of data are all steps in the analysis process, which aims to highlight pertinent information, make inferences, and aid in decision-making.

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Which of the following is a guideline that assists in effective email usage?

a. Do not contribute to email overload.
b. Check mails once every week.
c. Do not use separate accounts for receiving messages.
d. Send messages that are formatted.

Answers

A guideline assisting in effective email usage is a. Do not contribute to email overload.

The abbreviation e-mail stands for electronic mail, which can be used to refer to any type of message that allows users to send information to one another through a network. Simply put, an email allows users who have an email address to communicate with one another online. While writing an email, one should be clear and concise and should avoid including unnecessary information or sending long emails.

Avoiding contributing to email overload is an important guideline to follow in order to effectively use email. Email overload occurs when a person receives a large volume of emails in a short period of time, or when they have difficulty managing the emails they receive. It can lead to stress, decreased productivity, and difficulty prioritizing tasks.

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Perform a value chain analysis for Pfizer.

Answers

The effective Value Chain Analysis requires Pfizer to realize that all activities or functions do not require the same scrutiny level.

What is the Value Chain Analysis?

Value chain analysis is a technique for assessing each activity in a business model of a company to identify areas for improvement. You are prompted to think about how each phase adds or subtracts worth from your ultimate product or service when you conduct a value chain analysis.

Delivering the most value again for the least amount of money is a value chain's main objective to gain a competitive edge.

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a construction company is considering changing its depreciation from the macrs method to the historical sl method for a general purpose hauling truck. the cost basis of the truck is $100,000, and the expected salvage value for depreciation purposes is $8,000. the company will use the truck for eight years and will depreciate it over this period of time with the sl method. what is the difference in the amount of depreciation that would be claimed in year five (i.e., macrs versus sl)?

Answers

The difference in the amount of depreciation is $20 that is calculated by using the formula given below.

The given parameters are as follows:

Cost of truck = $100000

Salvage value = $8000

Life of truck = 8 years

GDS Recovery Period for a general purpose truck is 5 years.

So, this truck would be depreciated using MACRS-5 years class depreciation rates.

Year 5 MACRS depreciation rate = 0.1152

MACRS method depreciation in year 5 = Cost of truck x Year 5 MACRS depreciation rate= $100000 x 0.1152 = $11520

SL method depreciation in year 5 = (cost of truck - salvage value)/life of truck= ($100000 - $8000)/8 years

= ($92000)/8 years

 = $11500

The difference in the amount of depreciation = $11520 - $11500 = $20

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Should I take standard deduction?

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You should undoubtedly itemize your deductions and save money if your standard deduction is lower than your itemized deductions.

What is standard deduction?

The standard deduction is a sum of money that non-itemizers are permitted to deduct from their income under US tax law before income tax (but not other types of tax, such payroll tax) is applied.

Taxpayers have the option of using itemized deductions or the standard deduction, but they typically opt for the one that lowers their overall tax bill. Individuals, married individuals, and heads of household who are residents for tax purposes as well as US citizens and aliens are eligible for the standard deduction.

Based on filing status, the standard deduction normally rises every year. Non-resident aliens living in the United States are not eligible to use it (with few exceptions, for example, students from India on F1 visa status can use the standard deduction.

Hence, You should undoubtedly itemize your deductions and save money if your standard deduction is lower than your itemized deductions.

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What production is most profitable?

Answers

Financial Services: Bankers usually have a lot of money. According to the World Wealth Report, 35.7% of respondents said that finance was one of the three industries that were most likely to produce more millionaires.

Which product is sold the most worldwide?

Clothing and fashion items are the items that sell the most worldwide. This includes everything from clothes for women and men to clothes for kids, shoes, accessories, and more. Fashion is here to stay because people adore their clothes!

Which sector generates the greatest profits?Estates and Trusts in the US.Charge Planning Programming Designers in the US. Gardeners, nannies, and maids in the United States.Land leasing in the United States.American industrial banks.Private RV and Trailer Park Administrators in the US. Stock and Ware Trades in the US.

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The segment margin equals the segment's contribution margin less the segment's __________ fixed costs

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The segment margin equals the segment's contribution margin less the segment's traceable fixed cost.

A traceable fixed cost is one that is incurred as a result of the existence of a segment. The fixed cost would not have been incurred if the segment had never existed, and it would disappear if the segment were eliminated. Fixed costs, such as overhead, are generally unavoidable because they must be incurred regardless of whether a company sells one or a thousand units. The profit or loss derived by one factor of a business is referred to as segment margin. Segment margin only acknowledges the company's revenue and expenses.

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What are the three most common types of scanners What type of data does each scan?

Answers

There are three different types of scanners available: handheld, flatbed, and drum scanners. Drum scanners are usually utilized in the publishing business to print high-quality photos, while flatbed scanners are typically found in workplaces and schools.

What is scanner explain?

A scanner is a tool that takes photographs from photographic prints, posters, magazine pages, as well as other sources so that they can be edited and presented using computers. The image on a page is transformed into digital data that may be saved on a computer by scanners using optical character recognition (OCR). A scanner is an input device that records written and visual content from documents. Scanners often come in three different categories: Shaker Scanner: In a drum scanner, the light from the target item is optically separated into distinct red, blue, and green beams, sharpening the image.

What are the scanners used for?

The two most common types are the transmission electron microscope (TEM) as well as the scanning electron microscope (SEM). A transmission electron microscope is used to see thin specimens that permit electrons to pass through and create images, such as molecules and tissue slices.

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