Bramble Corp. started the year with total assets of $218,000 and total liabilities of $112,000. During the year, the business recorded $328,000 in revenues, $162,000 in expenses, and dividends of $52,000. What stockholders' equity at the end of the year?

Bramble Corp. started the year with total assets of $218,000 and total liabilities of $112,000. During the year, the business recorded $328,000 in revenues, $162,000 in expenses, and dividends of $52,000. What stockholders' equity at the end of the year?

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 52E: Juroe Company provided the following income statement for last year: Juroes balance sheet as of...

See similar textbooks

Related questions

Q: Give me Answer of this Question.. need correct option

A: Step 1: Detailed Definition of Gain or Loss on Disposal of an AssetThe gain or loss on disposal of…

Q: What is the equipment's after -tax salvage value for these accounting question?

A: Step 1: Define Salvage ValueSalvage value, also referred to as residual value or scrap value, is the…

Q: Total Assets = ?

A: Step 1: Find the net income. (Rearrange the profit margin formula to find it)Profit margin formula:…

Q: Please provide general accounting question answer

A: Step 1: Define Debt to Equity RatioThe debt to equity ratio calculates the proportion of equity and…

Q: write a two page paper after listening to the Count Me In Podcast, Ep. 235Links to an external site.…

A: Begin by listening to the podcast in its entirety. Pay close attention to the key points made by…

Q: General Accounting

A: Step 1: Define Operating leverageOperating leverage is calculated to identify how well the company…

Q: need help about this general account question

A: Step 1: Define Return On Equity:The return on equity (ROE) is a common ratio to evaluate the firm's…

Q: Kunkle Company wishes to earn 7% annually on its investments. If Kunkle makes an investment that…

A: The problem is asking us to find the minimum number of years (X) that Kunkle Company needs to…

Q: In reverse acquisition accounting, the legal acquirer is? 2 Marks a) Always the accounting acquirer…

A: **Explanation**:In **reverse acquisition accounting**, the legal acquirer is not always the…

Q: Please give me answer general finance

A: Step 1: Define DividendThe portion of the net income given among the holders of the outstanding…

Q: Solve these financial accounting question Do fast and step by step calculation

A: Explanation of Dividend Growth RateThe dividend growth rate represents the expected annual growth…

Q: Which cost is classified as a product cost?

A: Explanation of Product Cost: Product costs are those costs that are directly involved in…

Q: General Accounting

A: Step 1: Define Direct Labor Time VarianceThe direct labor time (of efficiency) variance represents…

Q: General accounting

A: Explanation of Process Cost System: A process cost system is an accounting method used to allocate…

Q: Accounting

A: Step 1: Define Labor quantity varianceTypically, labor variation refers to variances in labor rates…

Q: ays. S. HW 2 April 1 The purchase transactions of Mrs. Bimala, a stationery shop are given.…

A: To solve the problem based on the purchase transactions listed in the image, we need to create two…

Q: Provide correct answer this question accounting.....

A: Step 1: Define Interest RevenueInterest revenue for the period refers to the amount receivable on…

Q: Need right answer

A: The correct answer is:a) Fair value if reliably measurable, otherwise costUnder IAS 40, investment…

Q: What is answer to this Question

A: Explanation of Capitalized Cost: Capitalized cost represents all costs incurred to bring an asset to…

Q: Assets? (accounting)

A: Explanation of Return on Assets (ROA):ROA measures a company's efficiency in generating net income…

Q: ✅Question Successfully posted in Accounting . . . pharmacy co.had the.....

A: Step 1: Define Comprehensive IncomeThe comprehensive income of a company can be determined by adding…

Q: Please help, give me a detailed answer to this.

A: Truck #1 AcquisitionTruck #1 is bought at a list price of $16,950 but paid in cash at a negotiated…

Q: I need answer of this question general finance

A: Step 1: Define Retirement Savings AccountA retirement savings account is a type of savings account…

Q: Provide this question solution financial Accounting

A: Step 1: Define Account Receivables TurnoverThe accounts receivable turnover ratio is an efficiency…

Q: Compute the following ratios on these accounting question

A: Step 1: Define Receivables TurnoverThe receivables turnover ratio is one of the activity ratios. It…

Q: Answer this accounting question

A: Detailed explanation: High inventory levels have adverse effects on the financial health of a…

Q: Financial Accounting Question of the Higher fill Answer

A: Step 1: Define Return on EquityOne of the simplest ways to determine the return on equity is by…

Q: If you were a manager of United Airlines, and the airlines is in need of an airplane, would you…

A: In order to maintain its cash flow while simultaneously obtaining the aircraft for long-term use,…

Q: Please help, give me a detailed answer to this.

A: Journal EntriesDateAccount Titles and ExplanationDebitCreditDecember 31, 2025Building (Capitalized…

Q: Give true answer this accounting question

A: Step 1: Define Bank ReconciliationA bank reconciliation is an internal working paper prepared to…

Q: Home Page - JagApp Week 13 - Homework #8 (100 points) i 4 10 points Skipped eBook Print References…

A: DateGeneral JournalDebitCreditDecember 31Retained Earnings230000 Service Revenue 900000 Salaries…

Q: Provide this question solution general finance

A: Step 1: Define Financial RatiosFinancial ratios evaluate a company's financial standing and…

Q: General Accounting Question pls need answer

A: Step 1: Define Credit TermsCredit terms are conditions indicated on an invoice which specify both…

Q: Need General Accounting Question solution with Explanation of Calculation

A: Step 1: Calculate the Contribution Margin per UnitContribution Margin per Unit: This is the amount…

Q: Please give me answer general accounting

A: Step 1: Given data Equity multiplier = 1.51Asset turnover = 1..30Profit margin = 6.1% Return on…

Q: Problem 3.6[4 Points] Financial Accounting The Contractual Service Margin in insurance contracts is:…

A: Explanation of Contractual Service Margin:The Contractual Service Margin is a key component of…

Q: Please assist to give step by step answers or in excel format

A: Part (c) - Inventory Turnover Calculation 1. Inventory Turnover Calculation: Inventory Turnover =…

Q: Want solution for this Financial accounting Question

A: Explanation of Total Assets:Total assets represent all the economic resources owned or controlled by…

Q: Provide Answer

A: a) Sales minus variable costs Correct. The contribution margin is defined as the difference between…

Q: The attached pic is Lannister Salon's Comprehensive Income from 2022-2023. Here are the following…

A: Upon reviewing the computations and classification of accounts, it appears that they have been…

Q: Give answer this accounting question

A: Step 1: Define Accounting EquationThe accounting equation is expressed as assets = liabilities +…

Q: Hi expart Provide solution these accounting question

A: Step 1: Define Average Collection PeriodThe average collection period (ACP) is also called days…

Q: Financial Accounting

A: Understanding the CAPM and the CalculationWhat is CAPM, or the Capital Asset Pricing Model?The CAPM…

Q: General Accounting

A: Step 1: Define High-Low MethodThe High-Low Method can be used to determine the amount of variable…

Q: Please help, give me a detailed answer to this.

A: Calculation of present value of asset retirement obligation; Asset retirement amount = $387,800Years…

Q: Recognizing byproduct cost at the time of sale is based on the matching principle. Select…

A: The matching principle in accounting states that all expenses must be matched in the same accounting…

Q: On January 3, 2022, Persoff Corporation acquired all of the outstanding voting stock of Sea Cliff,…

A: Consolidation WorksheetBelow is the consolidation worksheet incorporating the consolidation…

Q: Please give me answer general accounting

A: Step 1: Define Accrued InterestAccrued interest is a financial term used to find the interest that…

Q: What was the stock's rate of return from dividend income during the year on these financial…

A: Step 1: Define Returns on a StockThe total returns on a stock can be categorized into capital gains…

Q: Give me correct answer accounting.......

A: Step 1: Define Total DebtA company's total debt represents the amount it owes to the creditors,…

Question

Provide this question solution general accounting

Bramble Corp. started the year with total assets of
$218,000 and total liabilities of $112,000. During the year,
the business recorded $328,000 in revenues, $162,000 in
expenses, and dividends of $52,000. What
stockholders' equity at the end of the year?

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Similar questions

Juroe Company provided the following income statement for last year: Juroes balance sheet as of December 31 last year showed total liabilities of 10,250,000, total equity of 6,150,000, and total assets of 16,400,000. Refer to the information for Juroe Company on the previous page. Also, assume that Juroes total assets at the beginning of last year equaled 17,350,000 and that the tax rate applicable to Juroe is 40%. Required: Note: Round answers to two decimal places. 1. Calculate the average total assets. 2. Calculate the return on assets.
Errol Corporation earned net income of $200,000 this year. The company began the year with 10,000 shares of common stock and issued 5,000 more on April 1. They issued $7,500 in preferred dividends for the year. What is the numerator of the EPS calculation for Errol?
Rebert Inc. showed the following balances for last year: Reberts net income for last year was 3,182,000. Refer to the information for Rebert Inc. above. Required: 1. Calculate the average common stockholders equity. 2. Calculate the return on stockholders equity.
The Kretovich Company had a quick ratio of 1.4, a current ratio of 3.0, a days’ sales outstanding of 36.5 days (based on a 365-day year), total current assets of $810,000, and cash and marketable securities of $120,000. What were Kretovich’s annual sales?
James Corporation earned net income of $90,000 this year. The company began the year with 600 shares of common stock and issued 500 more on April 1. They issued $5,000 in preferred dividends for the year. What is the EPS for the year for James (rounded to the nearest dollar)?
Longmont Corporation earned net income of $90,000 this year. The company began the year with 600 shares of common stock and issued 500 more on April 1. They issued $5,000 in preferred dividends for the year. What is the numerator of the EPS calculation for Longmont?
Bastion Corporation earned net income of $200,000 this year. The company began the year with 10,000 shares of common stock and issued 5,000 more on April 1. They issued $7,500 in preferred dividends for the year. What is the EPS for the year for Bastion?
Rebert Inc. showed the following balances for last year: Reberts net income for last year was 3,182,000. Refer to the information for Rebert Inc. above. Also, assume that the dividends paid to common stockholders for last year were 2,600,000 and that the market price per share of common stock is 51.50. Required: 1. Compute the dividends per share. 2. Compute the dividend yield. (Note: Round to two decimal places.) 3. Compute the dividend payout ratio. (Note: Round to two decimal places.)
Given the following year-end information for Somerset Corporation, compute its basic earnings per share. Net income, 13,000 Preferred dividends declared, 4,000 Weighted average common shares for the year, 4,500
Brunleigh Corporation earned net income of $200,000 this year. The company began the year with 10,000 shares of common stock and issued 5,000 more on April 1. They issued $7,500 in preferred dividends for the year. What is Brunleigh Corporations weighted average number of shares for the year?
Income Statement Ratio The income statement of Holly Enterprises shows operating revenues of $134,800, selling expenses of $38,310, general and administrative expenses of $36,990, interest expense of $580, and income tax expense of $13,920. Hollys stockholders equity was $280,000 at the beginning of the year and $320,000 at the end of the year. The company has 20,000 shares of stock outstanding at the end of the year. Required Compute Hollys profit margin. What other information would you need in order to comment on whether this ratio is favorable?
Juroe Company provided the following income statement for last year: Juroes balance sheet as of December 31 last year showed total liabilities of 10,250,000, total equity of 6,150,000, and total assets of 16,400,000. Required: Note: Round answers to two decimal places. 1. Calculate the times-interest-earned ratio. 2. Calculate the debt ratio. 3. Calculate the debt-to-equity ratio.