**Balance Sheet Analysis**Jack and Jill Corporation's year-end 2009 balance sheet provides the following financial details:- Current Assets: $257,000- Fixed Assets: $807,000- Current Liabilities: $188,000- Long-term Debt: $293,000**Question:** What is Jack and Jill’s total stockholders’ equity?**Options:**1. $583,0002. $1,064,0003. $481,0004. There is not enough information to calculate total stockholder's equity.**Calculating Total Stockholders’ Equity:**To calculate stockholders' equity, use the formula:\[ \text{Stockholders' Equity} = \text{Total Assets} - \text{Total Liabilities} \]Where:- Total Assets = Current Assets + Fixed Assets- Total Liabilities = Current Liabilities + Long-term DebtThus, the calculation is:\[ \text{Total Assets} = 257,000 + 807,000 = 1,064,000 \]\[ \text{Total Liabilities} = 188,000 + 293,000 = 481,000 \]\[ \text{Stockholders' Equity} = 1,064,000 - 481,000 = 583,000 \]Therefore, the correct answer is **$583,000**.

In this we have to use basic financial relationship to get equity.Option 1 is correct Total equity=$583000 Total assets= Current asset + fixed assets=257000+807000=$1064000 Total liabilities= current liabilities + Long term debt=188000+293000=$481000 Equity= Total assets- total liabilities=1064000-481000=$583000 Equity=$583000 Option 1 is correct

Answered: $583,000 $1.064,000 $481,000 There is…

Business

Finance

$583,000 $1.064,000 $481,000 There is not enough Information to calculate total stockholder's equity.

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Need help with with Aug 12 and Dec 15 and Do Not Give Solution in image format ?
How do I get both sides to balance? Assets =Liabilities and Stockholders Equity? I cant seem to find the shareholders equity amount. Assets Liabilities and Stockholders Equity Cash $ 7,000.00 Accounts Payable $14,000 Accounts Recievable $ 19,000.00 Long-Term Debt $140,000 Inventory $170,000.00 Shareholders Equity $7,000 PP&E $ 70,000.00 266,000 $161,000 Cash $ 7,000.00 inventory of TV $ 170,000.00 PP&E 70000 Accounts Recievable $ 19,000.00 Accounts Payable $14,000 Long-Term Debt $140,000 Shareholders Equity XX
Name Symbol Close Net Chg Volume 52 Wk High 52 wk low Div Yield P/E YTD %Chg Gen Dyn GD 142.97 -0.47 1,375,410 153.76 121.61 3.04 2.13 15.39 11. W4.08 1. How many shares could you buy for $5,000? 2. What must be Gen Dyn's earnings per share? 3. What was the firms' closing price on the day before the listing?
# 4 Category Prior year Current year Accounts payable 41,400 45,000 Accounts receivable 115,200 122,400 Accruals 16,200 13,500 Additional paid in capital 200,000 216,660 Cash ??? ??? Common Stock @ par value 37,600 42,000 COGS 131,400 174,268.00 Depreciation expense 21,600 22,844.00 Interest expense 16,200 16,594.00 Inventories 111,600 115,200 Long-term debt 135,000 139,107.00 Net fixed assets 379,291.00 399,600 Notes payable 59,400 64,800 Operating expenses (excl. depr.) 50,400 60,963.00 Retained earnings 122,400 136,800 Sales 255,600 335,919.00 Taxes 9,900 19,451.00 What is the current year's cash balance? Submit Answer format: Number: Round to: 0 decimal places.
#6 O Category Prior year Current year Accounts payable 41,400 45,000 Accounts receivable 115,200 122,400 Accruals 16,200 13,500 Additional paid in capital 200,000 216,660 Cash ??? ??? Common Stock @ par value 37,600 42,000 COGS 131,400 178,670.0 Depreciation expense 21,600 22,842.00 Interest expense 16,200 16,309.00 Inventories 111,600 115,200 Long-term debt 135,000 139,952.0 Net fixed assets 376,220.00 399,600 Notes payable 59,400 64,800 Operating expenses (excl. 50,400 60,519.00 depr.) Retained earnings 122,400 136,800 Sales 255,600 337,653.0 Тахes 9,900 18,772.00 What is the current year's entry for long-term debt on a common-sized balance sheet? Submit Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924)) unanswered not submitted Attempts Remaining: Infinity
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A7 please help....
5 of 6 calculating the ratios for Year 1. Instead, use the number presented on the Year 1 balance sheet. Calculate the following ratios for Year 1 and Year 2. Since opening balance numbers are not presented do not use averages when Required $556,000 000'996 d00 z09s Total liabilities and stockholders equity Total stockholders' equity Retained earninge Common stock (100,000 shares) Stockholders' equity 000 S 000108 272,000 000'9+7 000 zet Total liabilities 000'SET 000'aet Bonds payable Total current liabilities 000'5E 000'08 S 000'08 000'80ts Current liabilities Accounts payable Liabilities and Stockholders' Equity Liabilities $556,000 $602,000 000 05 000'0tZ 000'zs 000'9 000'007 000'OL 000'z 000'L $ Total assets Intangibles 000'0TZ 000'958 000' 000'76T 000'59 000'z 000'68 $ Plant and equipment (net) Total current assets Prepaid expenses Inventories Marketable securities Cash Accounts receivable 000'5s $ Current assets 000'zL S Assets 000'90E 000'598 Net income 000'9E 000'9 000'Z5 000'9…
A7
Accounts Cash Accounts Receivable Prepaid Rent Supplies Equipment Accumulated Depreciation Accounts Payable Salaries Payable Interest Payable Notes Payable (due in two years) Common Stock Retained Earnings Service Revenue Salaries Expense Rent Expense Depreciation Expense Interest Expense Totals Credit $ 129,000 11,400 10,400 4,400 34,000 240,000 54,000 440,000 340,000 17,000 34,000 4,400 $923,200 $923,200 Debit $11,400 144,000 5,400 27,000 340,000
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