You are preparing a 2015 balance sheet for Cornell Corp. based on the following information: cash = $146,136; patents and copyrights = $620,190; accounts payable = $217,320; accounts receivable = $126,969; tangible net fixed assets = $1.7 million; inventory = $307,359; notes payable = $139,247; accumulated retained earnings = $1.1 million; long-term debt = $767,105. What must be the amount of Common Stock on this balance sheet?

Answers

Answer 1

The amount of Common Stock on the 2015 balance sheet for Cornell Corp. is $676,982.

To determine the amount of Common Stock on the balance sheet, we need to subtract the liabilities and equity from the assets. The Common Stock is part of the equity section of the balance sheet.

Assets:

Cash = $146,136

Patents and copyrights = $620,190

Accounts receivable = $126,969

Tangible net fixed assets = $1,700,000

Inventory = $307,359

Total Assets = $146,136 + $620,190 + $126,969 + $1,700,000 + $307,359 = $2,900,654

Liabilities and Equity:

Accounts payable = $217,320

Notes payable = $139,247

Accumulated retained earnings = $1,100,000

Long-term debt = $767,105

Total Liabilities and Equity = $217,320 + $139,247 + $1,100,000 + $767,105 = $2,223,672

Now, to find the Common Stock, we subtract the Liabilities and Equity from the Total Assets:

Common Stock = Total Assets - Total Liabilities and Equity

Common Stock = $2,900,654 - $2,223,672

Common Stock = $676,982

Therefore, the amount of Common Stock on the 2015 balance sheet for Cornell Corp. is $676,982.

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Related Questions

Which condition is a result of open competition in a free market system?
A. Poor customer service
B. Government regulation
C. Higher prices
D. Higher quality goods

Answers

A result of open competition in a free market system is higher quality goods (option D).

What is the result of open competition?

Competition is when there are many producers operating in a particular industry. Competition is high in purely competitive markets and low in a monopoly. This is because in a pure competition, there are many producers while there is only one producer in a monopoly.

Due to the high level of competition in an industry, prices would be more likely to be low. This is because producers would want to attract more consumers by fairly pricing their goods. Also, producers would want to offer good customer service in order to retain consumers as there are many competing producers in the market. High quality goods are also a way to attract an retain customers.

A free market system is a market system where prices are set by the forces of demand and supply. There is no government regulation in this type of market.

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which of the following is not an employability skill?

1. ethical behavior
2. teamwork
3. technology
4. sales

Answers

Sales is not an employability skill. Employability skills are the general skills, personal qualities, and attitudes that are necessary for success in any job or career. They include things like communication, problem-solving, teamwork, time management, leadership, adaptability, and ethical behavior, among others.

Sales, on the other hand, refers to a specific job function that involves selling products or services to customers. While sales may require certain skills such as communication, negotiation, and customer service, it is not considered a general employability skill.

to what extent do you think the 'big four' supermarkets should change their strategies and adopt the discounter model?

Answers

The major four grocery chains are known as the "Big 4," with Tesco, Sainsbury's, Asda, and Morrisons maintaining their dominance for many years.

What changes should be brought by the big four?

Discounters have been expanding their market share, and by 2020 this is predicted to increase. If the big four don't alter their strategy, they risk losing ground. When it comes to net profit margin, the discounter model appears to be more efficient.

The major four Especially if profitability is the primary emphasis of business objectives, you might wish to adopt some components of the method, such as having some discount lines, concentrating on smaller product lines, becoming leaner, and reducing administrative costs.

Depending on how they perceive their own strengths and shortcomings as well as the chances and challenges that lie ahead, they may come to different conclusions.

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Deflation:_____.
a. can cause budget surpluses.
b. can lead to increased output.
c. does not affect output.
d. can lead to decreased output.

Answers

Deflation can lead to decreased output .  

Deflation is a general decline in prices for goods and services, typically associated with a contraction in the supply of money and credit in the economy.            

Deflation can lead to decreased output in a way that the demand of goods is way too high therefore the purchasing power is elevated. And the prices of goods is also lower.

Additionally, manufacturers may get skeptical about producing goods due to the low prices for the goods that affect them.

Although, it may seem like the fact that prices are lower is good, deflation can drastically affect the economy and lead into recession and depression.

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The __________ view is that fdi has both benefits and costs. Fdi can benefit a host country by bringing capital, skills, technology, and jobs, but those benefits come at a cost.

Answers

Fdi has advantages and disadvantages, according to the pragmatic nationalist viewpoint. By contributing money, expertise, technology, and jobs, Fdi can help a host nation, but those advantages come at a price.

A movement and ideology known as nationalism contends that the state and the nation should coexist. As a movement, nationalism frequently works to advance the interests of a particular country, particularly when it comes to establishing and preserving the country's sovereignty over its own country in order to establish a nation state. A country is a natural and ideal foundation for a polity, and it is the only legitimate source of political power, according to nationalism, which also maintains that each nation should rule itself independently of foreign influence. Civic nationalism and ethnic nationalism are the two basic types that differ from each other.

Philosophical discussion has focused on the moral worth of nationalism, the connection between nationalism and patriotism, and the compatibility of nationalism and cosmopolitanism.

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Which set of costs reflect the tradeoff of economic order quantity (EOQ)?
A. ordering and carrying costs
B.
fixed and variable costs
C. marginal and utility costs
D.
marginal and semi-variable costs

Answers

Fixed & variable cost

since merchandise inventory is normally sold within a year, how is it reported on the balance sheet?

Answers

Merchandise inventory is reported as a current asset on the balance sheet because it is expected to be sold within a year.

Merchandise inventory is an important part of a company's financial statements, and it is reported on the balance sheet as a current asset. A company's merchandise inventory represents the products that it plans to sell in the normal course of business. Typically, merchandise inventory is held for a relatively short period of time, usually less than a year.

On the balance sheet, merchandise inventory is reported as a separate line item under current assets, along with other items like accounts receivable and cash.

The value of merchandise inventory that is reported on the balance sheet is the cost of the inventory, which includes the cost of acquiring or producing the inventory, as well as other costs related to the inventory, such as transportation, storage, and handling costs.

The reason merchandise inventory is reported as a current asset is because it is expected to be sold within a year. This means that the inventory will be turned into cash or accounts receivable, which are also reported on the balance sheet as current assets.

It is important to note that the value of merchandise inventory reported on the balance sheet is subject to the lower of cost or market (LCM) rule. This means that if the market value of the inventory is lower than its historical cost, the value of the inventory on the balance sheet must be adjusted downward to reflect the lower market value.

This adjustment is necessary to ensure that the financial statements accurately reflect the value of the inventory on hand.

Overall, reporting merchandise inventory as a current asset on the balance sheet is an important part of a company's financial reporting. It provides stakeholders with valuable information about the company's ability to generate sales and manage its inventory effectively.

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careers that have 6 letters

Answers

Answer:

artist, singer, dancer

Explanation:

Answer:

doctor, lawyer, uh clergy, author, waiter, tailor, dancer, singer

Explanation:

what should you consider regarding auto insurance before buying a vehicle

Answers

Check to see if you can pay for the car for example when paying monthly can you meet the standards to pay the bill on time. The costs of repairs after the cars been broken down

Answer:both a and c

Explanation:

i did the quiz

Forms of acceptance in contract law may be _____.
Group of answer choices
Through expressed words or specified mode of communication.
Through silence
Initiated by a person of any age
By making a counter offer

Answers

The correct answer is: Through expressed words or specified mode of communication.

Acceptance in contract law is the unequivocal agreement to the terms of an offer, leading to the establishment of a contract.

Additionally, acceptance can also be implied through silence, where the absence of objection or response is considered acceptance.

However, it is important to note that silence as acceptance is not universally recognized in contract law and its validity depends on the circumstances.

Silence may indicate acceptance when the offer is to maintain an existing position or status quo.

It is crucial for parties involved in a contract to clearly communicate their intentions and understand the specific requirements for acceptance to ensure a legally binding agreement.

It can be expressed through various means such as specific communication modes or spoken words.

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Please help meeee!!!!!
How are credit unions and banks different? *
4 points
Typically, deposits at a bank are insured, but deposits at a credit union are not
Banks charge overdraft fees, but credit unions do not
Banks are owned by shareholders, while credit unions are owned by members
Banks allow customers to do online banking, while credit unions are too small to provide that service

Answers

Answer:

Banks are owned by shareholders, while credit unions are owned by members

Explanation:

Banks are financial institutions established by the founders to make profits. Due to their capital requirements, banks are large corporations owned by the private sector or government. Like other corporations, the owners of a bank are its shareholders.

Large organizations form credit unions to cater to their employees well being. Credit unions are not for profit organizations since they are formed to cater to its members' well beings. It means membership to the credit union is limited to the founding organization's employees unless otherwise stated. The members of the credit unions are its owners.

is water wet or....?

Answers

Answer:

water is a substance made up of two compound one is hydrogen and second is oxygen

the chemical formula for water is ( H2O )

Explanation:

hope it helps

Answer:

real

Explanation:

(water)

What is the best definition of a credit report?

Answers

A credit report is a detailed summary of an individual's credit history, including credit accounts, payment history, credit inquiries, and public records such as bankruptcies and tax liens. It is used by lenders, landlords, and other entities to evaluate an individual's creditworthiness and ability to repay debts. The report is compiled by credit reporting agencies, also known as credit bureaus, based on information obtained from creditors, public records, and other sources. The information on a credit report is used to calculate a credit score, which is a numerical representation of an individual's creditworthiness.

An individual's credit history, comprising credit accounts, payment history, credit inquiries, and public records like bankruptcies and tax liens, are all summarized in a credit report.

Lenders, landlords, and other organizations use it to assess a person's creditworthiness and capacity to pay back obligations. Credit reporting companies, commonly referred to as credit bureaus, generate the report using data gathered from creditors, public records, and other sources.

A credit score, which is a number that represents how creditworthy a person is, is created using the data on a credit report.

As a result, the significance of the best definition of a credit report are the aforementioned.

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Disadvantages of choosing a job that is extremely popular or in demand

Answers

The disadvantage of choosing a job that is very popular or a job that is in high demand is that after a while such a job may become saturated or it would become monotonous.

What is a high demand job?

This is the term that is used to refer to a job that the people that wpould employ labor are constantly in need of. Such a job is one that would require the people that have the qualification to opt in and get the places and the roles that they are to fill.

The issues that may arise from such a job that is in high demand is that after a period, such a job may have a lot of persons that would want to fulfil the role.

The number of qualified persons may become more than the job that is available for the people to do in the long run.

Hence this is a disadvantage. Therefore I would conclude by saying that the disadvantage of choosing a highly popular job is that the number of persons that are willing to fulfil the role may exceed the job overtime.

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If a writer sells a magazine the first serial rights to a story she has written, the magazine has the right to?

Answers

If a writer sells a magazine the first serial rights to a story she has written, the magazine has the right to be the first to publish. The magazine has the right to be the first to publish the story in serial form, meaning that they can publish it in parts over a period of time.

The writers will also have exclusive rights to the story during the period of time that they have the serial rights. This means that the writer cannot sell the story to another magazine during this time, as they would be in breach of the agreement. The magazine may also have the right to make changes to the story to make it fit their publication better.

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Under the NASAA model custody rule, an investment adviser would be considered to have custody of client assets if that adviser inadvertently receives:
i. a check from a client from a client made out to the IA and does not return the check within 24 hours
ii. a check from a client made out to a third party and Does not forward the check within 3 business days
iii. stock certificates from a client and does not forward them within 3 business days
iv. stock certificates from a client and does noT return them within 3 business days

Answers

Answer:

(ii) A check from a client made out to a third party and does not forward the check within 3 business days .

(iv) Stock certificates from a client and does not return them within 3 business days.

Explanation:

As per the NASAA model custody rule, the investment advisor will have the custody of the assets of the client an associated person only if the adviser accidentally receives ' a check has been made by the client to the third party but it is not forwarded within three business days' and when 'the certificates of stocks from the client not returned to them within three business days.' Thus, these indirect documents make the adviser eligible to have custody of client's possessions. Thus, the options ii and iv are the correct answers.

kenton decided to persuade his classmates to start savings plans for their retirement. what is the most important demographic trait that kenton should consider when preparing his speech?

Answers

The most important demographic trait that Kenton should consider when preparing his speech would be the age of his classmates.

When preparing a persuasive speech about retirement savings, the most important demographic trait to consider is the age of the audience. Age is significant because it will greatly influence the audience's current financial situation, as well as their perception of the importance and urgency of saving for retirement. For example, if Kenton's classmates are in their early 20s, they may not yet be thinking about retirement and may be more focused on short-term goals such as paying off student loans or saving for a down payment on a house. In this case, Kenton would need to make a compelling case for why it's important to start saving for retirement early, even if it seems far off in the future. He could also use relatable examples and statistics to demonstrate the power of compound interest over time. On the other hand, if Kenton's classmates are in their late 30s or early 40s, they may be more aware of the need to save for retirement, but may feel overwhelmed by other financial obligations such as mortgages, children's education, and other expenses. In this case, Kenton would need to provide practical advice on how to balance saving for retirement with other financial priorities.

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You have been saving money from delivering groceries for instacart in a savings account to buy a new laptop before going to college. What is the function of money?

Answers

Answer:    Store of value

Explanation:

Please help. 10 points

Please help. 10 points

Answers

If real estate prices tumble such that wealth declines by $160and the wealth effect is such that a $10 change in wealth produce a $3 change in consumption at each level of income then consumption will fall by $48 at every level of income (0.3*$160 = 48).

How to explain the information

This implies consumption equals $568 (616-48) at the income level of $680. Consumption was originally $616 at this income level and the decline in wealth results in a fall in consumption of $48.

To find the new level of savings after the decline in wealth we subtract the NEW level of consumption (=568) from disposable income (=$680), which equals $112 (= $680- $568). The household increases savings to offset the decline in wealth.

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If the Federal Reserve wants to reduce interest, what will they do to the money supply?.


A). Decrease the Money Supply
B). Increase the Money Supply

Answers

B is the correct answer

Pls mark me brainliest

Hope this helps have an excellent day!

In a world of scarcity, which decisions incur costs? a. decisions involving out-of-pocket expenses b. decisions made in a limited amount of time c. decisions involving the consumption of physical resources d. decisions involving more than one person e. all decisions

Answers

In a world of scarcity, all decisions incur costs. Option E is correct.

Scarcity is the economic concept that there are limited resources available to meet unlimited wants and needs. This means that every decision we make has a cost, whether it is an out-of-pocket expense, the use of limited time, the consumption of physical resources, or the involvement of multiple people.

For example, if we decide to buy a new car, we incur an out-of-pocket expense. If we decide to go on vacation, we use the limited time and consume physical resources such as fuel for transportation. If we decide to start a business with a partner, we involve multiple people and incur costs related to their involvement.

In summary, in a world of scarcity, all decisions have costs associated with them because there are limited resources available to meet our unlimited wants and needs. Therefore, option E is correct.

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In general, learning objectives
a. are made up of tables, charts, and graphs for analyzing.
b. contain quizzes and exercises for students to work through.
c. summarize the most important ideas in the chapter at the end.
d. are the main ideas you can expect to learn from reading the chapter.

Answers

In general, learning objectives at the end of a chapter summarise its key points.

What is the meaning of the learning objective?

With the aid of a student learning objective, a teacher is able to measure their effect on students' achievement as it relates to a certain academic or elective criterion.

Effective learning requires the presence of learning objectives, also referred to as learning outcomes. They aid in articulating what the students should be able to perform after the instruction, which helps to create more successful lesson plans, activities, and evaluations.

Learning objectives are declarations that detail important knowledge that students have acquired and may credibly demonstrate at the conclusion of a course or programme. In other words, learning objectives specify what the student will be aware of and capable of performing at the conclusion of a course or programme.

Therefore, the correct answer is option c. summarize the most important ideas in the chapter at the end.

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Which industry is the second-largest employer of teens
and young people?
What percentage of employed teens are employed by
the government?​

I got it
is retail trade
and 7%

Answers

Answer:

I. Retail industry

ii. 7%

Explanation:

Retail industry is the second largest employers of teen and young people next to health sector which is the largest employer.

Retailing involves buying goods either from the producers or wholesaler and selling them to the final consumers. Some services are also offered in these retailing such as call center representative, those who work in innovation lab. etc

In the United States, about 7% of teens and young people are in the employment of government , while retail industry is the largest employer of teen and young people because it provides flexibility and also do not involve much academic qualifications.

Example of these retail jobs are those who work in call center, sales representatives and those who works in stores.

Answer:

Retail Trade

7%

Explanation:

Edge 2020

The impact of Furman v. Georgia (1972) was that states had to

promise to use the death penalty only with approval from the Supreme Court.
throw out the old Miranda warning and write a new one.
agree to throw out all state laws regarding crime and impose national standards.
create clear standards to be applied fairly before imposing the death penalty.

Answers

Answer:  D.create clear standards to be applied fairly before imposing the death penalty.

Explanation: The answer it's right there

The impact of  Furman v. Georgia (1972) was that states had to

create clear standards to be applied fairly before imposing the death penalty.

The Furman v. Georgia case

This was a case that had to do with the cruel and the unusual way that people faced in the death penalty.

The case ruled that the death penalty was unconstitutional if it was applied in a discriminatory way.

It ruled that the eight amendment was being violated if used in this way.

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Which type of skills can help you determine what your customers want?
A. Speaking skills
B. Writing skills
C. Listening skills
D. Math skills

Please select the best answer from the choices provided A B C D

Answers

Answer:

C. Listening skills

Explanation:

By listening to a customer, you can determine what they want.

Improving listening skills can help you better understand and help customers.

I hope this helps.

Answer: C edge 2021

Explanation:

ur a real one :)

Both the demand curve and the supply curve are straight lines. If the price is $4 but only 6 units are bought and sold, consumer surplus will be.

Answers

Based on the demand and supply curves, the price, and the units bought and sold, the producer surplus would be $18.

This can be calculated as:

= Area of producer surplus

= (Length x Width) + 0.5 x (Base x Height)

Solving gives:

= ( 6 x ( 4 - 2)) + (0.5 x ( 6 x 2))

= 12 + 6

= $18

Producer surplus measures the gain to dealers of taking part in a marketplace. it's far measured as the quantity a dealer is paid minus the fee of production. For a character sale, producer surplus is measured as the difference between the market charge and the fee of manufacturing, as shown on the supply curve.

The customer surplus refers to the difference between what a client is inclined to pay and what they paid for a product. The producer surplus is the difference between the marketplace fee and the lowest fee a producer is willing to just accept to produce a great.

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the spread between the interest rates on bonds with default risk and default-free bonds is called the:

Answers

The spread between the interest rates on bonds with default risk and default-free bonds is called the risk premium.

A default-free bond is a bond in which the bond issuer would not miss scheduled payments of either the coupon or principal. Bonds issued by the government are generally considered to be default-free. This is because the government can print money to make payments.

A bond with a default risk is a bond in which the bond issuer can miss scheduled payments of either the coupon or the principal. Bonds issued by private individuals are generally considered to be bonds with default risk.

Bondholders usually demand a compensation for holding bonds with a default risk. This compensation is known as risk premium.

Risk premium = return on bonds with default risk - return on default- free bond.

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Which of these situations can be handled by using the Management Information Systems?
An organization needs different types of managements to achieve business goals smoothly. However, managers, executives, and employees face
problems and hurdles while running the organization. (Sometimes, there are problems in the inventory department. )(At times, the organization
faces problems with the performance of their products in the market.)(Decision makers of the organization are not able to take proper
decisions.)(Employees face technical Issues while feeding data into a database.)

Answers

Answer:

Which of these situations can be handled by using the Management Information Systems?

An organization needs different types of managements to achieve business goals smoothly. However, managers, executives, and employees face problems and hurdles while running the organization. Sometimes, there are problems in the inventory department. At times, the organization faces problems with the performance of their products in the market. Decision makers of the organization are not able to take proper decisions. Employees face technical issues while feeding data into a database.

Explanation:

what would be an objective attribute for the purchase of a first car?

Answers

An objective attribute for the purchase of a first car is a measurable characteristic of the car that can be verified by factual evidence or data.

Some examples of objective attributes that may be important to consider when purchasing a first car include,

Price, The price of the car is a quantitative attribute that can be easily compared across different models and brands.

Fuel efficiency, The fuel efficiency of the car can be measured in miles per gallon (MPG) or kilometers per liter (km/L), and can have a significant impact on the cost of ownership over time.

Safety ratings, Safety ratings, such as those provided by organizations like the National Highway Traffic Safety Administration (NHTSA) or the Insurance Institute for Highway Safety (IIHS), can provide objective information about the crashworthiness and safety features of a particular car model.

Reliability, The reliability of the car can be assessed based on factors such as the frequency of repairs and maintenance required, and the overall durability of the vehicle.

Size and capacity, The size and capacity of the car can be objectively measured in terms of passenger and cargo space, and can be an important consideration for individuals with specific transportation needs.

Overall, objective attributes are important for making informed decisions when purchasing a first car, as they provide factual information that can be used to compare different models and brands and make a rational choice based on individual preferences and needs.

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You have a manager who informs you that the year long project (linear spend plan) they are executing currently (Imagine today is January 1st) has spent half their budget of $562K, and they show a CPI of 0.87 and an SPI of .93. On what date will this project finish and what is your ETC?

Answers

To accurately determine the projected finish date and Estimate to Complete (ETC) for a project, we need more information.

This includes the planned duration of the project and the current date. Without these details, it is not possible to provide an accurate estimate. The CPI (Cost Performance Index) of 0.87 suggests that the project is currently underperforming in terms of cost, as the actual costs are higher than planned.

The SPI (Schedule Performance Index) of 0.93 indicates that the project is also slightly behind schedule. To assess the project's progress and forecast its completion date and remaining costs, a detailed analysis of the project's schedule, budget, and actual progress would be necessary.

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If you choose to leave India unified, how will you make sure the Hindu majority does not repress the Muslims?1. Do you create one country or divide it into two?2. Why did you make your decision? Explain why you chose to divide it or leave it as one country. Bank of America loans $15,000 to Martinez to buy a Range Rover, which is used as collateral to secure the loan. Martinez has paid 57,500 of the loan, when she defaults. Bank of America could repossess and keep the car, butthe bank does not want it. Which of the following contains the lawful alternatives?i.When collateral is consumer goods with a Purchase Money Security Interest, and the debtor has paid 50 percent or more of the debt or the purchase price, the debtor can demand the creditor to keep the collateral for a further responsible time of three months to pay off the debt.ii.When collateral is consumer goods with a Purchase Money Security Interest, and the debtor has pald less than 60 percent of the debt or the purchase price, the creditor can dispose of the collateral in a commercially reasonable manner, which generally requires notice of the place, time, and manner of sale.iii.A debtor cannot redeem the collateral tenn penormance On all Orthe Coledtions secured Dy i once tne Creditor decides to disposea Only I and iiib. Only I and iic. Only iid. Only ii and iii Growth is accompanied by two factors...a) by increase in ___ b) increase in ___ Think of Translink, the provider of public transit in Vancouver. a) is the demand for bus tickets elastic or inelastic? How do you know? b) If Translink raises bus fare, would Its revenue increase or decrease ? how abput the profit? explain why 1. HELP ASAP PLSSSSSSSSSJudy Blume's career as an American writer spans four decades and includes many literary awards. She is most famous for her novels geared toward pre-teens. One notable example is Tales of a Fourth-Grade Nothing. However, Blume also has had success writing for an adult audience. Three of her novels for adults reached the New York Times best-seller list. In a 2008 interview Blume remarked, "I have so many stories left to tell!" By that time she had written nearly 30 novels. Judy Blume an exceptionally talented and productive American author.Which sentence could be added to further support the central idea in this paragraph? Averaging a book a year, Blume's many works have been sold around the world. Critics of Blume's stories say that most of her works are better suited for adults. Many of Blume's stories focus on women or girls as the main characters. Whenever Blume publishes a new story, she gives an interview to the media. the example of seismic tomography illustrated below shows hotter and colder regions of earth's mantle based on measured variations in