What was the company''s revenue for the year

Assignment Help Accounting Basics
Reference no: EM131640734

Question - Coronado Industries began the year with retained earnings of $934000. During the year, the company issued $1286000 of common stock, recorded expenses of $3534000, and paid dividends of $244000. If Coronado ending retained earnings was $994000, what was the company's revenue for the year?

$3838000

$4880000

$50098000

$3594000

Reference no: EM131640734

Questions Cloud

What are the creditors claims on their assets : Windsor, Inc. has assets of $4291000, common stock of $1098000, What are the creditors' claims on their assets
Used one of the four different decision making models : Share an example of a decision you had to make where you used one of the four different decision making models
How competitive strategy assisted the banking industry : How did the development of the nonbank bank competitive strategy further clarify the meaning of the term activities closely related to banking?
Find the magnetic materials : What are the apparatus required for the magnometer experiment and how to do it.TO find the magnetic materials.
What was the company''s revenue for the year : If Coronado ending retained earnings was $994000, what was the company's revenue for the year
What legislation allowed the creation of nonbank banks : What is a nonbank bank? What legislation allowed the creation of nonbank banks? What role did nonbank banks play in the further development of interstate.
Which point on the curve do you advocate : Which point on the curve do you advocate for and why - What are the differences of the various points on the curve?
Write the dual programming for the primal linear programming : A manufacture of packing material, manufacturers two type of packing tins, round and flat. write the dual programming for the primal linear programming.
What is josie basic standard deduction : Josie is 17 years old and is claimed as a dependent by her parents. What is Josie's basic standard deduction for 2017

Reviews

Write a Review

Accounting Basics Questions & Answers

  Theoretical cycle time per unit in minutes

A manufacturing cell has the theoretical capability of producing 40,000 microchips per quarter. The conversion cost per quarter is $90,000. There are 16,000 production hours available within the cell per quarter. The theoretical cycle time per uni..

  What is the preferred basis of comparison for ratio analysis

What does a relatively high accounts receivable turnover indicate about a company's short-term liquidity?

  Provide the journal entries recorded by magellan during

magellan corporation acquired 80 percent ownership of dipper corporation on january 1 20x8 for 200000. at that date

  What is the maturity risk premium

Assume that real risk-free rate = 3%. Inflation rate is expected to be 8% in year 1, 5% in year 2, and 4% thereafter. Also assume that all T-bonds are highly liquid and free of default risk. If 2-year T-bond yields 13%, what is the maturity risk p..

  Munoz sporting equipment manufactures bats and rackets

baseball bats revenue 1350000 direct labor 250000 and direct materials 550000tennis rackets revenue 900000 direct labor

  Hazel company has just purchased equipment that requires

hazel company has just purchased equipment that requires annual payments of 20000 to be paid at the end of each of the

  Ewer firm will finance a proposed investment by issuing new

ewer firm will finance a proposed investment by issuing new securities while maintaining its optimal capital structure

  Compute the cash payback period

The company's cost of capital is 15%. (Assume that cash flows occur evenly throughout the year.) Compute the cash payback period for each project. (Round answers to 2 decimal places, e.g. 10.50.)

  In the month of june davis computers paid three months rent

in the month of june davis computers paid three months rent in advance. the journal entry to record this transaction

  Prepare a schedule assigning each activitys overhead cost

polk and stoneman is a public accounting firm that offers two primary services auditing and tax return preparation. a

  Prepare the necessary journal entry to record the exchange

For each company, prepare the necessary journal entry to record the exchange. (The exchange has commercial substance.)

  Abbey is much more creditworthy and has various line

Abbey is much more creditworthy and has various line

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd