Abe's Steakhouse is the largest upscale steakhouse company in the United States, based on total company- and franchisee-owned restaurants. The company's menu features a broad selection of high-quality steaks and other premium offerings. Assume the information below is from a recent annual report:
a. Common stock, $0.01 par value; 100,090,000 shares authorized; 23,563,356 issued and outstanding at the end of the current year, 23,385,356 issued and outstanding at the end of last year.
b. Additional paid-in capital: $194,389,000 at the end of the current year and $169,431,000 at the end of last year.
c. Retained earnings / (accumulated deficit): ($82,397,000) at the end of last year.
d. In the current year, net income was $53,983,000 and a cash dividend of $7,138,000 was paid.
Required:
Prepare the stockholders’ equity section of the balance sheet to reflect the above information for the current year and last year. (Amounts to be deducted should be indicated with a minus sign.)
Balance sheet
current year last year
shareholder equity
Common stock
Additional paid in capital
Accumulated deficit
total stock holder equity

Answer:

Abe's Steakhouse

Abe's Steakhouse

Balance sheet

                                                current year            last year

Shareholders' equity:

Authorized share capital:

Common stock, $0.01 par value; 100,090,000 shares

Common stock                           $235,634           $233,853

Additional paid in capital       194,389,000       169,431,000

Accumulated deficit              -35,552,000       -82,397,000

Total stockholder equity    $159,072,634       $87,267,853

Explanation:

a) Data and Analysis:

Authorized share capital:

Common stock, $0.01 par value; 100,090,000 shares

Issued and outstanding share capital:

Last year =    23,385,356 at $0.01    $233,853

Current year 23,563,356 at $0.01   $235,634

Total issued 46,9848,712 at $0.01   $469,487

Additional paid-in capital:

Last year =    $169,431,000

Current year  194,389,000

Total =         $363,820,000

Retained earnings:

Accumulated deficit   ($82,397,000)

Net income                    53,983,000

Dividend paid                  (7,138,000)

Accumulated deficit ($35,552,000)

Darcy Roofing is faced with a decision. The company relies very heavily on the use of its 60-foot extension lift for work on large homes and commercial properties. Last year, Darcy Roofing spent $71,400 refurbishing the lift. It has just determined that another $37,000 of repair work is required. Alternatively, it has found a newer used lift that is for sale for $156,500. The company estimates that both lifts would have useful lives of 6 years. The new lift is more efficient and thus would reduce operating expenses by about $23,800 per year. Darcy Roofing could also rent out the new lift for about $9,000 per year. The old lift is not suitable for rental. The old lift could currently be sold for $23,000 if the new lift is purchased.
Prepare an incremental analysis for the life of the machines showing whether the company should replace the equipment. (In the first two columns, enter costs and expenses as positive amounts, and any amounts received as negative amounts. In the third column, enter net income increases as positive amounts and decreases as negative amounts. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)
Retain
Equipment Replace
Equipment Net Income
Increase (Decrease)
Operating expenses $

a.) Suppose that South Pangean debt is $100 million and the interest rate it pays on that debt is 4 percent. That means its interest payments must be $ million.
b.) If South Pangean expenditures are $30 million without interest payments, that means its expenditures with interest payments are $ million.

Dennis sells short 100 shares of ARC stock at $152 per share on January 15, 2020. He buys 200 shares of ARC stock on April 1, 2020, at $190 per share. On May 2, 2020, he closes the short sale by delivering 100 of the shares purchased on April 1
a. What are the amount and nature of Dennis’s loss upon closing the short sale?
b. When does the holding period for the remaining 100 shares begin?
c. If Dennis sells (at $27 per share) the remaining 100 shares on January 20, 2017, what will be the nature of his gain or loss?

THESE ARE TRUE OR FALSE!! PLEASE HELP ASAP!!
1. A letter of application is just a general business letter.
- 2. Getting a position interview is the main purpose of a letter of application.
3. It is important that a letter of application be businesslike and courteous.
– 4. It is not necessary to include a personal data sheet if you have a well-written and complete
letter of application.
5. It is a good idea to restrict yourself to just one good source of job leads.
6. Completing the position application form is not very important in the job-search process.
7. Some employers use ability tests to find out how well job applicants can do certain job
tasks.
8. Being dressed very informally for a position interview lets the employer know that you are
"cool" and will get along well with everybody.
9. A positive attitude toward work has many benefits.
10. When you leave a job, you should exit as soon as possible.

accounting is the language of business​

What’s the answer here please

A non-governmental not-for-profit university in California charges its students tuition of $10,000,000. However, financial aid grants total $2,200,000. In addition, the school receives a $1,000,000 grant restricted for faculty salaries. Of this amount, $300,000 is spent appropriately this year. On the statement of activities, the school reports three categories: (1) revenues and support, (2) net assets released from restrictions, and (3) expenses. Which of the following is not true?
A. In the unrestricted net assets, the revenues and support should total $1.14 million.
B. Unrestricted net assets shows the $160,000 as a direct reduction to the tuition revenue balance.
C. Unrestricted net assets should recognize expenses of $24,000.
D. Unrestricted net assets should show an increase of $24,000 for net assets reclassified.

Which of the following allows an individual to gain from unexpected inflation?

Scott is a young affluent professional who values quality global goods and i and global populations that was discussed in the Core Reading, to which market segment does Scott likely belong?
A. Global citizens
B. Global dreamers
C. Antiglobals
D. Global agnostics

Choose the term that best matches the description given.

Goals that include some details are called

specific goals
realistic goals
planning goals

Firm ABC sells 1000 units of widgets for $10 per unit per-week. Per-week it pays its employees $1500, rent $2000, materials $1000, and the owner gives himself a salary of $3000 per week. The owner left his job as an engineer making $5000 per-week to start his business. In addition, he would be making an interest of $200 per week on his savings which he withdrew to start the business.
a. The firm's accounting profit per week is equal to $6500
b. The firm's explicit cost is smaller than its implicit cost per week
c. The firm's economic profit per week is equal to $300
d. The firm's economic loss per week is equal to $700

A company is considering the purchase of new equipment for $480,000. The projected after-tax net income is $80,000 per year after deducting $160,000 of annual depreciation expense. The equipment has a useful life of 3 years and no salvage value. What is the payback period for the new equipment?
a. 2 years.
b. 3 years.
c. 4 years.
d. 5 years.
e. 6 years.

Pharma One’s analgesic drug KleenKare has a 50% share in the analgesics market in the country of Syria. Its closest competitor, CosSign, has a 25% share in the market, while four other analgesic brands split the remaining 25% of the analgesics market. Which statement indicates that KleenKare is a cash cow according to the Boston Consulting Group (BCG) matrix?
1. A customer survey shows that KleenKare users do not prefer it to other analgesics in the market .
2. The demand for analgesic drugs in the Syrian market is expected to maintain a low-growth, high-share status.
3. Pharma One often takes money from other strategic business units to support KleenKare.
4. CoSign is rapidly gaining market share over KleenKare due to aggressive marketing efforts.

It takes three units of B and four units of C to make one unit of A. The gross requirements of item A are 200 units for week 4 and 0 for other weeks. At the beginning of week 1, the following information is available:
Item ID Inventory on hand available Lead Time (week) А 100 B 150 1 week for assembling A using Ban 1 week for making B 1 week for purchasing C C С 320
And there are no scheduled receipts of any parts in the future. Which of the following is correct about the timing of item B's gross requirements?
a. Item B will have gross requirements in week 1.
b. Item B will have gross requirements in week 2.
c. Item B will have gross requirements only in week 3.
d. Item B will have gross requirements only in week 4
e. Neither of the above.

Sabrina, Kris, and Kelly are the only three residents of the small town of Charleston. They are considering whether to hire a police officer to patrol the town. Sabrina values the police officer at $610 per week, Kris values the police officer at $230 per week, and Kelly values the police officer at $150 per week. The competitive wage for a police officer is $900 per week.

a. If the protection provided by the police officer to one resident does not diminish the protection provided to the other residents, then the police officer is ____________

1. a commons
2. an excludable
3. a rival
4. a nonrival
5. a nonexcludable good.

b. Suppose Sabrina proposes a tax whereby all three residents split the cost of the police officer equally.

1. Will the majority of them support this tax?
2. No, they will not support the tax.
3. Yes, they will support the tax.
4. Is this outcome socially efficient?
5. This outcome is not socially efficent.
6. This outcome is socially efficient.

A project manager is trying to convince management to use more formal project management procedures and has decided to start improving the company's project management by obtaining a project charter for each of his projects. Which of the following best describes how a project charter would help the project manager?

a. It describes the details of what needs to be done
b. It lists the names of all team members
c. It gives the project manager authority
d. It describes the project's history

A Las Vegas hotel wants to provide a better experience for its rapidly growing customer base from China. The hotel can best do this by hiring

Kristin, a Chinese restaurant owner who likes to cook authentic food.

Brian, a Mandarin interpreter who loves to interact with groups of all sizes.

Sam, a sign-language interpreter who prefers to work with small groups.

Rebecca, an event planner who wants to work with international tourists.

Ornamental sculptures MFG. manufactures garden sculptures. Each sculpture requires 8 pounds of direct materials at a cost of $2 per pound and 0.4 direct labor hours at a rate of $15 per hour. Variable manufacturing overhead is charged at a rate of $3 per direct labor hour. Fixed manufacturing overhead is $3,900 per month. THe company's policy is to maintain direct materials inventory equal to 20% of the next month's materials requirement. At the end of february the company had 6,180 pounds of direct materials in inventory. The company production budget reports the following:

Production Budget March April May
Units to be produced 4,100 4,700 5,500

Required:
Prepare direct materials budgets for March and April.

During 2016, its first year of operations, Baginski Steel Corporation reported a net operating loss of $375,000 for financial reporting and tax purposes. The enacted tax rate is 40%.
Required:
1. Prepare the journal entry to recognize the income tax benefit of the net operating loss. Assume the weight of available evidence suggests future taxable income sufficient to benefit from future deductible amounts from the net operating loss carryforward.
2. Show the lower portion of the 2016 income statement that reports the income tax benefit of the net operating loss.

Suppose that in your first year of college you spend $21,800.00 more than you earn. In your second year, your expenses increase a bit, leading you to spend $22,200.00 more than you earn. This gap goes to $22,480.00 in your third year of college, then falls a bit to $22,480.00 in your fourth and final year.
1. What is your deficit in your third year of college?
2. How much debt do you have that year?

The net income for Bramble Corp. for 2022 was $264,300. For 2022, depreciation on plant assets was $65,600, and the company incurred a loss on disposal of plant assets of $30,300.

Required:
Compute net cash provided by operating activities under the indirect method, assuming there were no other changes in the company’s accounts.

home trade helps in proper utilization of local resources how​

Discuss, what international business is, why and how it differs from domestic business, why it is important, and its historical development?

On January 1, 2019, Woodstock, Inc. purchased a machine costing $40,600. Woodstock also paid $1,300 for transportation and installation. The expected useful life of the machine is 6 years and the residual value is $5,300. If Woodstock uses the straight-line depreciation method, which of the following statements is incorrect?

a. The annual depreciation expense is $6.100.
b. The December 31, 2019 book value is $35,800
c. The December 31, 2020 book value is $24,400
d. The December 31, 2021 accumulated depreciation balance is $18,300

On May 13, 2020, Otto, Parker and Quentin bought a parcel of land as tenants in common. The deed provided that Otto owned 1/2 the property and Parker and Quentin each owned 1/4 each. If Quentin dies, the property will be divided as follows:

a. Otto 1/2. Parker 1/2
b. Otto 5/8, Parker 3/8
c. Otto 1/3, Parker 1/3, Quentin's heirs 1/3
d. Otto 1/2. Parker 1/4, Quentin's heirs 1/4

The master budget of Tenenbaum Ltd. shows that the planned activity level for next year is expected to be 30,000 machine hours. At this level of activity, the following manufacturing overhead costs are expected:

Indirect labor................................................. $720,000
Machine supplies..........................................180,000
Indirect materials..........................................210,000
Depreciation on factory building..................150,000
Total manufacturing overhead.....................$1,260,000

A flexible budget for a level of activity of 40,000 machine hours would show total manufacturing overhead costs of:________

The following are Hibiscus Company's cost of making and selling an item:

Description Amount per unit
Direct materials $9
Direct labor $4
Variable manufacturing overhead $2
Fixed manufacturing overhead $5
Variable selling and administrative $2
Fixed selling and administrative $8

A one-time only special order has been received for 600 units. The company has capacity to accept the oder and it would not affect regular sales. The sales price for the special order is 26 per unit. Total fixed costs would not be affected by this order. The variable selling and administrative costs would have to be incurred for this special order. The order would require an additional $3 per unit for specialized materials and a new machine that costs $2,000. What is the financial advantage or disadvantage of accepting the special order?

Baker Inc. acquired equipment from the manufacturer on 10/1/11 and gave a noninterest-bearing note in exchange. Baker is obligated to pay $918,000 on 4/1/12 to satisfy the obligation in full. If Baker accrued interest of $9,000 on the note in its 2011 year-end financial statements, what is its imputed annual interest rate?
A. 2%
B. 5%
C. 6%
D. 4%

The balance between supply and demand is called
O price
O equilibrium
O equal
O quantity

guns has decided to organixe