Evaluate mary’s decision to pay the $1,000 dividend

Reference no: EM131423512

Mary began a business, and after collecting $30,000 from an equity investor and borrowing $15,000 from a bank, she purchased a piece of land for $40,000. During the year, she leased the land to Karl and received $12,000 in cash, paying $14,000 cash for expenses. She paid a $1,000 dividend to the equity investor at year-end.
Prepare an income statement, a statement of shareholders' equity, a balance sheet, and a statement of cash flows for the period. Evaluate Mary's decision to pay the $1,000 dividend.

Reference no: EM131423512

Questions Cloud

Find mean and standard deviation of sampling distribution : You take an SRS of size 49 from a population with mean 320 and standard deviation 21. Find the mean and standard deviation of the sampling distribution of your sample mean.

Why should you be concerned about formatting : Suppose your instructor requires you to follow the formatting instructions in the APA Pocket Style Manual exactly. Is he or she being too picky and should they lighten up a bit?Are specific formatting instructions necessary in a research report? Wh..

Delivery systems in the united states : Review current types of health care delivery systems in the United States and contrast the current status with the reform models or revisions proposed in the readings for this topic.

Describe the variability of given sample mean : What is the approximate sampling distribution of the sample mean? Use the 95 part of the 68-95-99.7 rule to describe the variability of this sample mean.

Evaluate mary’s decision to pay the $1,000 dividend : Prepare an income statement, a statement of shareholders' equity, a balance sheet, and a statement of cash flows for the period. Evaluate Mary's decision to pay the $1,000 dividend.

Global ideals and local responses : How can managers adapt to a culturally diverse workforce in the US and globally? How can managers adapt to a demographically diverse workforce (including but not limited to age diversity)? Discuss how or if leadership moderates the effects of cult..

Create a wage and hour standard for the job opportunity : Create a Wage and Hour standard for the job opportunity that you had selected in Assignment 2, and support your standard by using the Fair Labor Standards Act (FLSA) and Equal Pay Act to prevent any potential discriminatory impact

What is approximate sampling distribution of sample mean : What is the approximate sampling distribution of the sample mean? Use the 95 part of the 68-95-99.7 rule to describe the variability of this sample mean.

Evaluate the company’s cash management activities : Compute the missing amounts in the following table. Describe and evaluate the company's cash management activities in each of the three years (dollars in millions).

User Account

All Pages