Qs 12-15 computing financing cash flows lo p3 the following information is from princeton company’s comparative balance sheets. at december 31 current year prior year common stock, $10 par value $ 111,000 $ 104,000 paid-in capital in excess of par 571,000 344,000 retained earnings 317,500 291,500 the company’s net income for the current year ended december 31 was $50,000. 1. complete the t-accounts to calculate the cash received from the sale of its common stock during the current year. 2. complete the t-account to calculate the cash paid for dividends during the current year..

cash received from issuance234,000

cash used for dividends 24,000

Explanation:

Common stock           111,000    104,000

Paid -in excess of par 571,000 344,000

RE                                317,500   291,500

Common Stock   Paid-in Excess        RetainedEarnings         Cash

Debit     Credit   Debit     Credit     Debit     Credit    Debit   Credit

         104,000              344,000                291,500                7,000                                       227,000                              234,000

Balance111,000 Balance: 571,000              50,000

                                                       24,000                          24,000

                                                   Balance:  317,500

Beginning Earnings + Income - Dividends = Ending

Dividends= Beginning + Income - Ending

Dividends= 291,500 + 50,000 - 317,500 = 24,000

answer; proclamation of 1763;

answer: marginal utility of the fourth brownie is 0.

explanation: marginal utility is the addtional utility gained from the consumption of one more unit of a good. it is given by,

so, marginal utility at the 4th unit will be given by

since, the values are not given here, you can simply find marginal utility at fourth unit by subtracting total utility at 3rd unit from total utility at 4th unit.