Prepare a 2018 balance sheet for Rogers Corp. based on the following information: Cash = $250,000; Patents and copyrights = $720,000; Accounts payable = $530,000; Accounts receivable = $129,000; Tangible net fixed assets = $3,400,000; Inventory = $345,000; Notes payable = $190,000; Accumulated retained earnings = $1,255,000; Long-term debt = $1,830,000. What is the common stock account balance for the company?

Common stock balance= $1,039,000

Explanation:

A balance sheet can be described as a financial statement that presents the assets, liabilities and shareholders' equity of a company.

Common stock refers to the security such shares that represents ownership in a company.

In order to determine the common stock account balance for Rogers Corp., its balance sheet is first prepared as follows:

Rogers Corp.

Balance Sheet

For the year 2018

Particulars                                              $                         $            

Intangible Assets:

Patents and copyrights                                                720,000

Tangible Assets:

Net fixed assets                                                         3,400,000

Current Assets:

Cash                                                   250,000

Accounts receivable                          129,000

Inventory                                            345,000  

Total Current Assets                         724,000

Current Liabilities:

Accounts payable                            (530,000)

Notes payable                                  (190,000)  

Working Capital                                                                4,000

Long-term Liabilities:

Long-term debt                                                          (1,830,000)

Net Total Assets                                                         2,294,000  

Financed by:

Common stock (w.1)                                                   1,039,000

Accumulated retained earnings                                1,255,000   

Owners' Equity                                                         2,294,000  

Workings:

w.1: Common stock balance = Net total assets - Accumulated retained earnings = $2,294,000 - $1,255,000 = $1,039,000

bd = 9 cm

step-by-step explanation:

in a 30°-60°-90° triangle, the ratio of side lengths is 1 : √3 : 2. that is, the longest side (hypotenuse) is twice the length of the shortest side.

all of the triangles in your geometry are 30°-60°-90° triangles. ac is the hypotenuse of δacd, and the short side of δabc.

the short side ad of δacd will be half the length of ac, so 3 cm. the hypotenuse ab of δabc will be twice the length of ac, so 12 cm. segment bd is the difference of the lengths ab and ad, so is

bd = ab -ad

bd = 12 cm - 3 cm = 9 cm

comment on side length ratios

you can figure the ratios of side lengths in a 30°-60°-90° triangle by considering the trig ratios of the angles. or you can figure the length of the altitude of an equilateral triangle of side length 2 using the pythagorean theorem.

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