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For the current period, Kelly corporation has a margin of safety to 25% of its current actual sales. Given the following information, determine the actual net income for the current period.
break-even sales...................$300000
Variable Cost Ratio............45%
Actual Net Income for the current period would be closest to:
A. $55000
B. $ 495000
C. $45000
D. $210000
E. NONE OF THE ABOVE
A corporation has 56,077 shares of $27 par value stock outstanding that has a current market value of $319 per share. If the corporation issues a 5-for-1 stock split, determine the number of shares outstanding.
Jackson Corporation has common stock with a par value of $1 per share. Royal Corporation has no-par common with a stated value of $5 per share.
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Fox Auto sold merchandise to a customer for $3,000 on credit on March 10. The customer paid Fox Auto the amount due on March 31. Under the accrual basis of accounting, Fox Auto will recognize the revenue on March 31. The March 10th..
Compute the amounts of dividends, in total and per share, that would be payable to each class of stockholders.
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