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On January 1, 2010, Warren Corporation had 1,000,000 shares of common stock outstanding. On March 1, the corporation issued 150,000 new shares to raise additional capital. On July 1, the corporation declared and issued a 2-for-1 stock split. On October 1, the corporation purchased on the market 600,000 of its own outstanding shares and retired them.
Instructions:
Compute the weighted average number of shares to be used in computing earnings per share for 2010.
A debit balance in the Allowance for Doubtful Accounts
The best investor of all time, Warren Buffet, talks about investing in "capital efficient" businesses. Coca Cola falls into this category since it generates great sums of cash with minimal investment in capital.
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A company with a break-even point at $900,000 in sales revenue and had fixed costs of $225,000. When actual sales were $1,000,000 variable costs were $750,000. Determine (a) the margin of safety expressed in dollars, (b) the margin of safety expre..
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Future,Inc. reported the following results for the year: Future's taxable income for the year was:
Antawn expects to sell 42,000 units of finished goods this period-How many units must he budget for production this period
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