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The balance sheet caption for common stock is:
Common stock, $10 par value, 7,000,000 shares authorized, 5,700,000 shares issued, 5,500,000 shares outstanding.
(a) Calculate the dollar amount that will be presented opposite of this caption.
(b) Calculate the total amount of a cash dividend of $1.00 per share.
(c) What accounts for the difference between issued shares and outstanding shares?
net sales of $720,000 a gross profit ratio of 35%, a times interest earned ratio of 4.23, and total assets of $1,300,417. Illustrate what is the company's earnings before interest and taxes?
How many classes would be offered if Bo increased the number of classes offered by 100 percent? What would be total labor cost?
When referring to a note receivable or promissory note:
Illustrate what bonus system would you suggest that incorporates these measures and also encourages the managers to work as a team?
Emerson and Dakota had $25,000 and $140,000 respectively in their January 1 capital balances. Net income for the year was $220,000. How much net income should be distributed to Emerson?
Compute the breakeven points in sales dollars. If the selling price is increase to $14 per unit and fixed general and administrative expenses are cut $33,465, what will the new breakeven point be in units?
A project has an initial cost of $38,000 and a four-year life. The company uses straight-line depreciation to a book value of zero over the life of the project. The projected net income from the project is $1,100, $1,200, $1,600, and $1,900 a year fo..
Determine the number of whole units to be accounted for and to be assigned costs and the equivalent units of production for the Drawing Department and equivalent units of production for the WindingDepartment
Who are the stakeholders in this situation
Dylan worked for a propane gas distributor as an accounting clerk in a small Midwestern town. Last winter, his brother Mike lost his job at the machine plant. By January, temperatures were sub-zero, and Mike had run out of money. What can a business ..
Isn't there a conflict in looking for fraud on the part of the folks who pay you? If there is a conflict, explain how could we resolve it (be imaginative)? If there is not a conflict, why not?
ABC bought company car for 35,000 which will be replaced in 4 years with a salvage value of 10,000. Prepare the depreciation table using the straight line method the double declining balance method. What will the depreciation expense be if the car wi..
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