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Question1 : The Common Stock account for Alpha Corporation on January 1, 2019 was $37,500. On June 1, 2019 Alpha issued an additional 2,500 shares of common stock. The Common Stock is $5 par. There was neither Preferred Stock nor any Treasury Stock, Paid in Capital Excess to par Common Stock was $10,000 on January 1 and $15,000 on June 2 and retained earnings was $104,700. Use this information to determine for December 31, 2019 the amount of:
a. Total Stockholders Equity
b. Earnings per Share (rounded to the nearest penny)
For the fiscal year, sales were $5,280,000, sales discounts were $100,000, sales returns and allowances were $75,000, and the cost of merchandise sold was $3,000,000.
The departmental manufacturing overhead rate for the Small Bag line
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Calculated that a 95% confidence interval for the mean amount of money spent for lunch over a period of 6 months is $780
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In his article "A Lesson on Elementary, Worldly Wisdom as it Relates to Investment Management & Business," Charles Munger (1995) wrote about tools, techniques, and critical skills that great managers need to develop.
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