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The market value of Yeates Corporation's common stock had become excessively high. The stock was currently selling for $240 per share. To reduce the market price of the common stock, Yeates declared a 3-for-1 stock split for the 100,000 outstanding shares of its $10 par value common stock.
Required:
Question 1: Determine the number of common shares outstanding and the par value after the split. (Round par value answer to 2 decimal places.)
Discuss what manufacturing information would be important to track. Please make sure to report the accounting documents used to gather and report this information
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Expected to sell 8000 units but actually produced and sold 8500 beds. Direct material 5 yards at $1.50 per yard Direct labor is 40 minutes at $20 per minute In the current year 44,000 yards were purchased and used at a cost of $1.60 per yard and 365,..
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on june 30 2016 the Esquire company sold some merchandise to a customer for $54000. In payment Esquire agreed to accept a 7 % note requiring the payment of interest and principal on March 31. 2017. The 7% rate is appropriate in this situation.
Cleary, Wasser, and Nolan formed a partnership on January 1, 2012, with investments of $100,000, $150,000, and $200,000, respectively. For division of income, they agreed to interest of 10% of the beginning capital balance each year, What was the tot..
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The Dorilane Company specializes in producing a set of wood patio furniture consisting of a table and four chairs. The set enjoys great popularity, and the company has ample orders to keep production going at its full capacity of 2,000 sets per year...
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