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Question - The authorized share capital of the Alfred Cake Company is 120,000 shares. The equity is currently shown in the company's books as follows: Common stock ($2 par value) $ 78,000. Additional paid-in capital 28,000. Retained earnings 48,000. Common equity $ 154,000. Treasury stock (5,000 shares) 22,000. Net common equity $ 132,000.
a. How many shares are issued?
b. How many shares are outstanding?
c. How many more shares can be issued without the approval of shareholders?
Cash disbursements for expenses are expected to be $14,400 for the month of December. Prepare the Expected cash collections during December
The beginning finished goods inventory was $20,000 and the ending finished goods inventory was $150,000. What was the cost of goods sold for the month
Find How do you think the leadership of that company monitors routine activity and reacts to unexpected events? How would you organize the business?
Immediately after the transfer, Kenneth owned 100% of the corporation's stock. What is the gain on Kenneth's transfer of the building to the corporation
Assuming no withdrawal penalties, how much will you have after eight years if the interest rate is 7%? What is the present value of these cash flows?
Executive salaries and other central administration overhead amounted to $423,000. Compute the cost per unit for the total manufacturing cost
What was the variable overhead rate variance for the month - What was the variable overhead efficiency variance for the month
Assume that the batch productivity statistics are met by the end of the year. Calculate the change in a batch's profits from the beginning of the year to the end attributable to changes in materials and labor productivity.
What are some of the accounts that are unique to the latter type of business? What is the difference between gross and net profit
If the sales mix is maintained, what is the total contribution margin when 220,000 units are sold? What is the breakeven point in units for Mun
How would inflating the estimate of the percentage completion of ending Work-in Process (WIP) Inventory help a manager (who works in a lumber company)
Calculate the following for both the hockey pucks and the soccer balls: (Round answerss to the nearest whole dollar, e. y. 5,275)
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