Shares of common stock outstanding

Assignment Help Financial Accounting

Reference no: EM13330165

2011 Jan. 2 Purchased 80,000 shares of Bushtex Co. common stock for $544,000 cash plus a broker's fee of $3,400 cash. Bushtex has 160,000 shares of common stock outstanding and its policies will be significantly influenced by Kash.
Sept. 1 Bushtex declared and paid a cash dividend of $3.40 per share.
Dec. 31 Bushtex announced that net income for the year is $1,110,400.

Reference no: EM13330165

Questions Cloud

Operating income is higher under variable or absorption cost : The masks sell for $17.00. Budgeted fixed manufacturing overhead for the most recent year was $396,000. Actual production was equal to planned production. Required: Under each of the following conditions, state (a) whether operating income is ..

Depict the products that correspond to syn addiction of br2 : Draw the products that correspond to syn addiction of Br2 to trans cinnamic acid and those that correspond to anti addition.

Prepare a breakeven point for the top management : How might the service plan to maintain generators be used by GEI to provide a future revenue stream and prepare a breakeven point (BEP) for the top management of the firm. One thing they were sure to investigate was how quickly their investment wou..

Explain substances has high boiling point : Analysis of an unknown substance showed that it has high boiling point and is brittle. It is an insulator as a solid but conducts electricity when melted, which of the following substances would have those characterisitics

Shares of common stock outstanding : 2011 Jan. 2 Purchased 80,000 shares of Bushtex Co. common stock for $544,000 cash plus a broker's fee of $3,400 cash. Bushtex has 160,000 shares of common stock outstanding and its policies will be significantly influenced by Kash

Explain low calculated molarity of an naoh solution : The accuracy of this experiment depends on good technique. Would the following techinque errors result in an erroneously high or an erroneously low calculated molarity of an NaOH solution

Calculate the force on a charge : A point charge q is situated between two infinate grounded parallel plates, at a distance x from one and a-x from the other. calculate the force on a charge q in the form of an infinite series

What are the maturities on intel''s long-term debt : 1) What are the maturities on Intel's Long-term debt?

Explain the molecular mass of sodium methanoate : you are making a buffer. you add 57.89g of sodium methanoate to 500.0 ml of water. The molecular mass of sodium methanoate is 68.01 g/mol. The Ka of methanoic acid is 1.8*10^-4. find the pH of the buffer.

User Account

All Pages