If $4,000,000 of 12% bonds are issued at 101, the amount of cash received from the sale is:
The outstanding stock is composed of 10,000 shares of $100 par, cumulative preferred $8 stock, and 50,000 shares of no-par common stock. Preferred dividends have been paid every year except for the preceding two years and the current year. If $160,000 is to be distributed as a dividend of the current year, what total amount will be distributed to the preferred shareholders?
What type of analysis is indicated by the following?
Increase (Decrease *)
2002 2001 Amount Percent
Current assets $380,000 $500,000 $120,000* 24%*
Fixed assets 1,680,000 1,500,000 180,000 12%
a. vertical analysis
b. horizontal analysis
c. liquidity analysis
d. common-size analysis
Based on the following data for the current year, what is the inventory turnover?
Net sales on account during year $500,000
Cost of merchandise sold during year 300,000
Accounrs receivable, beginning of year 45,000
Accounts receivable, end of year 35,000
Inventory, beginning of year 90,000
Inventory, end of year 110,000
A corporation has 10,000 shares of $100 par value stock outstanding. If the corporation issues a 4-for-1 stock split, the number of shares outstanding after the split will be 40,000.