Entries by mary WAMBUGU

A corporation has the following account balances: Common Stock, $10 par value, $740,000; Paid-in Capital in Excess of Par, $1,850,000. Based on this information, the _______________. Question 1 options: legal capital is $2,590,000

A corporation has the following account balances: Common Stock, $10 par value, $740,000; Paid-in Capital in Excess of Par, $1,850,000. Based on this information, the _______________.Question 1 options: legal capital is $2,590,000 shares issued are 1,850,000 shares outstanding are 740,000 legal capital is $740,000                ANSWER SaveQuestion 2 (5 points) On January 2, 2015, Easton Corporation issued […]

 

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On July 1, 2016 Alpha Company sells $1,000,000 face value of 10% five year bonds which call for semiannual interest payments.

On July 1, 2016 Alpha Company sells $1,000,000 face value of 10% five year bonds which call for semiannual interest payments.  The bonds are dated April 1, 2016 so these bonds are issued between interest dates.  The market rate at the date of issue is also 10%.  For simplicity, use a 360-day year and 3 […]

 

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On April 1, 2016 Alpha Company sells $1,000,000 face value of 10% five year bonds which call for semiannual interest payments. The bonds are dated April 1, 2016 so these bonds are issued on an interest date.

On April 1, 2016 Alpha Company sells $1,000,000 face value of 10% five year bonds which call for semiannual interest payments.  The bonds are dated April 1, 2016 so these bonds are issued on an interest date.  The market rate at the date of issue is 8%.  Use the straight line method of amortization of […]

 

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Joe’s Tuxedos has monthly fixed costs of $12,000. The variable costs of sales are 60%. What is the break-even monthly sales revenue? Question 1 options: $20,000 $30,000

Quiz Top of Form Note: It is recommended that you save your response as you complete each question. Directions: This quiz tests how well you understand the concepts covered in Weeks 5 and 6. Quiz 3 contains 10 multiple-choice questions worth 5 points each. Problems 1 and 2 are worth 20 points each. Problem 3 […]

 

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