NWM Chapter 4 (Pt. 2) review Flashcards

Recent flashcard sets

Fundamentals of Marketing

16 terms

Gas Chromatography

18 terms

English Poetry Test

50 terms

FAMILY ебучая

246 terms

Sets found in the same folder

Final Exam Chapter 4 Part 1

60 terms

NWM Chapter 6 review

45 terms

Chapter 10: Retirement plans

43 terms

Chapter 7: Life Insurance Underwriting and Po…

29 terms

Other sets by this creator

MGT 302 Final Exam sh*t

34 terms

MKT 300 Final Exam Market Research

14 terms

MKT 300 Final Exam Business Markets and Buyin…

12 terms

MKT 300 Final Exam Consumer Buying Behavior

19 terms

Verified questions

accounting

The equity sections for Atticus Group at the beginning of the year (January 1) and end of the year (December 31) follow.

\begin{array}{lrr} \textbf{Stockholders' Equity (January 1)}\\[2pt] \text{Common stock-\$4 par value, 100,000 shares authorized, 40,000 shares issued and outstanding}&\text{\$\hspace{1pt}160,000}\\ \text{Paid-in capital in excess of par value, common stock}&\text{120,000}\\ \text{Retained earnings}&\underline{\text{\hspace{6pt}320,000}}\\ \text{Total stockholders' equity}&\underline{\underline{\$\text{\hspace{1pt}600,000}}}\\ \end{array}

\begin{array}{lrr} \textbf{Stockholders' Equity (December 31)}\\[2pt] \text{Common stock-\$4 par value, 100,000 shares authorized, 47,400 shares issued, 3,000 shares in treasury}&\text{\$\hspace{1pt}189,600}\\ \text{Paid-in capital in excess of par value, common stock}&\text{179,200}\\ \text{Retained earnings (\$30,000 restricted by treasury stock)}&\underline{\text{\hspace{6pt}400,000}}\\ &\text{768,800}\\ \text{Less cost of treasury stock}&\underline{\text{\hspace{3pt}(30,000)}}\\ \text{Total stockholders' equity}&\underline{\underline{\$\text{\hspace{1pt}738,800}}}\\ \end{array}

The following transactions and events affected its equity during the year.

Jan.  5 Declared a $0.50 per share cash dividend, date of record January 10.
Mar. 20 Purchased treasury stock for cash.
Apr.  5 Declared a$0.50 per share cash dividend, date of record April 10.
July  5 Declared a $0.50 per share cash dividend, date of record July 10.
July 31 Declared a 20% stock dividend when the stock's market value was$12 per share.
Aug. 14 Issued the stock dividend that was declared on July 31.
Oct.  5 Declared a $0.50 per share cash dividend, date of record October 10.

Prepare journal entries related to cash dividends and stock dividends. Calculate the number of shares outstanding, the amount of net income, and the amount of retained earnings to be capitalized as a result of the stock dividend, if any.

Verified answer

business

Punctuate the following group of words as single sentence. Add commas and semicolons. Do not add words or periods to create new sentence.

Example: Come in to see our new branch office $\underline{,}$ meet our friendly tellers and manager.

We are convinced therefore that you are the right person for the job.

Verified answer

business math

To help you review, the bracketed numbers indicate the section in which the topic is discussed. Round as indicated.

$671,529$ to the nearest thousand

Verified answer

economics

Suppose you own a parcel of land whose value $t$ years from now will be $V(t)=8,000 e^{\sqrt{ }}$ dollars. If the prevailing interest rate remains constant at $6 \%$ per year compounded