What geographic features might be present in countries that have large numbers of people concentrated in relatively small areas? Write a paragraph with supporting details to explain your answer.
The post-closing trial balance of Storey Corporation at December 31, 2017, contains the following stockholders’ equity accounts.
Preferred Stock(15,000 shares issued)$750,000Common Stock (250,000 shares issued)2,500,000Paid-in Capital in Excess of Par-Preferred Stock250,000Paid-in Capital in Excess of Par-Common Stock400,000Common Stock Dividends Distributable250,000Retained Earnings1,042,000\begin{array}{lr} \text{Preferred Stock(15,000 shares issued)}&\$750,000\\ \text{Common Stock (250,000 shares issued)}&2,500,000\\ \text{Paid-in Capital in Excess of Par-Preferred Stock}&250,000\\ \text{Paid-in Capital in Excess of Par-Common Stock}&400,000\\ \text{Common Stock Dividends Distributable}&250,000\\ \text{Retained Earnings}&1,042,000\\ \end{array} Preferred Stock(15,000 shares issued)Common Stock (250,000 shares issued)Paid-in Capital in Excess of Par-Preferred StockPaid-in Capital in Excess of Par-Common StockCommon Stock Dividends DistributableRetained Earnings$750,0002,500,000250,000400,000250,0001,042,000
A review of the accounting records reveals the following.
Instructions (d) Compute the allocation of the cash dividend to preferred and common stock.
Discount-Mart, a major East Coast retailer, wants to determine the economic order quantity (see Chapter 12 for EOQ formulas) for its halogen lamps. It currently buys all halogen lamps from Specialty Lighting Manufacturers in Atlanta. Annual demand is 2.0002.0002.000 lamps, ordering cost per order is $30\$ 30$30, and annual carrying cost per lamp is S12\mathrm{S} 12S12.
What are the total annual costs of holding and ordering (managing) this inventory?
The following data relate to notes receivable and interest for CGH Cable Co., a cable manufacturer and supplier. (All notes are dated as of the day they are received.) Apr. 10. Received a $144,000, 5%, 60-day note on account. May 15. Received a$270,000, 7%, 120-day note on account. June 9. Received $145,200 on note of April 10. Aug. 22. Received a$150,000, 4%, 45-day note on account. Sept.12. Received $276,300 on note of May 15. 30. Received a$210,000, 8%, 60-day note on account. Oct. 6. Received $150,750 on note of August 22. 18. Received a 120,000, 5%, 60-day note on account. Nov. 29. Received$212,800 on note of September 30. Dec. 17. Received $121,000 on note of October 18. Instructions Journalize the entries to record the transactions.
