Seville Co. issued 900 shares of $56 par value stock for $67,500. What is the total amount of contributed capital?
A. $67,500
B. $50,400
C. $17,100
D. $56
Answer: A
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Which of the following is a reason why salespeople fail to obtain commitment?
A. Speaking more than listening B. Fear of asking C. Poor presentation D. Displaying unwarranted excitement E. All of these
Which of the following was the first major antitrust law?
A. Celler-Kefauver Antimerger Act. B. Sherman Act. C. Federal Trade Commission Act. D. Clayton Act.
Healthy Farmer, Inc. has 46,000 shares of common stock outstanding and 3000 shares of preferred stock outstanding. The common stock is $0.03 par value; the preferred stock is 7% noncumulative with a $100.00 par value. On October 15, 2019, the company declares a total dividend payment of $43,000. What is the total amount of dividends that will be paid to the common stockholders?
A) $43,000 B) $22,000 C) $1380 D) $9000
Alfredo Inc. reports net income of $230,000 for the year ended December 31. It also reports $87,700 depreciation expense and a $5,000 gain on the sale of equipment. Its comparative balance sheet reveals a $35,500 decrease in accounts receivable, a $15,750 increase in accounts payable, and a $12,500 decrease in wages payable. Calculate the cash provided (used) in operating activities using the indirect method.
A. $356,450. B. $319,950. C. $351,450. D. $376,450. E. $263,750.