Coral Cleaners, Inc Coral Cleaners reported the following information in the stockholders' equity section of its December 31, 2011, balance sheet. 7% Cumulative, non-participating preferred stock, $100 par, 500 shares authorized, issued, and outstanding, callable at par value $ 50,000 Common stock, $12 par, 100,000 shares authorized 600,000 Additional paid-in capital 25,000 Retained earnings
825,000 Refer to the information presented above for Coral Cleaners, Inc Coral's total capital stock is:
A) $ 650,000.
B) $ 675,000.
C) $ 625,000.
D) $1,500,000.
B
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A polite request phrased as a question out of courtesy does not need to end with a question mark
Indicate whether the statement is true or false
Laura is in possession of a check which contains the following indorsement, "Sam Smith, without recourse, for collection only." The indorsement would be classified as:
a. blank, qualified, and restrictive. b. blank, unqualified, and unrestrictive. c. special, unqualified, and restrictive. d. special, qualified, and unrestrictive.
Cass & Company has the following data. What is the firm's cash conversion cycle? Inventory Conversion Period =47 days Receivables Collection Period =17 days Payables Deferral Period =25 days ?
A. 46 days B. 30 days C. 45 days D. 39 days E. 38 days
Kansas Corporation is reviewing an investment proposal that has an initial cost of $52,500. An estimate of the investment's end-of-year book value, the yearly after-tax net cash inflows, and the yearly net income are presented in the schedule below. Yearly after-tax net cash inflows include savings from the depreciation tax shield. The investment's salvage value at the end of each year is equal to book value, and there will be no salvage value at the end of the investment's life.YearInitial Cost and Book ValueYearly After-Tax Net cash InflowsYearly Net Income1$35,000$20,000$2,500221,00017,5003,500310,50015,0004,50043,50012,5005,5005---10,0006,500??$75,000$22,500Kansas uses a 14% after-tax target rate of return for new investment proposals.YearFV of $1 at 14%FV of an ordinary annuity
at 14% PV of $1 at 14%PV of an ordinary annuity at 14% 11.1401.0000.8770.87721.3002.1400.7691.64731.4823.4400.6752.32241.6894.9210.5922.91451.9256.6100.5193.43362.1958.5360.4563.889Required:A. Calculate the project's payback period.B. Calculate the accounting rate of return on the initial investment.C. Calculate the proposal's net present value. Round to the nearest dollar. What will be an ideal response?