Larry nelson holds 1,000 shares of general electric's (ge) common stock. the annual stockholder meeting is being held soon, but as a minor shareholder, larry doesn't plan to attend. larry did not sell his shares but gave his voting rights to the management group running general electric (ge). larry must have signed a that gives the management group control over his shares. larry also holds 2,000 shares of common stock in a company that only has 20,000 shares outstanding. the company's stock currently is valued at $45.00 per share. the company needs to raise new capital to invest in production. the company is looking to issue 5,000 new shares at a price of $36.00 per share. larry worries about the value of his investment. larry's current investment in the company is if the company issues new shares and larry makes no additional purchase, larry's investment will be this scenario is an example of larry could be protected if the firm's corporate charter includes a provision. if larry exercises the provisions in the corporate charter to protect his stake, his investment value in the firm will become

Use the following account numbers and corresponding account titles to answer the following question. account no. account title (1) cash (2) merchandise inventory (3) cost of goods sold (4) transportation-out (5) dividends (6) common stock (7) selling expense (8) loss on the sale of land (9) sales which accounts would appear on the income statement?

Fred smithers, a recent college graduate decided to open his own portable juice bar, smithers smoothies, to wheel around newport beach. you, a trusted friend of fred, are a business major that has also recently graduated and agreed to handle the books for a while to get some practical experience and have a favor that you can ask of fred in the future. given the following five transactions concerning the new venture, prepare the necessary journal entries for the transactions, post the journal entries to appropriate t accounts and prepare a trial balance as of the end of the month in order to answer to the necessary may 2: fred invests $12,000 of his own money to start the new company. this money was obtained from a part-time job working at a legal firm while he was in school. may 3: fred spent $5,100 cash to purchase a refrigerated trailer that he can pull behind his car and set up at the beach. under your advice, fred agrees to place the new asset under an account called "equipment." may 6: fred bought $640 of supplies on account from the flav-o-rite confectioners company. because they will last longer than a single accounting period fred agrees to record them as, "supplies" as per your suggestion. may 13: fred sat on the beach for six hours without a single sale and was feeling very down. right before he left, however, a plumber escorting his family reunion along the beach stopped by his stand and bought $800 worth of smoothies for the entire family. under your advice, fred agrees to call this cash revenue, "sales." may 15: excited about his new venture, fred withdraws $350 from the company to take his girlfriend out to dinner. what would be the balance in the cash account at the end of the period following the posting of all the transactions?

The brs corporation makes collections on sales according to the following schedule: 30% in month of sale 66% in month following sale 4% in second month following sale the following sales have been budgeted: sales april $ 130,000 may $ 150,000 june $ 140,000 budgeted cash collections in june would be: