Business, 11.12.2019 21:31 eshaesmot12345

Sarasota corp. was organized on january 1, 2022. it is authorized to issue 20,800 shares of 5%, $52 par value preferred stock and 464,000 shares of no-par common stock with a stated value of $3 per share. the following stock transactions were completed during the first year. jan. 10 issued 72,000 shares of common stock for cash at $4 per share. mar. 1 issued 1,240 shares of preferred stock for cash at $55 per share. may 1 issued 117,000 shares of common stock for cash at $8 per share. sept. 1 issued 5,400 shares of common stock for cash at $9 per share. nov. 1 issued 3,400 shares of preferred stock for cash at $56 per share.

Answers: 2

Show answers

Other questions on the subject: Business

Business, 22.06.2019 06:40, Amber423

As a finance manager at allsports communication, charlie worries about the firm's borrowing requirements for the upcoming year. he knows the benefit of estimating allsports' cash disbursements and short-term investment expectations. facing these concerns, a(n) would provide charlie with valuable information by providing a good estimation of whether the firm will need to do short-term borrowing. capital budget cash budget operating budget line item budget

Answers: 3

continue

Business, 22.06.2019 16:10, boogerbuttday

Omnidata uses the annualized income method to determine its quarterly federal income tax payments. it had $100,000, $50,000, and $90,000 of taxable income for the first, second, and third quarters, respectively ($240,000 in total through the first three quarters). what is omnidata's annual estimated taxable income for purposes of calculating the third quarter estimated payment?

Answers: 1

continue

Business, 22.06.2019 20:50, NatalieZepeda

How has apple been able to sustain its competitive advantage in the smartphone industry? a. by reducing its network effects b. by targeting its new products and services toward laggards c. by driving the price for the end user to zero d. by regularly introducing incremental improvements in its products

Answers: 1

continue

Business, 23.06.2019 00:50, kellimcollier8294

Mr. drucker uses a periodic review system to manage the inventory in his dry goods store. he likes to maintain 15 sacks of sugar on his shelves based on the annual demand figure of 225 sacks. it costs $2 to place an order for sugar and costs $1 to hold a sack in inventory for a year. mr. drucker checks inventory one day and notes that he is down to 9 sacks; how much should he order?

Answers: 1

continue

You know the right answer?

Sarasota corp. was organized on january 1, 2022. it is authorized to issue 20,800 shares of 5%, $52...