Knapp Industries began business on January 1, 2018 by issuing all of its 1,850,000 authorized shares of its $1 par value common stock for $36 per share. On June 30, Knapp declared a cash dividend of $2.75 per share to stockholders of record on July 31. Knapp paid the cash dividend on August 30. On November 1, Knapp reacquired 370,000 of its own shares of stock for $41 per share. On December 22, Knapp resold 185,000 of these shares for $47 per share. Required: Prepare all of the necessary journal entries to record the events described above. Prepare the stockholders' equity section of the balance sheet as of December 31, 2018 assuming that the net income for the year was $11,000,000.

Lindon company is the exclusive distributor for an automotive product that sells for $30.00 per unit and has a cm ratio of 30%. the company’s fixed expenses are $162,000 per year. the company plans to sell 20,200 units this year. required: 1. what are the variable expenses per unit? (round your "per unit" answer to 2 decimal places.) 2. what is the break-even point in unit sales and in dollar sales? 3. what amount of unit sales and dollar sales is required to attain a target profit of $72,000 per year? 4. assume that by using a more efficient shipper, the company is able to reduce its variable expenses by $3.00 per unit. what is the company’s new break-even point in unit sales and in dollar sales? what dollar sales is required to attain a target profit of $72,000?

Xavier and shawn are co-owners of a party-planning business. they split all of the profits 50-50 and are able to make decisions that are binding on both parties. at one of their parties a guest is injured on a piece of equipment. the guest sues xavier and shawn, and they find they're personally liable for any damages. what kind of business structure do they have? question 8 options: sole proprietorship general partnership limited liability company corporation

Baylaine is a company that sells affordable, low-end cell phones. baylaine's customers can register product or service complaints with the company through emails; the company's customer support team replies to customer queries and complaints within five hours of the receipt of an email. in the context of customer relationship management, baylaine most likely establishes with its customers.