North Wind Aviation received its charter during January authorizing the following capital stock: Preferred stock: 8 percent, par $10, authorized 20,000 shares.
Common stock: par $1, authorized 60,000 shares.

The following transactions occurred during the first year of operations in the order given:

a. Issued a total of 49,000 shares of the common stock for $11 per share.
b. Issued 10,000 shares of the preferred stock at $12 per share.
c. Issued 3,900 shares of the common stock at $16 per share and 1,000 shares of the preferred stock at $12.
d. Net income for the first year was $57,000, but no dividends were declared.

Required:
Prepare the stockholders' equity section of the balance sheet at December 31.

Which of the following best describes why you need to establish goals for your program?

Ardmore farm and seed has an inventory dilemma. they have been selling a brand of very popular insect spray for the past year. they have never really analyzed the costs incurred from ordering and holding the inventory and currently fave a large stock of the insecticide in the warehouse. they estimate that it costs $25 to place an order, and it costs $0.25 per gallon to hold the spray. the annual requirements total 80,000 gallons for a 365 day year. a. assuming that 10,000 gallons are ordered each time an order is placed, estimate the annual inventory costs. b. calculate the eoq. c. given the eoq calculated in part b., how many orders should be placed and what is the average inventory balance? d. if it takes seven days to receive an order from suppliers, at what inventory level should ardmore place another order?

The following information relates to the pina company. date ending inventory price (end-of-year prices) index december 31, 2013 $73,700 100 december 31, 2014 100,092 114 december 31, 2015 107,856 126 december 31, 2016 123,009 131 december 31, 2017 113,288 136 use the dollar-value lifo method to compute the ending inventory for pina company for 2013 through 2017.