Foley corporation has the following capital structure at the beginning of the year:

4% preferred stock, $50 par value, 20,000 shares authorized,

6,000 shares issued and outstanding $300,000
common stock, $10 par value, 60,000 shares authorized,
40,000 shares issued and outstanding 400,000paid-in capital in excess of par 110,000
total paid-in capital 810,000
retained earnings 440,000
total stockholders' equity $1,250,000

instructions

(a) record the following transactions which occurred consecutively (show all calculations).

1. a total cash dividend of $90,000 was declared and payable to stockholders of record. record dividends payable on common and preferred stock in separate accounts.

2. a 15% common stock dividend was declared. the average fair value of the common stock is $22 a share.

There are more than two types of bachelors’ degrees true or false?

Fanning company is considering the addition of a new product to its cosmetics line. the company has three distinctly different options: a skin cream, a bath oil, or a hair coloring gel. relevant information and budgeted annual income statements for each of the products follow. skin cream bath oil color gel budgeted sales in units (a) 110,000 190,000 70,000 expected sales price (b) $8 $4 $11 variable costs per unit (c) $2 $2 $7 income statements sales revenue (a × b) $880,000 $760,000 $770,000 variable costs (a × c) (220,000) (380,000) (490,000) contribution margin 660,000 380,000 280,000 fixed costs (432,000) (240,000) (76,000) net income $228,000 $140,000 $204,000 required: (a) determine the margin of safety as a percentage for each product. (b) prepare revised income statements for each product, assuming a 20 percent increase in the budgeted sales volume. (c) for each product, determine the percentage change in net income that results from the 20 percent increase in sales. (d) assuming that management is pessimistic and risk averse, which product should the company add to its cosmetics line? (e) assuming that management is optimistic and risk aggressive, which product should the company add to its cosmetics line?

Which of the following is not part of the mission statement of the department of homeland security? lead the unified national effort to secure america protect against and respond to threats and hazards to the nation ensure safe and secure borders coordinate intelligence operations against terrorists in other countries