Tandy company was issued a charter by the state of indiana on january 15 of this year. the charter authorized the following: common stock, $10 par value, 103,000 shares authorized preferred stock, 9 percent, par value $8 per share, 4,000 shares authorized during the year, the following transactions took place in the order presented:

a. sold and issued 20,000 shares of common stock at $16 cash per share.
b. sold and issued 3,000 shares of preferred stock at $20 cash per share.
c. at the end of the year, the accounts showed net income of $60,000. no dividends were declared.

required: 1. prepare the stockholders' equity section of the balance sheet at the end of the year.

Anne is comparing savings accounts. one account has an interest rate of 1.2 percent compounded yearly, and one account has an interest rate of 1.2 percent compounded monthly. which account will earn more money in interest? the account that earns 1.2 percent compounded yearly the account that earns 1.2 percent compounded monthly

Elliott company produces large quantities of a standardized product. the following information is available for its production activities for march. units costs beginning work in process inventory 2,500 beginning work in process inventory started 25,000 direct materials $ 3,725 ending work in process inventory 5,000 conversion 11,580 $ 15,305 status of ending work in process inventory direct materials added 185,750 materials—percent complete 100 % direct labor added 182,375 conversion—percent complete 30 % overhead applied (140% of direct labor) 255,325 total costs to account for $ 638,755 ending work in process inventory $ 62,530 prepare a process cost summary report for this company, showing costs charged to production, unit cost information, equivalent units of production, cost per eup, and its cost assignment and reconciliation. use the weighted-average method. (round "cost per eup" to 2 decimal places.)

Which two of the following are benefits of consumer programs