Gannon company acquired 8,000 shares of its own common stock at $20 per share on february 5, 2012, and sold 4,000 of these shares at $27 per share on august 9, 2013.
the fair value of gannon's common stock was $24 per share at december 31, 2012, and $25 per share at december 31, 2013.

the cost method is used to record treasury stock transactions. what account(s) should gannon credit in 2013 to record the sale of 4,000 shares?
a. treasury stock for $108,000.
b. treasury stock for $80,000 and paid-in capital from treasury stock for $28,000.
c. treasury stock for $80,000 and retained earnings for $28,000.
d. treasury stock for $96,000 and retained earnings for $12,000.

Which of the following statements is true about financial planning

Western electric has 32,000 shares of common stock outstanding at a price per share of $79 and a rate of return of 13.00 percent. the firm has 7,300 shares of 7.80 percent preferred stock outstanding at a price of $95.00 per share. the preferred stock has a par value of $100. the outstanding debt has a total face value of $404,000 and currently sells for 111 percent of face. the yield to maturity on the debt is 8.08 percent. what is the firm's weighted average cost of capital if the tax rate is 39 percent?

The new york times (nov. 30, 1993) reported that “the inability of opec to agree last week to cut production has sent the oil market into turmoil . . [leading to] the lowest price for domestic crude oil since june 1990.” why were the members of opec trying to agree to cut production? so they could save more oil for future consumption so they could lower the price so they could raise the price why do you suppose opec was unable to agree on cutting production? because each country has a different production capacity because each country experiences different production costs because each country has an incentive to cheat on any agreement the newspaper also noted opec’s view “that producing nations outside the organization, like norway and britain, should do their share and cut production.” what does the phrase “do their share” suggest about opec’s desired relationship with norway and britain? opec would like norway and britain to keep their production levels high. opec would like norway and britain to act competitively. opec would like norway and britain to join the cartel.