The following information relates to financial projections of Stewart Company: Projected sales 60,000 units Projected variable costs $3.00 per unit Projected fixed costs $40,000 per year Projected unit sales price $7.00 If Stewart Company's tax rate is 40%, how many units would Stewart Company need to sell (target income volume) to earn an after-tax profit of $8,000? Choose the closest answer. A. 10,667 B. 13,333 C. 15,000 D. 13,077

On june 1, 2017, blossom company was started with an initial investment in the company of $22,360 cash. here are the assets, liabilities, and common stock of the company at june 30, 2017, and the revenues and expenses for the month of june, its first month of operations: cash $4,960 notes payable $12,720 accounts receivable 4,340 accounts payable 840 service revenue 7,860 supplies expense 1,100 supplies 2,300 maintenance and repairs expense 700 advertising expense 400 utilities expense 200 equipment 26,360 salaries and wages expense 1,760 common stock 22,360 in june, the company issued no additional stock but paid dividends of $1,660. prepare an income statement for the month of june.

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Paid-in-capital in excess of par represents the amount of proceeds a. from the original sale of common stock b. in excess of the par value from the original sale of common stock c. at the current market value of the common stock d. at the curent book value of the common stock