Hoyt corp.'s current balance sheet reports the following stockholders' equity: 5°/o cumulative preferred stock, par value $100 per share; 2,500 shares issued and outstanding $250,000common stock, par value $3.50 per share; 100,000 shares issued and outstanding 350,000additional paid-in capital in excess of par value of common stock 125,000retained earnings 300,000dividends in arrears on the preferred stock amount to $25,000. if hoyt were to be liquidated, the preferredstockholders would receive par value plus a premium of $50,000. the book value per share of common stockis: a. $7.75b. $7.50c. $7.25d. $7.00

Employees of dti, inc. worked 1,600 direct labor hours in january and 1,000 direct labor hours in february. dti expects to use 18,000 direct labor hours during the year, and expects to incur $22,500 of worker’s compensation insurance cost for the year. the cash payment for this cost will be paid in april. how much insurance premium should be allocated to products made in january and february?

Select the statement that indicates tina's company is a partnership. tina jones is a dancer specializing in latin dance styles. she always wanted to have her own dance studio where she could teach dancing to young and old alike. in 2006, she opened her first dance studio, electric diva, in madison triangle. it was a great choice as a business location because it's well-connected by highways to most places in the city. she leased the space for three years. her initial investment included a good sound system, cheerful interior design, and strong flooring. to raise capital for the business, tina turned to her brother-in-law, philip. philip made half the financial investment. he manages the accounts and social media needs of the business. he has a 30% share in trisha's business. together, they expanded the business to three dance studios in the city and plan to open franchises in other cities.

Salaries are $4,500 per week for five working days and are paid weekly at the end of the day fridays. the end of the month falls on a thursday. the accountant for dayton company made the appropriate accrual adjustment and posted it to the ledger. the balance of salaries payable, as shown on the adjusted trial balance, will be a (assume that there was no beginning balance in the salaries payable account.)