Global marine obtained a charter from the state in january that authorized 1,000,000 shares of $5 par value common stock. during the first year, the company earned $400,000 of net income, declared no dividends, and the following selected transactions occurred in the order given: issued 100,000 shares of the common stock at $55 cash per share. reacquired 25,000 shares at $50 cash per share. reissued 10,000 shares from treasury for $51 per share. reissued 10,000 shares from treasury for $49 per share.

Oceanside marine company manufactures special metallic materials and decorative fittings for luxury yachts that require highly skilled labor. oceanside uses standard costs to prepare its flexible budget. for the first quarter of the year, direct materials and direct labor standards for one of their popular products were as follows: direct materials: 2 pound per unit; $ 11 per pound direct labor: 2 hours per unit; $ 19 per hour oceanside produced 2 comma 000 units during the quarter. at the end of the quarter, an examination of the direct materials records showed that the company used 7 comma 500 pounds of direct materials and actual total materials costs were $ 98 comma 100. what is the direct materials cost variance? (round any intermediate calculations to the nearest cent, and your final answer to the nearest dollar.)

In most states, a licensee must provide a(n) of any existing agency relationships to all parties

Russell's is considering purchasing $697,400 of equipment for a four-year project. the equipment falls in the five-year macrs class with annual percentages of .2, .32, .192, .1152, .1152, and .0576 for years 1 to 6, respectively. at the end of the project the equipment can be sold for an estimated $135,000. the required return is 13.2 percent and the tax rate is 23 percent. what is the amount of the aftertax salvage value of the equipment assuming no bonus depreciation is taken