Nautical has two classes of stock authorized: $10 par preferred, and $1 par value common. as of the beginning of 2018, 125 shares of preferred stock and 3,000 shares of common stock have been issued. the following transactions affect stockholders’ equity during 2018: march 1 issue 3,000 additional shares of common stock for $10 per share. april 1 issue 175 additional shares of preferred stock for $40 per share. june 1 declare a cash dividend on both common and preferred stock of $0.25 per share to all stockholders of record on june 15. june 30 pay the cash dividends declared on june 1. august 1 purchase 175 shares of common treasury stock for $7 per share. october 1 reissue 125 shares of treasury stock purchased on august 1 for $9 per share. nautical has the following beginning balances in its stockholders’ equity accounts on january 1, 2018: preferred stock, $1,250; common stock, $3,000; additional paid-in capital, $19,500; and retained earnings, $11,500. net income for the year ended december 31, 2018, is $7,650. taking into consideration the beginning balances on january 1, 2018 and all the transactions during 2018, respond to the following for nautical: required: 1. prepare the stockholders’ equity section of the balance sheet as of december 31, 2018.2. prepare the statement of stockholders’ equity for the year ended december 31, 2018

Suppose your rich uncle gave you $50,000, which you plan to use for graduate school. you will make the investment now, you expect to earn an annual return of 6%, and you will make 4 equal annual withdrawals, beginning 1 year from today. under these conditions, how large would each withdrawal be so there would be no funds remaining in the account after the 4th?

Need true or false 1 2 3 4 5 6 7 8

Exercise 18-15 sheffield appliance center is an experienced home appliance dealer. sheffield appliance center also offers a number of services for the home appliances that it sells. assume that sheffield appliance center sells ovens on a standalone basis. sheffield appliance center also sells installation services and maintenance services for ovens. however, sheffield appliance center does not offer installation or maintenance services to customers who buy ovens from other vendors. pricing for ovens is as follows. oven only $790 oven with installation service 850 oven with maintenance services 970 oven with installation and maintenance services 990 in each instance in which maintenance services are provided, the maintenance service is separately priced within the arrangement at $180. additionally, the incremental amount charged by sheffield appliance center for installation approximates the amount charged by independent third parties. ovens are sold subject to a general right of return. if a customer purchases an oven with installation and/or maintenance services, in the event sheffield appliance center does not complete the service satisfactorily, the customer is only entitled to a refund of the portion of the fee that exceeds $790. assume that a customer purchases an oven with both installation and maintenance services for $990. (b) indicate the amount of revenue that should be allocated to the oven, the installation, and to the maintenance contract.