Markus company's common stock sold for $3.75 per share at the end of this year. the company paid a common stock dividend of $0.60 per share this year. it also provided the following data excerpts from this year's financial statements: ending beginning balance balance cash accounts receivable inventory current assets total assets current liabilities total liabilities common stock, $1 par value total stockholders' equity $ 41,000 $ 36,200 $ 74,000 $ 58,700 $ 64,900 $ 74,000 $ 179,900 $ 168,900 590,000 $624,000 $ 70,500 $ 63,000 $160,000 $144,000 $ 139,000 $ 139,000 430,000 $ 480,000 total liabilities and stockholders' equity $ 590,000 $ 624,000 this year sales (all on account) 865,000 $ 501,700 363,300 net operating income $206,250 $ 11,000 $ 136,675 cost of goods sold gross margin interest expense net income

Fanning books buys books and magazines directly from publishers and distributes them to grocery stores. the wholesaler expects to purchase the following inventory: april may june required purchases (on account) $ 111,000 $ 131,000 $ 143,000 fanning books accountant prepared the following schedule of cash payments for inventory purchases. fanning books suppliers require that 85 percent of purchases on account be paid in the month of purchase; the remaining 15 percent are paid in the month following the month of purchase. required complete the schedule of cash payments for inventory purchases by filling in the missing amounts. determine the amount of accounts payable the company will report on its pro forma balance sheet at the end of the second quarter.

You are chairman of the board of a successful technology firm. there is a nominal federal corporate tax rate of 35 percent, yet the effective tax rate of the typical corporation is about 12.6%. your firm has been clever with use of transfer pricing and keeping money abroad and has barely paid any taxes over the last 5 years; during this same time period, profits were $28 billion. one member of the board feels that it is un-american to use various accounting strategies in order to avoid paying taxes. others feel that these are legal loopholes and corporations have a fiduciary responsibility to minimize taxes. one board member quoted what the ceo of exxon once said: “i’m not a u.s. company and i don’t make decisions based on what’s good for the u.s.” what are the alternatives? what are your recommendations? why do you recommend this course of action?

What is a sort of auction for stocks in which traders verbally submit their offers?