The following information pertains to Jet Corp. outstanding stock for Year 1:
Common stock, $5 par value
Shares outstanding, 1/1/01 20,000
A 2-for-1 stock split, 4/1/Year 1 20,000
Shares issued, 7/1/Year 1 10,000
Preferred stock, $10 par value,
5% cumulative Shares outstanding
1/1/Year 1 4,000
What is the number of shares Jet should use to calculate Year 1 earnings per share?
a. 40,000
b. 45,000
c. 50,000
d. 54,000

He set of companies a product goes through on the way to the consumer is called the a. economic utility b. cottage industry c. market saturation d. distribution chain

Shelby company produces three products: product x, product y, and product z. data concerning the three products follow (per unit): product x product y product z selling price $ 85 $ 65 $ 75 variable expenses: direct materials 25.50 19.50 5.25 labor and overhead 25.50 29.25 47.25 total variable expenses 51.00 48.75 52.50 contribution margin $ 34.00 $ 16.25 $ 22.50 contribution margin ratio 40 % 25 % 30 % demand for the company’s products is very strong, with far more orders each month than the company can produce with the available raw materials. the same material is used in each product. the material costs $8 per pound, with a maximum of 4,400 pounds available each month. required: a. compute contribution margin per pound of materials used. (round your intermediate calculations and final answers to 2 decimal places.) contribution margin per pound product x $ product y $ product z $ b. which orders would you advise the company to accept first, those for product x, for product y, or for product z? which orders second? third? product x product y product z

You meet that special person and get married. amazingly your spouse has exactly the same income you do 47,810. if your tax status is now married filing jointly what is your tax liability