Major league apparel has two classes of stock authorized: 5%, $10 par preferred, and $1 par value common. the following transactions affect stockholders’ equity during 2012, its first year of operations: jan. 2 issue 118,000 shares of common stock for $65 per share. feb. 14 issue 64,000 shares of preferred stock for $11 per share. may 8 repurchase 11,000 shares of its own common stock for $55 per share. may 31 reissue 7,000 shares of treasury stock for $60 per share. dec. 1 declare a cash dividend on its common stock of $.70 per share and a $32,000 (5% of par value) cash dividend on its preferred stock payable to all stockholders of record on december 15. the dividend is payable on december 30. (hint: dividends are not paid on treasury stock.) dec. 30 pay the dividends declared on december 1. given the information above, what are the amount for "retained earning" and "treasury stock" on the balance sheet?

Walmart’s scm system walmart is famous for its low prices, and you may have experienced its low prices first-hand. at least, you have probably seen its motto, “always low prices— always.” one of the biggest reasons walmart is able to sell at prices lower than almost everyone else is that it has a superefficient supply chain. its it-enabled supply chain management system is the envy of the industry because it drives excess time and unnecessary costs out of the supply chain. so, because walmart can buy low, it sells low. as a matter of fact, if your company wants to sell items to walmart for it to sell in its stores, you will have to do business with it electronically. if your company can’t do that, walmart won’t buy anything from you. log on to walmart’s web site (), search for supplier information, and find out what walmart’s requirements are for its suppliers to do business with it electronically. prepare a brief summary of its requirements for presentation in clas

You are the manager in charge of global operations at bankglobal – a large commercial bank that operates in a number of countries around the world. you must decide whether or not to launch a new advertising campaign in the u. s. market. your accounting department has provided the accompanying statement, which summarizes the financial impact of the advertising campaign on u. s. operations. in addition, you recently received a call from a colleague in charge of foreign operations, and she indicated that her unit would lose $8 million if the u. s. advertising campaign were launched. your goal is to maximize bankglobal’s value. should you launch the new campaign? explain. pre-advertising campaign post-advertising campaign total revenues $18,610,900 $31,980,200 variable cost tv airtime 5,750,350 8,610,400 ad development labor 1,960,580 3,102,450 total variable costs 7,710,930 11,712,850 direct fixed cost depreciation – computer equipment 1,500,000 1,500,000 total direct fixed cost 1,500,000 1,500,000 indirect fixed cost managerial salaries 8,458,100 8,458,100 office supplies 2,003,500 2,003,500 total indirect fixed cost $10,461,600 $10,461,600

Acoase solution to a problem of externality ensures that a socially efficient outcome is to