Common stock ($10 par value); no changes in account during the year. shares authorized: 200,000. shares issued: (all shares were issued at $17 per share; $2,125,000 total cash collected). treasury stock: 3,000 shares (repurchased at $20 per share). the treasury stock was acquired after a stock split was announced. net income: $240,340. dividends declared and paid: $123,220. retained earnings beginning balance: $555,000. determine the number of authorized share.

Employees of dti, inc. worked 1,600 direct labor hours in january and 1,000 direct labor hours in february. dti expects to use 18,000 direct labor hours during the year, and expects to incur $22,500 of worker’s compensation insurance cost for the year. the cash payment for this cost will be paid in april. how much insurance premium should be allocated to products made in january and february?

James has set the goal of achieving all "a"s during this year of school. which term best describes this goal

Norton manufacturing expects to produce 2,900 units in january and 3,600 units in february. norton budgets $20 per unit for direct materials. indirect materials are insignificant and not considered for budgeting purposes. the balance in the raw materials inventory account (all direct materials) on january 1 is $38,650. norton desires the ending balance in raw materials inventory to be 10% of the next month's direct materials needed for production. desired ending balance for february is $51,100. what is the cost of budgeted purchases of direct materials needed for january? $58,000 $65,200 $26,550 $25,150