Practice Exercise 01 Pina Colada Corp. had the following transactions. 1. Sold land (cost $8,480) for $10,600. 2. Issued common stock at par for $22,600. 3. Recorded depreciation on buildings for $16,600. 4. Paid salaries of $6,800. 5. Issued 1,000 shares of $1 par value common stock for equipment worth $10,000. 6. Sold equipment (cost $10,100, accumulated depreciation $7,070) for $1,212. (a) For each transaction above, prepare the journal entry

Ashare stock is a small piece of ownership in a company ture or false

The wall street journal reported that walmart stores inc. is planning to lay off 2,300 employees at its sam's club warehouse unit. approximately half of the layoffs will be hourly employees (the wall street journal, january 25-26, 2014). suppose the following data represent the percentage of hourly employees laid off for 15 sam's club stores. 55 56 44 43 44 56 60 62 57 45 36 38 50 69 65 (a) compute the mean and median percentage of hourly employees being laid off at these stores. (b) compute the first and third quartiles. (c) compute the range and interquartile range. (d) compute the variance and standard deviation. (e) do the data contain any outliers? (f) based on the sample data, does it appear that walmart is meeting its goal for reducing the number of hourly employees?

conquest, inc. produces a special kind of light-weight, recreational vehicle that has a unique design. it allows the company to follow a cost-plus pricing strategy. it has $9,000,000 of average assets, and the desired profit is a 10% return on assets. assume all products produced are sold. additional data are as follows: sales volume 1000 units per year; variable costs $1000 per unit; fixed costs $4,000,000 per year; using the cost-plus pricing approach, what should be the sales price per unit?