B & B Company had beginning retained earnings of $45,000. During the year the company had net income of $139,000, and declared and paid dividends of $9,500. B & B Company sold 2,500 shares of stock for $30 per share
What is the net effect of these transactions on the following accounts?
A) increase Retained earnings; increase Common stock
B) increase Retained earnings; decrease Common stock
C) no effect on Retained earnings; increase Common stock
D) increase Retained earnings; no effect on Common stock
A
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Pretty, Inc provides the following data
2017 2016 Cash $28,000 $21,000 Accounts Receivable, Net 40,000 40,000 Merchandise Inventory 53,000 30,000 Property, Plant, and Equipment, Net 124,000 91,000 Total Assets $245,000 $182,000 Net Credit Sales $240,000 Cost of Goods Sold (130,000 ) Gross Profit $110,000 Calculate days' sales in inventory for 2017. (Round any intermediate calculations and your final answer to two decimal places.) A) 84.23 B) 148.81 C) 63.11 D) 116.61
Fixed rate mortgages usually have
A) the same interest rate. B) an adjustable rate. C) a balloon payment. D) different monthly payments depending upon the interest rate.