A company's stockholders equity consisted of $7 par common stock, 200,000 shares authorized and 100,000 shares issued. The Paid- in capital in excess of par had a balance of $160,000. There were 2,000 shares held in treasury at a total cost of $16,000. If the total stockholders equity is $974,000, determine the balance of retained earnings.

Cortes Cargo, Inc is considering three investment opportunities with the following payback periods

Project X Project Y Project Z Payback period 3 years 2.5 years 2.8 years Use the decision rule for payback to rank the projects from most desirable to least desirable, all else being equal. A) Y, Z, X B) X, Y, Z C) Z, Y, X D) Y, X, Z

Which of the following penalties could not be imposed by the Washington Human Rights Commission on a person who violates the Washington law against discrimination?

a. Cease and desist order. b. Punitive damages. c. Damages up to $10,000 or more. d. Affirmative relief.