Major league apparel has two classes of stock authorized: 6%, $10 par preferred, and $1 par value common. the following transactions affect stockholders’ equity during 2018, its first year of operations: january 2 issue 110,000 shares of common stock for $64 per share. february 14 issue 54,000 shares of preferred stock for $12 per share. may 8 repurchase 11,000 shares of its own common stock for $54 per share. may 31 reissue 5,500 shares of treasury stock for $59 per share. december 1 declare a cash dividend on its common stock of $0.70 per share and a $32,400 (6% 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.) december 30 pay the cash dividends declared on december 1.

$527.7.if the following was the question  $527.7 is the answer.students who are trying to raise funds have an agreement with a local pizza chain. the chain has agreed to sell them pizzas at a discount, which the students can then resell to families in the local community for a profit. it is expected that of the 500 families in the community, at most 70% will buy pizza. based on a survey of their personal preferences, the students believe that they should order no more than 120 cheese pizzas, no more than 150 pepperoni pizzas, and no more than 100 vegetarian pizzas. they also want to make sure that at least 20% of the total pizzas are cheese and at least 50% of the pizzas are pepperoni. they make a profit of $1.45, $1.75, and $1.98, respectively, for each cheese, pepperoni, and vegetarian pizza they resell. how many pizzas of each type should they buy?

Work hard at your craft