Archer, inc., has 10,000 shares of 5%, $100 par value, noncumulative preferred stock and40,000 shares of $1 par value common stock outstanding at december 31, 2010. therewere no dividends declared in 2009. the board of directors declares and pays a $120,000dividend in 2010. what is the amount of dividends received by the common stockholdersin 2010? a. $0b. $50,000c. $20,000d. $70,000

Aldrich and co. sold goods to donovan on credit. the amount owed grew steadily, and finally aldrich refused to sell any more to donovan unless donovan signed a promissory note for the amount due. donovan did not want to but signed the note because he had no money and needed more goods. when aldrich brought an action to enforce the note, donovan claimed that the note was not binding because it had been obtained by economic duress. was he correct? [aldrich & co. v. donovan, 778 p.2d 397 (mont.)]

Moody corporation uses a job-order costing system with a plantwide predetermined overhead rate based on machine-hours. at the beginning of the year, the company made the following estimates: machine-hours required to support estimated production 100,000 fixed manufacturing overhead cost $ 650,000 variable manufacturing overhead cost per machine-hour $ 3.00 required: 1. compute the plantwide predetermined overhead rate. 2. during the year, job 400 was started and completed. the following information was available with respect to this job: direct materials $ 450 direct labor cost $ 210 machine-hours used 40

Experienced problem solvers always consider both the value and units of their answer to a problem. why?