On 2013, newton inc. issued for $105 per share, 100,000 shares of $100 par value convertible preferred stock. one share of preferred stock can be converted into three shares of newton's $30 par value common stock at the option of the preferred stockholder. in august 2014, all of the preferred stock was converted into common stock. the market value of the common stock at the date of the conversion was $30 per share. what total amount should be credited to additional paid-in capital, common stock as a result of the conversion of the preferred stock into common stock?
a. $1,250,000.
b. $375,000.
c. $1,500,000.
d. $780,000.

Look at this check register. calculate the current balance. check date transaction (+) deposit balance 5/1 5/3 $82.92 debit 8.00 78.24 005 monthly fee phone bill paycheck 1 125.00 5/15 5/17 5/20 atm 40.00 56.50 006 t ennis lessons the current balance is?

Why does an organization prepare a balance sheet? a. to reveal what the organization owns and owes at a point in time b. to reveal how well the company utilizes its cash c. to calculate retained earnings for a given accounting period d. to calculate gross profit for a given accounting period

Ardmore farm and seed has an inventory dilemma. they have been selling a brand of very popular insect spray for the past year. they have never really analyzed the costs incurred from ordering and holding the inventory and currently fave a large stock of the insecticide in the warehouse. they estimate that it costs $25 to place an order, and it costs $0.25 per gallon to hold the spray. the annual requirements total 80,000 gallons for a 365 day year.a. assuming that 10,000 gallons are ordered each time an order is placed, estimate the annual inventory costs.b. calculate the eoq.c. given the eoq calculated in part b., how many orders should be placed and what is the average inventory balance? d. if it takes seven days to receive an order from suppliers, at what inventory level should ardmore place another order?