North Wind Aviation received its charter during January authorizing the following capital stock: Preferred stock: 8 percent, par $10, authorized 20,000 shares.
Common stock: par $1, authorized 60,000 shares.

The following transactions occurred during the first year of operations in the order given:

a. Issued a total of 49,000 shares of the common stock for $11 per share.
b. Issued 10,000 shares of the preferred stock at $12 per share.
c. Issued 3,900 shares of the common stock at $16 per share and 1,000 shares of the preferred stock at $12.
d. Net income for the first year was $57,000, but no dividends were declared.

Required:
Prepare the stockholders' equity section of the balance sheet at December 31.

How supply and demand work together to reach the equilibrium price in the marketplace? give at least a paragraph. you!

Lynch company manufactures and sells a single product. the following costs were incurred during the company’s first year of operations: variable costs per unit: manufacturing: direct materials $ 12 direct labor $ 6 variable manufacturing overhead $ 1 variable selling and administrative $ 1 fixed costs per year: fixed manufacturing overhead $ 308,000 fixed selling and administrative $ 218,000 during the year, the company produced 28,000 units and sold 15,000 units. the selling price of the company’s product is $56 per unit. required: 1. assume that the company uses absorption costing: a. compute the unit product cost. b. prepare an income statement for the year. 2. assume that the company uses variable costing: a. compute the unit product cost. b. prepare an income statement for the year.

To : of $25 up to 35 2 35 up to 45 5 45 up to 55 7 55 up to 65 20 65 up to 75 16 is$25 up to $35 ?