Horton co. was organized on january 2, 2014, with 500,000 authorized shares of $10 par value common stock. during 2014, horton had the following capital transactions:
january 5-issued 375,000 shares at $14 per share.
july 27-purchased 25,000 shares at $11 per share.
november 25-sold 18,000 shares of treasury stock at $13 per share.
horton used the cost method to record the purchase of the treasury shares. what would be the balance in the paid-in capital from treasury stock account at december 31, 2014?

Horace society is planning its annual western fair raceway gala. the gala committee has assembled the following expected costs for the event: dinner (per person) $10 gaming token and program (per person) $2 prize payouts $4,300 tickets and advertising $800 private box suite rental $1,700 lottery licenses $200 the committee members would like to charge $40 per person for the evening’s activities.required: 1. what is the break-even point for the dinner-dance (in terms of the number of persons who must attend)? 2. assume that last year only 200 persons attended the dinner-dance. if the same number attend this year, what price per ticket must be charged in order to break even? 3. refer to the original data ($40 ticket price per person). prepare a cvp graph for the dinner- dance from zero tickets up to 600 tickets sold.