The charter of vista west corporation specifies that it is authorized to issue 300,000 shares of common stock. since the company was incorporated, it has sold a total of 160,000 shares (at $16 per share) to the public. it has bought back a total of 25,000. the par value of the stock is $3. when the stock was bought back from the public, the market price was $40. required: 1. determine the authorized shares. 2. determine the issued shares. 3. determine the outstanding shares.

Croy inc. has the following projected sales for the next five months: month sales in units april 3,850 may 3,875 june 4,260 july 4,135 august 3,590 croy’s finished goods inventory policy is to have 60 percent of the next month’s sales on hand at the end of each month. direct material costs $2.50 per pound, and each unit requires 2 pounds. raw materials inventory policy is to have 50 percent of the next month’s production needs on hand at the end of each month. raw materials on hand at march 31 totaled 3,741 pounds. 1. determine budgeted production for april, may, and june. 2. determine the budgeted cost of materials purchased for april, may, and june. (round your answers to 2 decimal places.)