Nouveaux co. was incorporated at the beginning of this calendar year. its articles of incorporation authorize 500,000 shares of common stock, of which 100,000 were issued immediately. on june 30, nouveaux repurchased 10,000 shares to be held as treasury stock. on september 30, it effected a 3-for-1 stock split. consequently, the number of shares outstanding at year end was

a) 1,500,000
b) 330,000
c) 300,000
d) 270,000

in year 3, seda corp. acquired 6,000 shares of its own $1 par value common stock at $18 per share. in year 4, seda reissued 3,000 of these shares at $25 per share. seda uses the cost method to account for its treasury stock transactions.

prepare journal entries to record the transactions.

Hanna intends to give her granddaughter, melodee, her antique hat pin. this heirloom has been kept under lock and key in the wall vault in the library of hanna's house in virginia. the hat pin is currently the only item in the vault. when hanna is visiting melodee in connecticut, hanna gives melodee the only key to the vault. melodee is grateful for the present and excitedly accepts. in this situation has there been a completed gift?

1) u.s. real gdp is substantially higher today than it was 60 years ago. what does this tell us, and what does it not tell us, about the well-being of u.s. residents? what are the limitations of the gdp as a measure of economic well-being? given the limitations, why is gdp usually regarded as the best single measure of a society’s economic well-being? 2) what is an intermediate good? how does an intermediate good differ from a final good? explain why it is the case that the value of intermediate goods produced and sold during the year is not included directly as part of gdp, but the value of intermediate goods produced and not sold is included directly as part of gdp.

M. cotteleer electronics supplies microcomputer circuitry to a company that incorporates microprocessors into refrigerators and other home appliances. one of the components has an annual demand of 235 units, and this is constant throughout the year. carrying cost is estimated to be $1.25 per unit per year, and the ordering (setup) cost is $21 per order. a) to minimize cost, how many units should be ordered each time an order is placed? b) how many orders per year are needed with the optimal policy? c) what is the average inventory if costs are minimized? d) suppose that the ordering cost is not $21, and cotteleer has been ordering 125 units each time an order is placed. for this order policy (of q = 125) to be optimal, determine what the ordering cost would have to be.