1. A company reports the following:

Net income	$890,110
Preferred dividends	$65,930
Shares of common stock outstanding	58,000
Market price per share of common stock	$41.21

Calculate the company's earnings per share on common stock. Round your answer to the nearest cent. Ans $( )

Q2

Cavy Company estimates that the factory overhead for the following year will be $805,200. The company has decided that the basis for applying factory overhead should be machine hours, which is estimated to be 36,600 hours. The machine hours for the month of April for all of the jobs were 5,300.

Journalize the entry to record the factory overhead applied in April. If an amount box does not require an entry, leave it blank.

	CashCost of Goods SoldFactory OverheadMaterialsWork in Process	- Select -	- Select -
	CashCost of Goods SoldFactory OverheadMaterialsWork in Process	- Select -	- Select -

Q3

Privett Company
Accounts payable	$30,000
Accounts receivable	35,000
Accrued liabilities	7,000
Cash	25,000
Intangible assets	40,000
Inventory	72,000
Long-term investments	100,000
Long-term liabilities	75,000
Marketable securities	36,000
Notes payable (short-term)	20,000
Property, plant, and equipment	400,000
Prepaid expenses	2,000

Based on the data for Privett Company, what is the amount of working capital?

a.$113,000

b.$39,000

c.$213,000

d.$153,000

Q4.

Cavy Company estimates that the factory overhead for the following year will be $1,242,000. The company has determined that the basis for applying factory overhead will be machine hours, which is estimated to be 27,600 hours. There are 3,700 machine hours for all of the jobs in the month of April.

What amount will be applied to all of the jobs for the month of April? Ans$ ( )