1) A company with working capital of $239,082 and a current ratio of 1.9 pays a $84,934 short-term liability. The amount of working capital immediately after payment is

a.$180,713 b.$239,082 c.$419,795 d.$600,508

2)

If Dakota Company issues 2,200 shares of $8 par common stock for $33,000,

a.Paid-In Capital in Excess of Par will be credited for $15,400.

b.Paid-In Capital in Excess of Par will be credited for $17,600.

c.Cash will be debited for $17,600.

d.Common Stock will be credited for $33,000.

3)

If fixed costs are $1,480,000, the unit selling price is $207, and the unit variable costs are $118, what are the break-even sales (units) if fixed costs are increased by $44,400?

a.25,692 units

b.20,554 units

c.17,128 units

d.13,702 units

4)

The charter of a corporation provides for the issuance of 120,000 shares of common stock. Assume that 59,000 shares were originally issued and 6,500 were subsequently reacquired. What is the number of shares outstanding?

a.59,000

b.65,500

c.6,500

d.52,500