8.) Alpha Corporation started the 2017 fiscal year with 100,000 shares common stock outstanding.On April 1 an additional 30,000 shares were issued. On July 1 Alpha reacquired 10,000 shares. Use this information to determine the number of weighted-average shares of common stock outstanding for the 2017 fiscal year?

9.)On January 1, 2017, Alpha Corporation had 50,000 shares of $10 par value common stock outstanding.On July 1, 2017, Alpha issued 50,000 additional shares on July 1, 2017. There is no class of preferred stock.At December 31, 2017, total stockholders' equity was $4,250,000.Use this information to determine the book value per share as of end of the FY 2017: (Round your answer to the nearest penny.)

10.) On July 1, 2017, Alpha Company purchased inventory from its Japanese supply source. Terms of sale were 100,000 yen, due 30 days from the date of purchase.On July 30, 2017, Alpha paid for the supplies purchased on July 1. The exchange rate for the yen was $0.01 on the date of purchase, and $0.0097 on the date of payment. What would Alpha Company's general journal entries to record the purchase and payment for inventory purchased from its Japanese vendor look like?

11.)For the FY 2016, Alpha Company's balance sheet included the following current items: cash $40,000, accounts receivable $160,000, inventories $100,000, prepaid expenses $20,000, accounts payable $90,000, and accrued expenses $70,000.Use this information to determine the: (Round & enter your answers to one decimal place for non-dollar ratios and enter the value. For dollar ratio enter as whole dollars only.)

1. Quick Ratio

2. Current Ratio

3. Working Capital

12.)The following financial information is for Alpha Corporation are for the fiscal years ending 2017 & 2016 (all balances are normal):

Item/Account

2017

2016

Accounts Receivable

$9,800

$9,400

Inventory

30,000

16,000

Net Sales (all credit)

85,000

71,000

Cost of Goods Sold

62,000

52,000

Net Income

7,200

6,900

Use this information to determine for FY 2017: (Round & enter your answers to one decimal place and enter the value.)

1. the inventory turnover ratio

2. number of days of inventory

3. Gross Profit Margin

4. Profit Margin

13.)The following information is related to Alpha Company's fiscal year 2017.

Income Statement:

Net Income$300,000

Depreciation Expense50,000

Gain on Sale of Plant Assets10,000

Interest Expense500

Balance Sheet - 12/31/17: Increase (Decrease)

Accounts Payable ($4,000)

Plant Assets - Purchased250,000

Plant Assets - Disposals (100,000)

Additional Information:

Cash Balance - 12/31/2016:$50,000

Common Stock exchanged for outstanding Long Term Notes Payable of $125,000

Dividends paid were $25,000

Use this information to prepare the Statement of Cash Flows for Alpha Company using the indirect method.