On may 23, stoltz realty inc. issued for cash 80,000 shares of no-par common stock (with a stated value of $3) at $12. on july 6, stoltz realty inc. issued at par value 18,000 shares of preferred 1% stock, $50 par for cash. on september 15, stoltz realty inc. issued for cash an additional 50,000 shares of no-par common stock (with a stated value of $3) for $15. journalize the entries to record the may 23, july 6, and september 15 transactions. refer to the chart of accounts for exact wording of account titles.

In early january, burger mania acquired 100% of the common stock of the crispy taco restaurant chain. the purchase price allocation included the following items: $4 million, patent; $3 million, trademark considered to have an indefinite useful life; and $5 million, goodwill. burger mania's policy is to amortize intangible assets with finite useful lives using the straight-line method, no residual value, and a five-year service life. what is the total amount of amortization expense that would appear in burger mania's income statement for the first year ended december 31 related to these items?

After successfully completing your corporate finance class, you feel the next challenge ahead is to serve on the board of directors of schenkel enterprises. unfortunately, you will be the only person voting for you. the company has 375,000 shares outstanding, and the stock currently sells for $40, if there are four seats in the current election, how much will it cost you to buy a seat?

Carlton industries is considering a new project that they plan to price at $74.00 per unit. the variable costs are estimated at $39.22 per unit and total fixed costs are estimated at $12,085. the initial investment required is $8,000 and the project has an estimated life of 4 years. the firm requires a return of 8 percent. ignore the effect of taxes. what is the degree of operating leverage at the financial break-even level of output?