On december 31 of the current year, pilozzi company has the following information available:
common stock $5 million
additional paidminusin capital $4 million
retained earnings $1 million
cash $1 million
investment in trading securities $50,000

on december 31 of the current year, can the board of directors declare and pay a cash dividend of $ 2 million?

This exercise illustrates that poor quality can affect schedules and costs. a manufacturing process has 130 customer orders to fill. each order requires one component part that is purchased from a supplier. however, typically, 3% of the components are identified as defective, and the components can be assumed to be independent. (a) if the manufacturer stocks 130 components, what is the probability that the 130 orders can be filled without reordering components? (b) if the manufacturer stocks 132 components, what is the probability that the 130 orders can be filled without reordering components? (c) if the manufacturer stocks 135 components, what is the probability that the 130 orders can be filled without reordering components?