Bridgeport Company had the following stockholders’ equity as of January 1, 2017.Common stock, $5 par value, 18,400 shares issued $92,000Paid-in capital in excess of par—common stock 295,000Retained earnings 313,000Total stockholders’ equity $700,000Bridgeport repurchased 1,900 shares of treasury stock at a price of $18 per share. Mar. 1 810 shares of treasury stock repurchased above were reissued at $16 per share. Mar. 18 470 shares of treasury stock repurchased above were reissued at $14 per share. Apr. 22 550 shares of treasury stock repurchased above were reissued at $19 per share. Required:a. Prepare the journal entries to record the treasury stock transactions in 2017, assuming Swifty uses the cost method. b. Prepare the stockholders’ equity section as of April 30, 2017. Net income for the first 4 months of 2017 was $140,400.

Harwood company uses a job-order costing system that applies overhead cost to jobs on the basis of machine-hours. the company's predetermined overhead rate of $2.50 per machine-hour was based on a cost formula that estimates $240,000 of total manufacturing overhead for an estimated activity level of 96,000 machine-hours. required: 1. assume that during the year the company works only 91,000 machine-hours and incurs the following costs in the manufacturing overhead and work in process accounts: compute the amount of overhead cost that would be applied to work in process for the year and make the entry in your t-accounts. 2a. compute the amount of underapplied or overapplied overhead for the year and show the balance in your manufacturing overhead t-account. 2b. prepare a journal entry to close the company's underapplied or overapplied overhead to cost of goods sold.

Turrubiates corporation makes a product that uses a material with the following standards standard quantity 8.0 liters per unit standard price $2.50 per liter standard cost $20.00 per unit the company budgeted for production of 3,800 units in april, but actual production was 3,900 units. the company used 32,000 liters of direct material to produce this output. the company purchased 20,100 liters of the direct material at $2.6 per liter. the direct materials purchases variance is computed when the materials are purchased. the materials quantity variance for april is:

Consider the following information on stocks a, b, c and their returns (in decimals) in each state: state prob. of state a b c boom 20% 0.27 0.22 0.16 good 45% 0.16 0.09 0.07 poor 25% 0.03 0 0.03 bust 10% -0.08 -0.04 -0.02 if your portfolio is invested 25% in a, 40% in b, and 35% in c, what is the standard deviation of the portfolio in percent? answer to two decimals, carry intermediate calcs. to at least four decimals.