Roberto Designers was organized on January 1, 2021. The firm was authorized to issue 200,000 shares of $5 par value common stock. During 2021, Roberto had the following transactions relating to stockholders' equity: Issued 20,000 shares of common stock at $7 per share. Issued 40,000 shares of common stock at $8 per share. Reported a net income of $200,000. Paid dividends of $100,000. Purchased 4,000 shares of treasury stock at $10 (part of the 40,000 shares issued at $8). What is total stockholders' equity at the end of 2021?

True or false: banks are required to make electronically deposited funds available on the same day of the deposit

Based on the supply and demand theory, why do medical doctors earn higher wages than child-care workers?

You are chairman of the board of a successful technology firm. there is a nominal federal corporate tax rate of 35 percent, yet the effective tax rate of the typical corporation is about 12.6%. your firm has been clever with use of transfer pricing and keeping money abroad and has barely paid any taxes over the last 5 years; during this same time period, profits were $28 billion. one member of the board feels that it is un-american to use various accounting strategies in order to avoid paying taxes. others feel that these are legal loopholes and corporations have a fiduciary responsibility to minimize taxes. one board member quoted what the ceo of exxon once said: “i’m not a u.s. company and i don’t make decisions based on what’s good for the u.s.” what are the alternatives? what are your recommendations? why do you recommend this course of action?