Indigo Corporation has outstanding 303,000 shares of $10 par value common stock. The corporation declares a 10% stock dividend when the fair value of the stock is $71 per share. Prepare the journal entries for Indigo Corporation for both the date of declaration and the date of distribution.

Until recently, hamburgers at the city sports arena cost $4.70 each. the food concessionaire sold an average of 13 comma 000 hamburgers on game night. when the price was raised to $5.40, hamburger sales dropped off to an average of 6 comma 000 per night. (a) assuming a linear demand curve, find the price of a hamburger that will maximize the nightly hamburger revenue. (b) if the concessionaire had fixed costs of $1 comma 500 per night and the variable cost is $0.60 per hamburger, find the price of a hamburger that will maximize the nightly hamburger profit.