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Garret Company provided the following information for the year ended December 31, 2016: - Cash collected from customers: $790,000. - Cash received from stockholders for common stock: $90,000. - Cash paid to suppliers: $380,000. - Cash paid to employees: $220,000. - Cash paid to stockholders for dividends: $54,000. - Cash received from sale of a building: $300,000. - Cash paid for store rent: $40,000. - Cash received for interest and dividends: $6,000. - Cash paid for income taxes: $45,000. Based on this information, we need to determine Garret's cash flow from operating activities.

The following information is from Elite Mfg. Co.'s perpetual inventory system for the month ending August 31: - Purchases of direct materials: $60,000 - Direct materials used: $50,000 - Direct labor costs assigned to production: $25,000 - Manufacturing overhead costs incurred and applied: $35,000 Inventory balances on August 31: - Materials: ? - Work in Process: $65,000 - Finished Goods: $60,000 Inventory balances on August 1: - Materials: $25,000 - Work in Process: $47,000 - Finished Goods: $43,000 The total inventory to be reported in Elite's August 31 balance sheet is:

During 2018, Mayfair Enterprises had the following securities outstanding: 1. 250,000 shares of common stock with an average market price of $25 per share. 2. 9.5% convertible preferred, which had been sold at its par value of $100. The preferred stock is convertible into three shares of common stock and 3,000 preferred shares are currently outstanding. During 2018, Mayfair Enterprises earned net income after income taxes of $3.2 million. Calculate the (a) basic earnings per share and (b) diluted earnings per share for Mayfair Enterprises for 2018.

Which economic question determines how a society will produce goods and services?

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