On june 1, 20x5, jomax corporation had 60,000 shares of $10 par value common stock outstanding. on june 2, 20x5, jomax declared a 40 percent stock dividend to be distributed on july 5, 20x5, to shareholders of record on june 15, 20x5.
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Windows and More is reviewing a project with sales of 6,200 units, ±2 percent, at a sales price of $29, ±1 percent, per unit. The expected variable cost per unit is $11, ±3 percent, and the expected fixed costs are $87,000, ±1 percent.
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