On January 15, 2014, Julliard Corp. purchased 150,000 shares…

On January 15, 2014, Julliard Corp. purchased 150,000 shares of Yale Inc. directly from one of the founders for a price of $30 per share. Yale has 600,000 shares outstanding, including the Julliard shares.  On July 5, 2014, Yale paid $350,000 in total dividends to its shareholders. On December 31, 2014, Yale reported a net income of $875,000 for the year. Julliard uses the equity method in accounting for its investment in Yale. what was the purchase price Julliard paid for Yale?

Peggy Shoemaker receives an hourly wage rate of $35, with ti…

Peggy Shoemaker receives an hourly wage rate of $35, with time and a half for all hours worked in excess of 40 hours during a week. Payroll data for the current week are as follows: hours worked, 43; federal income tax withheld, $350; social security tax rate, 6.0%; and Medicare tax rate, 1.5%.  What is the gross pay for Peggy?