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The normal selling price of our product is $42 per unit. The costs of production are direct materials, $8; direct labor, $6; variable overhead, $7; and fixed overhead, $4 (based on normal capacity) . The company has received a special order for 11,900 units at a unit sales price of $23. There is ample unused capacity to fill the order and $1 per unit will be incurred for additional freight costs. If the order is accepted, operating income will
Stated Value
The nominal value assigned to no-par stock by the issuing company's board of directors.
Working Capital
The difference between a company's current assets and current liabilities, indicating short-term financial health and operational efficiency.
No-par Stock
Stock issued without a par value specified in the corporate charter or on the stock certificate.
Minimum Legal Capital
The least amount of capital that a company is required to maintain by law, to protect creditors from the company's liabilities.
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