Parent Company purchases 100 percent of Son Company on Janua…

Parent Company purchases 100 percent of Son Company on January 1, 20X1, when Parent’s retained earnings balance is $520,000 and Son’s is $150,000. During 20X1, Son reports $15,000 of net income. Parent reports $105,000 of separate operating earnings plus $15,000 of equity-method income from its 100 percent interest in Son; Parent declares dividends of $40,000.  Based on the preceding information, what is Parent’s post-closing retained earnings balance on December 31, 20X1?

You’re scouting for a client, and all their fields are on 36…

You’re scouting for a client, and all their fields are on 36-inch rows. You figure it’ll be easiest to use the 1/1000th acre method. How many row-feet do you need to count in order to multiply your answer by 1000 to get the proper stand count in plants/acre? Report your answer in decimal feet to one decimal place (e.g. 6.3 ft).