pre class balance sheet

It also hired a refrigera2on technician whose annual

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Unformatted text preview: drink cans. It makes a deposit of $400,000 on signing the contract. •  The company spends $2M for adver2sements that appeared during the past month: $500,000 to adver2se the Coca- Cola name and $1,500,000 for specific brand adver2sements, such as those for Diet Coke.   The company issues 50,000 shares of its common stock, valued on the market at $2.5 million, in the acquisi2on of all the outstanding stock of Corning Glass Company, a supplier of sof- drink bojles. •  The company spends $800,000 on educa2onal- assistance programs for its middle- level managers to obtain MBAs. Historically, 80 percent of the employees involved in the program receive their MBAs and remain with the company for 10 years or more. •  The company purchases a new refrigera2on for $1M and paid $50,000 to transport and install the unit. It also hired a refrige...
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This document was uploaded on 03/06/2014 for the course 15 15.502 at MIT.

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