Answer and Explanation:
1. The preferred stock is non-cumulative, and in previous years, the company has not skipped any dividends.
Dividend paid to preferred shareholders = Shares × Par value preferred stock × Shares percentage
= 3300 × $103 × 7%
= $23,793
Dividend paid to common shareholders = Cash dividend - Dividend paid to preferred shareholders
= $123,500 - $23,793
= $99,707
2. The preferred stock is non-cumulative, and in both of the two previous years, the company did not pay a dividend.
Dividend paid to preferred shareholders = Shares × Par value preferred stock × Shares percentage
= 3300 × $103 × 7%
= $23,793
Dividend paid to common shareholders = Cash dividend - Dividend paid to preferred shareholders
= $123,500 - $23,793
= $99,707
3. The preferred stock is cumulative, and in both of the two previous years the company did not pay a dividend.
Dividend paid to preferred shareholders = Shares × Par value preferred stock × Shares percentage × Number of years
= 3,300 × $103 × 7% × 3
= $71,379
Dividend paid to common shareholders = Cash dividend - Dividend paid to preferred shareholders
= $123,500 - $71,379
= $52,121
Answer:
The closest answer is 49.
Explanation:
Given that,
Annual demand, D = 43,000 units
Ordering cost, O = $200
Per unit cost of the item = $50
Annual holding cost, H = annual holding rate × Per unit cost of the item
= 35% × $50
= $17.5
= 991.39
= 992 units
Therefore,
Number of orders per year = Annual demand ÷ EOQ
= 43,000 ÷ 992
= 43.34
Hence, the closest answer is 49 and this is not given in the question.
<span>this phenomenon is an example of a Social factor
in marketing term, social factor is everything that could change people's lifestyle.
As people move toward luxurious lifestyle, they tend to care less about the high price for the product, and care more about the quality, authenticity, and the rarity of the product, so the marketing strategy need to be altered to target these characteristics</span>
Considering the 47% APR which is compounded daily, after 9 months or 275 days Marina should pay $925.98 to pay off her loan.
Answer:
a.
Date Account Details Debit Credit
Cash $27,000
Common Stock $27,000
b.
Date Account Details Debit Credit
Land $9,000
Notes Payable $9,000
c.
Date Account Details Debit Credit
Vehicles $18,000
Cash $2,000
Notes Payable $16,000
d.
Date Account Details Debit Credit
Vehicles $800
Cash $800
e. This does not require a journal entry as it is a personal transaction.
