Which four of the following are examples of peripheral devices?

Morgan Sondgeroth Inc. began operations in January 2018 and reported the following results for each of its 3 years of operations

stepan [7]

Answer:

Part A) Book Value = $1,080,000

Part B) Book Value = $1,050,000

Explanation:

Part 1: To compute the book value of the common stock at December 31, 2020

To do this, we consider both the preferred and common stock values as follows:

Stockholder's equity:

Preferred Stock = $500,000

Common stock = $750,000

Retained earnings: To calculate retained earnings we need to deduct dividends in arrears to prefered stock holders and then ascribe the remaining value to retained earnings.

Dividend in Arrears= 3 years @ 8% interest per year

= 500,000 x 0.08 x 3= $120,000

Remaining earnings for available to common share holders

= Retained earnings balance- dividend paid to prferred stock holders.

=$800,000 (net income for 2020)- $40,000 (net loss for 2019) - $260,000 (net loss for 2018)

= $800,000-$40,000-$260,000

= $500,000 - Dividend in arrears

= $500,000- $120,000

= $380,000

Book Value of Stockholders' equity

Common Stock equity + Balance of retained earnings

= $700,000 + $380,000

= $1,080,000

The book value per share = $1,080,000/ outstanding shares

= $1,080,000/750,000= $1.44

Part 2: To compute the book value of the common stock at December 31, 2020 Preference stock has liquidating value of $106 per share

Stockholder's equity:

Preferred Stock = $500,000

Preferred stock liquidating premium = (106-100) x 5000

= $6 x 5000= $30,000

Common stock = $750,000

Retained earnings: To calculate retained earnings we need to deduct dividends in arrears to prefered stock holders and then ascribe the remaining value to retained earnings.

Dividend in Arrears= 3 years @ 8% interest per year

= 500,000 x 0.08 x 3= $120,000

Remaining earnings for available to common share holders

= Retained earnings balance- net losses from previous years - dividend paid to prferred stock holders - liquadating premium to preferred stock

=$800,000 (net income for 2020)- $40,000 (net loss for 2019) - $260,000 (net loss for 2018)

= $800,000-$40,000-$260,000

= $500,000 - Dividend in arrears - liquidating

= $500,000- $120,000- $30,000

= $350,000

Book Value of Stockholders' equity

Common Stock equity + Balance of retained earnings

= $700,000 + $350,000

= $1,050,000

The book value per share = $1,080,000/ outstanding shares

= $1,050,000/750,000= $1.4

6 0

3 years ago

What is a significant factor in long-run economic growth that robert fogel, an economic historian, is best known for suggesting?

damaskus [11]

Robert Fogel is best known in suggesting for improvements in workers' health from better nutrition. Robert William Fogel is an economic historian who has awards in the Nobel Memorial Prize in economic sciences and another award in Bancoff prize. Fogel's work are the following: Railroads and American Economic Growth, Which roads to the past?, and the slavery debates.

5 0

3 years ago

Most of the financial information about an organization is based on information generated from accounting records. The reports a

Bond [772]

Answer: (D)

Explanation: Reports and financial statements prepared by accountants are useful tools to evaluate an organisation's liquidity,solvency and stability. It helps the general public and other stakeholders to get the required data and information needed for decision making.

The inflationary trends shows the relationship between demand and supply in an economy which will help management to implement the necessary steps that will enhance it's operations.

The balance of trade between 2 countries provides necessary details for decision makers on when and how to improve or manage exports and imports.

8 0

2 years ago

Green Care Landscaping Company minimizes attention to a price increase by selling lawn care treatments to a subsidiary, Keep It

Len [333]

Answer:

The correct answer is B. indirect blindness.

Explanation:

Blindness is lack of vision. It can also refer to vision loss that cannot be corrected with conventional lenses or with contact lenses.

Partial blindness means that you have very limited vision.

Complete blindness means that you cannot see anything and DO NOT see the light. (Most people who use the term "blindness" mean complete blindness.)

People with less than 20/200 vision with glasses or contact lenses are considered legally blind in most states in the United States.

Vision loss refers to partial or complete loss of vision. Such loss of vision can happen suddenly or over time.

4 0

2 years ago

High income countries are classified as having a gdp per capita that is greater than ________

fredd [130]

Answer:

greater than : $12376 US dollars

Explanation:

According to the World Bank report of 2018 made by using Atlas method, a country with a Gross Capital Income greater than US $12376 is considered as Higher Income Economy country. According to this report there are more than 100 countries which have High Income Economy. Most of the countries comes under this are the members of the United Nations. There are also non UN member countries which reported under this.

3 0

3 years ago