Answer:
The dividend payable to the cumulative preferred stock holers in 2021 is $11,550 while the amount payable to common stock holders is $1,450.
Explanation:
Cumulative preferred stock dividends accrue and becomes payable when the reporting entity has favourable cash flows. Rachael Designs plans to make payment of $13,000 dividends in 2021. As the annual cumulative preferred dividend is $3,850 (1,100 shares x $50 x 7%), the amount due over three years will be $3,850 x 3 whcih is $11,550. Thus, out of the proposed cash outflow of $13,000, the amount of $11,550 will be paid to cumulative preferred stock holders while only $1,450 will be paid to the common stock holders.
Answer:
The amount to save now is = $862.03 (to 2 decimal places)
Explanation:
In order to solve this, we will compute the end-of-year amounts using the 5% increase each year. This is done as follows:
Year 1 ending = $200
Year 2:
Year 2 beginning price = $200
Note that 5% increase = 5/100 = 0.05
increase in year 2 = 5% of 200 = 0.05 × 200 = 10
Year 2 new price = 200 + 10 = $210
Year 3:
beginning price = $210
increase in year 3 = 0.05 × 210 = $10.5
Year 3 new price = 210 + 10.5 = $220.5
Year 4
beginning price = $220.5
interest in year 4 = 0.05 × 220.5 = 11.025
new price in year 4 = 220.5 + 11.025 = $231.525
Next to calculate the amount needed to pay for one travel ticket per year for the next four years, we will add the prices of the tickets each year as follows:
Total amounts needed = 200 +210 + 220.50 + 231.53 = $862.03
Answer:
the correct answer is C. A trading or pricing structure that interferes with efficient buying and selling of securities.
Explanation:
Solution :
a).<u> Amount to be recorded on the books for each of the assets.</u>
Working Allocated cost($)
Land (639,300 / 716,016 )x 136,043 121467
Building (639,300 / 716,016 )x 179,004 159825
Furniture (639,300 / 716,016 )x 400,969 358008
Total 639,300
b). <u>Statement model</u>
Assets : Cash + Land + Building + Furniture
639,300 + 121,467 + 159825 + 358008
Cash flow = 639,300
c). <u>Journal entry</u>
General journal Debit($) Credit($)
Land 121,467
Building 159,825
Furniture 358,008
Cash 639,300