Answer:
The divided for common stockholders is $152000
Explanation:
The preferred stock is cumulative whch means any arrears in preference dividend will be paid whenever the dividend is declared.
The amount of yearly preference dividends is = 12000 * 100 * 0.07 = 84000
Thus, when 320000 cash dividend is declared, 2 years ( current year and arrear year) preference dividend will be paid first and the remaining will be distributed among common stock holders.
The dividedn for common stockholders is 320000 - (84000 * 2) = $152000
Answer:
SIMON COMPANY'S YEAR END BALANCE SHEET
AT DECEMBER 31 Current 1 yr ago 2 yrs ago
cash 6.1% 8.1% 9.90%
Accounts receivables 16.6% 14.1% 13.2%
inventory 21.5% 18.9% 14.6%
prepaid expense 1.8% 2.1% 1.1%
plant asset 54.0% 56.8% 61.2%
Total Asset 100.0% 100.0% 100.0%
Liabilities and Equity
Accounts payable 24.4% 17.1% 13.2%
Notes payable 18.6% 23.0% 22.5%
common stock 28.5% 33.1% 40.5%
Retained earnings 28.5% 26.9% 23.8%
total 100.0% 100.0% 100.0%
2) The change in % of accounts receivables is unfavorable because this means that our Debtors are not paying instead are continuing to buy on credit and that our collection methods are weak and ineffective.
3) The % change in inventory is unfavorable because it means we are selling less stock as years goes by and that we are buying more than we are selling.
Explanation:
Answer:
7.1%
Explanation:
Purple martin has an annual sales of $687,400
The total debt is $210,000
Total equity is $365,000
Profit margin is 5.9%
= 5.9/100
= 0.059
The first step is to calculate the net income
Net income= sales×profit margin
= $687,400×0.059
= $40,556.6
The next step is to calculate the total assets
Total assets= Total debt+Total equity
= $210,000+$365,000
= $575,000
Therefore, the return on assets can be calculated as follows
ROA= Net income/Total assets
= 40,556.6/575,000
= 0.0705×100
= 7.1%
Hence the return on assets is 7.1%
Answer: Year-end function planning with my tips
Involve management in the arrangements.
Set the date.
Decide on a theme.
Get a venue.
Decide on food and be mindful of allergies, cultures, and eating habits.
Make personal and exciting online invitations.
Arrange for group shuttle services for safe transportation.
Always keep the budget in mind.
Explanation:
Done this before.