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laiz [17]
3 years ago
5

When crossett corporation was organized in january 2018, it immediately issued 4,000 shares of $50 par, 6 percent, cumulative pr

eferred stock and 50,000 shares of $20 par common stock. its earnings history is as follows: 2018, net loss of $35,000; 2019, net income of $125,000; 2020, net income of $215,000. the corporation did not pay a dividend in 2018?
Business
2 answers:
Leona [35]3 years ago
4 0

Answer:

No, the Crossett Corporation cannot pay a dividend for 2018.

Explanation:

A corporation can only distribute dividends when it makes a profit or if it has profit reserves held under retained earnings account.

Since Crossett Corporation was recently organized in 2018, it had no retained earnings, and since it did not make a profit during that year, it cannot pay dividends for 2018.

Vitek1552 [10]3 years ago
3 0

Answer: No, the corporation did not pay a dividend in 2018.

Explanation: The company would not have paid a dividend in 2018 because they had a net loss. Dividends are the profit of the corporation being divided amongst the owners (shareholders). Since there was no profit there would not be dividends.

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This clause found in a mortgage ensures that the borrower will maintain clear title on the property in the event the bank is for
vovikov84 [41]

Answer: Marketable title clause

Explanation:

Marketable title clause is a clause that is found in a mortgage which ensures that the borrower will maintain clear title on the property in the event the bank is forced to foreclose.

A marketable title is a title that can be given to a new owner and it should be noted that there's no likelihood that another party will make claims on it.

4 0
3 years ago
Patterson Corporation began the year with retained earnings of $325,000. During the year, the company issued $500,000 of common
timofeeve [1]

Answer:

$1,615,000

Explanation:

total revenue for the year can be calculated by adding retained earnings (at end of the year) + distributed dividends + total expenses - retained earnings (at the beginning of the year)

total revenue = $350,000 + $90,000 + $1,500,000 - $325,000 = $1,615,000

7 0
3 years ago
The government offers a subsidy of $5 per unit that increases the profit-maximizing quantity to 200 units. What will the total c
mars1129 [50]

Answer:

An apple, potato, and onion all taste the same if you eat them with your nose plugged

Explanation:

7 0
3 years ago
A nonprobability sampling technique in which an initial group of respondents is selected and subsequent respondents are selected
MrRissso [65]

Answer: snowball sampling

Explanation:

Snowball sampling is a nonprobability sampling technique in which an initial group of respondents is selected and subsequent respondents are selected based on the referrals or information provided by the initial respondents.

It should be noted that in snowball sampling, after the respondents have been interviewed, theywould be told asked to help identify other people

that also belong to the target population.

6 0
3 years ago
How are most travel itineraries arranged?
bekas [8.4K]
Event by event so you know the schedule

4 0
3 years ago
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