Answer and Explanation:
The computation is shown below:
For preferred shareholders
The dividend is
= 12,300 shares × 4% × $100
= $49,200
For two years, it would be
= $49,200 × 2
= $98,400
And, the total cash dividend declared is $229,000
So, the cash distribute to common stockholder is
= $229,000 - $98,400
= $130,600
hence, the cash distribute to common stockholder is $130,600
It will hurt your credit on the long run
Answer:
the bad debt expense is $6,830
Explanation:
The computation of the bad debt expense is shown below:
= Estimated uncollectible amount + debit balance of allowance for doubtful accounts
= $6,300 + $530
= $6,830
Hence, the bad debt expense is $6,830
We simply added the above amount as it represent the bad debt amount
The same is to be considered
Answer:
In the following situation:
Reethika is in a meeting and has an important question. The only coworker who can answer the question is in a different meeting.
The only way Reethika can get the answer without disturbing either meeting is:
Sending a direct text message to her co-worker's cellphone.
Explanation:
First of all, she can't send someone to look for her because that would disturb both meetings. Also, if she calls her that is also going to disturb both meetings. The only way she has is to send an e-mail or an SMS to her co-worker. However, that depends on the effect people can take upon her. Nevertheless, text messages like e-mails, SMS, or direct messages don't have a high level of disturbance. Considering most people have their cellphones in silence mode.
