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3 years ago

9

Cork inc. declared a $160,000 cash dividend. it currently has 6,000 shares of 6%, $100 par value cumulative preferred stock outs

tanding. it is one year in arrears on its preferred stock. how much cash will cork distribute to the common stockholders?

1 answer:

BaLLatris [955]3 years ago

3 0

Cork has to pay preferreds first. Owe 6000 x 6 or 36,000 to preferred holders. So 160k - 36k = $124k left for common.

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ICE Princess25 [194]

Answer:

Ending inventory is <u>$24,917</u>.

Explanation:

Lower-of-cost-or-net realizable value method implies that whichever is lower between the cost per unit and the net realizable value per unit is used to value the ending inventory of an item.

The ending inventory can therefore be determined as follows:

<u>For Cameras:</u>

Units = 113

Cost per unit = $61

net realizable value per unit = $74

We choose cost per unit since it is lower and we have:

Cameras ending inventory = 113 * $61 = $6,893

<u>For Blu-ray players:</u>

Units = 153

Cost per unit = $77

net realizable value per unit = $50

We choose net realizable value per unit since it is lower and we have:

Blu-ray players ending inventory = 153 * $50 = $7,650

<u>For iPods:</u>

Units = 133

Cost per unit = $86

net realizable value per unit = $78

We choose net realizable value per unit since it is lower and we have:

iPods ending inventory = 133 * $78 = $10,374

<u>Calculation of ending inventory:</u>

Ending inventory = Cameras ending inventory + Blu-ray players ending inventory + iPods ending inventory = $6,893 + $7,650 + $10,374 = $24,917

8 0

2 years ago

is the set of guidelines issued by the Equal Employment Opportunity Commission (EEOC) and other agencies to identify how an orga

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<h2>Uniform Guidelines on Employee Selection Procedure</h2>

Explanation:

This procedure is used to make

employee decision
including interviews
work samples
physical requirement
evaluation of performance
review experience from application form

These set of procedures are designed so that the nation's goal is achieved. Any employment opportunity should be given irrespective of colour, race, sex, religion, etc.

These are designed to help / support,

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3 years ago

Breonna Corporation leases equipment from Falls Company on January 1, 2020. The lease agreement does not transfer ownership, con

maksim [4K]

Answer:

$35,000

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Depreciation expense per year under the straight line method = asset cost / useful life = $280,000 / 8 years = $35,000

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3 years ago

In the perfectly competitive gadget industry there are 10 firms with identical costs given by C = 500 + 20q + q2, none of which

IgorC [24]

Answer:

The explanation is below

Explanation:

A. Shutdown point is achieved when price equal AVC. when price lowers than the AVC, firm shutdown.

VC = q^2

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So,

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Industry supply curve = 200+20Q

It shows that MC curve above the shutdown point is supply curve.

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3 years ago

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Learn more about Stocks from

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3 years ago