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nata0808 [166]
2 years ago
11

All new employees must first complete a six-week training program.

Business
1 answer:
fgiga [73]2 years ago
7 0
Yes they should because it takes time to learn new things at a new job
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Skinner Company began business on June 30, 2018. At that time, it issued 18,000 shares of $50 par value, 6% cumulative preferred
Stella [2.4K]

Answer:

2018

Preferred Dividend = $54,000

Common Stockholders = $9,000

2019

Preferred Dividend arrears =$54,000

Common Stockholders = $0

2020

Preferred Dividend = $54,000

Common Stockholders = $270,000

Explanation:

Preferred stockholders has an advantage that they are paid first when there is any dividend is announced. The residual dividend will be divided into the common stockholders. Any prior years due dividend and current years dividend associated with preferred share will be paid first.

As per given data

Preferred shares = 18,000 x $50 = $900,000

Preferred Dividend = $900,000 x 6% = $54,000

2018

Dividend Declared = $63,000

Dividend Allocated to Common Stockholders = Dividend Declared - Preferred Dividend = $63,000 - $54,000 = $9,000

2019

Dividend Declared = $0

Preferred Dividend Arrears = $54,000

2020

Dividend Declared = $378,000

Preferred Dividend Arrears = $54,000

Dividend Allocated to Common Stockholders = Dividend Declared - Preferred Dividend - Preferred Dividend Arrears = $378,000 - $54,000 - $54,000 = $270,000

3 0
2 years ago
You are given the following information for Lightning Power Co. Assume the company’s tax rate is 24 percent. Debt: 19,000 6.8 pe
diamong [38]

Answer:

Company's WACC is 9.6%

Explanation:

WACC is the average cost of capital of the firm based on the weightage of the debt and weightage of the equity multiplied to their respective costs.

Formula for WACC

Weighted Average Cost of Capital = (Cost of Equity x Weightage of equity) + (Cost of preferred Stock x Weightage of preferred Stock ) + (Cost of Debt (1 -t) x Weightage of Debt)

Market Values

Equity = 520,000 x $70 = $36,400,000

Preferred = 23,000 x $91 = $2,093,000

Debt  = $1,110 x 19,000 = $21,090,000

Total Value = $36,400,000 + $2,093,000 + $21,090,000 = $59,583,000

Cost of Equity :

We can calculate cost of equity using CAPM

Capital asset pricing model measure the expected return on an asset or investment. it is used to make decision for addition of specific investment in a well diversified portfolio.

Formula for CAPM

Cost of Equity = Risk free rate + beta ( market return - risk free rate )

Cost of Equity = Rf + β ( Rm - Rf )

Cost of Equity = 5.5% + 1.21 ( 6% )

Cost of Equity = 12.76%

Cost of Preferred stock = 4.6%

We need to calculate the yield to maturity

Yield to maturity = [ C + ( F - P ) / n ] / [ (F + P ) / 2 ]

Placing value in the formula

Yield to maturity = [ 34 + ( $1,000 - $1,110 ) / 48 ] / [ ( $1,000 + $1,110 ) / 2 ]

Yield to maturity = 3% semiannually = 6% annually

Placing values in the formula

Weighted Average Cost of Capital = (12.76% x $36,400,000 / $59,583,000 ) + ( 4.6% x $2,093,000 / $59,583,000 ) + (6% (1 - 0.24 ) x $21,090,000 / $59,583,000 )

Weighted Average Cost of Capital = 7.80% + 0.16% + 1.61% = 9.57%

7 0
3 years ago
MacKenzie Company sold $620 of merchandise to a customer who used a Regional Bank credit card. Regional Bank deducts a 5.0% serv
amid [387]

Answer:

DR Cash $589  

DR Credit Card expense $31

CR Sales  $620

<em>(To record sales via credit card)</em>

<u>Working</u>

Cash

= 620 * ( 1 - 5%)

= $589

Credit Card Expense

= 620 * 5%

= $31

4 0
3 years ago
Easywriter manufactures an erasable ballpoint pen, which sells for $1.75 per unit. management recently finished analyzing the re
maxonik [38]

a. 50 cents

Contribution margin per unit is price per unit- variable cost per unit

1.75 - ($50,000/40,000 units)

1.75 - 1.25 = $ .50

b. $8750

Margin of safety is the expected sales - break even sales

(45,000 units * $1.75 per unit) - (40,000 *1.75)

78,750 - 70,000 = $8750

6 0
3 years ago
Owns taxi (automobile) worth $1,315 A. Asset C. Both B. Liability D. Neither
lys-0071 [83]
A automobile would be a asset

5 0
3 years ago
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