Answer:
Razor Corporation
The annual dividend to the preferred stockholders is:
= $8 per share
Explanation:
a) Data and Calculations:
Cost of preferred stock = 8%
Selling price per preferred stock = $100
Annual dividend to the preferred stock = $100 * 8% = $8 per share
b) The $8 per share annual dividend of Razor's preferred stock dividend is computed by applying the fixed percentage to the preferred stock's total par value. In the above case, it is assumed that the par value or nominal value of the stock is $100. The cost of selling or issuing the stock is not factored when calculating the dividend.
Answer:
Record the cash collection on September 9
Bank $6,100 (debit)
Bad Debt $6,100 (credit)
Explanation:
<em>When Barnes writes off a customer account on May 7</em>
Bad Debts $6,100 (debit)
Account Receivable $6,100 (credit)
<em>When the customer unexpectedly pays the $6,100 balance on September 9</em>
Bank $6,100 (debit)
Bad Debt $6,100 (credit)
Recognise the Assets of Cash Flowing in the entity and De-recognise the Bad Debts expense account.
Answer:
communications
Explanation:
Based on the information provided within the question it can be said that the owner's policy created a communications gap. This term refers to when a speaker relays a message but it is misunderstood by the receiver. Which is the case in this scenario even though the employees where stated to say that the item will arrive next week.
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Answer:
$205,150 is the total of the both sides of the adjusted trial balance.
Worksheet with proper working has been attached.
Explanation:
<u>Transaction a:
</u>
Debit: Supplies expense $4,850
Credit: Supplies $4,850
<u>Transaction b:
</u>
Debit: Insurance expense $1,625
Credit: Prepaid insurance $1,625
Tip: Insurance that is expired is removed from prepaid insurance and debited to the insurance expense.
<u>Transaction c</u>
Debit: depreciation expense $1,400
Credit: accumulated depreciation $1,400
Answer:
$18,117.58
Explanation:
the question requires that we find the minimum price Hank would need to receive his first car.
loan = $28,000
rate = 0.08/12 = 0.0067
the monthly payment can be calculated as:
loan /[0.0067/1-(1/(0.0067)^60))]
= 28000/[1-1/(1.0067^60)/0.0067]
= 28000/(1-(1/1.0067)^60)/0.0067
= $567.74
The minimum price can be calculated as:
pmt = 567.74 x [(1-(1/1.0067^36))/0.0067) x 0.0067
= $18,117.58