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3 years ago

which of the following most accurately describes the difference between common stock and preferred stock

1 answer:

5 0

The main difference is a preferred stock gives no voting rights to shareholders and a common stock does.
Preferred shareholders have priority over a company’s income.

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a company recorded an event that had no affect on total assets, net income, or cash flow. this could have been caused by ______.

NemiM [27]

This action could have been caused by writing off an uncollectible account.

A write-off can be described as the removal of an accounts receivable that cannot be collected which was put in the general ledger.

If an account is uncollectible, then it means that the amount that would not be collected would be eliminated. It also means that a previous allowance balance is going to get reduced.

3 0

3 years ago

Clampett, Incorporated, has been an S corporation since its inception. On July 15, 2021, Clampett, Incorporated, distributed $50

statuscvo [17]

Answer:the total amount of income J.D. recognizes related to Clampett, Incorporated, in 2021 =$5,000

Explanation:

Income of J.D related to Clampett = Ordinary income + Capital gain

Given that Basis distribution = $50,000

Basis stock = $45,000

Ordinary income = $10,000

But Capital gain = Basis distribution -( Basis stock + Ordinary income)

Capital gain = $50,000 - ($45,000 +$10,000)

Capital gain = $50,000 - $55,000

Capital gain = = - $5,000

Therefore J.D. income related to Clampett = Ordinary income + Capital gain =$10,000 +(- $5,000)

=$10,000 - $5,000

=$5,000

7 0

2 years ago

Splashdown Corporation manufactures water toys. It plans to grow by producing highminusquality water slides at a low cost that a

Ket [755]

Answer:

D. number of process improvements.

Explanation:

The balance score card is the score card which demonstrates the level of performance through which the organisation will be able to take the correct actions, decisions.

As in the given situation, the company wants to increase its sales so for that the company should improves its number of processes which results in the innovation made by the company that represented the different product as compare with the competitors

5 0

3 years ago

You have $106,000 to invest in a portfolio containing Stock X and Stock Y. Your goal is to create a portfolio that has an expect

Helga [31]

Answer: ER(P) = ERX(WX) + ERY(WY)

16 = 13(1-WY) + 9(WY)

16 = 13 - 13WY + 9WY

16 = 13 - 4WY

4WY = 13-16

4WY = -3

WY = -3/4

WY = -0.75

WX = 1 - WY

WX = 1 - (-0.75)

WX = 1 + 0.75

WX = 1.75

The amount to be invested in stock Y = -0.75 x $106,000

= -$79,500

The Beta of the portfolio could be calculated using the formula:

BP = BX(WX) + BY(WY)

BP = 1.14(1.75) + 0.84(-0.75)

BP = 1.995 - 0.63

BP = 1.365

Explanation: The expected return of the portfolio is equal to expected return of stock X multiplied by the weight of stock X plus the expected return of stock Y multiplied by weight of security Y. The weight of security Y is -0.75. The weight of security X is equal to 1 - weight of security Y. Thus, the weight of security X is 1.75 since the weight of security Y is negative. The amount to be invested in security Y is -0.75 x $106,000, which is equal to -$79,500

The Beta of the portfolio equals Beta of stock X multiplied by weight of stock X plus the Beta of stock Y multiplied by weight of stock Y. The weights of the two stocks have been obtained earlier. Therefore, the Beta of the portfolio is 1.365.

6 0

3 years ago

You own a shoe store with a merchandise book value of $178,000. You conduct a physical inventory and find the value to be $169,0

lozanna [386]

Answer:

1.89%

Explanation:

The book value of the merchandise is $178,000

Physical inventory reveals stock is worth $169,000

The shrinkage = $178,000 - $169,000

=$9000

As a percentage of sales, the shrinkage will be

=$9000/$476,000 x 100

=0.0189076 x 100

=1.89%

6 0

3 years ago