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9966 [12]
4 years ago
6

Ultimate Sportswear has $100,000 of 8 noncumulative, nonparticipating, preferred stock outstanding. Ultimate Sportswear also has

$500,000 of common stock outstanding. In the company's first year of operation, no dividends were paid. During the second year, the company paid cash dividends of $30,000.
How should this dividend should be distributed ?
Business
1 answer:
andrew-mc [135]4 years ago
7 0

Answer:

Preferred dividend = $8,000

Common stock dividend = $22,000

Explanation:

The computation of dividend is shown below:-

Preferred dividend = Total shares × Total shares of Noncumulative, nonparticipating, preferred stock outstanding

= $100,000 × 0.08

= $8,000

Common stock dividend = Cash dividend - Preferred dividend

= $30,000 - 8,000

= $22,000

Therefore the Preferred dividend is $8,000 and Common stock dividend is $22,000

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The Terrence Co. manufactures two products, Baubles and Trinkets. The following are projections for the coming year: Baubles Tri
MAXImum [283]

Answer:

Bauble to be sold for break even = 5484

Explanation:

Sales Mixture = 16000 : 8000 =  2:1                  2            :         1  

                                                                             Bauble         Trinkets  

Selling Price P.u (16/16) : (16/8)                         =       1                    2

Variable Cost  (6400/16000) : ( 11520/16000)  =     (0.4)              (0.72)

Contribution margin Per unit (Sp-Vc)                =      0.6                1.28      

Com-posit Cm 2 baubles 1 trinkets                   = 0.6*2+1.28*1 =   2.48  

Fix Cost Total  =  3200+3600 = 6800

Break-Even units =  6800/2.48 = 2741

Baubles 2742*2  = 5484*0.6 = 3290.4

Trinkets 2742*1   = 2742*1.28 = 3509.7

5 0
3 years ago
Theoretically, a company comparing multiple projects with similar investment requirements and durations would select projects wi
Elden [556K]

Answer:

D.)

the highest IRR

Explanation:

Here are the options to the question :

A.)

the IRR that is closest to zero

B.)

a negative IRR

C.)

the lowest IRR

D.)

the highest IRR

IRR is a capital budgeting method.

Internal rate of return is the discount rate that equates the after-tax cash flows from an investment to the amount invested

The higher the IRR, the more profitable the project is.

In the absence of certain restrictions, the project with the highest IRR should be chosen

4 0
3 years ago
E7.5 (LO 2) (Recording Sales Gross and Net) On June 3, Arnold Company sold to Chester Company merchandise having a sale price of
Marina CMI [18]
I need a gf I am 13 and love fishing and dirt biking
3 0
3 years ago
Compulsory school attendance laws and the great expenditures for education both demonstrate our recognition of the importance of
Mashcka [7]

Answer:

a. True

Explanation:

A law can be defined as the system of principles, regulations and rules established by legislature, that is adopted in a community, society or country to regulate the actions of its citizens, members or employees.

The law is a tool used by individuals, organizations, and even government to ensure everybody is well behaved, non-criminal and civil in their actions.

The law creates the foundation for ethical behavior.

In circumstances where there are aberration, the law is enforced as a punishment and penalty.

Hence, compulsory school attendance laws and the great expenditures for education both demonstrate our recognition of the importance of education to our democratic society.

6 0
3 years ago
A customer service department has the following resolution response time data: Average Response Time First contact 0.25 hr. Serv
FinnZ [79.3K]

Answer: 8.6%

Explanation:

Based on the scenario that is given in the question, the formula for calculating Value-added ratio is:

= Value added time/Total resolution time

where,

Value added time = First contact + Service scheduling + Service

=0.25 + 0.50 + 1.50

= 2.25 hrs.

Value-added ratio will now be:

= 2.25 / 26.25

= 0.086

= 8.6%

8 0
3 years ago
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