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3 years ago

_____ must verify in writing the accuracy of their corporation's financial statements.

1 answer:

3 0

Chief operating officers (COO) and chief financial officers (CFO) must verify in writing the accuracy of their corporation's financial statements.

Answer: D)

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The nations of Utopia and Paradise both produce popcorn and cola. They currently do not trade. Below are the Production Possibil

Nadya [2.5K]

Answer and explanation:

The following attached files

give a comprehensive breakdown of solutions

to the questions

5 0

3 years ago

Healthy Farmer, Inc. has 41 comma 000 shares of common stock outstanding and 5 comma 000 shares of preferred stock outstanding.

Tems11 [23]

Answer:

available for common stock holders 34,000

Explanation:

The common stock holders are being paid after the preferred stock.

So we must first calculate and subtract the preferred stock.

5,000 preferred stock x $100 par x 4% = 20,000

declared dividends 54,000

preferred dividends <u> (20,000) </u>

available for common stock holders 34,000

7 0

4 years ago

Yosemite Bike Corp. manufactures mountain bikes and distributes them through retail outlets in California, Oregon, and Washingto

boyakko [2]

Answer:

See the explanation below.

Explanation:

Note: Find attached the summary table.

Total annual dividend payable to cumulative preferred 2% stock = 25,000 * $80 * 2% = $40,000

For 20Y1

Dividend declared = $24,250

Total payable to cumulative preferred 2% stock = $24,250

Cumulative preferred stock per share = $24,250 / 25,000 = $0.97 per share

Total cumulative preferred carried forward = $40,000 - $24,250 = $15,750

Total dividend payable to common stock = $0

Common stock dividend per share = $0

For 20Y2

Dividend declared = $9,000

Total payable to cumulative preferred 2% stock = $9,000

Cumulative preferred stock per share = $9,000 / 25,000 = $0.36 per share

Total cumulative preferred carried forward = $40,000 - $9,000 + $15,750 = $46,750

Total dividend payable to common stock = $0

Common stock dividend per share = $0

For 20Y3

Dividend declared = $106,750

Total payable to cumulative preferred 2% stock = $40,000 + $46,750 = $86,750

Cumulative preferred stock per share = $86,750 / 25,000 = $3.47 per share

Total dividend payable to common stock = $106,750 - $86,750 = $20,000

Common stock dividend per share = $20,000 / 100,000 = $0.20 per share

For 20Y4

Dividend declared = $95,000

Total payable to cumulative preferred 2% stock = $40,000

Cumulative preferred stock per share = $40,000 / 25,000 = $1.60 per share

Total dividend payable to common stock = $95,000 - $40,000 = $55,000

Common stock dividend per share = $55,000 / 100,000 = $0.55 per share

For 20Y5

Dividend declared = $110,000

Total payable to cumulative preferred 2% stock = $40,000

Cumulative preferred stock per share = $40,000 / 25,000 = $1.60 per share

Total dividend payable to common stock = $110,000 - $40,000 = $70,000

Common stock dividend per share = $70,000 / 100,000 = $0.70 per share

For 20Y6

Dividend declared = $165,000

Total payable to cumulative preferred 2% stock = $40,000

Cumulative preferred stock per share = $40,000 / 25,000 = $1.60 per share

Total dividend payable to common stock = $165,000 - $40,000 = $125,000

Common stock dividend per share = $125,000 / 100,000 = $1.25 per share

Download xlsx

5 0

3 years ago

A bank offers 8.00% on savings accounts. What is the effective annual rate if interest is compounded semi-annually?Percentage Ro

Alex_Xolod [135]

Answer:

Effective Annual Rate = 8.1600%

Explanation:

The effective annual rate the interest rate that is adjusted for compounding over a given period of time. It is given by the formula:

$r = (1+\frac{i}{n})^n -1\\where:\\r = effective\ annual\ rate\\i = nominal\ interest\ rate\ = 8.00\% = 0.08 \\n = number\ of\ compounding\ periods\ per\ year\ = 2\ (semi-annually)$