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Anuta_ua [19.1K]
3 years ago
8

Skinner Company began business on June 30, 2018. At that time, it issued 18,000 shares of $50 par value, 6% cumulative preferred

stock and 90,000 shares of $10 par value common stock. Through the end of 2020, there has been no change in the number of preferred and common shares outstanding. a. Assume that Skinner declared and paid cash dividends of $63,000 in 2018, $0 in 2019, and $378,000 in 2020. Compute the total cash dividends and the dividends per share paid to each class of stock in 2018, 2019, and 2020
Business
1 answer:
Stella [2.4K]3 years ago
3 0

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

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Llana [10]

Answer:

unplanned inventory accumulation equals -$200 billion.

Explanation:

As we know that

Unplanned inventory equals to

= Real GDP - aggregate expenditures

= 600 billion - 800 billion

= -$200 billion

It shows a difference between the real GDP and the aggregate expenditure

Since the real GDP is less than the aggregate expenditure, so the unplanned inventory should come in negative amount else it comes in a positive amount

4 0
3 years ago
mark and kate are establsihing a fund for their son's college education. what lump sum must they deposit in an account that give
Elan Coil [88]

Answer:

$51,608.69

Explanation:

Given that

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Time period = 10 years

So by considering the above information, the Present value is

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where,

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Time period = 10 years × 12 months = 120 months

Now the present value is

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8 0
3 years ago
Who, along with her daughter caroline and others, stitched the original stars and stripes that inspired the words, that were put
Damm [24]
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3 years ago
Motorola used the normal distribution to determine the probability of defects and the number of defects expected in a production
iVinArrow [24]

<u>Answer:</u>Probability of defect=0.617

<u>Explanation:</u>

Given

Mean ∑= 6

Standard deviation σ = 0.20

The standardized scores can be assumed as value <em>x </em>which has to reduced by mean value and divided by standard deviation.

<em>z= (x - </em>∑)/ σ

=(5.9-6)/0.20

=-0.5

<em>z= (x - </em>∑)/ σ

=(6.1-6)/0.20

=0.5

Calculation of probability of defect

<em>P(x≤5.9 or x ≥6.1)</em>

=<em>P(x≤-0.5 or x ≥0.5)</em>

<em>=2p(x≤-0.5)</em>

=2(0.3085)

Probability of defect=0.617

To find the number of units of defect the manfucturing units have to be multiplied with the probability value.

<em />

5 0
3 years ago
What is evolution of finance?​
aleksandrvk [35]

Answer: The Evolution of Finance. ... At the core financial institutions all do the same two things: first, they gather assets, and second, they invest those assets. Commercial banks take deposits and make loans. Investment banks identify pools of capital and issue securities. Asset managers take savings and invest those savings.

Explanation:

3 0
3 years ago
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