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pentagon [3]
3 years ago
11

Corporation includes $200,000 of $1 par common stock and $400,000 par of 6% cumulative preferred stock. The board of directors o

f Ga Corporation declared cash dividends of $50,000 in 2021 after paying $20,000 cash dividends in each of 2020 and 2019. What is the amount of dividends common shareholders will receive in 2021?
Business
1 answer:
vlabodo [156]3 years ago
4 0

Answer:

The amount of dividends paid to common stockholders in 2021 $18000.

Explanation:

The cumulative preferred stock is the stock that accumulates dividends when the dividends are partially or not paid at all in a certain year. The dividends must be paid in the future.

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

The preferred stock dividend per year = 400000 * 0.06 = $24000 per year

As the cash dividends paid in 2019 and 2020 are $20000 each,

The dividend outstanding on preferred stocks for 2019 is = 24000 - 20000 = $4000

Similarly, the dividends outstanding on preferred stocks for 2020 is = 24000 - 20000 = $4000

The total dividends outstanding at start of 2021 = 4000 + 4000 = $8000

Preferred dividend for 2021 = 24000

Total dividend on preferred stock = 24000 + 8000 = $32000

The amount of dividends that common stock holders will receive in 2021 = 50000 - 32000 = $18000

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Answer:

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4 0
3 years ago
What is the ending balance on the statement of changes in owner's equity for this data?
creativ13 [48]

The Owner's Equity statement illustrates the capital account changes due to contributions, withdrawals, net income, or a net loss. So Ending Balance of the statement of changes in Owner's equity will be; Opening capital + Capital Added + Net Income - Owner's Withdrawals.

A one-page report titled a "statement of owner's equity" compares all assets and liabilities to determine the owner's equity's overall value. The snapshot, which is tracked over a predetermined time period or accounting period, depicts the flow of cash through a company.

Owner's equity is simply the difference between the owner's initial investment in the business and any withdrawals made by the owner. For instance: A real estate project with a value of $500,000 and a loan balance of $400,000 would have $100,000 in owner's equity.

Learn more about owner's equity here

brainly.com/question/24196918

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4 0
1 year ago
Which fact supports the idea that renting is a good
kipiarov [429]

The fact that support the idea that renting is a good is Landlords take care of most maintenance.

<h3>What is renting?</h3>

Renting refers to an agreement where a payment is made for the temporary use of a good, service or property owned by another.

It is obtaining a owner's property, in return for regular payments.

Hence, the fact that support the idea that renting is a good is Landlords take care of most maintenance.

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3 0
2 years ago
Which of the following methods is the best way to learn the art of leadership? a. Reading a textbook b. Taking a test c. Studyin
vesna_86 [32]

Answer:

The correct answer is letter "D": Leading a group activity.

Explanation:

Leadership is an aptitude that can be learned. There is no better form to start increasing leadership skills than by practicing. This implies getting together with several individuals and taking the lead of the activities the team plans to do. <em>Listening to their opinions, identifying strengths and weaknesses, </em>and <em>convincing most of them to choose a certain path to accomplish their objectives</em> is likely to be learned during the drill.

6 0
3 years ago
Bianca, a manager at Glass Eye Inc., leads a team of 20 employees. Veronica is Bianca's least preferred coworker as she finds Ve
Hoochie [10]

Answer:

As Veronica is non-cooperative that means she doesn't care for the team so In this scenario, Veronica has a task-oriented leadership style.

Explanation:

Relationship-Oriented Leadership:

Such leadership style in which the leaders focus more on the team especially for the motivations of members of his team and their well being. As Veronica doesn't show positive attitude towards the team so she doesn't has this style.

Country Club Leadership:

In this leadership style, leaders are more concerned about the happiness of their teams rather than results as they believe if their team mates are satisfied then they can achieve their goals in an efficient way.

Task-Oriented Leadership:  

In this leadership style, leadership are focusing on the task and goals rather than their team members (creativity, motivation and well being of team members) like in our scenario Veronica has task oriented leadership.

Team Management:

It is defined as the quality of an individual or an organization to manage their team members in order to work efficiently to achieve their set goals. It involves the coordination and communication of all the team members and results in the alleviation of conflicts and strong bonding of team.

8 0
3 years ago
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