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3 years ago

All of the following statements are true about preferred stock EXCEPT:

Business

1 answer:

Tju [1.3M]3 years ago

7 0

Answer:

The answer is: B) In most cases dividends are paid semi-annually

Explanation:

Preferred dividends:

are paid before common dividends,
usually yield higher rates,
and are paid in shorter terms.

In most cases they are paid on a monthly or quarterly basis. Semi-annual payments occur once every 6 months (or twice a year) and for preferred dividends that is usually considered a long time.

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Mandi puts $20 in her savings account. the account pays 3% simple interest. how much interest will she earn in 2 years?

cupoosta [38]

$20x2x3=120
120/100=$1.20
Interest= $1.20

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4 years ago

Goal-setting is an important strategy to manage your time and stay on track with your education. Reflect on the importance of go

astraxan [27]

Answer:

Explanation:

Based on your answer to questions 1 and 2, set three goals: one short-term, one mid-term, and one long-term.

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3 years ago

In the context of diversity initiatives and programs, an effective way to eliminate the glass ceiling is:

Vanyuwa [196]

One effective way to eradicate the glass ceiling in diversity initiatives and programs would be an entire organization to conduct a training and development program that can provide a more open and direct way to help provide equal attention and recognition to everyone who does well within the group.

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3 years ago

At the end of the year, Mercy Cosmetics’ balance of Allowance for Uncollectible Accounts is $830 (debit) before adjustment. The

tigry1 [53]

Answer:

The journal entry showing the adjustment is shown as:

Dr bad debt expense $3287

Cr Allowance for uncollectible accounts $3287

Explanation:

The company estimate of uncollectible account this year is calculated by multiplying the percentage of uncollectible accounts by the balance in the accounts receivable.

Hence,estimate of uncollectible account is 9%*$27,300=$2457

The estimate of $2457 implies that the balance in the allowance for uncollectible accounts should be $2457 credit balance as at the end of the year.

In order to achieve that ,reverse the debit balance of $830 in the account by posting a credit of $830,that takes the account to nil,then post a new allowance for uncollectible accounts($2457 credit entry)

Without mincing words, the adjusting entries passed is the sum of the two credit entries of $3287

8 0

3 years ago

An accountant buys a supply of pencils to be used in calculating the taxes of other business firms. Based on this information, t

algol [13]

The pencils would be considered a Business.

What is a Business?

An organisation or enterprising entity engaging in commercial, industrial, or professional activity is referred to as a business. Businesses can be for-profit corporations or charitable institutions. Limited liability firms, sole proprietorships, corporations, and partnerships are among the several types of businesses.

A business is defined as a profession or trade that involves buying and selling goods and services with the intention of making a profit. Farming is a prime example of a business. A home sale is an illustration of commerce.

Different Business Structures

Sole proprietorship. A sole proprietorship is the most common type of business structure.

Partnership.

Limited liability company.

Corporation.

Learn more about Business here:

brainly.com/question/15826604

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7 0

2 years ago