1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
babymother [125]
3 years ago
5

In its first year, Raydine Inc. reported sales revenue of $1,300,000, net income of $200,000, and paid dividends of $26,000 on c

ommon stock. It also paid dividends on its 10,000 shares of 6%, $100 par value, noncumulative preferred stock. Common stockholders' equity was $1,200,000 at the start of the year and $1,800,000 at the end of the year. How much is the company's return on common stockholders' equity in its first year?
Business
1 answer:
klemol [59]3 years ago
8 0

Answer:

Return on common stockholders' equity=0.0933=9.33 %

Explanation:

Net Income=$200,000

Preferred Stockholder Dividends=Number of shares* value per share*interest

Preferred Stockholder Dividends=10000*$100*6%

Preferred Stockholder Dividends=10000*$100*0.06

Preferred Stockholder Dividends=$60,000

Average Common  stockholders' equity= (Equity at start of year+Equity at end of year)/2

Average Common  stockholders' equity= \frac{\$ 1,200,000+\$1,800,000 }{2}

Average Common  stockholders' equity=$1,500,000

Return on common stockholders' equity=(Net Income-Preferred Stockholder Dividends)/Average Common  stockholders' equity

Return on common stockholders' equity=\frac{\$200,000-\$60,000}{\$1,500,000}

Return on common stockholders' equity=0.0933=9.33 %

You might be interested in
"The __________ provision specifies what an insured must do, if a policy has lapsed, in order to put it back in force."
Vesna [10]

Answer:

The correct answer is Reinstatement.

Explanation:

The Reinstatement provision specifies what an insured must do, if a policy has lapsed, in order to put it back in force.

A reinstatement clause is a clause in insurance policy which grants the policy owner the right to reinstate a lapsed policy for specified reasons, such as non-payment of premiums, by furnishing satisfactory evidence of insurability and paying all unpaid premiums.which grants the policy owner the right to reinstate a lapsed policy for specified reasons, such as non-payment of premiums, by furnishing satisfactory evidence of insurability and paying all unpaid premiums.

6 0
3 years ago
Marine, Inc., manufactures a product that is available in both a flexible and a rigid model. The company has made the rigid mode
Viefleur [7K]

Answer:

Estimated manufacturing overhead rate= $32 per direct labor hour

Explanation:

Giving the following information:

At the beginning of the current year, management estimated that $672,000 in overhead costs would be incurred and the company would produce and sell 2,000 units of the flexible model and 10,000 units of the rigid model.

The flexible model requires 3.0 hour(s) of direct labor time per unit, and the rigid model requires 1.50 hour(s).

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base=

Estimated manufacturing overhead rate= 672,000/(2000*3 + 10000*1.5)= $32 per direct labor hour

8 0
2 years ago
Based on employment statistics for 2010, which ranks the number of jobs in these careers from least to greatest? Crop Production
NemiM [27]

Answer:

Elementary Education → Accounting → Pharmacy → Crop Production

Explanation:

According to the employment statistics, Elementary education employs the least, and Crop production employs the largest number.

3 0
3 years ago
A firm that is a "pure monopoly" is
vichka [17]
I believe it is A

a monopoly is when a company owns all the companies in that buisnesses
7 0
2 years ago
Connor Company produces speaker systems for cars. Estimated sales (in units) in January are 40,000; in February 37,000; and in M
Vera_Pavlovna [14]

Answer:

Our answer is E 114,420

Explanation:

Production budget:    

                                                 Jan   Feb            Mar

Budgeted sales units  40000   37000           34000

Add: Ending inventory        12950   11900  

Total requirement         52950   48900  

Less: Beginning inventory 14000    12950  

Budgeted production units 38950 35950  

Purchase budget of Box:    

                                               Jan           Feb  

Budgeted production  38950 35950  

Bx required per unit   3          3  

Total requirement of Boxes 116850 107850  

Add: Ending inventory         21570  

Total boxes needed  138420  

Less: Beginning inventory 24000  

Budgeted Purchase boxes 114420  

Answer is E. 114420    

5 0
3 years ago
Other questions:
  • Chet asked drew if he could borrow a book. drew agrees and says that he will bring it to chet's room by 7 p.m. that night. when
    14·1 answer
  • 9 labels or advertisements for products which use circles in their name or logo
    14·1 answer
  • Which type of tort happens when you unfairly damage another company's reputation?
    6·1 answer
  • According to the washington post article the downsides of cheap corn, farmers' 2014 crop revenues were down from prior years, de
    7·1 answer
  • Trudy is Jocelyn's friend. Trudy looks after Jocelyn's four-year-old son during the day so Jocelyn can go to work. During the ye
    5·1 answer
  • Which of the following would occur if a firm chose not to hold inventory for a given product?
    12·1 answer
  • A restaurant chain hires two new restaurant managers. One manager is a woman, and one is a man. Both candidates are equally qual
    8·1 answer
  • Laura is an HR manager for an organization. She is working on developing a
    6·2 answers
  • While in the short run an economic profit is more likely in an unregulated monopoly, ___________ may group competing resources a
    12·1 answer
  • after conducting your end of period physical inventory count, you realize that for several customer orders, the transfer of lega
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!