Ask question

Ask question

All categories

3 years ago

8

A corporation has cumulative preferred stock on which it pays dividends of $20,000 per year. the dividends are in arrears for tw

o years. if the corporation plans to distribute $90,000 as dividends in the current year, how much will the common stockholders receive

1 answer:

tekilochka [14]3 years ago

8 0

Its free real estate----------------------------

You might be interested in

You are assigned to weigh mrs. abrera using an electronic scale. when you plug the unit into the outlet, a spark shoots out. the

morpeh [17]

I THINK ITS MIDDLE FINGERS AT THESE AHOLE MODERATORS

4 0

3 years ago

A loan of $20,000 with interest at 6.5% compounded annually is to be repaid by equal payments at the end of each year for five y

Zielflug [23.3K]

First option I think

6 0

3 years ago

The budget components for Park Company for the quarter ended June 30 appear below. Park sells trash cans for $12 each. Budgeted

Dmitry [639]

Answer:

$96,000

Explanation:

Production 26,000 units

<u>Materials Purchase Budget</u>

Production Materials Required (5×26,000 units) 130,000

Add Budgeted Closing Materials (50,000×20%×5) 50,000

Total Materials 180,000

Less Budgeted Opening Inventory (4,000×5) (20,000)

Budgeted Materials 160,000

Material Cost per pound $0.60

Total Material Cost $96,000

Therefore, the materials purchases budget will be for the month ending April 30 will be $96,000.

7 0

3 years ago

Financial data for Joel de Paris, Inc., for last year follow:

suter [353]

Answer:

profit margin: 7.09%

<u />

<u>Turnover: </u>

Assets : 1.85

Account Receivable: 11.53

Inventory: 9.05

ROI: 28.94%

2.- residual income 91,395

Explanation:

sales 4,700,000

net income 333,000

<u>profit margin:</u>

net income / sales

333,000 / 4,700,000 = 0,070851 = 7.09%

<u>Turnovers:</u>

Will be sales over an asset account to calcualte how many times the assets converts to cash or rotate.

the average will be calcualte as (beginning + ending)/2

<em>Assets turnover:</em>

sales/average assets

sales 4,700,000

(2,505,000 + 2,585,000) / 2 = 2,545,000

Ratio: 1,8467 = 1.85

<em>Account Receivable Turnover:</em>

sales/ average turnover

sales 4,700,000

(344,000 +471,000)/2 = 407,500

Ratio: 11,5337 = 11.53

<em>Inventory Turnover</em>

Sales/ average inventory

Sales 4,700,000

(568,000 + 471,000)/2 = 519,500

Inventory turnover: 9,04716 = 9.05

<u>ROI</u>

net income / average equity

<u>where:</u>

average equity : (beginning + ending)/2

1,092,000 + 1,209,000 = 1,150,500

333,000/1,150,500 = 0,28943

<u></u>

<u>Residual income:</u>

net income - Equity x expected return

333,000 - 1,150,500 x 0.21 =

333,000 - 241,605‬ = 91,395

5 0

3 years ago

The Minnesota legislature passed a law requiring that employers allow each employee adequate time within each four consecutive h

Reika [66]

Answer: a statute

Explanation:

Minnesota legislature passed a law requiring that employers allow each employee adequate time within each four consecutive hours of work to utilize the nearest convenient restroom. This law is a statute.

A statute is simply a written law that has been passed by a legislative body. It is a specific statement that the legislative body has approved and also endorsed by an executive body.

5 0

3 years ago