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Oliga [24]
3 years ago
12

Outstanding stock of the Blossom Corporation included 30000 shares of $5 par common stock and 8000 shares of 5%, $10 par non-cum

ulative preferred stock. In 2016, Blossom declared and paid dividends of $1500. In 2017, Blossom declared and paid dividends of $15000. How much of the 2017 dividend was distributed to preferred shareholders?
Business
1 answer:
Arlecino [84]3 years ago
3 0

Answer:

$6,500 was distributed to preferred shareholders

Explanation:

Dividend distributed to preferred share is based on the predetermined rate associated with these share. When the dividend is declared preferred share dividend is paid first. The remainder is distributed between the common stockholders.

Value of Preferred share = 8000 shares x $10 par value = $80,000

Preferred Dividend = $80,000 x 5% = $4,000

Accrued dividend of 2016 = $4,000 - $1500 = $2500

Total Dividend Accrued = $2,500 + $4,000 = $6,500

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krok68 [10]
Social Security rights, Medicare, Medicade
7 0
2 years ago
ASC 480-10 provides guidance on determining whether (1) certain financial instruments with both debt-like and equity-like charac
Aliun [14]

Answer:

. Redeemable shares.

• Redeemable noncontrolling interests.

• Forward contracts to repurchase own shares.

• Forward contracts to sell redeemable shares.

• Written put options on own stock.

• Warrants (and written call options) on redeemable equity shares.

• Warrants on shares with deemed liquidation provisions.

• Puttable warrants on own stock.

• Equity collars.

• Share-settled debt (this term is used to describe a share-settled obligation that  is not in the legal form of debt but has the same economic payoff profile as debt).

• Preferred shares that are mandatorily convertible into a variable number of common shares.

• Unsettled treasury stock transactions.

• Accelerated share repurchase programs.

• Hybrid equity units.

Explanation:

ASC 480-10 is used when an issuer, in the declaration of its financial position, has to categorize some financial instruments that share the characteristics of liabilities and equities. The issuer always classifies legal-form debt as liability and this makes it not applicable under the ASC 480-10.

Under the ASC 480-10, three types of financial instruments are meant to be classified and they include;

1. Mandatorily redeemable financial instruments

2. Obligations to repurchase the entity’s equity shares by transferring assets, and

3.Certain obligations to issue a variable number of equity shares

6 0
3 years ago
You have $10,000 to invest. You want to purchase shares of Alaska Air at $42.56, Best Buy at $51.42, and Ford Motor at $8.56. Ho
abruzzese [7]

Answer:

Alaska  =   46.99 units

Best buy = 58.34 units

Ford Motor =  584.11 units

Explanation:

<em>To determine the unit of each class of stock to purchase, we wll multiply each of the percentages by the total fund to be arrive the proportion of fund to be invested in each class. </em>

<em>Further more, we will  divide the allocated amount by the share price  per unit</em>

Shares to be purchased to have the given proportion would be '

Alaska (20%)  =(20%× 10,000)/42.56=       46.99 units

Best buy (30%)   = (30% × 10,000)/ 51.42 = 58.34 units

Ford Motor (50%) = (50% × 10,000)/ 8.56 =  584.11 units

3 0
3 years ago
Denmark is a good example of a nation-state because:.
inna [77]

Denmark is a good example of a nation-state because nearly all Danes speak D.anish and live in Denmark.

<h3>What is nation-state?</h3>

Basically, a nation-state refers to sovereignty or state that is ruled in the name of a community of citizens that identify themselves as a nation.

Generally, the main component of a nation-state is presence of only one culture and language.

Therefore, the Option A is correct.

Read more about nation-state

<em>brainly.com/question/15232128</em>

8 0
2 years ago
A credit-card company hires telemarketers to call customers to try to entice them to sign up for a new credit card. The telemark
Morgarella [4.7K]

Answer:

The answer is option A) This is an example of continuous reinforcement schedule

Explanation:

A schedule of reinforcement is basically a rule stating which instances of behavior will be reinforced. In some cases, a behavior might be reinforced every time it occurs. Sometimes, a behavior might not be reinforced at all.

continuous reinforcement schedule occurs when reinforcement is delivered after every single target behavior. This is clearly illustrated with the bonus paid to the telemarketers for every fourth application the company receives.

7 0
3 years ago
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