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givi [52]
3 years ago
7

On December 31, 20X2 and 20X3, Apex Co. had 3,000 shares of $100 par, 5% cumulative preferred stock outstanding. No dividends we

re in arrears as of December 31, 20X1. Apex did not declare a dividend during 20X2. During 20X3, Apex paid a cash dividend of $10,000 on its preferred stock. Apex should report dividends in arrears in its 20X3 financial statements as a (an) __________ .
Business
1 answer:
Anarel [89]3 years ago
7 0

Answer: the correct answer is a disclosure of $20,000

Explanation:

The annual preferred stock dividend is $15,000 = 3,000 x $100 x 5%. Total dividends in arrears at the end of 20X3 are therefore $20,000 = 2 years x $15,000 - $10,000 paid.

Dividends in arrears are footnoted only. They are not recognized as a liability until they are declared.

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Jonathan's company has been operating under restrictions placed by the state government. His company now has to issue public sta
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Answer: direct and indirect

Explanation:

Right on Plato

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3 years ago
Divine Apparel has 4,000 shares of common stock outstanding. On October 1, the company declares a $0.75 per share dividend to st
kipiarov [429]
I got to think about this again. Come back. later!! X=22.15
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2 years ago
Job-Order Costing Variables On July 1, Job 46 had a beginning balance of $1,235. During July, prime costs added to the job total
Anika [276]

Answer:

1 $126

2 $140

3 90%

Explanation:

1. Overhead applied = Closing balance of job - (opening balance of job + prime cost added to the job during the month

= $1,921 - ($1,235 + $560)

= $1,921 - $1,795

= $126

2. Direct labor for job 46 for July.

Direct labor = prime cost / ( 3 parts of direct materials + 1 part of direct labor)

Direct labor = $560 / 4

Direct labor = $140

Therefore, direct labor for job 46 for July is $140

Direct materials for job 46 for July

= Direct labor cost × 3(This is due to the fact that prime cost includes 3 parts of direct materials

= $140 × 3

= $420

3. Overhead rate for the company

= [($126 / $140) × 100

= 90%

6 0
3 years ago
Given that many new businesses fail in the first few years after they are established, how should an entrepreneur think about th
VladimirAG [237]

Businesses Fail by Entrepreneur - You start your business for the wrong reasons
There’s No Market or Too Small of a Market
Poor Management
Insufficient Capital
The Wrong Location
Lack of Planning
An entrepreneur can do these things to increase the chance of success Study the competition
Conserve cash no matter how good business is
Research new products and services
Don't tackle huge markets at first
Listen to customer feedback and adapt
Make proper strategy
Target the Customers Your Competitors Leave Behind
Invest in Learning New Skills
Stay Positive
Create a Budget and Stick to It
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5 0
1 year ago
A manager at Strateline Manufacturing must choose between two shipping alternatives: two-day freight and five-day freight. Using
yanalaym [24]

Answer:

Two day freight

Explanation:

Calculation for Which alternative would you recommend

H = $8 per item per year (2,400item) = $19,200per year.

d = 3 days

Incremental holding cost = $19,200 (3/365) = $157.8

Based on the above calculation This is Lower tham the savings that would result by using five-day freight. Therefore, use Two day freight.

8 0
3 years ago
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