Answer:
total dividends distributed to common stock $6,000
dividends per common stock $0.12
Explanation:
preferred stock dividends = 1,000 x 6% x $50 = $3,000
since they are cumulative, if the dividends are not paid during one year, they must be paid in the next periods
the distribution of the $10,000 in dividends in 2018:
- preferred dividends = $1,000 + $3,000 = $4,000
- common stock dividends = $6,000
dividends per common stock = $6,000 / 50,000 = $0.12
Answer:
Command is the correct answer.
Explanation:
Answer:
Typically, related commands are clustered together on the same menu or toolbar. Menus typically are displayed as one-word strings clustered in a row at the top of the integrated development environment (IDE) or a tool window.
Explanation:
Answer:
$840
Explanation:
Data provided in the question:
Beginning inventory = 30 units @ $120 each
Purchases during the year:
Jan. 15: 34 units at $110
May 30: 61 units at $84
Oct. 20: 160 units at $60
Sales during the year totaled 271 units
Now,
Total inventory before selling = 30 + 34 + 61 + 160 = 285
Inventory left after selling 271 units = 285 - 271 = 14 units
Now,
Under the FIFO method, the units purchased first will be sold first
Therefore,
The price of units left inventory will the price of units purchased last i.e $60
Hence,
The cost of ending inventory = 14 × $60
= $840
