Answer:
$57,600
Explanation:
The computation of the total amount paid to preferred shareholders are shown below:
= Number of shares for preferred stock × par value × dividend rate × number of years
= 1,200 shares × $100 × 12% × 4 years
= $57,600
In case of cumulative, the number of years would be four years for dividend paid
All other information which is given is not relevant. Hence, ignored it
Answer:
$55,527
Explanation:
Calculation to Determine true cash balance as of June 30
Unadjusted balance per the bank statement $56,518
Add: Deposits in transit on June 30 $2,340
Less: Outstanding check ($3,331)
True cash balance as of June 30 $55,527
Therefore true cash balance as of June 30 will be $55,527
Answer:
contract
Explanation:
A contract is a form of enforceable agreement between two parties that are legally binding. Both parties in the contract have to do the responsibilities/promises written there and any breach for the agreement can result as enforcement from the court. While a verbal contract is possible in some law, it's really hard to be proven so it's better to have a written contract instead.
Not everything can be put into a contract. If the contract against public policy, the contract will be illegal and an agreement is written there will be invalid.
It is calculated by dividing earnings after taxes (EAT) by equity in common shares, with the result multiplied by 100%. The higher the percentage, the greater the return shareholders are seeing on their investment.
Answer:
The correct answer is: fad products.
Explanation:
Fad products are the kind of goods or services that have very short life cycles. It is caused because those goods were spread quickly and gained popularity but, consumers lost interest in them at the same speed. Usually, the main problem with those goods is the lack of innovation and diversity.