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harkovskaia [24]
3 years ago
13

Splish Brothers Inc. has 9300 shares of 4%, $50 par value, cumulative preferred stock and 186000 shares of $1 par value common s

tock outstanding at December 31, 2017, and December 31, 2016. The board of directors declared and paid a $12900 dividend in 2016. In 2017, $64500 of dividends are declared and paid. What are the dividends received by the preferred stockholders in 2017?
Business
1 answer:
fiasKO [112]3 years ago
5 0

Answer:

The dividends received by the preferred stockholders in 2017 is $24,300

Explanation:

The computation of the preferred stockholder dividend is shown below:

= Yearly dividend - dividend paid in 2016

where,

Yearly dividend = Number of shares × par value per share × rate

                          = 9,300 shares × $50 × 4%

                          = $18,600

And, the 2016 dividend is $12,900

Now put these values to the above formula  

So, the value would equal to

= $18,600 - $12,900

= $5,700

So, the total dividend would be

= Year end dividend + last year dividend

= $18,600 + $5,700

= $24,300

Out of the $64,500, the $24,300 will be distributed to the preference shareholders and the remaining amount $402,00 would be distributed to the common stockholders

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Lemon N' Honey is a juice manufacturing company in the United States. It exports its products to Australia, licenses to China, h
Anastasy [175]

Answer:

international division

Explanation:

In a functional organization structure,  a company is divided into small units based on the roles they perform. For example, a company may have marketing, finance, It and human resources division. The divisions may also be referred to as departments.

Divisions allow for more efficiency as employees with shared skills and knowledge are put together to perform familiar tasks. By creating an international division, Lenon N' Honey will be able to assign specialized employees the duty of in managing its foreign business. The international division will focus on ensuring that the overseas operations are achieving their objectives.

6 0
3 years ago
Bank reconciliation information for Kaden Co. for May 31 is as follows: (a) The bank statement balance is $2,936. (b) The cash a
g100num [7]

Answer:

bank service expense 50 debit

supplies                        18 debit

             cash                           68 credit

--to record bank reconciliation--

Explanation:

We have to adjust the cash balance for the transactions unknow for the company which are the bank service charge of $50 and the mistake in the accounting  for $18

we actually spend 97 but recorded 79 thus, we increase supplies by 18

5 0
3 years ago
a) A person has 5 trousers, 7 shirts, 6 ties, and 3 pairs of shoes. In how many possible distinct ways can the person dress
yKpoI14uk [10]

The person can dress in 630 different ways according to permutation and combination.

<h3><u>What is permutation and combination?</u></h3>
  • Subsets of a set can be created in two separate ways: combination and permutation. The subset's components can be listed in any order when combined. The components of the subset are listed in a permutation in a certain order.
  • There are only a finite number of permutations and combinations for each data set. They can therefore be used to calculate the probability of complex events.
  • The number of possible permutations increases and the likelihood that a particular permutation will occur decreases as a set's elements increase.

First, The person has to decide on pants. So, he has 5 choices. And for each pant, the person has 7 shirts, 6 ties and 3 pair of shoes as choice. So,  5*7*6*3 = 630.

Know more about permutation and combination with the help of the given link:

brainly.com/question/13387529

#SPJ4

8 0
2 years ago
On June 30, 2021, Georgia-Atlantic, Inc. leased a warehouse equipment from IC Leasing Corporation. The lease agreement calls for
Rufina [12.5K]

Answer:

1. $3,800,001

2. Pretax amount of liability $2,842,112

Pre tax amount of right to use asset $3,325,000

3. Pre tax amount of interest expense $162,003

Pre tax amount of amortization expenses $475,000

Explanation:

1. Calculation for the Present value

Using this formula

PV of minimum lease payments used to record right to use assets = Semi Annual lease payments * Cumulative PV Factor of annuity due for 8 periods at 5%

Where,

Semiannual lease payment = $559,946

Total semiannual payments = 4*2 = 8

Incremental borrowing rate = 10%, 5% semiannual

Let plug in the formula

PV of minimum lease payments used to record right to use assets= $559,946 * 6.78637

PV of minimum lease payments used to record right to use assets= $3,800,001

Therefore the Present value will be $3,800,001

2. Calculation for the Pretax amount for liability and Pretax amount for right-of-use asset

Calculation for Pretax amount of liability

First step is to calculate the Pretax amount of liability on 30.06.2021

Pretax amount of liability on 30.06.2021 = ($3,800,001 - $559,946)

Pretax amount of liability on 30.06.2021= $3,240,055

Second step is to calculate the Interest expense for 31.12.2021

Interest expense for 31.12.2021 = $3,240,055 * 5%

Interest expense for 31.12.2021= $162,003

Now let calculate the Pre tax amount for liability December 31, 2021

Pre tax amount for liability December 31, 2021 = $3,240,055 + $162,003 - $559,946

Pre tax amount for liability December 31, 2021= $2,842,112

Therefore The Pre tax amount for liability December 31, 2021 will be $2,842,112

Calculation for Pre tax amount of right to use asset

First step is to calculate the Depreciation on right to use assets for 2021

Depreciation on right to use assets for 2021 = $3,800,000 / 4 * 6/12

Depreciation on right to use assets for 2021 = $475,000

Now let calculate the Pre tax amount of right to use asset to be reported for 2021

Pre tax amount of right to use asset to be reported for 2021 = $3,800,000 - $475,000

Pre tax amount of right to use asset to be reported for 2021 = $3,325,000

Therefore Pre tax amount of right to use asset to be reported for 2021 will be $3,325,000

3. Calculation for Pretax amount for interest expense Pretax amount for amortization expense

Calculation for Pretax amount for interest expense

Pre tax amount of interest expense = $3,240,054 * 5%

Pre tax amount of interest expense= $162,003

Therefore the Pre tax amount of interest expense will be $162,003

Calculation for Pre tax amount of amortization expenses

Pre tax amount of amortization expenses = $3,800,000 / 4 * 6/12

Pre tax amount of amortization expenses = $475,000

Therefore The Pre tax amount of amortization expenses will be $475,000

4 0
3 years ago
Xavier and Yolanda have original investments of $45,200 and $109,400, respectively, in a partnership. The articles of partnershi
Archy [21]

Answer: Yolander's allocation of the net income = $66,180

Explanation:

GIVEN the following ;

Net income = $115,800

Xavier's investment = $45,200

Yolander's investment = $109,400

Sharing of net income :

20% of each partner's original investment

Xavier's salary =$26, 400

Yolander's salary = $30,200

Remainder to be shared equally

Yolander's share = salary + (0.2 × $109,400) + (net income left ÷2)

Yolander's percent amount of original investment = 0.2 × $109,400 = $21,800

Yolander's percent amount of original investment = 0.2 × $45,200 = $9,040

Net income left = $115800 - $(9040 + 21800 +30200 +26400) = $28360

Each partner's share = $28360/2 = $14,180

Yolander's allocation = $(30,200 + 21,800 + $14,180) = $66,180

3 0
3 years ago
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