Answer: (B)
Explanation: so you can save your money that is the wi way
Answer:
The answer is $4,300
Explanation:
Solution
We recall that:
Torino company has 1,200 shares of = $50 per value
The cumulative and nonparticipating preferred stock of = 6.0%
They also have 13,00 shares
Common stock outstanding = $10 per value
Total dividends = $3,500
Now,
The first year amount of dividend that was paid in the first year of working is stated as follows:
6% * 1300 * 50 = $3900
The paid dividend = $3,500
The amount amount payable during the second year to the common stakeholders is
=$3900 + 400 = $4,300
Note: preferred shares are cumulative, for this the amount paid to the stakeholders was $4,300
Answer:
56.46%
Explanation:
The computation of the gross profit percentage is shown below
Gross profit percentage is
= (Sales - cost of goods sold) ÷ (Sales) × 100
where,
Sales is $850,000
And, the cost of goods sold is $344,600
Now placing these values to the above formula
So, the gross profit percentage is
= ($850,000 - $344,600) ÷ ($850,000) × 100
= $505,400 ÷ $850,000 × 100
= 56.46%
Answer:
Please find the income statement below;
Explanation:
<u>Single step Income statement</u>
Revenues
Net sales 2,419,200
Interest revenue 39,300
<em>Total revenues 2,458,500</em>
Expenses
Cost of goods sold 1,464,600
Admin. expenses 216,400
Selling expenses 294,800
Interest expense 46,000
<em>Total expenses 2,021,800</em>
<em><u>Net Income </u></em><em> </em><u><em>436,700</em></u>
<span>The difference between a linear and a nonlinear cost function is
</span><span>A
linear cost function is a cost function where, within the relevant
range, the graph of total cost versus the level of a single activity
related to that cost is a straight line.
An example of a liner cost
function is a cost function for use of a telephone line where the terms
are a fixed charge of $10,000 per year plus a $2 per minute charge for
phone use.
A nonlinear cost function is a cost function where, within
the relevant range, the graph of total cost versus the level of a single
activity related to that cost is not a straight line.
Example include
economies of scale in advertising where an agency can double the number
of advertisements for less than twice the costs, step-cost functions,
and learning-curve based costs.</span>
