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Vika [28.1K]
3 years ago
15

Maker-Bot Corporation has 10,000 shares of 10%, $90 par value, cumulative preferred stock outstanding since its inception. No di

vidends were declared in the first two years. If the company pays $400,000 of dividends in the third year, how much will common stockholders receive?A. $355,000B. $270,000C. $0D. $130,000E. $140,000
Business
1 answer:
AleksandrR [38]3 years ago
5 0

Answer:

D) $130,000

Explanation:

We can compute this by calculating the total dividends payable to preferred stock holders each year.

Dividends payable = 10,000 * 90 * 0.10 = $90,000

Since the shares are cumulative, the total preferred dividend payable at the end of third year is = $90,000 * 3 = $270,000

So common share in dividend = Total paid - Preferred dividend cumulative

Common Dividend share = 400,000 - 270,000 = $130,000

Hope that helps.

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Van Frank Telecommunications has a patent on a cellular transmission process. The company has amortized the $26.10 million cost
AlladinOne [14]

Answer:

Original Cost = $26.10

Annual Amortization (Old) = $26.10 / 9 years

Annual Amortization (Old) = $2.9 million

Amortization till Date (2017 - 2021) = $2.9*4 = $11.6 million

Unamortized Value = $26.10 million - $11.6 million

Unamortized Value = $14.5 million

Remaining Life = 6 - 4

Remaining Life = 2 Years

New Amortization = Unamortized Value/Remaining Life

New Amortization =  $14.5/2

New Amortization = $7.25 million

                    Journal Entry

Amortization Expense Debit - $7.25 million

      Patent Credit -  $7.25 million

5 0
2 years ago
The fixed budget indicates sales of $50,000. actual sales were $55,000. The variance is?
Anna007 [38]

The fixed budget indicates sales of $50,000. actual sales were $55,000. The variance is $5,000 favorable.

The variance is a measure of variability. it's far calculated by taking the average of squared deviations from the mean. Variance tells you the diploma of unfold in your information set. The more unfold the data, the larger the variance is in relation to the mean.

In opportunity idea and information, variance is the expectation of the squared deviation of a random variable from its populace imply or sample suggest. Variance is a measure of dispersion, that means it's far a degree of the way a long way a fixed of numbers is spread out from their average price.

Not like variety and interquartile range, variance is a measure of dispersion that takes into consideration the unfold of all information points in a data set. It is the degree of dispersion the most often used, in conjunction with the standard deviation, that is truly the rectangular root of the variance.

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5 0
1 year ago
Why do we suffer on the real world
Yanka [14]
Our denials to divine nature and lack of appreciation of our connection to all things
5 0
3 years ago
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The accounting records of Omar Company contained the following information for last year: Beginning Ending Direct materials inve
Dafna11 [192]

Answer:

$70,000

Explanation:

The amount of direct material purchased during the year will be arrived at by working back from the amount of Direct Materials used within the year, then we <u>less</u> opening stock of Direct Material because obviously that was not purchased within the year but was carried over from previous period; and finally we add closing stock of Direct Material because that was left over from what was bought during the current period.

Direct materials used............................... $72,000

Beginning Direct materials inventory... ($9,000)

Ending Direct materials inventory..........<u> $7,000 </u>

Direct material purchased ........................<u>$70,000</u>

6 0
3 years ago
Besides interest paid over the life of the loan, what responsibility does the buyer have to the lender in a real estate transact
miss Akunina [59]

What obligations does the buyer have to the lender in a financing real estate transaction, aside from interest paid over the course of the loan? Pay loan-related closing charges.

Closing costs are the additional charges that buyers and sellers often pay in order to conclude a real estate transaction.

Loan origination fees, discount points, appraisal fees, title search fees, title insurance fees, surveys, taxes, deed recording fees, and credit report fees are a few examples of these expenses. Within three days of receiving a home loan application, the lender is obligated by law to include these fees in a loan estimate form. Closing expenses may also apply to gifts of equity, which involve selling real estate to a relative or close friend at a discount from market value.

Learn more about Pay loan-related closing charges here.

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7 0
2 years ago
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