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Tamiku [17]
3 years ago
5

Hardy lumber has a capital structure that includes bonds, preferred stock, and common stock. which one of the following rights i

s most apt to be granted to the preferred shareholders?
A) Right to all residual income after the common dividends have been paid.
B) Right to share in company profits prior to other shareholders.
C) Right to elect the corporate directors.
D) Right to a permanent seat on the board of directors.
E) Right to vote on proposed mergers.
Business
1 answer:
Vitek1552 [10]3 years ago
7 0
The correct answer is B) Right to share in company profits prior to other shareholders
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In 1999, oil producers in the Middle East nearly tripled the price of crude oil. You might think that this would be bad for U.S.
Wewaii [24]

Answer:

When the price of gas rises, it impacts how people travel, how goods are shipped, and how people formulate their budgets. When home heating prices climb, people have to decide whether or not they can afford to turn up their thermostats. When various goods have become more expensive because their components also cost more, people have to make difficult choices on what to buy.

Explanation:

4 0
3 years ago
MSK Construction Company contracted to construct a factory building for $525,000. Construction started during 20X1 and was compl
kicyunya [14]

Answer:

MSK Construction Company

a. Journal Entries, under the assumption that MSK recognizes revenue over time and uses costs incurred to measure the extent to which its performance obligation has been satisfied:

20X1:

Debit Work in Process $290,000

Credit Cash Account $290,000

To record the cost incurred for the contract.

Debit Accounts Receivable $260,000

Debit Unbilled Cost of Contract $90,000

Credit Contract Revenue $350,000

To record the amount billed to customer and revenue.

Debit Cash Account $240,000

Credit Accounts Receivable $240,000

To record the cash receipts from customer.

20X2:

Debit Work in Process $150,000

Credit Cash Account $150,000

To record the cost incurred for the contract.

Debit Accounts Receivable $265,000

Credit Unbilled Cost of Contract $90,000

Credit Contract Revenue $175,000

To record the amount billed to customer and corresponding revenue.

Debit Cash Account $285,000

Credit Accounts Receivable $285,000

To record the cash receipts from customer.

b. Journal Entries, under the assumption that MSK recognizes revenue at a point in time when control of the completed factory is transferred to the customer at the end of the project:

20X1:

Debit Work in Process $290,000

Credit Cash Account $290,000

To record the cost incurred for the contract.

Debit Accounts Receivable $260,000

Credit Unearned Revenue $260,000

To record the amount billed to customer.

Debit Cash Account $240,000

Credit Accounts Receivable $240,000

To record the cash receipts from customer.

20X2:

Debit Work in Process $150,000

Credit Cash Account $150,000

To record the cost incurred for the contract.

Debit Accounts Receivable $265,000

Debit Unearned Revenue $260,000

Credit Contract Revenue $525,000

To record the amount billed to customer and revenue.

Debit Cash Account $285,000

Credit Accounts Receivable $285,000

To record the cash receipts from customer.

Explanation:

a) Data and Calculations:

Contract price = $525,000

                                                                     20X1           20X2

Costs incurred during the year              $290,000    $150,000

Estimated additional cost to complete   $145,000         —

Estimated Total costs                              $435,000    $150,000

Billings during the year                             260,000     265,000

Cash collections during the year             240,000      285,000

Revenue Recognition for 20X1:

= incurred cost/Total estimated costs * contract price

= $290,000/$435,000 * $525,000

= $350,000

Revenue Recognition for 20X2:

= $525,000 - $350,000

= $175,000

3 0
3 years ago
Each of the following are advantages of bonds except: multiple choice bonds do not affect owner control bonds require payment of
tresset_1 [31]

Answer:

bonds require payment of periodic interest and par value at maturity bonds.

Explanation:

A bond can be defined as a debt or fixed investment security, in which a bondholder (investor or creditor) loans an amount of money to the bond issuer (government or corporations) for a specific period of time. The bond issuer are expected to return the principal (face value) at maturity with an agreed upon interest (coupon), which are paid at fixed intervals.

The disadvantages of bonds are listed below as;

1. Bonds typically require a payment of periodic interest.

2. Bonds require a payment of the principal amount.

3. Bonds can decrease a person's return on equity.

4. The payments of a bond by the bond issuer may become burdensome when cash flow and income are quite low.

4 0
3 years ago
According to Henry Mintzberg, in the _____, managers receive a great deal of unsolicited information because of their personal c
goldfiish [28.3K]

Answer:

Monitor role

Explanation:

According to Henry Mintzberg, in monitor role , a manager regularly seek out information related to his organization and industry, looking for relevant changes in the environment. He also monitors his team, in terms of both their productivity, and their well-being.

6 0
3 years ago
When Peter celebrated his 25th anniversary at the company, he felt that the gold watch he was given was just a meaningless trink
Marysya12 [62]

Answer:

The correct answer is: generativity vs. stagnation.

Explanation:

According to German psychoanalyst Erik Erikson (1902-1994), there are <em>eight (8) stages of Psychosocial Development</em>. Generativity vs. Stagnation is the seventh stage where individuals are between 40 to 65 years. <em>Generativity </em>aims to individuals' self-satisfaction by making an impact in their immediate surrounding environment. Failure to contribute to others' development causes <em>stagnation </em>and individuals tend to feel disconnected from their atmosphere.

7 0
3 years ago
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