Since this was added 3 weeks ago. What was the correct answer?
Answer:
$115,250
Explanation:
The computation of the budgeted cash receipts in February month is shown below:
= Sales collected in February month + sales collected in January month - balance in accounts receivable
where,
Sales collected in February month equals to
= $111,000 × 50%
= $55,500
Sales collected in January month equals to
= $121,000 × 25%
= $30,250
And, the balance of accounts receivable
= $59,000 - $29,500
= $29,500
Now put these values to the above formula
So, the value would equal to
= $55,500 + $30,250 + $29,500
= $115,250
Answer:
a. $0
The company was organized in January, Year 1. They do not have to pay dividends because the company just started operations. The cumulative dividends are only to be paid at the end of the period so there is no dividend arrear here.
b. Preferred shareholders are meant to get:
= 4,000 shares * 50 * 6%
= $12,000 per year
As they are owed $12,000 from the first year and are now owed for the second, the dividends they will get is:
= 12,000 + 12,000
Preferred Dividends = $24,000
Ordinary shareholders get what is left:
= 25,000 - 24,000
= $1,000
Procrastinating
Procrastination is the avoidance of doing a task which needs to be accomplished. It is the practice of doing more pleasurable things in place of less pleasurable ones, or carrying out less urgent tasks instead of more urgent ones, thus putting off impending tasks to a later time.
C. Monitoring use of workplace resources for personal gain
