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aleksklad [387]
3 years ago
9

Preferred dividends Acura Labs Inc. has an outstanding issue of preferred stock with a par value of ​$30 and an 8​% annual divid

end. a. What is the annual dollar​ dividend? If it is paid​ quarterly, how much will be paid each​ quarter? b. If the preferred stock is noncumulative and the board of directors has passed the preferred dividend for the last 3 ​quarters, how much must be paid to preferred stockholders in the current quarter before dividends are paid to common​ stockholders? c. If the preferred stock is cumulative and the board of directors has passed the preferred dividend for the last 3 ​quarters, how much must be paid to preferred stockholders in the current quarter before dividends are paid to common​ stockholders? a. The annual dollar dividend is ​$ nothing. ​(Round to the nearest​ cent.)
Business
1 answer:
Marina CMI [18]3 years ago
7 0

Answer:

a) 2.40 dollars

b) 0.60 dollars

c) 2.40 dollars

Explanation:

$30 dollars x 8% = $2.40

quarterly dividend:_ $2.40 / 4 = $ 0.60

When the dividends ar cummulative, they will keep at arrear until the company declares cash dividend. The firm will not be able to pay common stock unless there are no arrear dividends to preferred stock.

Only once all the preferred dividends in arrear and current period dividends are paid, the ocvmany can distribute among their common stock.

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rabapples, Inc. purchases and sells boxes of dried fruit. The following information summarizes its operating activities for the​
pantera1 [17]

Answer:

$40.875

Explanation:

Given that,

Selling Expenses = $ 9,600

Merchandise Inventory on December 31 = 33,000

Merchandise Inventory on January 1 = 47,000

Purchases of merchandise = 83,500

Rent for store = 12,100

Sales commissions = 7,300

Sales revenue = 168,500

Cost of goods sold:

= Beginning merchandise inventory + Merchandise purchase - Ending merchandise inventory

= $47,000 + $83,500 + $33,000

= $163,500

If Crabapples sold 4,000 boxes of dry fruit during the​ year, then the cost per box of dry fruits is:

= Cost of goods sold ÷ Number of boxes sold

= $163,500 ÷ 4,000

= $40.875

3 0
3 years ago
Determine the missing amounts. Unit Selling Price Unit Variable Costs Unit Contribution Margin Contribution Margin Ratio 1. $900
Pie

Answer:

(a) = $468

(b) = 52%

(c) = $144

(d) = 28%

(e) = $1150

(f) = $920

Explanation:

    selling price   variable cost    contribution   margin contribution ratio

1.     $900             $432                  (a) $                          (b)%

2.    $200            $ (c)                     $56                            (d)%

3.  $ (e)               $(f)                       $230                          20%

contribution = selling price - variable costs

Margin contribution ratio = contribution / sales

Variable cost = selling price - contribution

Selling price = contribution / margin contribution ratio

5 0
3 years ago
The ______ of real estate markets makes it impossible to generalize the impact events in other areas will have on real estate va
goldenfox [79]

Answer: uniqueness

Explanation:

8 0
2 years ago
John would like to move from the city into the suburbs and has been saving up a large down payment for a home. Which is the most
Simora [160]
Im 100 percent sure that the anser is c
3 0
3 years ago
In year 1, X Company recognized an impairment loss on the trade name for its beverage product, reducing the carrying value from
ziro4ka [17]

Answer:

The value of the intangible will remain at $350,000

Explanation:

The reason is that the International Accounting Standard IAS-36 says that once the impairment is recognized for the intangible assets it can not be reversed which means that the amount reported would be $350,000. The reason is that it is very rare that the asset gain its value and specially those which are intangible assets. Most of the management in the 1990s-2000 tried to recognize a gain on impairment which was unjustifiable to increase their profits for the period so the standard specifically didn't permitted gain on a previously impaired asset.

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