1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
givi [52]
2 years ago
10

Outstanding stock of the West Corporation included 40,000 shares of $5 par common stock and 10,000 shares of 5%, $10 par non-cum

ulative preferred stock. In 2016, West declared and paid dividends of $4,000. In 2017, West declared and paid dividends of $20,000. How much of the 2017 dividend was distributed to preferred shareholders?
Business
1 answer:
emmasim [6.3K]2 years ago
4 0

Answer:

$6,000

Explanation:

The computation of the dividend amount distributed to preferred shareholders is shown below:

= Number of non-cumulative preferred stock shares × par value per share × dividend rate

= 10,000 shares × $10 × 6%

= $6,000

In the case of the non-cumulative preferred stock, if there are dividend arrears, the same is not paid.

Simply we multiplied the preferred stock share by the par value and the dividend rate so that the estimated value can come

You might be interested in
What benefit does a 401(k) plan provide over an IRA?
svetoff [14.1K]
Hello,

Your brainliest answer would be:

A benefit of 401k It is Less of investment risk.

Plz mark me brainliest!

Hope this helps!
5 0
3 years ago
Read 2 more answers
On Sept 9, Daniels Corporation earns $2,000 by performing consulting services. Their customer said that she would pay next month
anyanavicka [17]

Answer:

The answers are:

A) Consulting revenue should be listed below the debited account as it is credited.

C) Accounts payable is not involved in this transaction.

D) The Consulting revenue account should be indented, as it is credited.

E) The correct account that should be debited is the Accounts receivable account.

Explanation:

4 0
2 years ago
Aeryn Soon is a potential investor of Hippy Dippy Inc.’s preferred stock, which is currently selling for $475 per share. Hippy D
Ksju [112]

Answer:

Yes she should purchase this preferred stock.

Explanation:

Return on investment as a percentage = return/capital invested * 100

For Aeryn to decide whether she should purchase this preferred stock, its return on investment should be higher than or equal to 8%. The return on investment of this preferred stock is $40/$475 * 100 = 8.42%, which is higher than her required return therefore she should purchase the preferred stock.

5 0
2 years ago
At the current prices of goods X and Y, the quantity demanded of good X is 10 units, and the quantity demanded of good Y is 5 un
damaskus [11]

Answer:

When the price of good y increases by 10% it will result in the quantity demanded of x to increase by (0.6*10) =6%. The current quantity demanded of good x is 10 so a 6% increase will mean the quantity demanded of x will be (1.06*10)= 10.6

Explanation:

The cross elasticity of goods x and y is 0.6, which means that a one percent increase in price of good y will increase the demand for good x by 0.6%, this means that x and y are substitute goods, as when the price of y increases people tend to buy more of x.

When the price of good y increases by 10% it will result in the quantity demanded of x to increase by (0.6*10) =6%. The current quantity demanded of good x is 10 so a 6% increase will mean the quantity demanded of x will be (1.06*10)= 10.6

8 0
3 years ago
Outose Concept manufactures small tables in its Processing Department. Direct materials are added at the initiation of the produ
Vikki [24]

Answer:

8,400 units

Explanation:

Abnormal spoilage is amount of units which are wasted or destroyed during production. Units that do not meet the standard can also be a part of abnormal spoilage. To calculate abnormal spoilage we will use formula below;

Abnormal Spoilage units = (Work in process beginning inventory + Units completed and transferred out) - (Units in work in process + Ending inventory units)

Abnormal Spoilage Units = (23,000 + 76,500) - (72,100 + 19,000) = 8,400 units.

4 0
3 years ago
Other questions:
  • The most commonly used wiring method is _______ wiring.
    13·2 answers
  • The first time Jena visited Blue Corals Inn, a restaurant in her neighborhood, she was delighted with the food and service quali
    12·2 answers
  • Uchimura Corporation has two divisions: the AFE Division and the GBI Division. The corporation's net operating income is $10,900
    8·1 answer
  • Which of the following is considered to be an accrued expense? a.a computer technician has installed the latest software updates
    5·1 answer
  • WJ Group Inc., a large multinational conglomerate, had begun to experience declining revenues over the years. The top management
    10·1 answer
  • John’s Smoothie Stand at Utah’s Wasatch County’s Demolition Derby sells bananas. If John bought 53 lbs. of bananas at $.32 per p
    8·1 answer
  • Athena Jolene, a human resources executive at Thomas Griffith, wants to collect ideas from the company's employees for an upcomi
    12·1 answer
  • Sorry to bother but i need someone to talk to me if your older than 15 don't bother to message thank,you❤
    9·1 answer
  • In contrast to _______ and _______ the obligations of corporations are separate and distinct from the personal obligations of th
    14·1 answer
  • Equipment cost $67,200 and is expected to be useful for 8 years and have no salvage value. unde the straight line method, monthl
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!