Employers may review your _______ to learn more about you.

"When ClubCorp had an attrition problem, they hired a market research company to get to the bottom of things. What two things di

lara [203]

Cost of Membership
benefits of membership

5 0

3 years ago

Everett Company has outstanding 30,000 shares of $50 par value, 6% preferred stock and 70,000 shares of $1 par value common stoc

hoa [83]

Answer:

See explanation section.

Explanation:

Requirement A

If the preferred stock is cumulative, cash dividends paid to each class of stock is as follows:

1st year = Cash dividend's for common stock = $0

Cash dividend's for preferred stock = $0

As there is no declaration of cash dividend for the first year.

As the preferred stock is cumulative, preferred dividends for the first year will be given in the 2nd year.

2nd year = Cash dividend's for common stock = $310,000 - $8,400

= 301,600

Cash dividend's for preferred stock = $4,200 + $4,200 = $8,400

<em>Calculation:</em> 1st year dividend = 70,000 × $1 × 6% = $4,200. It will remain same in the 2nd year for the preferred stock.

3rd year = Cash dividend's for common stock = $90,000 - $4,200

= $85,800

Cash dividend's for preferred stock = $4,200

Preferred dividend's remain same for the 3rd year too.

Requirement B

If the preferred stock is non-cumulative, cash dividends paid to each class of stock is as follows:

1st year = Cash dividend's for common stock = $0

Cash dividend's for preferred stock = $0

As there is no declaration of cash dividend for the first year.

As the preferred stock is non-cumulative, preferred dividends for the first year will not be given in the 2nd year.

2nd year = Cash dividend's for common stock = $310,000 - $4,200

= 305,800

Cash dividend's for preferred stock = $4,200

<em>Calculation:</em> 2nd year dividend = 70,000 × $1 × 6% = $4,200.

3rd year = Cash dividend's for common stock = $90,000 - $4,200

= $85,800

Cash dividend's for preferred stock = $4,200

Preferred dividend's remain same for the 3rd year too.

5 0

3 years ago

If GDP is expected to increase at a steady rate of 3% per year, how many years would it take for living standards to double

Troyanec [42]

Answer:

24 years

Explanation:

In a situation where a country GDP which is fully known as GROSS DOMESTIC PRODUCT was been expected to increase or grow at a rate of 3% per year or per annual which means that it will actually takes up to 24 years for a country economy living standard to double .

Therefore the numbers of years it would take for a country living standards to double will be 23 years.

5 0

2 years ago

Manuel Rios wishes to determine how long it will take an initial deposit of $13 comma 000 to double. a. If Manuel earns 9% ann

Lorico [155]

Answer:

See Below

Explanation:

This is a problem of compound interest. The formula is:

$F=P(1+r)^t$

Where

F is the future value

P is the present value

r is the rate of interest

t is the time in years

P = 13,000

To double his money, that means, F = 26,000

a)

Now, r = 9% = 0.09, so time it takes:

$F=P(1+r)^t\\26,000=13,000(1+0.09)^t\\2=1.09^{t}\\t=\frac{Ln(2)}{Ln(1.09)}\\t=8.04$

So, its gonna take about 8.04 years to double

b)

Similarly, here we just use r = 0.06, so the calculation is:

$F=P(1+r)^t\\2=1.06^t\\t=11.9$

So, its gonna take about 11.9 years to double

c)

Here, the r is 11% or 0.11

So, the time it will take:

$F=P(1+r)^t\\2 = 1.11^t\\t=6.6$

So, it is going to take about 6.6 years to double

d)

The amount of time it takes to double his money decreases as the interest rate increases and the time increases as interest rate decreases.

8 0

2 years ago

Which of the following statements is CORRECT?

Lera25 [3.4K]

Answer:

c. The "apparent," but not necessarily the "true," financial position of a company whose sales are seasonal can change dramatically during a given year, depending on the time of year when the financial statements are constructed.

Explanation:

Financial statements are used to show the financial activity of a business within a given period.

One of the principles of a accounting is periodicity. This requires businesses to report their financial position at regular intervals consistently, and not in an inconsistent manner. So if a business reports their finances twice a year. At year end and at mid year, it is possible that at mid year due to seasonal sales performance will be high and business is perceived to be highly profitable.

But financial report at end of year in the off-season will show low performance.

So for seasonal businesses there can be apparent view of a business during the year that can change dramatically because of time at which reports are made.

3 0

2 years ago