Answer:
Since the preferred dividends are cumulative, any dividends not paid last year will be paid this year before any common dividends are paid.
Preferred dividends = 10,000 x $20 x 7% x 2 = $28,000
Dividends per preferred stock = $28,000 / 10,000 = $2.80
Common stocks dividends = $50,000 - $28,000 = $22,000
Dividends per common stock = $22,000 / 90,000 = $0.24
When Men's Wearhouse fired a salesperson who wasn't sharing walk-in customer traffic, and total clothing sales volume among all salespeople increased significantly, the company reduced destructive internal competition.
<h3>What is a destructive competition?</h3>
- Multiple producers being driven out of the market by competition.
- When there are numerous manufacturers of a good, prices are frequently driven down to the point that nobody makes a profit, which is when destructive competition takes place.
<h3>What do you mean by internal competition?</h3>
- The aforementioned components are the foundation of our concept of internal competition, which is senior management-sanctioned duplication or overlap of activity within the firm's boundaries in an effort to resolve market or technology uncertainties.
<h3>Is competition is constructive or destructive?</h3>
- However, competition can really be divided into two types: healthy competition and unhealthy competition.
- Two competitors may work better together or may just cause mutual stress, similar to waves crashing into one another to create a larger wave.
Learn more about destructive internal competition here:
brainly.com/question/27911918
#SPJ4
Answer:
The correct answer is Prepare a trial balance.
Explanation:
The trial or verification balance is an accounting report where the amounts of the balances of all the accounts of a company's general ledger are collected. Debit balances are listed in one column and credit balances in another column. The total of these two columns must be identical.
A company prepares a trial balance generally at the end of each reporting period, with the purpose of ensuring that the entries in a company's accounting system are mathematically correct.
Answer:
November 1
Dividend $7,800 (debit)
Shareholders for Dividends $7,800 (credit)
December 31
Shareholders for Dividends $7,800 (debit)
Cash $7,800 (credit)
Explanation:
November 1
Dividend $7,800 (debit)
Shareholders for Dividends $7,800 (credit)
Recognize an Equity Item - Dividend and also recognize a liability - Shareholders for Dividends
December 31
Shareholders for Dividends $7,800 (debit)
Cash $7,800 (credit)
De-recognize the Liability-Shareholders for Dividends and also de-recognize the Cash Asset
In economics, income elasticity of demand measures the response
of the number demanded for a good or service to a change in the income of the people
demanding the good or service. The formula for calculating this metric is:
Income Elasticity Demand =
Change in Quantity Demanded / Change in Income
Income Elasticity Demand =
55 nights – 33 nights / $600 - $400
Income Elasticity Demand =
0.11 = 11%
Since
<span>Income Elasticity Demand is 0.11 or 11%
(positive number), therefore this means that an increase in income of the
people leads to an increase in the demand of nights dining out.</span>
