Answer: The answer is as follows:
Explanation:
Each item is classified as follows:
(a) Issuance of ownership shares - Common Stock
(b) Land purchased - Assets
(c) Amounts owed to suppliers - Liabilities (Accounts Payable)
(d) Bonds payable - Liabilities
(e) Amount earned from selling a product - Revenue
(f) Cost of advertising - Expense
Answer:
Total equivalent units of materials =67,000 units
Explanation:
Equivalent unit is computed as follows:
Equivalent units =Degree of completion × units of inventory
Fully worked = 67,000-6,700= 60,300
Closing inventory = 6,700
<em>Item Equivalent unit</em>
Fully worked 100%× 60,300= 60,300 units
Closing inventory = 100%× 6,700=<u> 6,700</u> units
Total equivalent units 67,000 units
<em>Note that we used 100% as the degree of completion for materials because materials required are always added at the beginning of the process</em>
Answer:1 reason Apple has been so successful can be traced to Steve Jobs. When Apple first went public in 1980, it was worth about $100 million under the leadership of Jobs, who left Apple in 1985. ... When he rejoined in 1997, he faced the task of restructuring an organization that was on the brink of bankruptcy.
Explanation:
Answer:
The amount of dividends paid to common stockholders in 2021 $18000.
Explanation:
The cumulative preferred stock is the stock that accumulates dividends when the dividends are partially or not paid at all in a certain year. The dividends must be paid in the future.
The common stock holders are paid after the preferred stockholders are paid.
The preferred stock dividend per year = 400000 * 0.06 = $24000 per year
As the cash dividends paid in 2019 and 2020 are $20000 each,
The dividend outstanding on preferred stocks for 2019 is = 24000 - 20000 = $4000
Similarly, the dividends outstanding on preferred stocks for 2020 is = 24000 - 20000 = $4000
The total dividends outstanding at start of 2021 = 4000 + 4000 = $8000
Preferred dividend for 2021 = 24000
Total dividend on preferred stock = 24000 + 8000 = $32000
The amount of dividends that common stock holders will receive in 2021 = 50000 - 32000 = $18000
