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3 years ago

Specific statements detailing what the organization intends to accomplish over a short period of time are call

1 answer:

kondor19780726 [428]3 years ago

3 0

Specific statements detailing what the organization intends to accomplish over a short period of time are called objectives. Objectives are stated by the company to keep goals on track and allow the organization to monitor their growth and completion. By keeping objectives open to everyone within the organization, it makes it easier for employees to stay on task and make sure by the end of the period, everything is done.

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ABC Company’s outstanding stock consists of 1,900 shares of noncumulative 5% preferred stock with a $100 par value and 11,900 sh

nekit [7.7K]

Answer:

Preferred dividends paid = $22,900

Common dividends paid = $32,300

Explanation:

As per the data given in the question,

Total value of preferred shares = 1,900 × $100

= $190,000

Annual preferred dividend = $190,000 × 5%

= $9,500

Until $9,500 is not paid in dividends to the preferred shareholders, dividends will not be paid to the common stockholders.

The preferred stock is non-cumulative which indicates, in any year if no preferred dividends are paid or preferred dividends of less than $9,600 is paid in any year, the balance of preferred dividends will not be carried to next year.

So,

Preferred dividends paid = $3,900 + $9,500 + $9,500

= $22,900

Common dividends paid = ( $3900 + $9,800 + $41,500) - $22,900

= $32,300

3 0

4 years ago

Determine which of the statements are examples of market transactions and which are not. Identify statements describing market t

tangare [24]

Answer:

Market transactions are those in which the buyer and seller act in their own self interest.

In not market transaction they are not performed at an arms length and buyer and seller of services do not act on their self interest.

1. Frank takes care of his elderly aunt while she recovers from knee replacement surgery. (not market)

Reason: Non marketed transactions are not at arm's length and not in the self interest of the buyer and seller combine.

2. Jack and Diane buy tickets to the sold out Pirates game from a ticket scalper. (not market)

Reason: The transaction is in the self interest of both buyer and seller but it is an illegal transaction done by ticket scalper to take advantage of the old out factor of the show.

4. The citizens of Marble Cliff, Vermont, get financial relief from the government after a flood destroyed all of their homes. (not market)

Reason: The loss compensation by the government is an intervention in the market to help citizens and not an arms length transaction between buyer and seller.

5. Suzanne gets a used textbook on eBay for much less than its list price at her university's bookstore.(market)

Reason: Ebay is a platform that provides services to connect buyer and seller to sell goods. The transaction is in the self interest of both buyer and seller

6. Norm paints the fence in his front yard on his day off work.(not market)

Reason: non marketed services are not part of the market transactions.

7.Mitchell buys 50 shares of General Motors stock at the going price per share (market)

Reason: Going price is the current market price of the transaction hence it is performed at an arms length in both the interest of the buyer and seller.

6 0

4 years ago

Despite zero population growth, why is the population of the United States growing?

vovangra [49]

People migrating from other countries couples having more than two babies

7 0

3 years ago

Walter used to work as a high school teacher for $40,000 per year but quit in order to start his own painting business. to inves

LekaFEV [45]

d. tyler says his profit is $34,100, and greg says he lost $6,500.

Accounting profit is simply revenues minus explicit (direct) costs whereas economic profit factors in opportunity costs and explicit costs.

7 0

3 years ago

Read 2 more answers

Excel Memory Company can sell all units of computer memory X and Y that it can produce, but it has limited production capacity.

DanielleElmas [232]

Answer:

Product X Product Y

Contribution Margin per $10 $12

Production Hour

Explanation:

The hours used in the product X and product Y is computed as:

Product X Product Y

Units produce in per hour 2 3

Hours used per units 1/2 = 0.5 1/3 = 0.333

The contribution margin per production hours is calculated as, divide the contribution margin by hours as shown below:

Product X Product Y

Contribution margin $5 $4

Hours used 0.5 0.333

Contribution margin per 5/0.5 = 10 4/0.333 = 12

Production Hour

3 0

3 years ago