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JulsSmile [24]
3 years ago
6

Sunland, Inc. has 3600 shares of 5%, $50 par value, cumulative preferred stock and 72000 shares of $1 par value common stock out

standing at December 31, 2019, and December 31, 2018. The board of directors declared and paid a $3100 dividend in 2019. In 2020, $17000 of dividends are declared and paid. What are the dividends received by the preferred and common shareholders in 2020?
Business
1 answer:
alex41 [277]3 years ago
3 0

Answer:

$15,000 and $17,000

Explanation:

The computation is shown below:

But before that we have to determine the total dividend of preference stock i.e

= 3,600 shares × 5% × 50%

= $9,000

Now the 3,100 is paid, so the remaining amount is

= $9,100 - $3,100

= $6,000

So the total dividend paid to preference shareholders is

= $9,000 + $6,000

= $15,000

And for common shareholders, it is

= $17,000 - $15,000

= $2,000

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Novak Corp. has 44,000 shares of $11 par value common stock outstanding. It declares a 11% stock dividend on December 1 when the
Sliva [168]

Answer: The answer has been provided below

Explanation:

From the information given in the question, the number of shares that are allotted as stock dividend will be:

= 44,000 × 11%

= 44,000 × 0.11

= 4840

Stock dividend:

= 4840 × $19

= $91960

The common stock dividend shared:

= 4840 × $11

= $53240

4 0
3 years ago
List at least 6 things your credit card company must clearly disclose to consumers.
never [62]

It is important to review the credit card disclosure for information on APRs, Penalties, Grace periods, Minimum financing charges, Calculation methodologies, and Fees.

An explanation of all the fees, charges, interest rates, and conditions that a consumer can encounter when using the credit card is contained in a credit card disclosure. The legislation requires disclosure of this information by organizations that provide credit cards. The disclosures on credit cards offer clear information about costs and charges. They also encourage rivalry. To allow consumers to evaluate credit cards more effectively, it is legally necessary of all credit card companies to give the same price information. They can pick the one that better serves their tastes in terms of price.

The interest rate that a client will pay on outstanding balances is the most obvious example of a cost listed on a credit card disclosure. Basic elements like the monthly payment deadlines will also be covered in the disclosure.

Learn more about Credit Card here:

brainly.com/question/28800758

#SPJ4

8 0
1 year ago
Jason is developing a research design for a study of wine drinkers. The target population is widely dispersed. Jason needs to co
White raven [17]

Answer:

The type of data collection which is most appropriated here is A) communication.

Explanation:

For Jason to collect the data for his study on wine drinkers , he needs to communicate the people who have tasted the wine, he needs to listen to those peoples stories , their evaluation about the wine , do they like it or not . Jason needs to meet those people to understand their communication characteristics, it will be really important on the Jason's part to get an insight in to what these people think about wine and enact their realities.

6 0
3 years ago
"modern technology is developed from traditional technology".Explain​
Sindrei [870]

Answer:

We use various tools that we have adopted from early times. This can include the wheel, a very small example but a point proving one. It was a very old technological development, much to do with machinery though now we still use it in more advanced ways like the wheels of an aeroplane. Another technology development with meaning are computers. Earlier huge computers were used but when we see today they are more advanced in speed, accessibility and performance. Calculations were extremely hard to perform on earlier computers but when we see the much advanced laptop or p.c it is not very evident. Hope this helps you!

6 0
3 years ago
Webster's has sales of $649,000 and a profit margin of 7.2 percent. the annual depreciation expense is $102,600. what is the amo
Dimas [21]
Operating cash flow = ($649,000 x .072) + $102,600 = $149,328. In financial accounting, operating cash flow or as called as OCF in which cash flow provided by operations, cash flow from operating activities or as called as CFO or free cash flow from operations or as called as FCFO bring up to the sum of cash a company produces from the revenues it brings in not including costs related with long-term investment on capital items.
7 0
4 years ago
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