1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
dolphi86 [110]
2 years ago
7

A share of​ 5% preferred stock has a par value of $ 60 and market value of $ 80. The owners of the preferred stock will receive

a cash dividend​ of: (Round your answer to the nearest​ cent.)
Business
1 answer:
S_A_V [24]2 years ago
5 0

Answer:

$3 per share

Explanation:

The computation of the cash dividend received is shown below:

The Cash dividend received = Par value × preferred stock dividend rate

                                        = $60 × 5%

                                       = $3 per share

Simply we multiply the par value with the preferred stock dividend rate so that the dividend per share could be computed

All other information which is given is not relevant. Hence, ignored it

You might be interested in
A company had inventory on November 1 of 5 units at a cost of $20 each. On November 2, they purchased 10 units at $22 each. On N
Nady [450]

Answer:

The value of the inventory on November 8 after the sale is $276.

Explanation:

Detailed steps are attached below

7 0
3 years ago
During the current month, a company that uses job order costing purchases $52,000 in raw materials for cash. It then uses $22,00
bulgar [2K]

Answer:

          Account Title                                                           Debit             Credit

           Raw materials inventory                                      $52,000

           Cash                                                                                            $52,000

         Account Title                                                           Debit             Credit

         Factory Supplies                                                 $22,000

         Raw materials                                                                             $22,000

        Account Title                                                           Debit             Credit

        Work in Process inventory                                  $20,100

        Raw materials                                                                              $20,100

3 0
3 years ago
The unauthorized use of intellectual property is called a. royalties. b. international franchising. c. foreign licensing. d. cou
padilas [110]

Answer:

Option D: Counterfeit activity

Explanation:

Counterfeiting activities refer to the wide range of activities that violate the intellectual property rights of individuals. They range from illegal product duplication to piracy and illegal production and sale of a patented product.

Counterfeiting does not only harm the Intellectual property owner, it also affects the nation.  This is because counterfeiting activities discourage creators from investing time and other resources to create novel products for the market that can boost the economy.

<em>The other options are not correct. They mean the following:</em>

Royalties refer to the sum of money that is paid to patent holders over the use f their products.

International franchising refers to the process of given permission to individuals around the world to operate and do business under your brand name, under strict adherence to certain codes  of conduct

foreign licensing refers to is the agreement between two companies to sell each other's products outside their home country.

3 0
2 years ago
Prepare Natura Co.’s journal entries to record the following transactions involving its short-term investments in held-to-maturi
Sliva [168]

Answer: The answer has been attached below.

Explanation:

A journal entry is the record of the business transactions in an accounting books of a business. It is the first step in accounting cycle. The journal details all the financial transactions of a business. The accounts are either recorded in the credit or the debit side of accountings.

The calculation has been attached. Kindly note that the interest was gotten thus:

= 120,000 × 5% × 90/360

= 120,000 × 0.05 × 0.25

= 1500

The journal entry for the whole transactions has been attached.

5 0
3 years ago
Smoltz company had $375,000 of current assets and $135,000 of current liabilities before borrowing $90,000 from the bank with a
QveST [7]
The borrowing transaction WILL INCREASE THE WORKING CAPITAL OF SMOLTZ COMPANY BY $90,000.00.
Working capital is defined as the amount of a company's asset that can be converted into cash in the near future, taking into account the payment which has to be made. Borrowing money increases the amount of working capital that a company has.
6 0
3 years ago
Other questions:
  • Long before a single vote is cast, candidates are hard at work weighing the costs and benefits of running for office. As a part
    9·1 answer
  • A company can sell any mix of Product A and Product B at full capacity. The company has 100,000 hours of capacity. The demand fo
    11·1 answer
  • The following data are for the two products produced by Tadros Company.Product A Product BDirect materials $15 per unit $24 per
    8·1 answer
  • the government believes that the equilibrium price is too low and tries to help almond growers by settinga price floor at Pf. Wh
    13·1 answer
  • A buyer anticipates a house payment of $1,000 per month, with monthly homeowner association fees of $150. The buyer also has a c
    8·1 answer
  • Following are account balances (in millions of dollars) from a recent State annual report, followed by several typical transacti
    6·1 answer
  • What is Average cost
    8·1 answer
  • Pensacola Inc. exchanged old equipment for new equipment in two exchange transactions. Each transaction has commercial substance
    14·1 answer
  • QUESTION 31 Denzil was one of 50,000 people defrauded of $40 in an advertising scam. His best course of action to recover his mo
    9·1 answer
  • Which statement describes the effect of taxes on a traditional 401(k) retirement account?
    7·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!