Answer:
2% dividend for last year and a 6% dividend for this year = 8%
Explanation:
Since the preferred stock yield cumulative interests, the corporation must pay all unpaid dividends plus current dividends before it can distribute dividends to common stockholders. Preferred stock dividends are always paid before common stock dividends.
Since last year the corporation only paid a 4% preferred dividend, the remaining 2% must be added to the current 6% preferred dividend for a total of 8%.
Answer:
WIP-Assembly 20,000 debit
WIP- FInishing 30,000 debit
Manufacturing Overehad 50,000 credit
--to record applied overhead per department--
FInished Goods 40,000 debit
WIP- Finishing 40,000 credit
--to record transferred-out units to finished goods--
Explanation:
To allocate the manufacturing overhead we will credit the overhead account (origin of the cost) and debit the WIP of each department (destination of the cost)
For the Transferred-out we credit the WIP-finishing (origin) for the amount finished and debit the finished goods inventory (destination)
Answer:
The multiple choices are:
A decrease of $9,500.
An increase of $9,500.
An increase of $30,500.
A decrease of $30,500.
An increase of 73,500.
The correct option is a decrease of $9,500
Explanation:
The changes in stockholders' equity is in the form of the difference between inflow to stockholders and outflow to stockholders.
Inflow to stockholders is the earnings attributable to them in form of net income while outflow is the dividends paid to them.
net income=revenues-expenses=$96,000-$85,500=$10,500
Dividends were paid to the tune of $20,000
change in stockholders' equity=$10,500-$20,000=-$9,500
In essence ,the opening balance of stockholders' equity went down by $9,500 since the net income generated of $10,500 was not enough to fund dividend payment
Answer:
A. The segregated account should be reported as a non-current asset, the regular account should be reported as a current asset, and the overdraft should be reported as a current liability.
Explanation:
Cash which is segregated and deposited into a bond sinking fund is presented in a classified balance sheet as a non-current asset because its use is restricted. Bank overdrafts are presented as current liabilities, unless other accounts at the same bank contain sufficient cash to offset the overdraft. The operating account that has a positive balance, should be presented as a current asset.
Nancy, who was a Viagra saleswoman in Utah before moving to Florida, would be considered <u>frictionally unemployed</u>.
<h3>What is frictional unemployment?</h3>
Frictional unemployment exists in a situation when a person could be gainfully employed but decides to seek employment elsewhere.
The movement from employed status to seeking employment creates frictional unemployment.
Thus, Nancy, who was a Viagra saleswoman in Utah before moving to Florida, would be considered <u>frictionally unemployed</u>.
Learn more about frictional unemployment at brainly.com/question/11481076
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