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Zielflug [23.3K]
3 years ago
9

The Arcadia Company has 200,000 shares of cumulative, seven percent, $200 par value preferred stock outstanding. Last year the c

ompany failed to pay its regular dividend, but the board of directors would like to resume paying its regular dividend this year. Calculate the dividends in arrears and the total dividend that must be paid this year.
Business
2 answers:
ch4aika [34]3 years ago
5 0

Answer:

Dividend in arrears =$2,800,000

Total due this year = $ 5,600,000

Explanation:

Dividend payable per share = Dividend rate (%) × nominal value per share

= 7%× 200 = $14

<em>Arrears dividend </em>

= $14 × 200,000

= $2,800,000

<em>Dividend due for payment this year</em>

Dividend in arrears=2,800,000

Dividend this year =  2,<u>800,000</u>

Total due                    5,600,000

   

mr_godi [17]3 years ago
4 0

Answer:

the dividends in arrears = $2,800,000

the total dividend that must be paid this year = $5,600,000

Explanation:

<u>the dividends in arrears</u>

Last Year = 200,000 shares × $200 × 7%

                = $2,800,000

<u>total dividend that must be paid this year</u>

<em>Note : The Preference Shares are cumulative meaning that arrears in dividends are accumulated to be paid at a future date</em>

Last Year`s Dividend          $2,800,000

<em>Add </em>This Year`s Dividend  $2,800,000

Total                                     $5,600,000

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Consider the following statements regarding Company A and Company B:The two companies have identical operating results but have
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Answer:

A. A only

Explanation:

U.S. Generally Accepted Accounting Principles (GAAP) does not allow property, plant, and equipment to be written up or revalued. If the fair value of PP&E falls below the book value and the amount is material then a company must write down the asset to fair value.

Since under US GAAP, once PPE is written, it can not be reversed. as Company B is indicated to have reversed the write down while company A did not. It therefore means that Company A only is reporting under US GAAP.

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3 years ago
A stock will have a loss of 13.6 percent in a recession, a return of 12.3 percent in a normal economy, and a return of 27 percen
SpyIntel [72]

Answer:

Standard deviation =21.34

Explanation:

<em>Standard deviation is measure of the total risks of an investment. It measures the volatility in return of an investment as a result of both systematic and non-systematic risks. Non-systematic risk includes risk that are unique to a company like poor management, legal suit against the company .</em>

<em>Standard deviation is the sum of the squared deviation of the individual return from the mean return under different scenarios</em>

Expected return (r) = (13.6% × 0.33 ) +  (12.3% × 0.36)  + (27%× 0.31)=17.3%

Outcome           R       (R- r )^2           P×(R- r )^2

Recession        13.6       13.6                 4.5

Normal         12.3         24.9                  8.9

Boom           27%        94.4              <u>     29.3 </u>

Total                                                <u>   42.7 </u>

Standard deviation = √42.7 = 21.34

Standard deviation =21.34

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2 years ago
Fev and Company has a projected balance sheet that includes the following accounts. Cash $ ? Marketable securities 228,000 Accou
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Answer:

C. $ 344,000

Explanation:

In the balance sheet, the assets, liabilities, and stockholder equity is recorded. In this the accounting equation is used which is shown below:  

Total assets = Total liabilities + stockholder equity  

which equals to

Total assets = $1,570,000 + $2,382,000

                    = $3,952,000

And, the total assets equal to

Total assets = Cash + Marketable securities + Accounts receivable + Inventory + Non-current assets

$3,952,000 = Cash + $228,000 + $860,000 + $490,000 + $2,030,000

$3,952,000 = Cash + $3,608,000

So, the cash would be

= $344,000

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3 years ago
Importance of technology in today's industry?​
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Answer:

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