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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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2 years ago
Can an individual's financial situation change his or her views of what is
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George owns four dry cleaning stores in the suburbs of Orlando, Florida. He recently updated his STP analysis and has finished a
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Answer:

how to allocate resources among his four stores.

Explanation:

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5 0
3 years ago
Harding Corporation acquired real estate that contained land, building and equipment. The property cost Harding $1,235,000. Hard
olya-2409 [2.1K]

Answer:

The value recorded for the building = $140,000

Explanation:

From the appraisal of the property, the following information is given:

Value of land = $296,000

Value of building = $880,000

value of equipment = $584,000

Total = 296,000 + 880,000 + 584,000 = $1,760,000

Next, we will calculate the percentage of the total value allocated to the building as follows:

Percentage allocated to building = (value of building ÷ total value) × 100

= (880,000 ÷ 1,760,000) × 100

= 0.5 × 100 = 50%

Next, since we now know that the building takes 50% of the property cost, and since $280,000 was paid, the value recorded for building will be 50% of the $280,000 paid, and this is calculated as follows:

value recorded for building = 50% of 280,000

= 50/100 × 280,000 = 0.5 × 280,000 =  $140,000

6 0
3 years ago
General Widget partnership assets amount to $34,000 after liquidation. Frank, Gene, and Hank, equal partners, each contributed $
maks197457 [2]

Answer:

$7,000

Explanation:

Balance to be distributed = Assets amount after liquidation - Creditor - Gene loan to the business

Therefore,

Balance to be distributed = $34,000 - $23,000 - $5,000 = $6,000

Since there is no agreement among the partners regarding the distribution of profits, the amount to be distributed will be shared equally for each partners as follows:

Each partner's of the amount to be distributed = $6,000/3 = $2,000

Amount received by Gene = Loan amount from + Distributed balance share

                                             = $5,000 + $2,000

Amount received by Gene = $7,000

Therefore, Gene gets $7,000 in distribution.

8 0
3 years ago
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