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
vazorg [7]
2 years ago
12

Pronghorn Corp has 3,200 shares of 8%, $103 par value preferred stock outstanding at December 31, 2017. At December 31, 2017, th

e company declared a $123,000 cash dividend. Determine the dividend paid to preferred stockholders and common stockholders under each of the following scenarios. 1. The preferred stock is noncumulative, and the company has not missed any dividends in previous years. The dividend paid to preferred stockholders $ The dividend paid to common stockholders $ 2. The preferred stock is noncumulative, and the company did not pay a dividend in each of the two previous years. The dividend paid to preferred stockholders $ The dividend paid to common stockholders $ 3. The preferred stock is cumulative, and the company did not pay a dividend in each of the two previous years. The dividend paid to preferred stockholders $ The dividend paid to common stockholders
Business
1 answer:
-Dominant- [34]2 years ago
5 0

Answer:

1) The dividend paid to preferred stockholders is $26,368

The dividend paid to Common stockholders is $96,632

2)  The dividend paid to preferred stockholders is $26,368

The dividend paid to Common stockholders is $96,632

3) The dividend paid to preferred stockholders is $79,104

The dividend paid to Common stockholders is $43,896

Explanation:

1) The preferred stock is non-cumulative & the company has not missed any dividend in previous years

The dividend paid to preferred stockholders = 3,200 shares × $103 × 8 % = $26,368

The dividend paid to Common stockholders = $123,000 - $26,368  = $96,632

2) The preferred stock is non cumulative & the company did not pay dividend in each of the previous 2 years.

The dividend paid to preferred stockholders = 3,200 shares × $103 × 8 % = $26,368

The dividend paid to Common stockholders = $123,000 - $26,368  = $96,632

3) The preferred stock is cumulative & the company did not pay dividend in each of the previous 2 years.

The dividend paid to preferred stockholders = 3,200 shares × $103 × 8% × 3 years = $79,104

The dividend paid to Common stockholders = $132,000 - $86,400 = $43,896

You might be interested in
Which of the following ways people organize themselves has the strongest emotional bond?
a_sh-v [17]
Um it’s probably Primary group but if I’m wrong sorry
5 0
3 years ago
At Smartech, a company dealing in software products, employees often complain about the lack of clarity regarding the tasks they
Yuliya22 [10]

Answer:

(B) Analysis and design of work

Explanation:

HR functions , to resolve some problems like ,

  • Recruiting the Right People for the Right Job profile
  • Maintaining a Safe and healthy Environment
  • Compensation and Benefits
  • Employer-Employee Relations
  • Training and Development

Along with , listening to the complains and resolving them ,

As in this case , due to lack of clarity of the plan and resolving the conflicts at the work place .

5 0
2 years ago
The Pita Pit borrowed $198,000 on November 1, 2021, and signed a six-month note bearing interest at 12%. Principal and interest
pantera1 [17]

Answer:

$3,960

Explanation:

The Borrowed amount is $198,000 on November 1, 2021.

The interest expense  at December 31, 2021 is calculated as shown below:

I=PRT

R=12%=0.12

P=$198,000

T=2 Months=(2/12) year

I=198,000*0.12*(2/12)

I=$3960

The correct option will be "B. $3,960."

5 0
2 years ago
During its first year of operations, Bramble Corp. had these transactions pertaining to its common stock. Jan. 10 Issued 25,200
crimeas [40]

Answer and Explanation:

The journal entries are shown below:

a.

On Jan 10

Cash Dr $100,800 (25200 shares × $4 )

              To Common Stock  $100,800

(Being the common stock is issued)

To record this, we debited the cash as it increased the assets and, at the same time, it also increased the total equity of the stockholder so common stock is credited

On July 1

Cash $357,000  (51,000 shares × $7)

     To Common stock $204,000  (51,000 shares × $4)

      To Additional Paid in capital in excess of par value - Common stock   $153,000  (51,000 shares × $3)

(Being the issuance of the common stock is recorded)

To record this, we debited the cash as it increased the assets and, at the same time, it also increased the total equity of the stockholder and the common stock is credited with the additional capital paid for common stock

b.

On Jan 10

Cash $100,800  (25,200 shares × $4)

     To Common stock $25,200  (25,200 shares × $1)

      To Additional Paid in capital in - Common stock   $75,600   (25,200 shares × $3)

(Being the issuance of the common stock is recorded)

To record this, we debited the cash as it increased the assets and, at the same time, it also increased the total equity of the stockholder and the common stock is credited with the additional capital paid for common stock

On July 1

Cash $357,000  (51,000 shares × $7)

     To Common stock $51,000  (51,000 shares × $1)

      To Additional Paid in capital in - Common stock   $306,000   (51,000 shares × $6)

(Being the issuance of the common stock is recorded)

To record this, we debited the cash as it increased the assets and, at the same time, it also increased the total equity of the stockholder and the common stock is credited with the additional capital paid for common stock

8 0
3 years ago
Over the course of 40 years, sal grew his company to six package shipping stores. with his retirement approaching and the increa
Stella [2.4K]
Based on the given scenario above, what Sal's reduction of effort represents DEFENSIVE STRATEGY. Defensive strategies are techniques that are utilized in order to combat an attack for possible competitors. In Sal's situation, since she is approaching retirement, her back up plan to decrease the possibility of having problems in the business is to reduce the number of locations.
8 0
3 years ago
Other questions:
  • Beta Corp., a gaming software company, had recently launched a new game. The target audience identified by the company was the a
    13·1 answer
  • The _____ phase of the baldrige roadmap to performance excellence is characterized by action on the feedback, usually by incorpo
    5·1 answer
  • The difference between the actual allocation base​ (actual quantity) and the amount of the allocation base that should have been
    13·1 answer
  • What is the marginal product? (A.)amount of input used in the coat of production (B.)increase in input added by the last unit ou
    13·1 answer
  • Analyzing income distribution would include all of the following EXCEPTa. the purchasing power of various age groups.b. the disc
    11·1 answer
  • If a purchase agreement says to release earnest money after the inspection date, then the seller demands the money be release pr
    6·1 answer
  • If the variable cost per unit goes down, a. Contribution margin increases and Break-even point decreases. b. Contribution margin
    11·1 answer
  • Ellen Carson’s sales for 5 months were $26,908, $28,386, $28,730, $27,290, and $29,009. What must be her sales next month if she
    12·1 answer
  • according to the international data corporation (idc), what is that crucial ability that will make cloud computing essential for
    13·1 answer
  • Current account and ______ account are the two major components of a statement that summarizes all debit and credit transactions
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!