Answer:
Return on common stockholders' equity=0.0933=9.33 %
Explanation:
Net Income=$200,000
Preferred Stockholder Dividends=Number of shares* value per share*interest
Preferred Stockholder Dividends=10000*$100*6%
Preferred Stockholder Dividends=10000*$100*0.06
Preferred Stockholder Dividends=$60,000
Average Common stockholders' equity= (Equity at start of year+Equity at end of year)/2
Average Common stockholders' equity= 
Average Common stockholders' equity=$1,500,000
Return on common stockholders' equity=(Net Income-Preferred Stockholder Dividends)/Average Common stockholders' equity
Return on common stockholders' equity=
Return on common stockholders' equity=0.0933=9.33 %
Answer:
$3,553
Explanation:
Credit losses = Net credit sales × Historical percentage of credit losses
= $131,750 × 3%
= $3,953
Allowance for doubtful account has a credit balance of $400
The estimated bad debt expense can therefore be calculated as:
Bad debt expense = Credit losses - Allowance for doubtful accounts credit balance
= $3,953 - $400
= $3,553
Hence, the estimated bad debt expense using the percentage of credit sales method is $3,553
<span>The use of personal selling, advertising, public relations and sales
promotion is known as the promotion mix.
</span><span>The promotional mix is one of the 4 Ps of the marketing mix. It consists of public relations, advertising, sales promotion and personal selling.</span>
Answer:
False
Explanation:
No matter what a company does the possibility of fraud cannot be avoided.
