Answer:
The correct option is a. $200 preferred; $19,800 common.
Explanation:
These can be calculated as follows:
Dividends paid to preferred shareholders in 2015 = Number of outstanding shares of noncumulative preferred stock * Preferred stock par value * Dividend percentage of preferred stock = 400 * $10 * 5% = $200
Dividends paid to common shareholders in 2015 = Dividend declared and paid in 2015 - Dividends paid to preferred shareholders in 2015 = $20,000 - $200 = $19,800
Therefore, the correct option is a. $200 preferred; $19,800 common.
Answer:
D. Firms like Hallmark Cards have developed greeting cards with sentiments specifically created for step parents, step children, and step siblings.
Explanation:
The statement most accurate about the American Blended Family is "Firms like Hallmark Cards have developed greeting cards with sentiments specifically created for step parents, step children, and step siblings."
The challenges of the modern family as caused Card producing firms to produce cards with sentiments specifically developed for step parents, step children, and step siblings.
With nearly half of kids in the United States, Canada, Australia, and the United Kingdom ( as well as several other countries) having at least one step parent in their extended family. It is only imperative for a firm like Hallmark to look into this lucrative card openings as Parents, Children and siblings alike getting cards for their step child and step sibling are on the increase.
This as prompted firms like Hallmark to infuse and commodify sentiment into their cards, with these sentiments aiming and targeted at developing cards for step parents, step children, and step siblings.
Answer:
United States United Kingdom, Singapore, Canada
Explanation:
The free market system is an economic model where demand and supply forces determine production. The government does not interfere with economic transactions in the country. In the free market economy, the factors of production are in the hands of the private sector.
Free-market economies contrast with command economies where the government owns and controls production the factors of production. China, Russia, North Korea, and Cuba are countries with command economic model.
Answer:
D) $5,040
Explanation:
LIFO represents last in first out. This means the last item bought is the first to be sold.
Since 2300 units were sold, subtracting from the last item bought
2300-600-800-600 = 300
Opening inventory or 1000 minus 300 = 700
700 x $7.2 = $5,040
Answer:
Substantially all of the fair value of the asset
Explanation:
A lease is a contractual arrangement by which a lessor provides a lessee the right to use an asset for a specified period of time.
A financial leases is when a lessee has, in substance, purchased the lease asset, assumed when one of five classification is met. which are
1. The agreement specifies that ownership of the asset transfer to the lessee
2. The agreement contains a purchase option that the lessee is reasonably certain to exercise (bargain purchase option)
3. The lease term is for "major part" of the remaining economic life of the underlying asset.
4. the present value of the lease payments equals or exceeds "substantially all" of the fair value of underlying asset.
5. The underlying assets is of such a specialized nature that it is expected to have no alternative use to the lessor at the end of the lease term.