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3 years ago

Chicago Company reported the following information at the end of the current year

Business

1 answer:

Nookie1986 [14]3 years ago

5 0

Answer:

37,000 common stock outstanding

preferred stock dividends = $82,000 x 10% = $8,200

Case A The preferred stock is noncumulative, the total amount of dividends is $32.000

dividends distributed to preferred stockholders = $8,200
dividends distributed to common stockholders = $32,000 - $8,200 = $23,800

since the preferred stocks are non-cumulative, if dividends are not paid during a certain they are "lost" and will not be recovered.

Case B The preferred stock is cumulative, the total amount of dividends is $24,600

dividends distributed to preferred stockholders = $8,200 x 3 = $24,600
dividends distributed to common stockholders = $0

Case C The pretend stock is cumulative, the total amount of all dividends is $90,200

dividends distributed to preferred stockholders = $8,200 x 3 = $24,600
dividends distributed to common stockholders = $90,200 - $24,600 = $65,600

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Consultant Co. is in the business of public relation consulting. The firm has two units: Government (working with various levels

Leto [7]

Answer: See attachment

Explanation:

a. Based on the information in the attachment, the indirect costs that's allocated to the units will be:

Government = 450,000

Corporate = 750,000

The expected revenue that can be generated from the government unit will be:

= 495,000 × (100% + 15%)

= 495,000 × 1.15

= $569250

b. Based on the information given, the indirect costs that's allocated to the units will be:

Government unit = 360,000

Corporate unit = 840,000

The revenue from the government will be:

= 405000 × (100% + 15%)

= 405000 × 115%

= 405000 × 1.15

= $465750

c. If the firm chooses total hours worked as the cost driver, the indirect costs be allocated to the two units as:

Government = 400,000

Corporate unit = 800,000

Revenue from government will be:

= 445000 × 115%

= 445000 × 1.15

= $511750

Check attachment for further explanation.

6 0

2 years ago

What are the requirements for being a dental assistant?

AlexFokin [52]

1. Determine whether you possess general characteristics to become a dentist.
2.Complete your prerequisite educational requirements.
3.Take the Dental Admissions Test (DAT).
4.Apply for admission to a dental school.
5.Attend dental school.

7 0

3 years ago

What do you understand by forester?

FromTheMoon [43]

That he will forever stay by the position

6 0

2 years ago

Lydia Hagberg went to her bank, California Federal Bank, FSB, to cash a check made out to her by Smith Barney (SB), an investmen

user100 [1]

Answer:

Yes the absolute privilege for communications made in judicial or other official proceedings apply to statements made when a citizen contracts the police to report suspected criminal activity

Explanation:

Absolute priviledge for communication is the provision that covers a person from legal action on grounds of defamation for statements made. Under certain circumstances a person can make defamatory statements and be immune from legal action.

In this scenario Lydia Harberg went to California Federal Bank to cash a check that was suspected to be fake.

Nolene Showalter contacted SB to confirm. Based on the information provided at that time, the check was confirmed to be fake. The implication was that a fraud was being perpetrated.

So his action of calling the police is justified. SB only verified they gave out wrong information the first time

8 0

3 years ago

Exercise 18-12 Computing sales to achieve target income LO C2 Blanchard Company manufactures a single product that sells for $31

photoshop1234 [79]

Answer:

The unit sales to earn the target income is 9,000 units

Explanation:

Annual income=Total sales-total expenses

where;

Annual income=$1,550,000

Total sales=Cost per unit sales×number of units sold (n)=(310×n)=310 n

Total expenses=Variable cost+annual fixed cost

Total expenses=(248×n)+992,000

Total expenses=248 n+992,000

Replacing;

1,550,000=310 n-(248 n+992,000)

1,550,000=310 n-248 n-992,000

310 n-248 n=1,550,000-992,000

62 n=558,000

n=558,000/62

n=$9,000

The unit sales to earn the target income is 9,000 units

3 0

3 years ago