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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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In this growing economy and competitive world, it is important for any business to maintain a good customer relationship by providing value to the customers. However, focusing only on profit maximization will not benefit the business in the long run.

Focusing on profit maximizing the profit will benefit the organisation in the short term and the company will only think about business interest keeping the costumers and society interest aside.

Explanation:

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4 years ago

Yolanda manages a Best Sleep Inn along an interstate highway. She knows from experience that 5 to 10 last-minute customers will

BaLLatris [955]

Answer:

D. durable perishable

Explanation:

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3 years ago

Do you think George will be approved for one of the three cards on his list? Why or why not.

ELEN [110]

George will be approved for a credit card only if he has a positive credit history, and if he meets the requirements the bank asks for.

Obtaining a credit card for most people depends on two main factors:

A positive credit history: This factor implies the customer has shown positive behavior in terms of payments, and due to this, this person can be trusted.
Meet the requirements: Many banks as for specific requirements to approve a credit card. The most common requirements are:

Be at least 21 years old.
Receive an income every month.
Not having higher debts.

Note: This question is incomplete because the descriptions of the three cards are missing; due to this, I answered based on general knowledge.

Learn more about credit card in: brainly.com/question/1113886

3 0

3 years ago

Assume the annual retention rate for a cell phone subscriber is 70 percent and the customer generates $300 per year in profit. A

daser333 [38]

Answer:

The value of a customer is $193.2.

Explanation:

The value of the customer can be calculated by considering the profit they generate, retention rate, and the discount.

Value of a customer = Profit per year * Retention rate * (1 - discount)

Value of a customer = 300 * 0.7 * (1 - 0.08)

Value of a customer = 300 * 0.7 * 0.92

Value of a customer = 193.2

Thus, the value of a customer is $193.2.

3 0

3 years ago

Holly Farms has sales of $581,600, costs of $479,700, depreciation expense of $32,100, and interest paid of $8,400. The tax rate

Zepler [3.9K]

Answer:

B. $35,612

Explanation:

The net income which shall be earned by the Holly Farms shall be determined through following mentioned formula:

Sales $581,600

Costs ($479,700)

Depreciation expense ($32,100)

Interest expense ($8,400)

Income before tax $61,400

[email protected]% ($25,788)

Net income for year $35,612

So based on the above discussion, the answer is B. $35,612

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4 years ago