Answer:
$40,000
Explanation:
Calculation to determine the amount of dividends received by the common stockholders in 2017
First step is to calculate the preferred stock
Preferred stock=(5,000 shares*$400)*6%
Preferred stock=$2,000,000*6%
Preferred stock=$120,000
Now let calculate the amount of dividends received by the common stockholders in 2017
Dividend Received=($200,000-$120,000)/2
Dividend Received=$80,000/2
Dividend Received=$40,000
Therefore the amount of dividends received by the common stockholders in 2017 will be$40,000
The Cost of Goods Sold for 2019 is forecasted to be $30,600.
<h3>What is Cost of Goods sold?</h3>
This refers to total amount that a firm paid as a cost directly related to the sale of products.
The Sales Growth between the years 2018 and 2019 is 2% (8%-6%).
Because the 2018 Cost of Goods Sold equals $30,000, then, it will be adjusted according to the sales growth recorded in the subservience year.
Cost of Goods Sold (2019) = $30,000 *(1+0.02)
Cost of Goods Sold (2019) = $30,000 *1.02
Cost of Goods Sold (2019) = $30,600
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Answer:
B. $300,000
Explanation:
Macaw Corporation increased its E & P last year for the entire amount of the deferred gain on the installment sale. Since one-half of the $800,000 gain is included in taxable income in the current year, taxable income should be reduced by this amount to determine current E & P. Therefore, Macaw Corporation’s current year E & P is $600,000 ($1 million taxable income – $400,000 of installment sale gain). Because one-half of the current E & P is allocated to Tracy’s distribution, she has a $300,000 dividend
Answer:
a) Increase
b) Increase
c) Increase
d) Increase
e) Increase
Explanation:
a) The price of corn
The increase in the demand for corn will cause an increase in the price of corn
b) The quantity of corn supplied
The quantity of corn supplied will increase rapidly in the short run before equilibrium will be established in the market
c) The cost of producing soybeans and wheat crops will Increase due to the High demand for corn hence the supply will decrease as well
d) The price of cereals and other products produced from corn will Increase as well
e) The price of beef and other meat gotten from animals that fed on Corn will Increase as well because the cost of their feed will increase
Answer: elastic
Explanation:
Elastic demand is a demand that occurs when the quantity demanded for a product or service results in a greater percentage change when there is a change in price.
For example, when there's a fall in price, this will lead to large change in quantity demanded for the good. Since there's an increase in the quantity demanded, it will lead to increase in revenue.
