Mr. Morgan earns $38,000 a year as a salesperson and a 5% commission on all his sales. He has a mortgage of $910 a

What does this quote mean to you?

AveGali [126]

Answer:

It means alot to me it helps me understand what my destiny is

Explanation:

8 0

3 years ago

Cooper Industries, Inc. began 2012 with retained earnings of $25.32 million. During the year it paid four quarterly dividends of

d1i1m1o1n [39]

Answer:

The correct answer is option C:

$750,000; $3,850,000; $4,600,000; $25,870,000

Task 1

Annual cash dividend preferred stock = $750,000

Task 2

Total annual common stock dividend = $3,850,000

Task 3

Total dividend paid = $4,600,000

Task 4

Retained earnings balance = $25,870,000

Explanation:

Task 1:

Annual cash dividend preferred stock

Preferred shares = 500,000 shares

semi-annual dividend (after six months) = $0.75 per share

500,000 shares × 0.75 per share × 2 times = $750,000 (A)

Task 2:

Total annual common stock dividend

Quarterly dividend = $0.35 per share

Common shares = 2,750,000 shares

Total quarterly dividend = 2,750,000× $0.35 per share

Total quarterly dividend = $962,500

Total annual common stock dividend = $962,500 × 4

Total annual common stock dividend = $3,850,000 (B)

Task 3

Total dividend paid

Total dividend paid (A+B) = Annual cash dividend -preferred stock + Total annual common stock dividend

Total dividend paid = $750,000 + $3,850,000

Total dividend paid = $4,600,000

Task 4

Retained earnings balance

Retained earnings balance = Opening retained earnings + Net income after total cash dividend paid

Retained earnings balance = $25,320,000 + $5,150,000 - $4,600,000

Retained earnings balance = $25,870,000

3 0

4 years ago

As companies shift from a product-centric focus to a customer-centric focus, a myth that almost all current customers are profit

Rina8888 [55]

Answer:

49836262828w8w87[@&@_×78×[×[×

5 0

4 years ago

In periods of rising prices, the inventory method which results in the inventory value on the balance sheet that is closest to c

Yakvenalex [24]

Answer:

LIFO method

Explanation:

The last-in, first-out (LIFO) inventory method values the cost of goods sold (COGS) using the price of the last purchases made by the company. This valuation method is accepted by the US GAAP and it is generally applied when the replacement costs are continuously increasing.

On the other hand, the IFRS (the international accounting standard) does not allows LIFO, it only accepts FIFO.

8 0

4 years ago

Orders placed for buying shares of a mutual fund any time up to 4:00 p.m. are priced at that day’s net asset value (NAV), and or

stepladder [879]

Answer:

Option "b" is the correct answer to the following question.

Explanation:

This is the agreed price of the relevant material, commodity or tangible asset as negotiated by the consumer and the forward agreement dealer, to be payable in the future event at a fixed date.

In this situation, Before 4:00 P.M is the present price of mutual fund and after 4:00 P.M is the future price of the mutual fund.

7 0

3 years ago