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ziro4ka [17]
3 years ago
10

Xtreme Sports has $240,000 of 6% noncumulative, nonparticipating, preferred stock outstanding. Xtreme Sports also has $640,000 o

f common stock outstanding. In the company's first year of operation, no dividends were paid. During the second year, Xtreme Sports paid cash dividends of $44,000. This dividend should be distributed as follows:
$0 preferred; $44,000 common.

$14,400 preferred; $29,600 common.

$11,000 preferred; $33,000 common.

$22,000 preferred; $22,000 common.

$23,000 preferred; $21,000 common.
Business
1 answer:
mr Goodwill [35]3 years ago
4 0

Answer:

$14,400 preferred; $29,600 common.

Explanation:

Preferred dividend is accrued and paid on the issued preferred stock of the company. The preferred shareholder has priority on common shareholders and they will be paid at any desired rate, first if dividend is paid.

Total Dividend paid = $44,000

Dividend For preferred stock = Preferred Stock value x Rate for preferred dividend

Dividend For preferred stock = 240,000 x 6%

Dividend For preferred stock = $14,400

Common stock Dividend = Total Dividend - Preferred stock dividend

Common stock Dividend = $44,000 - $14,400 = $29,600

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3 0
2 years ago
________ means the supply curve has shifted to the right, while ________ refers to a movement along a given supply curve in resp
Flauer [41]

<u>An increase in supply</u><u> means the supply curve has shifted to the right, while </u><u>an increase in quantity supplied </u><u>refers to a movement along a given supply curve in response to an increase in price.</u>

What would shift a supply curve down and to the right?

  • In contrast, a drop in input costs will cause the supply curve to move to the right. Technology.
  • An increase in technology will shift the supply curve to the right. Conversely, a decrease in technology will shift the supply curve to the left.

What does it mean when the supply curve shifts to the right?

  • When demand is constant and supply is increasing, the supply curve moves to the right, creating an intersection where quantity and prices are lower.
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5 0
2 years ago
Why is it best to pay expenses for your business with a check, not with cash?
TEA [102]
Because you have proof of what you payed.
5 0
4 years ago
A donor provides a large cash contribution that is to be used for acquisition of a new building. Under FASB standards, how would
jarptica [38.1K]

Answer:

B. Investing activity.

Explanation:

Investing activity refers to payment for acquisition of assets like a new building. It is an investing activity because the asset is expected to generate returns in terms of savings in rent.

3 0
3 years ago
As part of a valuation analysis, you have identified two comparables: KLA Tencor (KLA) and Lam Research (LAM). KLA has company v
True [87]

Answer:

The correct option is 20 and 12. That is, the P/E ratios for KLA and LAM should be, respectively: 20 and 12.

Explanation:

The price-earnings (P/E) ratio can be calculated using the following formula:

P/E ratio = Market value of equity / Net income ............... (1)

From the question. we hav:

KLA market value of equity = $8,000

KLA net income = $400

LAM market value of equity = $6,000

LAM net income = $500

Using equation (1) and the above information, we have:

P/E ratios for KLA = $8,000 / $400 = 20

P/E ratios for LAM = $6,000 / $500 = 12

Therefore, the correct option is 20 and 12. That is, the P/E ratios for KLA and LAM should be, respectively: 20 and 12.

5 0
3 years ago
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