1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ziro4ka [17]
4 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]4 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

You might be interested in
A delivery of packaged frozen vegetables should be rejected if
pav-90 [236]
If the temperature of chilled food deliveries is less than or equal to +5°C and frozen food is not greater than –18°C. Food which is delivered at the wrong temperature must be rejected, i hope this helped!
7 0
3 years ago
BrainTrust Company produces and sells educational toys for children. In pricing its product, the company needs to make sure it p
gayaneshka [121]

Complete Question:

BrainTrust company produces and sells educational toys for children. In pricing its product, the company needs to make sure it properly estimates its costs. The company can safely estimate that transportation is what percentage of total distribution cost?

a. 50%

b. 75%

c. 30%

d. 100%

Answer:

a. 50%

Explanation:

In this scenario, BrainTrust Company produces and sells educational toys for children. In pricing its product, the company needs to make sure it properly estimates its costs. The company can safely estimate that transportation is 50% of total distribution cost.

In supply chain management, the total distribution cost can be defined as the overall expenses incurred by a manufacturer in the process of delivering finished goods and services from the production stage to the final consumer. The total distribution cost can either be direct or indirect expenses incurred on insurance, handling, storage, shipping, packing and logistics.

<em>Generally, the total amount spent on the movement of goods and services from one location to another, usually accounts for half (50%) of the overall expenses incurred in total distribution cost. </em>

8 0
3 years ago
Excise taxes tend to.
natka813 [3]
Excise taxes tend to<span> increase prices.</span>
6 0
3 years ago
what is the present value of the following cash-flow stream if the interest rate is 6%? note: do not round intermediate calculat
Anettt [7]

The present value of the cash-flow stream if the interest rate is 6% is $323.03.

<h3>What is the interest rate?</h3>

The interest rate can be defined as the amount or the percentage that is being fixed or fluctuating depending upon the condition of the agreement. The interest is calculated on the amount that is being loaned or given to the individual or a company.

According to the given question, the interest rate is 6%

1st year $120

2nd year $320

3rd year $220

Now, by applying the formula for the present value:

\rmPV = \dfrac{fv}{(1 + r)^t}

\dfrac{120}{1.06} +  \dfrac{320}{(1.06)^2} + \dfrac{220}{(1.06)^3}

= 113.20 + 284.96 + 184.87

= 323.03

The present value of the cash flow stream is $323.03

Learn more about  interest rate, here:

brainly.com/question/14445709

#SPJ4

7 0
2 years ago
on june 30, the company lends it chief financial officer $44,000; principal and interest 7% are due in on one year. what journal
julsineya [31]
A because only real one
8 0
2 years ago
Other questions:
  • Compared with free​ trade, large countries may increase national welfare when they place a tariff on imports. What unique aspect
    10·1 answer
  • Quanti Co., a calendar year taxpayer, purchased small tools for $5,000 on December 21, 2016, representing the company's only pur
    14·1 answer
  • When expansionary monetary policy is used to increase aggregate demand, starting from equilibrium, which of the following is tru
    8·1 answer
  • EBook
    9·1 answer
  • Firms must consider the possible reaction of rivals to their own decisions and actions in
    6·1 answer
  • How much profit is this monopolist earning? You may use this formula when solving the question: Profit = Total Revenue − Total C
    8·1 answer
  • Costs from Beginning Inventory Costs from Current Period
    9·1 answer
  • In the early 1900s, Henry Ford introduced a a. high-wage policy, and this policy produced none of the effects predicted by effic
    11·1 answer
  • Budgeted material-handling costs are $50,000. The material-handling cost per wall mirror under ABC is: $2,000. $1,000.
    13·1 answer
  • Any unamortized premium is reported on the balance sheet
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!