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kogti [31]
3 years ago
15

Atlantis Corporation has​ 12,000 shares of​ 14%, $78 par noncumulative preferred stock outstanding and​ 29,000 shares of​ no-par

common stock outstanding. At the end of the current​ year, the corporation declares a dividend of​ $188,000. How is the dividend allocated between preferred and common​ stockholders?
Business
1 answer:
ira [324]3 years ago
7 0

Answer:

The preferred shareholders will be allocated a dividend of $131040 and the common shareholders will be allocated a dividend of $56960.

Explanation:

Total dividend declared =$188000

the allocation of dividends:

Preferred shareholders = (12000×14%)×$ 78

                                       = $ 131040

Common shareholders = Total dividends - preferred shareholders dividend

                                       = $ 188000 - $ 131040

                                       = $ 56960

Therefore, the common shareholders will be allocated dividends of $ 56960 and the preferred shareholders will be allocated dividends of $ 131040.

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David saves money from his teaching job to buy a new boat when he retires in 20 years. The boat will cost $30,000. He has $12,00
LuckyWell [14K]

Answer:

True

Explanation:

The main advantage of a compound interest account is that the interest that you earn also earns interest, so the total amount of earned interest increases.

For example, a $10,000 account earning simple interest at a 4% rate will earn $4,000 in ten years. While the same amount in a compound interest account will earn $4,802.

7 0
3 years ago
According to the scor model, supply chain management covers five broad areas including planning activities, which __________.
topjm [15]

The correct answer is cover the actual production of a good or service.

Supply chain management choices are addressed, improved, and communicated with suppliers and consumers of a firm using the supply chain operations reference model (SCOR), a management tool. The operational methods required to satisfy client requests are described in the model.

<h3 /><h3>What does SCOR entail?</h3>

A supply chain must carry out the SCOR operations in order to achieve its main goal of completing client orders. There is only one representation for each distinct process in SCOR. The six main processes that SCOR identifies as level-1 processes are Plan, Source, Make, Deliver, Return, and Enable.

<h3>Why does business employ the SCOR model?</h3>

The SCOR method may assess the supply chain of a corporation at various degrees of process detail. It offers businesses a sense of how sophisticated their supply chain is. The procedure aids businesses in comprehending how the five procedures constantly recur between clients, suppliers, and the business itself.

To know more about Supply chain, visit: brainly.com/question/15582420

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8 0
1 year ago
Which california governor was instrumental in changing the executive bureaucracy from a spoils system to a merit system?
WINSTONCH [101]

Republican Governor Hiram Johnson was the California governor who was instrumental in changing the executive bureaucracy from a spoils system to a merit system.

A spoils system refers to a system of patronage in which the victorious candidate or party in an election gives public offices to their supporters as reward and incentive.

It was a common phenomenon in the United States, until a civil service reform movement led to passage of the Pendleton Act of 1883, which instituted merit-based appointments to offices at the federal level.

Hiram Johnson was a former Governor of California between 1917 to 1945. He was credited with many progressive reforms, among which was ensuring the executive bureaucracy operated on the basis of merit and not political patronage.

To learn more about Hiram Johnson: brainly.com/question/8407551

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5 0
2 years ago
At the beginning of the year, a company's balance sheet reported the following balances: Total Assets = $175,000; Total Liabilit
Ne4ueva [31]

Answer:

$88,000

Explanation:

The computation of the ending balance of the retained earning balance is shown below:

As we know that

The ending balance of retained earning = Beginning balance of retained earnings + net income - dividend paid

where,

net income is

= Revenues - expenses

= $50,500 - $33,000

= $17,500

And, the other items values would remain the same

So, the ending balance is

= $92,500 + $17,500 - $22,000

= $88,000

7 0
3 years ago
. Suppose absolute purchasing power parity holds. The exchange rate between British pounds and US dollars is British pound 0.75
svetoff [14.1K]

The stereo would cost 3750 British pound in Britain at the prevailing exchange rate.

Explanation:

Given details-  

The exchange rate between the British pound and US Dollar- 0.75 British pounds for 1 USD

Cost of the stereo= 5000 USD

Proportionate cost of the stereo in the British pound-

Exchange rate conundrum can be understood in the following way easily-

It means that for every 1 USD, a person in Britain would shell out 0.75 British pounds. In other words, the British pound is dearer than USD.

Since the cost of the stereo is 5000 USD and 1 USD is 0.75 British pound

5000 USD would equal 5000* 0.75 British pound= 3750 British pound

cost of the stereo is 3750 British pound

3 0
3 years ago
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