Answer:
Preferred stock dividends are paid before common stock dividends. Cumulative preferred stock will receive dividends even if they are not distributed during a certain period since they will add up until the company is able to pay dividends again.
Another preference si that in case of dissolution, preferred stockholders are paid before common stockholders (in case there is money to distribute).
Explanation:
Answer:
22.92%
Explanation:
For computing the realized total rate of return, first we have to determine the total share price which is shown below:
Total share price = Sale price of share + dividend end of 2013 + dividend end of 2014 + dividend end of 2015
= $20 + $2.5 + $4 + $3
= $29.50
And, the purchase price is $24
So, the return would be
= Total share price - purchase price
= $29.50 - $24
= $5.50
Now the realized total rate of return would be
= Return ÷ Purchase price
= $5.50 ÷ $24
= 22.92%
This is the answer but the same is not provided in the given options
Answer:
This question is incomplete. However, I searched the web and found a similar question that is asking to "Prepare journal entries to (a)update depreciation for 2021"
Explanation:
The general journal entries will be as follows;
From Jan 1st to Sept. 1st, there are 8 months of depreciation. If yearly depreciation is $2,832, it means that monthly depreciation is $236.Therefore, depreciation expense for the 8 months would be (8*236 = $1,888). For journal entry, you will debit depreciation expense and credit accumulated depreciation;
Dr. Cr.
Depreciation $1,888
Acc. depreciation $1,888
Answer:
The company's plantwide overhead rate is 21.19%
Explanation:
given information:
indirect labor = $8,320,000
factory utilities = $155,500
machine hours = 400,000
to calculate the overhead rate, we can use the following formula
in this case.
the indirect cost = indirect labor + factory utilities
= $8,320,000 + $155,500
= $8,475,500
allocation measure = 400,000
thus,
= 21.19%