Answer:
$11,400 and $27,600
Explanation:
The computation of the dividend distributed are as follows
Given that
6% noncumulative, nonparticipating, preferred stock = $190,000.
Common stock outstanding = $590,000.
In the first year, no dividend paid by the company.
The preferred stock is noncumulative that means no dividend will be a carryover.
Second year dividend paid by company = $39,000
Now based on the given information, the dividend distributed are as follows
For preffered stock
= $190,000 × 6%
= $11,400
And for common stock
= $39,000 - $11,400
= $27,600
This is the correct answer but the same is not provided in the given options
First we have to paid preferred stockholders and then equity stockholders
The manufacturing overhead costs assigned to production in a process cost system are debited to sales thereof.
Expenses have a debit balance. Manufacturing overhead costs are incurred when expenses are actually happen for the allocation of the asset ,work in progress etc.
Erstwhile the process cost system is the cost of total production incurred at the time of manufacturing for each unit of the product .
To learn more about overhead costs here,
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A credit union is owned and operated by the people who have accounts in it. In a traditional bank, the bank is run by a president and a board of higher people. In a credit union, all members of the union own a stake of the company and the board is made up of members of the credit union.
Answer:
The correct answer is (C)
Explanation:
In today's competitive environment firms and organisations are producing similar goods and services and offering them to the customers at almost the same prices. This has resulted in low market share due to no barriers to entry. The only aspect which can help companies to grow market share is to improve the quality of goods and services. Quality of goods and services is the only thing now consumers want.
Answer:
b. If Stock A's required return is 11%, then the market risk premium is 5%
Explanation:
Let's analyze each choice with the CAPM formula; r= risk free+beta(mrkt return - risk free)
a.)
Assume market return is 8%
rA= 6% +1 (8% - 6%)= 8%
rB= 6% +2 (8% - 6%)= 10%
Since stock B's return is not twice that of stock A, choice a.) statement is WRONG.
b.)
Formula ; r= risk free+beta(mrkt return - risk free)
Find MRP if rA=11% knowing that MRP = (mrkt rate - risk free)
11% = 6% +1 (11% - 6%)
Therefore MRP= 11%-6% = 5% making choice b. CORRECT
