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
svetoff [14.1K]
2 years ago
5

Cork Inc. declared a $160,000 cash dividend. It currently has 6,000 shares of 7%, $100 par value cumulative preferred stock outs

tanding. It is one year in arrears on its preferred stock. How much cash will Cork distribute to the common stockholders?a. $88,000.
b. $72,000.
c. $124,000.
Business
1 answer:
Ira Lisetskai [31]2 years ago
5 0

Answer:

$124,000 is the correct answer if we use 6% which is the correct question scenario. If we take 7% then its

Explanation:

The cash dividend announced is $160,000. Remember the first payment goes to preferred shareholders and then the amount left would be distributed among the ordinary shareholders.

The dividend share of Preferred shareholders = 6000 shares * $100 par value * 6% fixed rate = $36,000

After deducting this amount from the dividend announce will go to ordinary shareholders and is calculated as under:

Share of Dividend of ordinary shareholders = $160,000 - $36,000

= $124,000

Similarly if we use 7% fixed rate, then

The dividend share of Preferred shareholders = 6000 shares * $100 par value * 7% fixed rate = $42,000

After deducting this amount from the dividend announce will go to ordinary shareholders and is calculated as under:

Share of Dividend of ordinary shareholders = $160,000 - $42,000

= $124,000

You might be interested in
Generally, when business startup costs exceed the maximum amount allowed, the remaining costs may be amortized over_____ months.
irina1246 [14]

Answer:

The correct answer is letter "B": 180.

Explanation:

During the first year a business operates, companies can elect to deduct up to $5,000 from their costs. If the costs are higher than $50,000, the deduction of $5,000 will be reduced by the exceeding amount. However, that exceeding amount can be amortized for up to 15 years (180 months).

8 0
3 years ago
Sales of blank______ began to increase in the early 1970s as many cigarette smokers apparently began to look for alternatives th
antiseptic1488 [7]

(.) Smokeless tobacco products.

<h3>How smoking cigarettes can cause lung cancer?</h3>

According to research, smoking results in cell alterations that lead to lung cancer. Numerous of the hundreds of compounds found in cigarette smoke are carcinogenic. Despite the fact that the human body can frequently detoxify and eliminate carcinogens, when it is unable to do so, residual carcinogens can cause the body's cells to mutate, occasionally resulting in the development of malignant cells. Healthy cells are able to recognize when to stop dividing because the normal cell healing process requires cells to divide continuously until all harm has been fixed. On the other hand, cells that have undergone malignant mutations lose the ability to know when to stop and will continue to divide and expand.

Not every cell mutation results in cancer. But the more smoke a person inhales, the more mutations they'll experience, and the more likely it is that one of those mutations will be malignant. As a result, the chance of developing cancer increases with the length and frequency of a person's smoking. Notably, despite the fact that carcinogens frequently harm lung cells, they can also enter the bloodstream and spread throughout the body, resulting in a variety of cancers.

To know more about cancer visit:-brainly.com/question/14945792

#SPJ4

4 0
1 year ago
Gross Domestic Product (GDP) is:
Likurg_2 [28]

Answer:

D) The value of all goods and services produced domestically.

Explanation:

G. D. P is the total monetary value of all the final goods and services produced within a country at a particular period. A country's G. D. P can be calculated whether on an  annual basis or quarterly basis, depending on the period in which the country uses as its accounting period. G. D. P is mostly important to a country as it serves as their economic mirror which is used to calculate the country's economic size as well as its growth rate. G. D. P can be calculated using either the country's expenditures, income or production. It can be manipulated during inflation.

3 0
3 years ago
Which inventory counting system keeps track of removals from inventory on a continuous basis?
Natalija [7]
I think it’s the continual system
8 0
3 years ago
Company FIN3610-FTRA has a six-year project that requires an initial investment of $30,000. Every year, the project will pay fix
lara31 [8.8K]

Answer:

909.09

Explanation:

Breakeven quantity are the number of  units produced and sold at which net income is zero

Breakeven quantity = fixed cost / price – variable cost per unit

$20,000 / 58 - 36 = 909.09

4 0
2 years ago
Other questions:
  • "what are the key steps in retirement planning
    12·1 answer
  • Women are severely underrepresented at the top of u.s. corporations. less than _____ percent of the executive jobs at fortune 50
    7·1 answer
  • Sherry, a sales representative, is placed in a group with an engineer from operations, a human resource specialist, and a financ
    5·1 answer
  • The phantom corporation started 5,200 units during february. phantom started the month with 740 units in process (40% complete)
    14·1 answer
  • The company purchases land for $24,000 by paying cash $6,000 and taking a 10-year mortgage for $18,000 (assume zero interest rat
    11·1 answer
  • In May and June, Tammy spent all her clothing budget on bathing suits and beach bags. Each bathing suit cost $75. At Tammy’s opt
    11·1 answer
  • Wendell’s Donut Shoppe is investigating the purchase of a new $33,000 donut-making machine. The new machine would permit the com
    15·1 answer
  • Closing entries are required: Multiple Choice If management has decided to cease operating the business. Only if the company adh
    13·1 answer
  • Period costs are the​ ________. A. product costs that must be paid in the accounting period in which they are incurred. B. sam
    5·1 answer
  • Your generous grandmother has just announced that she’s opened a savings account for you with a deposit of $10,000. Moreover, sh
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!