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Radda [10]
3 years ago
14

Dividends in arrears are dividends on A. cumulative preferred stock that have been declared but have not been paid. B. non-cumul

ative preferred stock that have not been declared for a given period of time. C. cumulative preferred stock that have not been declared for a given period of time. D. common dividends that have been declared but have not yet been paid.
Business
1 answer:
Romashka [77]3 years ago
7 0

Answer:

The correct answer is letter "A": cumulative preferred stock that have been declared but have not been paid.

Explanation:

Dividends in arrears are dividends that have not been paid in a period on cumulative preferred stock. A company does not necessarily have to pay dividends to its shareholders but the payment becomes cumulative. Under this situation, it is said that the organization has failed to generate enough cash during the year. Besides, there must be a dividend declaration for the dividends in arrears to be liable recognized.

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Calculating Lower-of-Cost-or-Net Realizable Value
Tju [1.3M]

Answer:

Anne Traylor Inc.

Calculating Lower-of-Cost-or-Net Realizable Value

The inventory cost to report on the balance sheet on June 30, 2020, assuming that the company applies the lower-of-cost-or-net realizable value rule to each individual inventory item is:

= $8,990.

Explanation:

a) Data and Calculations:

Inventory  Quantity   Selling  Cost     NRV    Inventory   Lower-of-Cost-or-

Item                            Price    to Sell                  Cost     Net Realizable Value

#100              70          $24      $5       $19         $16         $1,120 ($16 * 70)

#101             100            22         4         18            17           1,700 ($17 * 100)

#115              50            35         6        29            31          1,450 ($29 * 50)

#118             120            40         6        35           29         3,480 ($29 * 120)

#120             25             18         4         14            10            250 ($10 * 25)

#128             45            30         8        22           26            990 ($22 * 45)

Total                                                                                $8,990

7 0
2 years ago
Amesha will only purchase stock in corporations that practice and support social justice. which term refers to Amesha's type of
mixer [17]

Answer:

A. Socially Responsible

7 0
3 years ago
The supply of shoes dropped. Stores are having a hard time finding enough shoes to sell. What will happen to the price of shoes?
PilotLPTM [1.2K]

Answer:

The price of the shoes will increase.

Explanation:

It is supply-and-demand. In this case, the supply is low but the demand is high so the store(s) have to raise the prices.

8 0
3 years ago
TransactionsUnitsUnit Cost a. Inventory, Beginning 4,000 $24 For the year: b. Purchase, March 5 10,000 25 c. Purchase, September
Komok [63]

Answer:

Explanation:

1. Number of goods available for sale = Beginning Inventory + Purchase, March 5 + Purchase, September 19 = 4,000+10,000+6,000 = 20,000 units

Cost of goods available for sale = Beginning Cost of inventory + Cost of Purchase, March 5 + Cost of Purchase, September 19 = 4,000×24 + 10,000×25 + 6,000×27 = 96,000+250,000+162,000 = $508,000

2. Number of units in ending inventory = Number of units available for sale - Number of units sold = 20,000-4,200-9,000 = 6,800 units

3.  Calculations are attached

4.

Income statement FIFO:

Sales $937,800 (4,200×69 + 9,000×72)

Less: Cost of Goods Sold ($326,000)

Gross profit  $611,800

Less Operating expense $602,000

Net income $9,800

Income statement LIFO:

Sales $937,800 (4,200×69 + 9,000×72)

Less: Cost of Goods Sold ($342,000)

Gross profit  $595,800

Less Operating expense $602,000

Net loss $($6,200)

Income statement LIFO:

Sales $937,800 (4,200×69 + 9,000×72)

Less: Cost of Goods Sold ($334,092)

Gross profit  $603,708

Less Operating expense $602,000

Net income $1,708

**Cost of goods sold:-

Under FIFO = 96,000+5,000+225,000 = $326,000

Under LIFO = 105,000+162,000+75,000 = $342,000

Under weighted average method = 103,782+230,310 = $334,092

6. LIFO method minimize taxes

3 0
3 years ago
Bill and rosie have been happily married for 40 years. they have never spent more than two nights apart. bill has been battling
Andre45 [30]
The type of care that Bill is receiving is hospice care. It is a care of which they focus on patients or individual who are ill, either chronically or terminally. They tend to provide the care that the patients need in regards to their needs of both spiritually and even emotionally. It could be seen above as Bill is being cared for as he is ill and is being provided by the care he needs.
3 0
3 years ago
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