Answer:
Explanation:
The preparation of the contribution margin income statement for the year ended December 31, 2017 is presented below:
Sales (10,000 units × $181) $1,810,000
Less: Variable cost (10,000 units × $119) ($1,190,000)
Contribution margin $620,000
Less: Fixed cost ($390,600)
Net income $229,400
Answer:
$6,000
Explanation:
Calculation to determine How much of the 2019 dividend was distributed to preferred shareholders
Dividend distributed to preferred shareholders=Shares of 6%, $10 par non-cumulative preferred stock
Let plug in the formula
Dividend distributed to preferred shareholders=(10,000 ×$10) × .06
Dividend distributed to preferred shareholders = $6,000
Therefore How much of the 2019 dividend was distributed to preferred shareholders will be $6,000
Answer:
a. $207,000
Explanation:
The cash flow statement categories the company's transactions in a financial period into 3 groups; these are operating, investing and financing.
The net profit/loss, depreciation, changes in current assets (other than cash) and liabilities are considered as operating activities including income taxes.
The sale of assets, interest received, purchase of investments are examples of investing activities while the issuance of stocks, debt principal deduction (loan settlement), issuance of debt securities etc are examples of financing activities.
An increase in assets other than cash is an outflow while an increase in liabilities is an inflow. Depreciation and other non-cash expenses deducted in the income statements are added back while the non-cash income such gain on asset are deducted from net income.
The Net Cash Flow from Operating Activities
= $210,000 - $9,000 + $8,000 - $2,000
= $207,000
Answer:
A dynamic equilibrium is a chemical equilibrium between a forward reaction and the reverse reaction where the rate of the reactions are equal.
Explanation:
Answer:
Increase, Increase
Explanation:
Normal goods experience a rise in demand if the consumer's income increases or economic conditions improve. Normal goods are sometimes referred to as necessary goods.
Jet fuel can be considered as input the cost of vocations. An increase in jet fuel will result in a rise in the cost of vacations. A rise in the cost of vacation leads to an increase in their equilibrium price.
If vacations are normal goods, an increase in people's income will increase their demand. Therefore, the equilibrium quantity of vacations will increase.
