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3 years ago

Who ultimately pays for tariffs, consumers or producers?

Business

2 answers:

forsale [732]3 years ago

6 0

Consumers because were the ones buying them

lyudmila [28]3 years ago

4 0

Whenever a consumer goes shopping, they are paying higher prices because the producers are marking the price up because of tariffs. So, the consumers are paying tariffs ultimately.

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Distributing Cash Dividends to Preferred and Common Shareholders Dechow Company has outstanding 20,000 shares of $50 par value,

Anna11 [10]

Answer:

Preferred Stock = $60,000 and $3.00

Common Stock = $100,000 and $1.25

Explanation:

Dividends

Preferred Stock has preference when it comes to dividends payments. The remaining dividends are then paid to Common Stockholders.

Preferred Stock dividend = 20,000 x $50 x 6% = $60,000

Common Stock dividend = $160,000 - $60,000 = $100,000

Dividends per share

Preferred Stock dividend = $60,000 ÷ 20,000 shares = $3.00

Common Stock dividend = $100,000 ÷ 80,000 shares = $1.25

8 0

3 years ago

Concord Corporation has outstanding 10,200 shares of $100 par value, 6% preferred stock and 59,300 shares of $10 par value commo

Galina-37 [17]

Answer:

See below.

Explanation:

The question here is to find the preferred dividend payable at the time of dividend deceleration. We assume that preferred stock is not cumulative and as such the dividends payable are as follows,

Preferred dividend payable per year = (10200*100)*0.06 = $61,200

So $61,200 is payable to preferred stock holders and 326,000-61,200 = $264,800 is payable to common stock holders.

If the preferred shares were cumulative the 3 year sum of dividend would have been payable.

We can solve for the cumulative dividends as follows.

Preferred dividend payable for 2017, 2018 and 2019 are a joint sum of 61,200 * 3 = $183,600.

This is the sum payable for 3 years.

So in 2019, 183,600 is payable to preferred stock holders and

Ordinary stock holders = 326,000 - 183,600

Ordinary stock holders = $142,400.

Thisbis the remainder paid to ordinary stockholders.

Hope that helps.

4 0

3 years ago

Maben Company was started on January 1, Year 1, and experienced the following events during its first year of operation: Acquire

Keith_Richards [23]

Answer:

The accounting equation holds as follows:

Assets = Liabilities + Shareholders' Equity = $102,000

Explanation:

Note: This question not complete as the requirement is omitted. The requirement is therefore provided to complete the question before answering the question as follows:

Required:

Record the preceding transactions in the horizontal statements model. Also, in the Cash Flows column, classify the cash flows as operating activities (OA), investing activities (IA), or financing activities (FA).

The explanation of the answer is now provided as follows:

Note: See the attached excel file for the the horizontal statements in which the transactions are recorded.

From the attached excel file, we have:

Assets = Cash + Land = $49,000 + $53,000 = $102,000

Liabilities = Notes Payable = $30,000

Shareholders' Equity = Common Stock + Retained Earnings = $50,000 + $22,000 = $72,000

Liabilities + Shareholders' Equity = $30,000 + $72,000 = $102,000

Therefore, the accounting equation holds as follows:

Assets = Liabilities + Shareholders' Equity = $102,000

Also note that no figure is recorded for "Determined that the market value of the land is $75,000" because it does affect the horizontal statement since an asset must be recorded at the historical cost.

Download xlsx

8 0

3 years ago

Which of the following is measured by utility? A. The satisfaction a person gets from consumption. B. The cost of adding a singl

Svet_ta [14]

Answer:the satisfaction a person gets from consumption

Explanation:

3 0

3 years ago

Straight Industries purchased a large piece of equipment from Curvy Company on January 1, 2019. Straight Industries signed a not

Damm [24]

Answer:

$30,604

Explanation:

The computation of the interest expense for the year 2020 is as follows:

2019 interest expense is

= Equipment amount × rate of interest

= $311,967 × 9%

= $28,077

The Dec 31 2019 liability of book value is

= $311,967 + $28,077

= $340,044

Now the interest expense for the year 2020 is

= $340,044 × 0.09

= $30,604

3 0

3 years ago