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SIZIF [17.4K]
2 years ago
8

The shareholders' equity of Green Corporation includes $288,000 of $1 par common stock and $480,000 par of 6% cumulative preferr

ed stock. The board of directors of Green declared cash dividends of $58,000 in 2021 after paying $28,000 cash dividends in each of 2020 and 2019. What is the amount of dividends common shareholders will receive in 2021?
Business
1 answer:
Sever21 [200]2 years ago
6 0

Answer:

$62,160

Explanation:

The calculation of amount of dividends is shown below:-

Arrears in Preferred Stock Dividend

= $480,000 × 6% × 2 - $28,000 - $28,000

= $57,600 - $28,000 - $28,000

= $1,600

Current Preferred Stock Dividend = Common stock × cumulative preferred stock percentage

= $480,000 × 6%

= $28,800

The amount of dividends common shareholders = Cash dividends - Current Preferred Stock Dividend - Arrears in Preferred Stock Dividend

= $58,000 - $28,800 - $1,600

= $62,160

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The use of block grants, allowing states considerable leeway in how federal money is spent, was championed by President ________
AfilCa [17]

Answer:

President Richard NIxon

Explanation:

The President Nixon administration came up with the idea to decentralize power as well as some programs to the state governments of the USA to reduce the pressure on the Federal government in the wake of the continued unrest from the Vietnam war alongside unemployment, etc.

In decentralizing power and programs, the giving of block grants and aids to states ensured the reduction in the dependence of the economy on the federal government and as such states began to take care of problems within it.

Cheers.

8 0
3 years ago
Super Grocery store allocates its service department expenses to its various operating (sales) departments. The following data i
Kruka [31]

Answer:

6,000

Explanation:

The computation of the total administrative expense allocated to the Meats department is shown below:

= (Total administrative expenses ÷ total square feet) × meat square feet

= ($15,000 ÷ 3,000) × 1,200

= 6,000

We simply do the proportion based on the meats department by dividing the total square feet

All other information which is given in the question is not considered. Hence, ignored it

8 0
3 years ago
Randy is an accountant at XYZ Store Co. In January the store had $150,000 in sales, $35,000 in payroll, $20,000 in rent and util
xenn [34]

Net cash flow is basically the difference of the cash balance from the beginning of the period to the end of the period. For this instance, we take sales and subtract the listed expenses.

January = 150,000 - 35,000- 20,000 -20,000 = 75,000 net cash flow

February = 175,000 - 39,000 - 25,000 - 45,000 = 66,000 net cash flow

For the change you divide (February/January) -1 or (66,000/75,000)-1= -.12

The growth in cash flow was -12%

5 0
3 years ago
A developer purchased two 135-front-foot lots for $22,900 net each and divided them into three lots of equal front footage. The
uranmaximum [27]
Answer should be &169.63
7 0
3 years ago
Why sometimes people use credit card to pay for items instead of just using cash
pav-90 [236]
Sometimes they don’t want loose change in their wallets, pockets, etc. Coins are pretty heavy as well.
3 0
3 years ago
Read 2 more answers
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