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sleet_krkn [62]
2 years ago
15

Prime Company began operations in January, 2019, by issuing 5,700 shares of 9%, cumulative, $65 par value preferred stock and 25

,000 shares of $8 par value common stock. Prime Company paid $26,000 of dividends in 2019, they paid $35,000 of dividends in 2020, they paid $38,000 of dividends in 2021, they paid $24,000 of dividends in 2022, and they paid dividends of $50,000 in 2023. Calculate the amount of the $50,000 dividend paid in 2023 that was paid to common stockholders.
Business
1 answer:
8090 [49]2 years ago
6 0

Answer:

Preference dividend = 9% x $65 x 5,700 shares

                                = $33,345

Dividend paid to ordinary shareholders = $50,000 - $33,345

                                                                 = $16,655

Explanation:

The dividend paid to preferred stockholders is 9% of the par value multiplied by number of preferred stock outstanding. The dividend paid to common stockholders is the difference between total dividend paid and dividend paid to preferred stock holders.

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You are analyzing two companies that manufacture electronic toys – Like Games Inc. and Our Play Inc. Like Games was launched eig
frosja888 [35]

Answer:

A <u>LOW</u> days of sales outstanding represents an efficient credit and collection policy. Between the two companies, <u>Like Games</u> is collecting cash from its customers faster than Our Play, but both companies are collecting their receivables less quickly that the industry average. <u>(5.51 days)</u>

Our Play’s fixed assets turnover ratio is <u>lower</u> than that of Like Games. This could be because Our Play is a relatively new company, so the acquisition cost of its fixed assets is <u>higher</u> than the recorded cost of Like Games’s net fixed assets.

Like Games’s total assets turnover ratio is <u>1.05x</u>, which is <u>lower</u> than the industry’s average total assets turnover ratio. In general, a higher total assets turnover ratio indicates greater efficiency.

Explanation:

DSO

Like Game 365 / (100,000 / 2,700) = 9.855

Our Play    365 / (100,000 / 3,900) = 14.235

Average  365 / (255,000/3,850) = 5.510

Fixed assets turnover:

LG   100,000    /55,000  = 1.82

100,000 / 95,000 ) = 1.052

average 255,000 / 234,600 = 1.087

OP    80,000   /55,000  =   1.45

Avg 255,000 / 216,750 = 1.18

4 0
3 years ago
What was the reason for the financial crisis 2008?
tester [92]
The cause was the huge increase of mortgage rates and caused the economy to crash. also Obama. no just kidding only idiots ay that it was him because he hadn't been the president for a year yet so yeah.
7 0
3 years ago
When an individual consumes high protein food while drinking, the alcohol
valentina_108 [34]
When an individual consumes high protein food while drinking, the alcohol remains in the stomach longer

Hope this helps!

6 0
2 years ago
How many years are required for an investment to double in value if it is appreciating at the rate of 9​% compounded​ continuous
Vesna [10]

Answer:

time required is 7.70 years

Explanation:

given data

interest rate = 9%

solution

we know with the compounded​ continuously rate r and time t amount is

A(t) = A(o) e^{rt}     .................1

and we have given amount is double so

A(t) = 2 A(o)

so from equation 1 put the value and we get here

2 A(o) = A(o) e^{rt}

ln(2) = 0.09 t

solve it we get time

time t = 7.70 years

so time required is 7.70 years

7 0
3 years ago
A newly launched twenty-first century addition to production strategy which leverages lean manufacturing strategies, Six Sigma b
victus00 [196]

Answer:

Adaptive manufacturing

Explanation:

Based on the information provided within the question it can be said that the production strategy that is being mentioned is called Adaptive manufacturing. This uses many practices in order to develop, produce, and deliver products with high demand, while also efficiently managing and using all the existing resources that the company has at it's disposal.

5 0
3 years ago
Read 2 more answers
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