1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
horsena [70]
3 years ago
10

​Electric, Inc. was incorporated on January​ 1, 2016. Electric issued​ 4,000 shares of common stock and​ 1,200 shares of preferr

ed stock on that date. The preferred stock is​ cumulative, $100​ par, with an​ 12% dividend rate. Electric has not paid any dividends yet. In​ 2019, Electric had its first profitable​ year, and on November​ 1, 2019, Electric declared a total dividend of​ $63,000. What is the total amount that will be paid to preferred​ shareholders?
Business
1 answer:
S_A_V [24]3 years ago
8 0

Answer:

$57,600

Explanation:

The computation of the total amount paid to preferred shareholders are shown below:

= Number of shares for preferred stock × par value × dividend rate × number of years

= 1,200 shares × $100 × 12% × 4 years

= $57,600

In case of cumulative, the number of years would be four years for dividend paid

All other information which is given is not relevant. Hence, ignored it

You might be interested in
The following information for the past year for the Blaine Corporation has been provided:Fixed costs:Manufacturing$ 125, 000$125
natima [27]

Answer:

D. 76.6 %

Explanation:

Contribution Margin Ratio = Contribution / Sales × 100

<em>First Calculate the Contribution</em>

Contribution = Sales - Variable Costs

                     = (60,000 units × $ 12.40) -  ($110,000+$30,000+$34,000)

                     = $744,000 - $174,000

                     = $570,000

<em>Then Calculate Contribution Margin Ratio</em>

Contribution Margin Ratio = $570,000 / $744,000 × 100

                                           = 76.61290

                                           = 76.6 % ( 1 decimal)

5 0
3 years ago
If 2G Robotics is bought by another firm and Gillham decided to allocate a total of 400 points to employees, and the value of th
Darina [25.2K]

Answer:

The programmer can get $20,250

Explanation:

Take the amount of 300,000 multiple by the point the programmer is worth then divide by the total points for the employees.

300000*27/400= 20250

7 0
3 years ago
Sales (19,500 units at $30 per unit) $585,000 Variable expenses 409,500 Contribution margin 175,500 Fixed expenses 180,000 Net o
vichka [17]

Answer:

                                                                                                   Automated

Sales (19,500 units at $30 per unit)            $585,000            $585,000

Variable expenses                                        409,500               351,000

Contribution margin                                       175,500              234,000

Fixed expenses                                              180,000              252,000

Net operating loss                                          $(4,500)           $( 18,000)

New Cm ratio=  Contribution Margin/ Sales Revenue

                      = $ 234,000 $ 585,000 = 0.4

Break-even point in  dollars=  Fixed Costs/ 1- (variable Cost/ Sales)

                                            =  252,000/ 1- (351,000/ 585,000)

                                             = 252,000/ 1-0.6

                                               = 252,000/0.4= $ 630,000

The resulting $ 630,000 is the break even point at which neither a loss nor a profit is incurred.This can be checked as follows.

Sales                                                                         $ 630,000

Variable Costs  ( 60 % $ 630,000)                          $ 378,000

Contribution Margin                                                   $ 252,000

Less Fixed Expense                                                   <u>$ 252,000</u>

Profit                                                                           <u>       0            </u>

Break even point in units =  Fixed Costs/ Contribution Margin in units

                                         = $ 252,000/ (30-18)

                                          =$ 252,000/ $ 12= 21,000 units

Two Contribution format Income Statements:

                                                                                                   Automated

Sales (26,000 units at $30 per unit)           $780,000            $780,000

Variable expenses                                        546,000               468,000

Contribution margin                                       234,000                312,000

Fixed expenses                                              180,000              252,000

Net operating Profit                                     $ 54,000                $ 60,000

Working:

Variable Costs per unit = $ 409500/19500=  $ 21

After reduction variable costs = $ 21- $3= $ 18

4 0
3 years ago
A worker wants to set aside some money for retirement, hoping to live off the interest income. If the interest rate is 10% and t
Shkiper50 [21]

Answer:

d) 500,000

Explanation:

The amount that the worker is expected to save before retirement is the present value of the expected annual withdrawal using the interest rate of 10% as the discount rate:

savings balance at retirement=yearly cash withdrawal/interest rate

yearly cash withdrawal=$50,000

interest rate=10%

savings balance at retirement=$50,000/10%

savings balance at retirement$500,000  

5 0
3 years ago
Dure Inc. is an athletic shoe-making company in the United States. It successfully sells the same range of shoes in all its inte
Vlad [161]

Answer: Global segmentation

Explanation:

 The global segmentation is one of the type of process in which the consumers or users are get grouped on the basis of their similar needs and the requirements.

In the global segmentation process we categorized the or divide the various types of customers into the different types of groups according to their specific interest related to the products and the services in the market.

The following are some benefits of the global segmentation are as follows:

  • Providing various types of market opportunities
  • Better usage of the resources
  • Profitability  

 Therefore, Global segmentation is the correct answer.

5 0
3 years ago
Other questions:
  • The cleanest, most comfortable restaurant in town and the staff is always impeccably dressed and very courteous. Based on this f
    10·1 answer
  • The following information is taken from the production budget for the first quarter: Beginning inventory in units 600 Sales budg
    6·1 answer
  • A building acquired at the beginning of the year at a cost of $1,375,000 has an estimated residual value of $250,000 and an esti
    15·1 answer
  • Price floors usually result in ___________________.
    8·1 answer
  • The Model Company is to begin operations in April. It has budgeted April sales of $46,000, May sales of $50,000, June sales of $
    12·1 answer
  • For example, administrative expenses should be $3,700 per month plus $41 per course plus $7 per student. The company’s sales sho
    15·1 answer
  • A journal in the books of accounts of a company showed that stationery worth $1,500 was purchased by the company in an accountin
    8·2 answers
  • Which statement best describes the laissez-faire economic policies of the 1920s? There should be extensive government control of
    10·2 answers
  • A firm carries out price discrimination when it charges
    13·1 answer
  • Which Finance Career Pathways involve money, assets, or liabilities? Check all that apply.
    11·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!