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
Nataly [62]
2 years ago
10

Nathan’s Athletic Apparel has 2,000 shares of 5%, $100 par value preferred stock the company issued at the beginning of 2017. Al

l remaining shares are common stock. The company was not able to pay dividends in 2017, but plans to pay dividends of $22,000 in 2018.
Required: 1. & 2. Assuming the preferred stock is cumulative and noncumulative, how much of the $22,000 dividend will be paid to preferred stockholders and how much will be paid to common stockholders in 2018?
Cumlative Non Cumlative
preferred Dividends for 2018
preferred Dividends in arrears for 2017
Remaining Dividends to common stockholders
Total Dividens:
Business
1 answer:
Oksi-84 [34.3K]2 years ago
6 0

Answer and Explanation:

The computation is shown below:-

Particulars                                   Cumulative       Non Cumulative

Preferred dividends for 2018       $10,000              $10,000

Preferred dividend in

arrears for 2017                              $10,000               $0

Remaining Dividends to

Common stockholders                    $2,000             $12,000

Total Dividends                               $22,000           $22,000

Dividend payable to Preferred stockholders per year = (Number of shares × Par value) × Given percentage

= (2,000 × $100) × 5%

= $10,000

You might be interested in
Which of the following statements regarding the staffing budget is true? a.The staffing budget is based on the desired profit le
Valentin [98]

Answer:

b.The staffing budget is based on a fixed human resources budget

Explanation:

  • The staffing budget is the budget that outlines a money plan to be spent on the employees and consists of the largest investment to the organization.
  • It acts as an outline plan for the service companies each staff member corresponds to the salary for the employee in the spreadsheet on a weekly, monthly, and yearly basis.
8 0
3 years ago
Fran’s Crazy Salts has just been bought by Allspice. Employees are unsure of what that will mean for their jobs, as Allspice alr
Vaselesa [24]

Answer:

Option d is correct.

<u>Adapting to mergers</u>

Explanation:

The change agent has the activity close by to ingrain trust in the workforce by coming up unmistakably on the organisation's approach for the current workforce ( of past organisation) so they can make certain about their future with the organisation and decide their future strategy. Adapting to mergers is the correct choice as the change specialist needs to prepare the workforce work and submitted as ahead of schedule as could reasonably be expected.

8 0
3 years ago
Assuming the use of a 365-day year, Barry Bees, Inc.'s Cost of Goods Sold equals $10,000. A. Its Beginning Inventory was $800, a
Ket [755]

Answer:

The answer is 36.5 days

Explanation:

Average days to sell inventory is the number of days it takes a firm or business to sell its inventories in a year.

(Average inventory/cost of goods sold) x 365 days

Average inventory = ($800 + $1,200) ÷ 2

=$1,000

Therefore, Barry Bee's average days to sell inventory is ($1,000 ÷ $10,000) x 365days

=36.5 days

7 0
2 years ago
EFG Company experienced a reduced demand for its products during a recession. EFG managers were considering laying off some work
Yuliya22 [10]

Answer:

A) experience rating.

Explanation:

In Insurance, An experience rating is a rating method used by the insurance company to calculate workers' compensation insurance and to determine the amount of loss that an insured party experiences compared to the amount of loss that similar insured parties experienced.

EFG Company's managers could use it to calculate their experience modification factor i.e premiums up or down.

7 0
3 years ago
Which statement is true? A. Bonds are generally called at par value.B. A current list of all bondholders is maintained whenever
slavikrds [6]

Answer: Option C

Explanation:

A. Bonds can be called at discount or premium depending upon the interest rate availing in market and the coupon interest rate.

B. In case of bearer bonds no transactions and ownership records are maintained.

C. Indenture is the contract between issuer and holder specifying the duties and obligations of issuer and the rights of holders.

D. Collateralized bonds are backed by a pool of assets while debentures are unsecured bonds .

E. A bondholder can have the right to determine it only when he have the put option with him otherwise the right to call bond lies with the issuer.

8 0
3 years ago
Other questions:
  • Obtain estimates of daily relatives for the number of customers at a restaurant for the evening meal, given the following data.
    5·1 answer
  • What is a risk assessment?
    8·1 answer
  • The main provision of the Occupational Safety and Health Act states that each employer should furnish each employee a place of e
    9·1 answer
  • Which assumed inventory cost flow method: (a) usually parallels the actual physical flow of merchandise? select a method (b) div
    11·1 answer
  • What does "embedding a video" mean?
    8·2 answers
  • Ignatius Inc., a lock manufacturer, is a part of a national program in which employers encourage disabled workers to work with e
    5·1 answer
  • Given the following information, determine net income. The retained earnings balance on January 1, 2018, equals $58,000; dividen
    15·1 answer
  • The long-time CEO of a large paper company is retiring. the members of the board want to make sure that the new person they hire
    15·1 answer
  • \Why is it important to consider scholarships and grants before loans to pay for higher education?
    9·1 answer
  • Describe strategies that companies can employ to help ensure that employees approach transfers and promotions, particularly when
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!