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
ipn [44]
3 years ago
9

Do It! Review 11-3a Incorrect answer. Your answer is incorrect. Try again. Riverbed Corp has 3,300 shares of 7%, $103 par value

preferred stock outstanding at December 31, 2017. At December 31, 2017, the company declared a $123,500 cash dividend. Determine the dividend paid to preferred stockholders and common stockholders under each of the following scenarios. 1. The preferred stock is noncumulative, and the company has not missed any dividends in previous years. The dividend paid to preferred stockholders $Entry field with incorrect answer now contains modified data The dividend paid to common stockholders $Entry field with incorrect answer now contains modified data 2. The preferred stock is noncumulative, and the company did not pay a dividend in each of the two previous years. The dividend paid to preferred stockholders $Entry field with incorrect answer now contains modified data The dividend paid to common stockholders $Entry field with incorrect answer now contains modified data 3. The preferred stock is cumulative, and the company did not pay a dividend in each of the two previous years. The dividend paid to preferred stockholders $Entry field with incorrect answer now contains modified data The dividend paid to common stockholders $Entry field with incorrect answer now contains modified data Click if you would like to Show Work for this question: Open Show Work
Business
1 answer:
harina [27]3 years ago
5 0

Answer and Explanation:

1. The preferred stock is non-cumulative, and in previous years, the company has not skipped any dividends.

Dividend paid to preferred shareholders = Shares × Par value preferred stock × Shares percentage

= 3300 × $103 × 7%

= $23,793

Dividend paid to common shareholders = Cash dividend - Dividend paid to preferred shareholders

= $123,500 - $23,793

= $99,707

2. The preferred stock is non-cumulative, and in both of the two previous years, the company did not pay a dividend.

Dividend paid to preferred shareholders = Shares × Par value preferred stock × Shares percentage

= 3300 × $103 × 7%

= $23,793

Dividend paid to common shareholders = Cash dividend - Dividend paid to preferred shareholders

= $123,500 - $23,793

= $99,707

3. The preferred stock is cumulative, and in both of the two previous years the company did not pay a dividend.

Dividend paid to preferred shareholders =  Shares × Par value preferred stock × Shares percentage × Number of years

= 3,300 × $103 × 7% × 3

= $71,379

Dividend paid to common shareholders = Cash dividend - Dividend paid to preferred shareholders

= $123,500 - $71,379

= $52,121

You might be interested in
Impression management research shows in the first five minutes:
siniylev [52]
The answer is <span>) A positive impression can predict the applicant will be hired 75% of the time.  
Hiring manager will rely on non-verbal communication rather than the verbal in evaluating an applicant. For example, if the moment you came in the hiring manager see you walk with a slouching posture, he/she will more likely to conclude that you do not have confidence.</span>
7 0
3 years ago
Stefan is having discussions with​ customers, product​ enthusiasts, and other people who engage in online discussions. Which inf
quester [9]

<u>Answer: </u>Option E

<u>Explanation:</u>

Analyzing the audience in informal method is through listening to the community. This is the feedback that Stefan can collect by listening to what the community says. based on this information decisions can be made by the product managers. By listening to the community Stefan can also understand their perspective.

To achieve excellence in business communication it is necessary to have informal communication of listening to community. Through listening important messages and insights can be received from customers, product enthusiasts and people in online discussions.

8 0
3 years ago
Suppose that a project has a depreciable investment of $600,000 and falls under the following accelerated depreciation schedule
Alex

Solution :

Depreciation rates   16.67%      16.67%    16.67%     16.67%      16.67%      16.67%

(books)

Depreciation        $100000  $100000 $100000  $100000  $100000  $100000

(books)

Depreciation        $35000    $35000    $35000   $35000   $35000  $35000

tax shield (books)

Depreciation rate   20%            32%         19.20%      11.50%      11.50%     5.80%

(tax)

Depreciation       $120000  $192000   $115200  $69000  $69000  $34800

(tax)

Depreciation     $42000   $67200      $40320    $24150     $24150   $12180

tax shield (tax)

6 0
3 years ago
Crystal Lodging recorded $330,000 in revenues, $247,500 in expenses, and $45,000 of dividends for the year. The company began th
Luda [366]

Answer:

Change in Assets is $127,500

Explanation:

The accounting equation for a corporation is:

Assets = Liabilities + Stockholders' Equity

⇒ Liabilities = Assets - Stockholders' Equity

= $285,000 - $130,500

= $154,500

At the end of years,

  • Liabilities amount = Liabilities in the beginning + Change in liabilities = $154,500+ $90,000 = $244,500
  • Stockholder's equity amount = Stockholder's equity + Change in stockholder's equity = $130,500 + $37,500 = $168,000

The assets at the end of year = $168,000 + $244,500 = $412,500

Change in Assets = $412,500 - $285,000 = $127,500

Shorter answer:

Change in Assets = Change in Liabilities + Change in Stockholders' Equity

= $90,000 + $37,500 = $127,500

8 0
3 years ago
The Vermont Teddy Bear Company sells handmade Teddy bears designed to be given as gifts for almost every occasion imaginable. Fo
soldi70 [24.7K]

Answer:

product line

Explanation:

A product line is a group of related products sold by a business under the same commercial brand.

For example, the company might produce a love Teddy for Valentine's Day, GI Teddy for Veteran's Day, Pilgrim Teddy for Thanksgiving, and Santa Teddy for Christmas.

4 0
3 years ago
Other questions:
  • Vanessa’s snowboard manufacturing company has encountered problems with one of its computerized decal makers. Vanessa might get
    12·1 answer
  • After completing the research process, writers should include their findings by
    5·1 answer
  • One consequence of the misuse of PHI is disciplinary action up to and including termination of .
    15·2 answers
  • Manfred is the father of a 16-year-old boy. He notices that his son heads over to the other side of town after getting back from
    11·1 answer
  • Despite the heavy reliance on e-mail, in certain situations calling may be the most efficient channel of communication, whether
    8·1 answer
  • Tara Westmont, the stockholder of Tiptoe Shoes, Inc., had annual revenues of $185,000, expenses of $103,700, The company paid $1
    5·1 answer
  • The Taylor Rule specifies that the federal funds rate target should be equal to:_________ a) equilibrium federal funds rate + in
    8·1 answer
  • On July 8, Compusoft receives $300,000 from a customer toward a cash sale of $1.10 million for customized computer equipment to
    6·1 answer
  • To start a new business, a sole proprietor must meet a small number of government. Which of the following is not one of them
    12·1 answer
  • Bottle Breacher was a successful company that began with crowdfunding through the television show Shark Tank. This is an example
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!