The state and local police departments are trying to analyze crime rates so they can shift their patrols from decreasing-rate ar
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Answer:
See the attached photo for the completed the schedule.
Explanation:
Note: See the attached photo for the completed the schedule.
In the attach excel file, the following formulae and calculations are used:
Peferred stock dividend per share = Total cumulative preferred stock dividend paid in a year / Number of cumulative preferred shares
Common stock dividend per share = Total common stock dividend paid in a year / Number of common shares
Total cumulative preferred stock dividend = Number of cumulative preferred stock * Par value * Dividend rate = 2,500 * $100 * 10% = 2,500 * $100 * 10% = $25,000
Outstanding cumulative preferred stock dividend in Year 1 = Total cumulative preferred stock dividend - Total cumulative preferred stock dividend paid in Year 1 = $25,000 - $10,000 = $15,000
Outstanding cumulative preferred stock dividend in Year 2 = Outstanding cumulative preferred stock dividend in Year 1 = $15,000
Total cumulative preferred stock dividend paid in Year 3 = Total cumulative preferred stock dividend + Outstanding cumulative preferred stock dividend in Year 2 = $25,000 + $15,000 = $40,000
Total common stock dividend paid in Year 3 = Dividend distributed in Year 3 - Total cumulative preferred stock dividend paid in Year 3 = $60,000 - $40,000 = $20,000
Answer:
Selling Price per unit = $287.5 per unit
Explanation:
Provided quantum of sales = 10,000 units
Cost statement for 10,000 units
Direct material = $100 10,000 = $1,000,000
Direct Labor = $30 10,000 = $300,000
Variable Overhead = $45 10,000 = $450,000
Fixed Overhead Costs = $635,000
Fixed Selling and administrative Cost = $115,000
Total = $2,500,000
Add: Profit mark up 15% = $375,000
Total Selling Value = $2,875,000
Selling Price per unit = $2,875,000/10,000 = $287.5 per unit