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ale4655 [162]
3 years ago
7

What is the number of times preferred dividends were earned for the following data? Total current liabilities (noninterest beari

ng) - $300,000; bonds payable, 5% (issued in 2007, due in 20 years) - $600,000; preferred 6% stock, $200 par - $240,000; common stock, $20 par - $480,000; premium on common stock - $120,000; retained earnings - $420,000. Income before income taxes was $180,000 and income taxes were $78,000 for the current year.
Business
1 answer:
Alekssandra [29.7K]3 years ago
6 0

Answer:

Times preferred dividends eared: 7.08333

Explanation:

income before taxes - taxes = net income

180,000 - 78,000 = 102,000

preferred dividends:

outstanding preferred shares x yield

$ 240,000 x 6% = $14,400

Times dividends earned:

102,000 / 14,400  = 7.08333333333

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In the Control Process, it is important to use the proper comparison method when comparing task results with its objectives and
DaniilM [7]

Answer: Personal comparison

Explanation:

When it comes to the Control Process, entities are allowed to use several comparison methods when comparing task results with objectives.

These include:

  • the Historical method where current performance is compared to past performance
  • the Relative comparison method where the organization's performance is compared against a benchmark of other organizations in the industry.
  • Engineering comparison where schedules are used to ensure that activities finish on time.

Personal comparison is not an acceptable method.

4 0
3 years ago
The statement of owner's equity begins with the beginning balance followed by a.adding net income less withdrawals b.adding inve
ddd [48]

Answer:

D. Adding investments plus net income less withdrawals.

Explanation:

This statement is generally used to show the owners capital at the beginning of an investment period which is seen or said to affect or changes in balance sheet at a section termed to be the equity section. It is said to reveal and let a shareholder know the additional and subtractional changes that happens/happened in the shareholders account.

In some certain business kind which ranges from a sole proprietorship type of business to the others, movement in capital occurs as a result of some elements.

Therefore it is seen that net income less withdrawals and also investment adding is been seen after an investors equity statement in the beginning of account balancing.

6 0
3 years ago
Sturdy Construction has been a successful, small, home-building firm for years. The owner pays subcontractors slightly more than
bazaltina [42]

In this case, the Sturdy Construction is engaging in an effective supply chain management.

<h3>What is supply chain management?</h3>

The management of Supply chain means the process of handling the flow of goods & services, right from the raw manufacturing process to the final production which facilitate its consumption by the consumer.

In conclusion, the the Sturdy Construction is engaging in an <u>effective supply chain management</u>.

Read more about supply chain

<em>brainly.com/question/25160870</em>

5 0
2 years ago
On a common-size balance sheet all accounts for the current year are expressed as a percentage of:
OLga [1]

Answer:

d. Total assets of the current year.

Explanation:

All accounts of the current year regardless of their nature, what I mean with this is that any account could add or subtract, all that kind of operations at the end give you the total result of the current year, and every account of the respective year could be expressed as a percentage of the total assets of the respective year, for example:

                                                                                                                                                 

Total assets year A         $1000                        Total assets year A  100%  

cash  year A                     $200                         cash  year A              20%        

equipment  year A          $600                          equipment  year A    60%

buildings    year A           $200                          buildings   year A       20%

Every account correspond to the same year of the calculation.

7 0
3 years ago
Lauren is an attorney. Like the conduct of all attorneys, Lauren’s conduct is governed by rules of professional conduct establis
GREYUIT [131]

Answer:

a. ​the American Bar Association.

Explanation:

-American Bar Association is an organization that is formed by law students and lawyers and it establishes codes of conduct for this profession. It created the Model Rules of Professional Conduct in 1983 and it is used in 49 states.

-American Institute of Certified Public Accountants is an organizaion formed by certified accountants in the United States and it determines ethical standards for the professionals.

-​The Securities and Exchange Commission is an agency of the United States government that develops and enforces laws for the securities industry.

-The International Accounting Standards Board is a body of the IFRS Foundation that establishes accounting standards.

According to this, the answer is that  Lauren’s conduct is governed by rules of professional conduct established by the state in which she is licensed, and the Model Rules of Professional Conduct of the American Bar Association.

8 0
3 years ago
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