Oldham Corporation bases its predetermined overhead rate on a variable manufacturing overhead cost of $4.00 per machine-hour and
1 answer:
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Answer:
Following are the solution to the given question:
Explanation:
Revenue before continuing business 585000
less:income tax -187000
Continuous business revenue 398,000
Operations stopped
Loss of non-compliance -75000
Less: Applicable drop in income tax from 25500 - 49500
net sales 348500
Popular inventory per share
Continued operating revenue
Losses on disrupted businesses, tax net Net-0.495
Net profits
Answer:
Preference shareholders = $36,000
Equity shareholders = $9,000
Explanation:
As provided the outstanding preference dividend at end of 2012 = $12,000
Total cash dividends declared = $45,000 in the year 2013
Regular preference dividends = $100 3,000
8% = $24,000
Thus, when dividends will be paid in 2013 then firstly they will be used for payment to preference shareholders.
Thus, the company shall pay:
$12,000 + $24,000 = $36,000 to preference shareholders.
Further the balance will be paid to equity shareholders.
= $45,000 - $36,000 = $9,000