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kvv77 [185]
2 years ago
11

Swifty Corporation, has 14100 shares of 4%, $100 par value, cumulative preferred stock and 61000 shares of $1 par value common s

tock outstanding at December 31, 2021. There were no dividends declared in 2019. The board of directors declares and pays a $101000 dividend in 2020 and in 2021. What is the amount of dividends received by the common stockholders in 2021
Business
1 answer:
dlinn [17]2 years ago
3 0

Answer: $32,800

Explanation:

Every year, the preference shareholders are entitled to the following in dividends;

= 14,100 * 4% * 100

= $‭56,400‬

These shares are cumulative which means that if dividends are not paid in one year, they will have to be accured and paid in another.

No dividends were paid in 2019.

In 2020, dividends were $101,000

Preference shareholders would get dividends for both 2019 and 2020 from here so;

= 56,400 + 56,400

= $112,800

They will take all $101,000 and still be owed;

= 112,800 - 101,000

=$ 11,800

In 2021, their Preference dividends will be;

= 56,400 + 11,800

= $68,200

Amount left for Common shareholders in 2021 will therefore be;

= 101,000 - 68,200

= $32,800

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Answer:

The annual amortization expense for 2019 will be $35000.

Explanation:

The amortization expense for the patent calculated based on the useful life of patent. The purchase of value of $235000 plus $10000 gives the total value of $245000 while use the patent of 7 years.

The formula for amortization expense = (Cost of patent - Residual value ) / Useful life of patent)

amortization expense = ($245000-0)/7 = $35000

The legal life would not count due patent in business use for limited life compare to legal life of patent.

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3 years ago
In a small open economy, if consumer confidence falls and consumers decide to save more, then the real exchange rate:______. a.
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Answer:

D. Falls, and net export rises.

Explanation:

When consumers decide to save more in a given economy due to consumer's confidence falling, the net export rises as producers and sellers would seek alternative measures in trying to sell their goods and services. So they begin to export their goods and services in order to offset the decrease in demand for that good or service locally.

Also, real exchange rate will also fall. This is as a result of increase in exportation and reduction in the prices of export.

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3 years ago
Which of the following is not a key component of the merger model we walked through in the course?
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Gathering publicly available comparable company information

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6 0
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When conducting a research study attempting to understand what features were most important to automobile consumers, Gary's Rese
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A. Structured.

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Canada goes to considerable lengths to protect its television program and magazine producers from U.S. competitors. The United S
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D. All the Above

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B. Lead to greater output even if you can do everything better than someone else.

This is true since although a country has a competitive advantage in all industries, concentrating its labor and capital in the production of the good or service in which it has the greatest competitive advantage will allow a higher level of production in that sole good/service than if he divided his resources into the production of other goods and services.

C. Lead to international trade and overall gains for the nations involved.

This point, despite being true, is debatable. In theory, international trade allows to reach greater levels of wealth to the countries involved by being able to exchange the goods in which they have competitive advantage for others that if they were produced in the country they would consume part of their resources by not having such high productivity as if it will trade with a country that does have the capacity to produce it.

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