3 years ago

Altira Corporation provides the following information related to its merchandise inventory during the month of August 2021:

Business

1 answer:

RoseWind [281]3 years ago

5 0

Answer:

Please find the complete solution in the attached file.

Explanation:

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Green Planet Corporation has 6,000 shares of noncumulative 11% preferred stock with a $2 par value and 21,900 shares of common s

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Preferred dividends = preferred shares x Par value of 1 preferred stock x Preferred dividend rate

Preferred dividend = 6000 shares x 11% x $2 = $1320

Total dividend paid in year 1= $640

Preferred stockholders will receive a cash dividend of $640 in the first year. Because preferred stocks are not cumulative, there will be no preferred stock divided in arrears in year 1.

Arrear of dividends = $1320 - $640 = $680

Total dividend in year 2 = $2190

Dividend paid on common stock in year 2 = dividend paid in year 2 - Annual preferred dividends

=> 2190 - 1320 = $870

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murzikaleks [220]

A ‘con’ maybe? only thing i can think of

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3 years ago

Veronica’s Dress Shop marked down a pair of shoes 15% if the customer purchased them with a dress or pantsuit. The shoes’ sale p

34kurt

Multiply .15 by $59.00. That number is the discount off of the $59. This number comes out to be $8.85. Now subtract that from 59. This number comes out to $50.15. That would be the price of the shoes. <span />

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4 years ago

Jackson Manufacturing Company had a beginning inventory of $24,500. During the year, the company recorded inventory purchases of

vampirchik [111]

Answer:

ending finished inventory= $95,500

Explanation:

Giving the following information:

Beginning inventory= $24,500.

Purchases= $140,000

Cost of goods sold of $69,000

To calculate the ending inventory, we need to use the following formula:

COGS= beginning finished inventory + cost of goods purchased - ending finished inventory

69,000= 24,500 + 140,000 - ending finished inventory

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ending finished inventory= $95,500

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Answer:

D. Formal Workplace

Explanation:

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