1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
aleksandr82 [10.1K]
3 years ago
6

The Magic Flute Company paid cash dividends totaling $ 310,000 in 2016 and $ 190,000 in 2017. In​ 2018, the company will pay cas

h dividends of $ 955,000. There were no dividends in arrears as of January​ 1, 2016. There are 28,000 shares of common stock outstanding and 80,000 shares of 6​ percent, $100 par cumulative preferred stock outstanding. What is the amount of cash dividends payable to common stockholders in 2018?
Business
1 answer:
Lady bird [3.3K]3 years ago
4 0

Answer:

$15000

Explanation:

The preferred dividend per year = (80000 \times $100) \times 6% = 480000

Here, the preference shares are cumulative thus dividends for preferred stocks are:

For 2016 = $310000  ( $480000 – 310000 = 170000 arrear)

For 2017 = $190000  ($480000 – 190000 = 290000 arrear )

Total arrear till 2017 = 170000 arrear + 290000 arrear = $460000

For 2018 = 480000 + 460000 = $940000

Thus, the amount of dividend payable to common stockholders in 2018 = $955000 - $940000 = $15000

You might be interested in
A Restaurant is open only for 25 days in a month. Expenses for the restaurant include raw material for each sandwich at $4.00 pe
Montano1993 [528]

Answer:

   profit for the day           $ 2,001.64

Explanation:

We should subtract from the revenue of the 200 sandwhich prepared and sold the variable cost to made the sandwhihc the loss for the lost sales and the proportional fixed cost considered are allocated among the 25 days which the restaurant is open.

200 x $15 dollars =             $ 3,000

28 x $5 loss sales:              $   (140)

variable cost: 200 x $4       $  (800)

proportional fixed cost:

(1,234 + 225) / 25 =          <u>   $ (58.36)     </u>

     profit for the day           $ 2,001.64

4 0
3 years ago
Advantages and disadvantages of implementing plan where functional managers will be held responsible for cost overruns against t
Morgarella [4.7K]

Answer:

Kindly check explanation

Explanation:

Implementing plans where functional managers will be held responsible for cost overruns against their original estimate possess both advantages and disadvantages :

The advantages include:

1) Efficient use of Resources : A functional manager could be explained as the head or a person who has managerial authority over a department within a business organization. As such the functional manager will be able to monitor more effectively and take control of his unit. Holding them responsible for cost overruns will ensure that they are more cautious when it comes to resource and cost management as they will not want to be sanctioned.

11) ACCOUNTABILITY: It increases the sense of responsibility of the functional managers as they are being held fully responsible for the decisions made within their unit. This places a higher burden of showing sincerity on the managers.

The disadvantage associated with the plan is the possibility of producing low quality products resulting from the economical and cautious approach embarked upon in other to prevent cost overrun, materials used may be lesser quality than expected.

5 0
3 years ago
Farley Inc. has perpetual preferred stock outstanding that sells for $30 a share and pays a dividend of $4.00 at the end of each
nikklg [1K]

Answer:

the required rate of return i r=0.13%

Explanation:

In order to calculate the required rate of interest in the case of a perpetual preferred stock we will use the following formula:

P(p) = D(p) / r

where P(p) is the preferred price of the stock, D(p) is the preferred dividend price and r is the required rate of interest.

This gives us the following values:

30 = 4 / r

r = 4 / 30

r = 0.13%

4 0
3 years ago
Companies that think carefully about the impact of sensations on product experiences are practicing ________. hedonic consumptio
kolbaska11 [484]

The companies that think carefully about the impact of the sensations are practicing  sensory marketing.

<h3>What is sensory marketing?</h3>

This is the type of marketing that is done to make a product to be appealing to all of the five senses of a person that is to consume to the good.

The sensory  marketing is correct here because the products are to be appealing to the senses.

Read more on sensory marketing here: brainly.com/question/24925953

4 0
2 years ago
I contract with you to buy your desk for $100. Is this an example of common law or UCC?
Airida [17]
Its an example of UCC
6 0
2 years ago
Other questions:
  • An employee earned $4,600 in February working for an employer. The FICA tax rate for Social Security is 6.2% of the first $128,4
    5·1 answer
  • Marion Franklin is the CEO of a local real estate company, Action Realty. The community has seen an increase in population over
    11·1 answer
  • AFW Industries has 214 million shares outstanding and expects earnings at the end of this year of $ 723 million. AFW plans to pa
    7·1 answer
  • The Scrum Team should choose at least one high priority process improvement, identified during the Sprint Retrospective, and pla
    8·1 answer
  • dministrative and selling expenses, and depreciation expenses were $454,000, $99,000, and $144,500, respectively. In addition, t
    9·1 answer
  • Farmer's Fine Furnishings manufactures upscale custom furniture. Farmer's currently uses a plantwide overhead rate based on dire
    14·1 answer
  • if, in the market for money, the quantity of money demanded exceeds the money supply, the interest rate will
    14·1 answer
  • A recent study on enrollment at a liberal arts college concluded that demand elasticity is 0.91. The administration is consideri
    6·1 answer
  • Volume-based rates are appropriate in situations where the incurrence of factory overhead?
    12·1 answer
  • Suppose a consumer has an income of $16, the price of a is $2, and the price of b is $1. which combination is on the consumer's
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!