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
RideAnS [48]
3 years ago
8

Texas Inc. has 10,000 shares of 6%, $125 par value, cumulative preferred stock and 50,000 shares of $1 par value common stock ou

tstanding at December 31. What is the annual dividend on the preferred stock
Business
1 answer:
katovenus [111]3 years ago
5 0

Answer:

$75,000

Explanation:

Calculation for the annual dividend on the preferred stock

Using this formula

Annual Dividend= Number of shares × Par value × Dividend %

Let plug in the formula

Annual Dividend= 10,000 shares × $125 × 6%

Annual Dividend= $75,000

Therefore the annual dividend on the preferred stock will be $75,000

You might be interested in
Can someone please help mee
Vsevolod [243]

Answer:

$1,467.88

Explanation:

Net pay is the amount one receives after subtracting deductions from the gross pay. Therefore, net pay is the gross pay minus all the deductions such as social security, federal and state taxes.

In this case, the gross pay is $1,828. The total taxes are $ 360.12.

The net pay will be $1,828 -360.12.

= $1,467.88

6 0
3 years ago
In an organic organization:_______
Romashka-Z-Leto [24]

Answer:

d. employees are encouraged to develop knowledge and expertise outside of their specialization.

Explanation:

An organizational structure can be defined as the process which typically involves dividing an organization into various functional units.

Basically, the organizational structure comprises of three (3) main dimensions and these are;

I. The vertical dimension: this is typically the decision-making responsibilities (decentralization and centralization).

II. The horizontal dimension: this divides the organization into subunits.

III. Integrating mechanisms: it is based typically on the strategic mechanism that controls the various subunits within an organization.

An employee can be defined as an individual who is employed by an employer of labor to perform specific tasks, duties or functions in an organization.

Basically, an employee is saddled with the responsibility of providing specific services to the organization or company where he is currently employed while being paid a certain amount of money hourly, daily, weekly, or monthly depending on the contractual agreement between the two parties (employer and employee).

In an organic organization unlike a mechanistic organisation, employees are encouraged to develop knowledge and expertise outside of their specialization rather than being static or inflexible.

6 0
3 years ago
Read 2 more answers
On January 1, Parson Freight Company issues 7%, 10-year bonds with a par value of $2,000,000. The bonds pay interest semiannuall
Minchanka [31]

Answer:

The correct option is Debit Cash $1,864,097; debit Discount on Bonds Payable $135,903; credit Bonds Payable $2,000,000.

Explanation:

This question is an instance of bonds issued at a discount. This happens when a bond is issued below the face value of the bond and also happens when the coupon rate on the bond payable is less than the market rate.

The face value of the bond payable is $2,000,000 while the market value is $1,864,097, so there is a discount of $2,000,000 - $1,864,097 = $135,903 on the bond payable, which is to be amortized over the life of the bond payable.

So, the appropriate journals to record this transaction is as provided above.

4 0
3 years ago
1. When the quantity supplied is larger than the quantity demanded.: When the quantity supplied is larger than the quantity dema
ASHA 777 [7]

Answer:

1. b.Excess Supply

2. e.Equilibrium Quantity

3. c.Equilibrium

4. a.Equilibrium Price

5. d.Excess Demand

7 0
2 years ago
At its simplest, acquisition management can be viewed as:
Goryan [66]

Answer:

The correct answer is letter "D": project management plus operations management.

Explanation:

Acquisition management refers to all the efforts a company makes to obtain the materials necessary for the operations process stage to take place. Labor, land, and equipment are the main factors that the company must acquire to make its project become true. Under that scenario, project management and <em>operations management </em>are the core of the <em>acquisition management</em>.

3 0
3 years ago
Other questions:
  • On July 1, Runner's Sports Store paid $14,000 to Corona Realty for 4 months rent beginning July 1.Prepaid Rent was debited for t
    8·2 answers
  • Which investment has the liquidity and can be converted into cash easily?
    14·2 answers
  • Tune Products, Inc. offers to sell to United MP3 Sales Co. one hundred MP3 players at $50.00 a piece, subject to certain deliver
    5·2 answers
  • As referred to in the NSMIA, the term "covered security" would apply to
    7·1 answer
  • Market failure associated with the free-rider problem is a result of Group of answer choices a problem associated with pollution
    10·1 answer
  • The __________________, passed in 1968, requires the clear explanation of consumer credit costs and garnishment procedures (taki
    9·1 answer
  • On 3/15/20, Robertson Corp. bought land from Lear, Inc. for $248,000. Lear had carried the land on its books at $240,000. Robert
    7·1 answer
  • Select the correct answer.
    12·1 answer
  • For those wishing to purchase a franchise, the Federal Trade Commission acts as a guardian ensuring that the business idea is so
    12·1 answer
  • Assume the account number for income summary is 901.2
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!