Answer:
$84,000
Explanation:
preference share dividend is at 5% on $100 par value. The number of preference shares is 12,000 shares ( non cumulative)
The year 2017 preference share dividend pay out is 5% of 100 multiplied by 12,000 = $60,000
Deduct $ 60,000 from $144,000 dividend declared in 2017 , the balance is common stockholders dividend.
144,000 minus 60,000 = $84,000
Non cumulative preference shares dividend are paid first for the year the company declares dividend. The dividend is not cumulative ( prior years dividend for which company did not declare dividend are forfeited).
The common stockholders are paid dividend after preference shares dividend are paid. The common stockholders bears the full risk of the business as seen above. In event of liquidation, they are the last to be settled from realised asset of the bankrupt company.
Answer:
The Annual Growth Rate of the country's real GDP per capita during these 10 years is 7.18%.
Explanation:
The formula that is used to calculate Annual Growth Rate over a number of years is given below:
{ [ (New Value / Old Value) ^ (1 / n) ] - 1 } * 100
where
New Value = 18,000
Old Value = 9,000
n = Number of Years: In this case. 2000 - 1990 = 10 years.
Answer:
$284,200
Explanation:
The computation of cash collections is shown below:-
Cash sales of October = $282,000 × 80%
= $225,600
Credit sales collection
September = ($304,000 × 20%) × 50%
= $30,400
October = $282,000 × 20% × 50%
= $28,200
Total cash collections for the month of October = Cash sales of October + Credit sales collection of September + Credit sales collection of October
= $225,600 + $30,400 + $28,200
= $284,200
Answer:
The correct answer is B. Lara cannot be legally terminated for smoking outside the workplace.
Explanation:
If the conduct is not based on facts that occurred in the performance of her duties, Lara cannot be fired by Bright Daffodils. In this case, people have legislation that protects them and, in the event of dismissal, Lara can request the reinstatement of their work because, within the structure of the law, smoking is not considered a crime. Despite this, Lara must comply with internal policies and must not smoke during her working hours.
Answer:
Accrual basis of accounting
Explanation:
Accruals basis accounting (accruals accounting, the matching concept) depicts the effects of transactions and other events and circumstances on a reporting entity’s economic resources and claims in the periods in which those effects occur, even if the resulting cash receipts or payments occur in a different period.
Revenue from sales and other income should be reported in the period when the income arises (which might not be the same as the period when the cash is received from the customer / client).
Based on the above discussion it can be concluded that the Portie's practice is an example of accrual basis of accounting.
