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zaharov [31]
3 years ago
14

When Crossett Corporation was organized in January Year 1, it immediately issued 4,000 shares of $50 par, 6 percent, cumulative

preferred stock and 50,000 shares of $20 par common stock. Its earnings history is as follows: Year 1, net loss of $35,000; Year 2, net income of $125,000; Year 3, net income of $215,000. The corporation did not pay a dividend in Year 1. Required a. How much is the dividend arrearage as of January 1, Year 2?
Business
1 answer:
hichkok12 [17]3 years ago
3 0

Answer:

The correct answer is $12,000.

Explanation:

According to the scenario, the given data are as follows:

Shares issues On Jan.1 Year 1 = 4,000 shares

Par value of shares = $50 par

Cumulative preferred stock = 6%

So, we can calculate the dividend arrearage as of January 1, Year 2 by using following formula:

Dividend as of Jan.1, year 2 = Shares issues On Jan.1 Year 1 × Par value of shares × Cumulative preferred stock

= 4,000 × $50 × 6%

= $12,000

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Abel was employed as a security guard for Seep Corporation. Abel's job was to guard a fenced-in area and to use force to keep in
snow_tiger [21]

Answer:

B) Seep's is not liable because Abel didn't act within the scope of his employment.

Explanation:

Seep Corporation is only liable for actions made by its employees when they are acting within the scope of their employment and within labor hours. Even though Abel was a security guard whose job was to guard the fence, he was outside his work hours. His work shift is from 8:00 A.M. to 5:00 P.M. and the incident occurred at 11 P.M. which is 6 hours after his shift was over.

8 0
3 years ago
A b2b buy-side marketplace typically uses what kind of auction
Dmitriy789 [7]
<span>Transactions between businesses conducted electronically over the Internet, extranets, intranets, or private networks; also known as eB2B (electronic B2B) or jusT B2B. Also a corporate based acquisition site will use reverse auctions as well. It's also a model in which corporations buy products and services from other companies as well.</span>
7 0
3 years ago
"A call center has a total of 12 telephone lines coming into its customer service department, which is staffed by 5 customer ser
Dmitrij [34]

Answer:

A...increase

B...be unchanged

C....increase

Explanation:

It should be understood that it is only the telephone lines that was increased and not the number of the customer representatives, and also the number of the time they were using to attend to each customer was not reduced. So in this case, the number of customers that will be experience delay will definitely increase, why the time spent on phone by the customer representatives will remained unchanged, and the customer representatives utilization will increase too.

7 0
3 years ago
What does a general disk cleanup do?
vodka [1.7K]
A general disk cleanup removes unnecessary files (C). 
While the general disk cleanup is active, the utility first looks for/inspects the hard drive for files that are useless, then will remove those files. 

I hope this answers your question, good luck on your assignment. 

7 0
3 years ago
Suppose a​ 40-year-old person deposits ​$12 comma 00012,000 per year in an Individual Retirement Account until age 65. Find the
tatiyna

Answer:  interest earned = $8942372340

$8942672340 this is amount after 25 years.

Explanation:

formula used:    S= R*[ (1+<em>i </em>)ⁿ-1 / <em>i </em>]

where:

S is future value

R is periodic payment

<em>i </em> is interest rate period

n is number of periods

R= $3000

n= 65-40=25   now 25*4=100   QUARTERLY that is why we used 4

<em>i </em>= 55% which is equal to 0.55

so, for quarterly <em>i= </em>0.55/4= 0.138

now putting them in formula given above

S= 3000*[ (1+0.138)¹⁰⁰-1] / 0.138

S= $8942672340 (future value )

total money deposited = number of period * periodic amount

                                        = $3000*100 = $300,000

interest earned = future value - total money deposited

                           = 8942672340 - 300,000

 interest earned = $8942372340

8 0
3 years ago
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