Men and women should each establish a credit history. True or False?

York’s outstanding stock consists of 80,000 shares of noncumulative 7.5% preferred stock with a $5 par value and also 200,000 sh

Arisa [49]

Answer:

total non-cumulative preferred stock dividends per year = 80,000 x 7.5% x $5 = $30,000

since the bonds are non-cumulative, if the dividends are not paid during one year, they are basically lost since they will not be paid in the future.

year

2015: $20,000 distributed to preferred stockholders

$0.25 per preferred stock
$0 to common stockholders

2016: $28,000 distributed to preferred stockholders

$0.35 per preferred stock
$0 to common stockholders

2017: $30,000 distributed to preferred stockholders, $170,000 distributed to common stockholders

$0.375 per preferred stock
$0.85 per common stock

2018: $30,000 distributed to preferred stockholders, $320,000 distributed to common stockholders

$0.375 per preferred stock
$1.60 per common stock

Dividends paid during the 4 year period:

Preferred stockholders received $108,000 in total

$1.35 per preferred stock

Common stockholders received $490,000 in total

$2.45 per common stock

3 0

3 years ago

On January 1, 2021, Tonge Industries had outstanding 480,000 common shares ($1 par) that originally sold for $30 per share, and

ira [324]

Answer:

842,000 shares

Explanation:

Please the solution to the given problem in the file attached below

5 0

3 years ago

Read 2 more answers

Consumer surplus in a market for a product would be equal to ________ if the market price was zero.

Scrat [10]

The answer to your question is the area under the demand curve

6 0

3 years ago

Consider a hypothetical closed economy in which households spend $0.60 of each additional dollar they earn and save the remainin

Liono4ka [1.6K]

Answer: Marginal propensity to consume = $0.60

Spending multiplier = $2.5

Explanation: The MPC can be calculated using following equation :-

$MPC=\frac{change\:in\:consumption}{change\:in\:spending}$

$MPC=\frac{\$0.60}{\$1}$

= 0.60

Similarly, we can calculate spending multiplier as :-

$Spending\:multiplier\:=\:\frac{1}{1-MPC}$

$Spending\:multiplier\:=\:\frac{1}{1-0.60}$

= $2.5

8 0

3 years ago

dar Grove Industries produces and sells a cell phone-operated home security control. Information regarding the costs and sales o

Neporo4naja [7]

Answer:

.................................................................................................

Particulars Unit cost Amount

Sales income $ 47 $ 376,000

Less: Variable cost $ 24 $ 192,000

---------------------------------------------------------------------------

Contribution Margin $ 13 $ 184,000

Less: Fixed cost $ 124,000

---------------------------------------------------------------------------

Net income $ 60,000

...................................................................................................

Explanation:

Given:

Unit selling price = $ 47

Variable cost = $ 24

Total monthly fixed cost = $ 124,000

Number of units sold = 8,000

CVP income statement for Cedar Grove Industries for the month of May is as:

.................................................................................................

Particulars Unit cost Amount

Sales income $ 47 $ 376,000

Less: Variable cost $ 24 $ 192,000

---------------------------------------------------------------------------

Contribution Margin $ 13 $ 184,000

Less: Fixed cost $ 124,000

---------------------------------------------------------------------------

Net income $ 60,000

...................................................................................................

here, the amount is for the total unit i.e 8000 units multiplied by the unit cost

8 0

3 years ago