Paragraphs in a business email should be 20 to 40 words long. True False

Lightfoot Inc., a software development firm, has stock outstanding as follows: 40,000 shares of cumulative preferred 1% stock, $

Kitty [74]

Answer:

#1 36,000 preferred

#2 58,000 preferred

#3 58,000 preferred // 17,000 common

#4 50,000 preferred // 74,000 common

Explanation:

preferred stock dividends:

40,000 x $125 each x 1% = 50,000

the common stock will take whatever is left after preferred stock.

first year: $ 36,000

asthe preferred stock are cumulative, there is 14,00 dividends in arrears

second year: $ 58,000

we got the 50,00 for the current year plus the 16,000 in arrears

this amount declared is not enough, there are still 8,00 in arrears

third year: $ 75,000

there is 58,000 dividends for preferred stock

the rest goes for common stock

fourth year: $ 124,000

there is no arrears so the preferred only receive the 50,000 and the rest goes for common shares.

3 0

3 years ago

A company has advance subscription sales totaling $45,000 for the upcoming year when four quarterly journals will mailed to cust

labwork [276]

Answer:

Journal entry.

Debit creditors account with $15,000 and credit company's sales account with $15,000

Being quarterly journal subscription paid in advance last year.

Explanation:

The advance subscription payments customers are taken as creditors of the company. The company owes them the service of mailing the quarterly journals to them. The total creditors payment ($45,000) will be recorded as credit entry in the books of the company's creditors account and as the company discharges the liability, the amount is passed to debit side of the creditor's account. We assume equal quarterly subscription amount, which will result in $15,000 for each quarter in a year.

3 0

3 years ago

To estimate the percentage of defects in a recent manufacturing batch, a quality control manager at Toyota selects every 19th c

ryzh [129]

Answer: Systematic

Explanation: It refers to a method of sampling in which the samples are selected from a population randomly but as per a set criteria and defined interval. The interval is computed by dividing the population with the sample size needed.

In the given case, the quality manager starts taking sample on the on a fixed interval, that is, every 19th car after the ninth car.

Hence from the above we can conclude that the correct option is B.

5 0

4 years ago

You have just obtained a mortgage to purchase your home. The ________ that you paid to obtain the loan are charges that must be

garik1379 [7]

Answer:

Points

Explanation:

Mortgage points or discount points are prepaid interest available when obtaining a mortgage.

When a lender charges the borrower points he is in effect increasing the yield on the loan above the interest rate agreed on the loan.

Borrowers can also offer points to the lender to obtain a reduced interest rate and reduced monthly payment in exchange for upfront payment of points.

8 0

4 years ago

Assume you graduate from college with $26 comma 000 in student loans. If your interest rate is fixed at 4.70% APR with monthly

mylen [45]

Answer:

$271.97

Explanation:

For this question we use the PMT i.e monthly payment that is presented on the attached spreadsheet. Kindly find it below:

Data provided in the question

Given that,

Present value = $30,000

Future value = $0

Rate of interest = 4.70% ÷ 12 months = 0.391666%

NPER = 10 years × 12 months = 120 months

The formula is shown below:

= PMT(Rate;NPER;-PV;FV;type)

The present value come in negative

So, after solving this, the monthly payment is $271.97

3 0

3 years ago