Answer:
The total amounts payable to preferred stockholders and common stockholders, respectively, are: $480,000 and $320,000.
Explanation:
Cumulative preferred stock has the dominant right over common stocks in term of receiving cash dividend.
The dividend paid to preferred stock per year is: 100 x 20,000 x 8% = $160,000 and the company owed investor 03 years of dividend ( 2016,2017,2018) with the dividend payable amounted to 160,000 x 3 = $480,000.
The dividend paid to common stock is the left over, after paying to preferred stock holders, which is calculated as $800,000 - $480,000 = $320,000.
So, The total amounts payable to preferred stockholders and common stockholders, respectively, are: $480,000 and $320,000.
Answer:
no no entry will be made
Explanation:
Data provided in the question:
Date on which inventory sold, December 29
Amount of inventory sold = $5,500
Account terms = 2/10 n/30
Date on which amount is paid, January 3
Now,
Since the date on which the entry is being made (i.e December 29) is before the payment is actually made (i.e January 3). Therefore, no no entry will be made in its inventory account
Answer:
a) complete crowding out.
Explanation:
This is an example of crowding out effect, when government increases it's involvement in a market, such that it reduces private sector investment, it is called crowding out
Answer:
Estimated manufacturing overhead rate= $34.57 per machine hour.
Explanation:
Giving the following information:
Acheson Corporation applies manufacturing overhead based on machine-hours.
Estimated manufacturing overhead $ 157,300
Estimated machine-hours 4,550
To calculate the estimated manufacturing overhead rate we need to use the following formula:
Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Estimated manufacturing overhead rate= 157,300/ 4,550= $34.57 per machine hour.
Answer:
Explanation:
in booths to attract in-person attention. Online, customers will be able to see all the variety of necklaces we have available and learn about our products. 5. If your company grows big enough to hire sales people, will you set sales quotas or use commissions? Why or why not? (1-2 paragraphs. 5.0 points) I would use commissions. This is because it is more economical for the company, only having to pay sales people when they successfully sell a product. It would motivate the sales people to sell more products because they know they benefit from it. Although it can pressure them sometimes, I feel like it would be the best route to take
