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frutty [35]
3 years ago
5

Dividends Paid and Dividends in Arrears The Glendora Company has 200,000 shares of cumulative, five percent, $100 par value pref

erred stock outstanding. Last year the company failed to pay its regular dividend, but the board of directors would like to resume paying its regular dividend this year. Calculate the dividends in arrears and the total dividend that must be paid this year. Dividend in arrears $Answer Total dividend $Answer
Business
2 answers:
LiRa [457]3 years ago
8 0

Answer:

Dividend in arrears $1,000,000

Total dividend $2,000,000

Explanation:

Where there is a cumulative preferred stock, any unpaid dividend on such stock must be accrued for and paid when management determined to pay them as such divided is more of a liability than equity.

In the case of Glendora Company, as the management did not pay the cumulative preferred dividend last year, such amount must be provided for and paid together with current year dividend. The amount of dividend payable on the preferred stock each year is (200,000 units x $100 each x 5%) = $1,000,000 per annum.

The amount will double the following year thereby making the divided payable to $2,000,000 as follows:

                        Accrued dividend       $1,000,000

                        Current year dividend <u>$1,000,000</u>

                        Total amount due          <u>$2,000,000</u>

Ierofanga [76]3 years ago
7 0

Answer:

Dividend in arrears $ 1,000,000

Total Dividend       $ 2,000,000  

Explanation:

The dividend at 5% of $100 par value is $5 per unit of shares. Recall, each unit of the preference shares has a par value of $100

Dividend calculation = $5 multiplied by the total unit of shares

previous year shares dividend is 5 x 200, 000 unit of shares = $ 1,000,000

This year total dividend payout will be current year of $1,000,000 plus previous year of $1,000,000 = $2,000,000

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Suppose you deposit ​$1 comma 700 cash into your checking account. By how much will the total money supply increase as a result
puteri [66]

Answer:

$17,000

Explanation:

Amount Deposited into checking account = $1,700 cash

Required reserve ratio = 0.10

Money multiplier = 1 ÷ Required reserve ratio

                            = 1 ÷ 0.10

                            = 10

Change in money supply = Amount deposited × Money multiplier

                                          = $1,700 × 10

                                          = $17,000

Therefore, the increase in total money supply would be $17,000.

6 0
2 years ago
This is an organization of workers that negotiates with employers for better pay
a_sh-v [17]

Answer: The correct answer is a labor union.

Explanation: A labor union is an organized group of workers who are often in a common trade or profession. The union is formed to protect and further the rights and interests of the members. This normally includes collectively bargaining, where the labor union negotiates the salaries and benefits that will be paid to all of its members.

5 0
3 years ago
How do financial managers tend to value all assets in the same terms?a. By evaluating cash flowsb. By qualifying cash flowsc. By
sammy [17]

Answer:

a. By evaluating cash flows.

Explanation:

In Economics, an asset can be defined as any resources of economic value or items of monetary value that is being owned by an individual, country or business organization to generate income and derive benefits from.

Generally, assets can be classified broadly into four (4) categories and these are; capital assets, fixed assets, intangible assets, and financial assets.

Financial managers tend to value all assets in the same terms by evaluating cash flows.

Cash flow can be defined as the net amount of cash and cash-equivalents that is flowing into (received) and out (given) of a business. There are three (3) main components of the cash flow; investing, operating and financing.

5 0
2 years ago
Warner Company purchases $50,100 of raw materials on account, and it incurs $62,800 of factory labor costs. Supporting records s
a_sh-v [17]

Answer:

[Debit] Work In Process : Assembly Department $47,064

[Debit] Work In Process : Finishing Department $19,504

[Credit] Overheads $66,568

Explanation:

Note that overheads are assigned to departments on the basis of 160% of labor costs. Thus, our first point of call is to determine the labor cost for the respective departments. After that we then apply the 160 % to arrive at the Overheads assigned to that department

Step 1

Determine Departmental Labor Cost

Total Labor Costs         =   $62,800

Assembly Department = ( $44,400)

Finishing Department  =    $18,400

Step 2

Determine Overhead Cost for the Departments

Assembly Department ( $44,400 × 160 %) = $47,064

Finishing Department  ( $18,400 × 160 %)  = $19,504

Step 3

Journalize

<em>Debit</em> the Work In Process Account for the respective department and <em>Credit</em> the Overheads Account as above.

5 0
3 years ago
Is the primary focus of marketing today on selling and advertising?
Lilit [14]
Hope this helps

The primary focus of the Marketing Research Analyst is to execute primary market research projects, both qualitative and quantitative, and provide insights to our Markets & Products and Marketing teams that help develop, position and launch new/existing programs and marketthe Capella brand.
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3 years ago
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