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Georgia [21]
3 years ago
7

Outstanding stock of the Abel Corporation included 20,000 shares of $5 par common stock and 10,000 shares of 5%, $10 par noncumu

lative preferred stock. In 2009, Abel declared and paid dividends of $4,000. In 2010, Abel declared and paid dividends of $12,000. How much of the 2010 dividend was distributed to preferred shareholders
Business
1 answer:
grigory [225]3 years ago
5 0

Answer:

So, in 2010, out of the dividends of $12000, $5000 was distributed to preferred stockholders.

Explanation:

A non cumulative preferred stock is a kind of stock that has a preference in terms of dividend payment over ordinary/common stock. This means that the dividend on the preferred stock is paid first and any remaining amount after dividend payment to this stock is distributable among common stockholders. Furthermore, in case dividends are not paid in a particular year, that year's dividends are not payable in future in case the stock is a non cumulative one. So, the dividends paid to non cumulative preferred stock in 2010 will be,

Dividend per year - Preferred stock = 10000 * 10 * 0.05 = $5000

So, in 2010, out of the dividends of $12000, $5000 was distributed to preferred stockholders.

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The G-ocentric model of intelligence and general ability or intelligence is synthesized from the geocentric theory of the universe.

<h3>Geocentric theory of the universe. </h3>

The geocentric theory of the universe purports that the earth is at the center of the Universe.

In the same vein, the G-ocentric model of the intelligence of man theorizes that one's general ability (which also is the most important ability) is at the center of that person and that all other skills revolve around it.

<h3>Employee performance and "g"</h3>

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More recent research has proven that this theory is wrong. Ptolemy of Alexandria is responsible for developing the geocentric model in the second century.

See the link below for more about Ptolemy of Alexandria (also known as Claudius Ptolemaeus) view:
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2 years ago
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When you first started your new business, you were so excited about the large volume of orders you had. One year later, you find
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5 0
3 years ago
(a) A local bookseller is considering expanding store space to increase his capacity for books.
Ksju [112]

The book seller should invest in the extra space.

<u>Explanation:</u>

As per the given data:

rent for the additional space given is $300 per year, the additional profit that will be pulled by adding on the space = $4000 per year, the current rate of interest given is = 12%

In order to calculate about the decision, the present values needs to be calculated first

The present value of the investment = (- $ 3000 plus $ 4000) by 1.121

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The present value of the investment is positve, hence the book seller should invest in the extra space.

8 0
3 years ago
Parkway Company incurred $126,000 in material costs during July. Additionally, the 12,000 units in the Work-in-Process Inventory
IRINA_888 [86]

Answer:

$ 13.167 / unit

Explanation:

Data provided:

Beginning material cost = $ 126,000

Number of units in work in progress = 12,000 units

Material cost assigned = $ 32,000

thus,

the total material cost involved = $ 126,000 + $ 32,000 = $ 158,000

Now,

the material cost per equivalent unit = Total material cost involved / number of units

on substituting the values, we have

the material cost per equivalent unit = $ 158,000 / 12,000

or

= $ 13.167 / unit

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