2 years ago

What are the three main forms of legal ownership of a business

Business

1 answer:

zmey [24]2 years ago

4 0

The three main forms of legal ownership of a business is Coporation, Partnership, and Sole proprietorship

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Stockholders' Equity of Riverwild Corporation consists of 50,000 shares of $8 par value, 5% cumulative preferred stock and 400,0

UkoKoshka [18]

Answer:

a. $20,000

b. $180,000

Explanation:

Par value per preferred share = $8

Dividend rate = 5%

Dividend per preferred share = $8 * 5% = $0.40

Number of preferred shares = 50,000

a. Total dividend amount distributed to the preferred shareholders this year = 50,000 shares * $0.40 = $20,000

b. The total dividend amount distributed to the common shareholders this year = $200,000 - $20,000 = $180,000

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2 years ago

On June 8, Alton Co. issued an $88,500, 7%, 120-day note payable to Seller Co. Assume that the fiscal year of Seller Co. ends Ju

Furkat [3]

Answer:

Amount of interest revenue recognized $=\frac{2065\times 98}{120}=$1686.41$

Explanation:

Principal amount P = $88500

Rate of interest r = 7 %

Total number of days = 120

So interest $=\frac{principal\ amount\times rate\times time}{100}=\frac{88500\times 7\times 120}{360\times 100}=$2065$

Number of days from 8 june to 30 june = 30-8 = 22 days

So left days = 120-22 = 98 days

So amount of interest revenue recognized $=\frac{2065\times 98}{120}=$1686.41$

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2 years ago

Ralph was involved in a bar fight and sustained a blow to the back of the head from a beer bottle. he was dazed and could not se

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Occipital lobe

The occipital lobe is one of the four major lobes in the brain's cerebral cortex. It is located at the back of the head (see attached image). The occipital lobe's primary function is processing and making sense of visual information we receive through our eyes. Damage or trauma to the occipital lobe (in John's case when he got hit on the back of his head) can cause temporary or permanent vision impairment, subject to the severity of the trauma.