Answer:
$40,000
Explanation:
Calculation to determine the amount of dividends received by the common stockholders in 2017
First step is to calculate the preferred stock
Preferred stock=(5,000 shares*$400)*6%
Preferred stock=$2,000,000*6%
Preferred stock=$120,000
Now let calculate the amount of dividends received by the common stockholders in 2017
Dividend Received=($200,000-$120,000)/2
Dividend Received=$80,000/2
Dividend Received=$40,000
Therefore the amount of dividends received by the common stockholders in 2017 will be$40,000
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Answer:
Allocation rate Machining= $50 per machine hour
Explanation:
Giving the following information:
Estimated Machining cost= $4,000,000
Estimated Number of machine hours= 80,000
<u>To calculate the allocation rate for the Machining department, we need to use the following formula:</u>
Allocation rate Machining= total estimated costs for the period/ total amount of allocation base
Allocation rate Machining= 4,000,000 / 80,000
Allocation rate Machining= $50 per machine hour
Answer:
LJM Corporation
1. The Maximum price that Patty Division should be willing to pay for the filters is: $45.
2. Minimum price that Shay Division should be willing to accept is: $52.
Explanation:
a) Data and Calculations:
Shay Division Patty Division
Costs:
Variable costs $16
Fixed costs 20
Sales/purchase price 52 $45
Capacity/requirement 20,000 8,000
Maximum price that Patty Division should be willing to pay for the filters is: $45.
Minimum price that Shay Division should be willing to accept is: $52.
b) The minimum transfer price should be determined based on the variable costs and the opportunity costs. The opportunity cost for Shay Division is $36 ($52 - $16). For Patty Division, the maximum price it should be willing to pay is the opportunity cost, which is the price Patty pays when it buys the filters from the market.
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