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inn [45]
3 years ago
6

Assume the following shares outstanding: Preferred stock, 5%, $100 par value, noncumulative, 1,000 shares. No dividends were dec

lared or paid in 2010 or 2011. Common stock, $1 par value, 2,000 shares. Total dividends declared in 2012 were $50,000. The total amount of dividends to which common stockholders are entitled is
Business
1 answer:
Ilya [14]3 years ago
6 0

Answer:

$45,000

Explanation:

The computation of the total amount of dividend paid to the common stockholder is given below:

But before that the dividend that to be paid to preference stockholder is

= Face value × Number of shares outstanding × Dividend rate

= $100 × 1,000 shares × 5%

= $5,000

The total dividend declared is $50,000

So, the balance is to be paid to common stockholder i.e.

= $50,000 - $5,000

= $45,000

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During the current year, Walter invests $35,000 in each of two separate corporations. Each investment gives him a 20% ownership
Bond [772]

Answer:

B) Only statement II is correct.

  • II. Has $20,000 of taxable income from Corporation Z.

Explanation:

One of the disadvantages of a C Corporation is that their owners (stockholders) are double taxed. That means that the corporation is taxed and then the stockholders are taxed depending on the dividends that they receive. In this case, Walter has $10,000 of taxable income from Corporation X (= $50,000 x 20%).

On the other hand, sole proprietorships, partnerships, limited liability companies and S Corporations are not taxed, they are pass through entities whose owners are taxed directly. In this case, Walter owns 20% of Corporation Z, therefore he must pay taxes on 20% of taxable income = $100,000 x 20% = $20,000.

8 0
3 years ago
?if a corporation issued $8,000,000 in bonds which pay 5% annual interest, what is the annual net cash cost of this borrowing if
MrRissso [65]
$8,000,000 - corporate issued
5 % -  annual interest
30 % - income tax rate
Annual net cash cost - ?

Formula and Solution - (8,000,000 x 0.05) x 0.7 = 280,000
Answer: The Annual net cash cost - $280,00
4 0
3 years ago
As described in the chapter case, which of the following constitutes a managerial element of the UPS tracking system?A) The web-
m_a_m_a [10]

Answer:

the correct answer is C

Explanation:

As described in the chapter case, which of the following constitutes a managerial element of the UPS tracking system?

C) The decision to use automation

8 0
3 years ago
Calculate the 4-day moving average for the following data (Remember that
Hatshy [7]

Answer:

116 . 100. 560 . 58

257 . 1100. 342 . 186

5 0
2 years ago
Venus Inc., a manufacturer of canned meat, tried to market its canned beef products in India. Since cows are considered sacred i
Dafna11 [192]

Answer:

cultural

Explanation:

Based on the scenario being described it can be said that this  indicates that Venus Inc. did not understand the cultural environment in India. A cultural environment are the different beliefs, practices, behaviors, and norms that exist in a society. Cows being sacred is a belief in Indian culture, and the lack of this knowledge is what caused the marketing strategy to fail.

4 0
2 years ago
Read 2 more answers
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