Answer:
$12,000
Explanation:
total preferred dividends per year = 1,200 x $50 x 5% = $3,000
since they were not paid during the past three years, and they are cumulative, the total preferred dividends = $3,000 x 4 = $12,000
common stock dividends = total dividends - accumulated preferred dividends = $25,000 - $12,000 = $13,000
cumulative preferred stocks that are not paid in the past, must be paid before any common dividends are paid
Answer:
In order to buy citrus fruits costing 10,000 Cyprus pounds 25,132 US dollars must be paid
Explanation:
From the information in the question we already know that 1 Cyprus pound is 2.5132 US dollars so in order to find out how much dollars will be needed to purchase fruits worth 10,000 cyprus pounds we will multiply 10,000 by 2.5132.
10,000*2.5132= 25,132
So in order to buy citrus fruits costing 10,000 Cyprus pounds 25,132 US dollars must be paid
Complete question:
Consider the game of chicken. Two players drive their cars down the center of the road directly at each other. Each player chooses SWERVE or STAY. Staying wins you the admiration of your peers (a big payoff) only if the other player swerves. Swerving loses face if the other player stays. However, clearly, the worst output is for both players to stay! Specifically, consider the following payouts. Player two Stay swervePlayer one stay -6 -6 2 -2 swerve -2 2 1 1
a) Does either player have a dominant strategy?
b) Suppose that Player B has adopted the strategy of Staying 1/5 of the time and swerving 4/5 of the time. Show that Player A is indifferent between swerving
and staying.
c) If both player A and Player B use this probability mix, what is the chance that they crash?
Explanation:
a. There is no dominant strategy for either player. Suppose two players agree to live. Then the best answer for the player is to swerve(-6 versus -2). Yet if the player turns two, the player will remain one (2 vs 1).
b. Player B must be shown to be indifferent among swerving and staying if it implements a policy (stay= 1⁄4, swerving= 5/4).
When we quantify a predicted award on the stay / swerving of Player A, we get
E(stay)= (1/5)(-6)+ (4/5)(2)= 2/5 E(swerve)= (1/5)(-2)
c. They both remain 1/5 of the time. The risk of a crash (rest, stay) is therefore (1/5)(1/5)= 1/25= 4%
Answer:
$192 will be allocated to the direct labor cost while $8 will be allocated to manufacturing overhead.
Explanation:
Costs relating to idle time are part of the fringe benefits that are related to direct labor and they are parts of the benefits given to workers.
Idle time is the number of time in which workers are idle during the normal working hours or day. Some of the causes of idle time include defective materials, power outage, faulty machine, shortage of raw materials, and among others.
In cost accounting, idle time costs are not included in the direct labor costs but are considered as indirect labor costs. Idle time costs are therefore included in manufacturing overhead cost.
From the question,
Direct labor cost = (Number of hours worked by Robert – Idle hours) × hourly rate
Direct labor cost = (50 - 2) × $4
= 48 × $4
= $192
Idle time cost = Idle time × hourly rate
= 2 × $4
= $8
Total cost = Direct labor cost + Idle time cost
= $192 + $8
= $200
Since idle time cost is considered as indirect labor cost and to be included in manufacturing overhead cost, $192 will be allocated to the direct labor cost while $8 will be allocated to manufacturing overhead.
All the best.
