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lara31 [8.8K]
2 years ago
15

Fargo Company's outstanding stock consists of 400 shares of noncumulative 5% preferred stock with a $10 par value and 3,000 shar

es of common stock with a $1 par value. During the first three years of operation, the corporation declared and paid the following total cash dividends.
2016 $ 20,000
2017 $6,000
2018 $32,000
The amount of dividends paid to preferred and common shareholders in 2016 is
- 200 preferred; $19,800 common.
- $4,000 preferred; $16,000 common.
- $17,000 preferred; $3,000 common.
- $10,000 preferred; $10,000 common.
- $20,000 preferred; $0 common
Business
1 answer:
kifflom [539]2 years ago
6 0

Answer: Option (a) is correct.

Explanation:

Given that,

Dividend in 2016 = $20,000

Preferred Shares = 400

Par Value of Preferred Stock = 400 × 10 = $4000

Rate of Dividend of Preferred Stock = 5%

(a) Dividend to preferred Shareholders:

= Par Value of Preferred Stock × Rate of Dividend

= $4000  × 5%

= $200

(b) Dividend to Common Shareholders:

= Total Dividend - Dividend to Preferred Shareholders

= $20,000  - $200

= $19,800

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Answer:

Explanation:

The adjusting entries are shown below:

1. Insurance expense A/c Dr $1,200

         To Prepaid insurance A/c             $1,200

(Being prepaid insurance is adjusted)

2. Supplies expense A/c Dr $6,200

        To supplies A/c                             $6,200

(Being supplies adjusted)

The supplies at the end of the year is computed below:

= Supplies account balance + purchase of supplies - available  supplies

= $5,000 + $2,000 - $800

= $6,200

5 0
2 years ago
Managers at Umbrella Corporation, a firm in East Asia, want to make their company a global leader in business process outsourcin
dezoksy [38]

The should the Umbrella managers look for as they decide where to locate their BPO facilities is an abundance of well-educated English speakers.

<h3>What does well educated mean?</h3>

The term simply implies that a  person of this kind of nature  has a lot of knowledge about a lot of subjects, usually due to the fact that they have studied at college or university.

The speakers and writers of English who have been educated are known to be very verse in English and should be the one employed by this firm.

See options below

Multiple Choice

large, undeveloped plots of land for greenfield projects

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8 0
1 year ago
Caliana manages the warehouse for United Processors Inc. At the beginning of each year, she determines the department goals for
defon

Answer: (2) Planning

Explanation:

 The planning is one of the type of management function that helps in managing the function of an organization for achieving the desirable goals in an organization.

The main objective of the planning is that it helps in altering the pattern of the resources and also maintain the plans for achieving the desired results.

According to the given question, Caliana is managing the warehouse for the united processors Inc. and she performing the planning management function for fulfill the desirable goals.

  Therefore, Option (2) is correct answer.

8 0
3 years ago
Economic capital is productive, so it does not include______? money buildings &amp; equipment tools
katrin2010 [14]
Economic capital is productive, so it does not include Money.Economic capital is the amount of risk capital held by a financial services company to enable it to survive any difficulties such as market or credit risks. Money is used to purchase various factors such as raw materials, machinery, labor which help in the production of goods, but money itself does not directly help in the production of goods. The real capital consists of machinery, buildings, tools, factories, tractors, etc, which directly assist in the production of goods
7 0
3 years ago
An engineer is studying the slight differences in the length of roofing shingles that is being produced at his roofing company.
sladkih [1.3K]

Answer:

The statement is: True.

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A common-cause variation shows changes because of unknown reasons within a series of undifferentiated produced items. The method aims to measure the accuracy of the manufacturing process given expected factors that could bring fluctuations in the output. Common-cause variations can be attributed to natural reasons such as employees' fatigue or distraction.

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3 years ago
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