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xxMikexx [17]
2 years ago
5

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

00 shares of $1 par value common stock. Both classes of stock have been outstanding since the company's inception. Riverwild's Board of Directors did not declare any dividends last year, but now it declares and pays a $200,000 dividend at year-end. Required: A. Determine the total dividend amount distributed to the preferred shareholders this year (not the per share amount). B. Determine the total dividend amount distributed to the common shareholders this year (not the per share amount).
Business
1 answer:
UkoKoshka [18]2 years ago
6 0

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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A company has sales of $375,000 and its net income is 54,250. its gross profit is $157,500. its cost of goods sold equals: a 7.6
Galina-37 [17]

Answer:

$217,500

Explanation:

We know that the

Cost of goods sold = Sales revenue - gross profit

                                = $375,000 - $157,500

                                = $217,500

To compute the cost of goods sold we deduct the gross profit from the sales revenue so that the cost of goods sold can come.

And, the net income would be ignored

This is the answer but the same is not provided in the given options

6 0
3 years ago
In the sentence They discussed four important issues at the meeting, the word at is a(n) ____.
slava [35]

From the sentence, it can be deduced that "at" is used a preposition.

<h3>What is a preposition?</h3>

It should be noted that a preposition simply means a word that is used before a noun or pronoun to show direction, place, time, etc.

In the sentence "They discussed four important issues at the meeting", the word at is a preposition. It is used to show where the issue took place.

Learn more about preposition on:

brainly.com/question/17476214

8 0
2 years ago
Quiz week 3 - 401(k) &amp; investing a 6. if a person starts investing $100 per month starting at age 21, and that money earns a
Ksju [112]

To solve this problem, we use the formula:

F = A [(1 + i)^n – 1] / i

where,

F is the future value or the amount he will have

A is the amount he invest each year = 1200

n is number of years = 70 – 21= 49

i is the interest or return rate = 7% = 0.07

 

Hence the value of F is:

F = 1200 * [1.07^49 – 1] / 0.07

<span>F = $454,798.80 </span>

7 0
3 years ago
Read 2 more answers
Coyne Corporation is evaluating a capital investment opportunity. This project would require an initial investment of $ 39 comma
Genrish500 [490]

Answer:

NPV = $49,234.16

Explanation:

The Net present value (NPV) is the difference between the Present value (PV) of cash inflows and the PV of cash outflows. A positive NPV implies a good investment  project and a negative figure implies the opposite.  

NPV of an investment:  

NPV = PV of Cash inflows - PV of cash outflow  

<em>Present value of cash inflows:</em>

A × 1-(1+r)^(-n)/r

A- annual cash inflow-20,000   r-rate of return-10%, n-number of years-6

PV of cash flow = 20,000 × (1.1)^(-6)/0.1 = 87,105.21399

<em>PV of scrap value</em>

F×  (1+r)^(-n)

F- scrap value

= 2,000× 1.1^(-6)= 1,128.94

Initial cost = $39,000

NPV = 87,105.21399 + 1,128.94 -39,000=   $49,234.16  

NPV = $49,234.16

6 0
3 years ago
In business strategies, _____________ strategy defines the businesses in which a company will compete, preferably in a manner th
givi [52]

Answer:

The correct answer is: 1. Functional.

Explanation:

A functional strategy is one that requires the HOW? Do, operate, function, that is, after delimiting the corporate strategy that specifies what to do ?, the functional strategy, indicates how to apply and use resources to achieve what you want to achieve.

A functional area of the company adopts this type of strategy to achieve the objectives embodied in the strategy of the corporation, maximizing the resources available and their productivity. In addition, it seeks the care and development of functional and operational capacity in order to achieve a competitive advantage to the company.

These strategies generate a frame of reference used by the administration of operations and functions to support the organizational and business strategy.

7 0
3 years ago
Read 2 more answers
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