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neonofarm [45]
3 years ago
9

At December 31, 2017 Rice Company had 300,000 shares of common stock and 10,000 shares of 6%, $100 par value cumulative preferre

d stock outstanding. No dividends were declared on either the preferred or common stock in 2017 or 2018. On January 30, 2019, prior to the issuance of its financial statements for the year ended December 31, 2018, Rice declared a 100% stock dividend on its common stock. Net income for 2018 was $1,140,000. In its 2018 financial statements, Rice's 2018 earnings per common share should be
A. $1.80.
B. $1.89.
C. $3.60.
D. $3.80.
Business
1 answer:
Leviafan [203]3 years ago
8 0

Answer:

A. $1.80

Explanation:

Earnings per share = (Net Income - Preferred dividend) / Weighted average outstanding common shares

Earnings per share = (1140000 - 10000*100*6%) / (300000 + 300000)

Earnings per share = $1.80 per share

So, Rice's 2018 earnings per common share should be $1.80 per share

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StoreAge Inc. recently paid its annual dividend ($3.00), and reported an ROE of 15%, of which 50% is paid as dividends. The stoc
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The correct answer is c) $79.43
8 0
3 years ago
One way to demostarte assertiveness while interacting with a customer is to
nikitadnepr [17]

Answer:

  • Exrpress understanding and explain why his/her demand is not acceptable.

Explanation:

When dealing with a <em>customer</em>, and you consider he/she is not rigth, you should be able to express your point of view in a respectful way but clearly  preserving your rights. That is <em>assertiveness</em>.

You must confront him/her in a constructively way: make it clear why the claim is not correct or fair, even how it affects the your or the company's right: you undersant him/her but he/she must understand you too.

You should prevent the situation from escalating to greater proportions but you should not give in to unfair demands that involve a loss for the company.

5 0
3 years ago
The operator of the local mall wants to find out how many of the mall's employees make purchases in the food court when they are
schepotkina [342]
The correct answer is "to survey <span>every 30th employee entering each mall entrance for one week".

Why is it considered to be the best method to get a random sample of the employees? The 30th employee, who enters the mall for the week is a random element and may work at different locations in the mall, which gives you a better random sample for the survey.</span>
3 0
3 years ago
Herr Corporation has 3,000 shares of 8%, $120 par value preferred stock outstanding at December 31, 2017. At December 31, 2017,
Sliva [168]

Answer:

1. $28,800

$103,200

2. $28,800

$103,200

3. $86,400

$45,600

Explanation:

1. The dividend paid to preferred stockholders = Shares × Par value × Percentage

= 3,000 shares × $120 × 8%

= $28,800

The dividend paid to Common stockholders = Cash dividend - Dividend paid to preferred stockholders

= $132,000 - $28,800

= $103,200

2. The dividend paid to preferred stockholders = Shares × Par value × Percentage

Note :- Because preferred stocks are non-cumulative in nature, the company is not allowed to pay last two years' dividends and preferred stocks are liable for payment only for the current year.

= 3,000 shares × $120 × 8%

= $28,800

The dividend paid to Common stockholders =  Cash dividend - Dividend paid to preferred stockholders

= $132,000 - $28,800

= $103,200

3. The dividend paid to preferred stockholders = Shares × Par value × Percentage × Number of years

Note: Since preferred stocks are cumulative in nature, the company is forced to pay last two years' dividends along with the current year's dividend.

= 3,000 shares × $120 × 8 % × 3 years

= $86,400

The dividend paid to Common stockholders = Cash dividend - Dividend paid to preferred stockholders

= $132,000 - $86,400

= $45,600

4 0
3 years ago
Partial adjusted trial balance for Sheffield Corp. at December 31, 2017, includes the following accounts: Retained Earnings $17,
Roman55 [17]

Answer:

Sheffield Corp

Retained Earnings Statement for the year ended December 31, 2017:

Net Income                                       $10,400

Retained Earnings, January 1            17,000

Dividends                                           (6,700)

Retained Earnings, December 31 $20,700

Explanation:

Sheffield's statement of retained earnings shows the net income after tax, which is added to the Retained Earnings at the beginning of the period.  Then the dividends paid are deducted to arrive at the Retained Earnings at the end of the period.  The statement shows the distribution of net income to stockholders.

5 0
3 years ago
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