Can someone help it’s for a quiz

A firm has an outstanding issue of 1,000 shares of preferred stock with a $100 par value and an 8 percent annual dividend. The f

katen-ka-za [31]

Answer:

“Hence, the amount that must be paid to the preferred stockholders be paid prior to paying dividends to common stockholders at the end of third year = $24,000”

Explanation:

The Paid-up value of Preferred Shares = $100,000 [1,000 Shares x $100]

The Amount of Preferred Dividend per year = $8,000 [$100,000 x 8%]

The amount that must be paid to the preferred stockholders be paid prior to paying dividends to common stockholders at the end of third year

= Cumulative Preferred Dividends payable for the 2 years + Current Year Dividend

= [$8,000 x 2 Years] + $8,000

= $16,000 + 8,000

= $24,000

“Hence, the amount that must be paid to the preferred stockholders be paid prior to paying dividends to common stockholders at the end of third year = $24,000”

6 0

3 years ago

On January 22, Jefferson County Rocks Inc., a marble contractor, issued for cash 25,000 shares of $20 par common stock at $68, a

sashaice [31]

Answer:

$3,130,000

Explanation:

For computing the total amount invested, first we have to pass the journal entries which are shown below:

Cash A/c Dr $1,700,000 (25,000 shares × $68)

To Common Stock $500,000 (25,000 shares × $20)

To Additional Paid-in Capital in excess of par - Common Stock $1,200,000

(Being the issuance of stock is recorded and the remaining balance is credited to the additional paid-in capital account)

Cash A/c Dr $1,430,000 (130,000 shares × $11)

To Preferred Stock $1,040,000 (130,000 shares × $8)

To Additional Paid-in Capital in excess of par - Preferred Stock $390,000

(Being the issuance of stock is recorded and the remaining balance is credited to the additional paid-in capital account)

Now the total amount invested would be

= $500,000 + $1,200,000 + $1,040,000 + $390,000

= $3,130,000

7 0

4 years ago

Which of the following statements regarding the staffing budget is true? a.The staffing budget is based on the desired profit le

Valentin [98]

Answer:

b.The staffing budget is based on a fixed human resources budget

Explanation:

The staffing budget is the budget that outlines a money plan to be spent on the employees and consists of the largest investment to the organization.

It acts as an outline plan for the service companies each staff member corresponds to the salary for the employee in the spreadsheet on a weekly, monthly, and yearly basis.

8 0

3 years ago

The rate established prior to the beginning of a period that uses estimated overhead and an allocation factor such as estimated

soldi70 [24.7K]

Answer:

This is the Predetermined overhead rate

Explanation:

The predetermined overhead rate assigns a particular amount of manufacturing overhead to each direct labor or machine hour. This helps businesses allocate resources and also set pricing. This computation is usually done at the beginning of each period.

To calculate this, we divide the estimate of the manufacturing overhead cost total by the estimated number of machine hours. It is used to assign overhead cost to jobs.

8 0

3 years ago

If the cost of production of Hula Hoops increases, what happens to the supply curve?

Alex

Answer:

Left shift

Explanation:

In simple words, If manufacturing costs rise, the distributor's expenses for each output threshold will rise as well. The supply curve must shift inwards that is to the left) if everything else remained constant, indicating the higher cost of manufacturing. At each quantity level, the provider will supply less.

4 0

3 years ago