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jolli1 [7]
3 years ago
12

There are 10,000 shares of $20 par value cumulative 7 percent preferred stock outstanding, and 90,000 shares of common stock out

standing. Last year, the preferred stock did not receive its dividend because of a loss. This year, dividends of $50,000 are distributed to shareholders.
Business
1 answer:
k0ka [10]3 years ago
4 0

Answer:

Since the preferred dividends are cumulative, any dividends not paid last year will be paid this year before any common dividends are paid.

Preferred dividends = 10,000 x $20 x 7% x 2 = $28,000

Dividends per preferred stock = $28,000 / 10,000 = $2.80

Common stocks dividends = $50,000 - $28,000 = $22,000

Dividends per common stock = $22,000 / 90,000 = $0.24

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Answer:

Option D is the correct answer to this question.

Explanation:

An increase in the average family size in recent years has created a demand for bigger cars. Since Roger Woods proposed that Crimson must introduce some variety in its product line to maintain overall profit margins, option D is the only option that suggests a need for adding a new variety to its product line (Bigger Cars), since there is a demand for it already arising from the increase in the average family size.

6 0
3 years ago
In a class of 28 students,18 are in Math Club,15 are in Science Club and 8 are in English Club.There are 10 students in both Mat
ruslelena [56]
18 students belong in two clubs
8 0
3 years ago
On February 2, Flint Corp.'s board of directors voted to discontinue operations of its frozen food division and to sell the divi
ikadub [295]

Answer: $40,000

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The gain from discounted operations assuming no income taxes, is the gain from the sale of the asset less the net operating losses in the period.

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= 90,000 - ( 20,000 + 30,000)

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8 0
3 years ago
First​ Class, Inc., expects to sell 26 comma 000 pool cues for $ 13.00 each. Direct materials costs are $ 2.00​, direct manufact
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Answer:

$231,140

Explanation:

The computation of the amount reported in the cost of goods sold is shown  below:

= Number of pool cues sold × total manufacturing cost per pool cue

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And, the total manufacturing cost per pool cue would be

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Now put these values to the above formula

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6 0
3 years ago
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abruzzese [7]

Answer:

A. Is self regulating

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The fundamental theory of the classical economy is that the market economy is self regulating. The classical economists believe that an economy is always capable of achieving real GDP, that is GDP when resources are fully employed. And that, time to time, when GDP falls below or exceed the real GDP, the market economy has self-adjustment mechanisms to bring it back to the real GDP level. Classical economists believes in self regulating democracies and capitalistic market developments.

3 0
3 years ago
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