There will be a higher equilibrium price and quantity if

Sunland, Inc. has 3600 shares of 5%, $50 par value, cumulative preferred stock and 72000 shares of $1 par value common stock out

alex41 [277]

Answer:

$15,000 and $17,000

Explanation:

The computation is shown below:

But before that we have to determine the total dividend of preference stock i.e

= 3,600 shares × 5% × 50%

= $9,000

Now the 3,100 is paid, so the remaining amount is

= $9,100 - $3,100

= $6,000

So the total dividend paid to preference shareholders is

= $9,000 + $6,000

= $15,000

And for common shareholders, it is

= $17,000 - $15,000

= $2,000

3 0

3 years ago

when goods are sold to a customer by entity and customer promise to pay amount at certain future time period that is know as

MAXImum [283]

Answer:

Promissory agreement.

Explanation:

A promissory agreement can be defined as an evidence of a debt and as such involves the use of a legal financial tool such as a promissory note as a written promise to declare that a party (borrower) would pay another (lender) at a specific period of time.

Thus, when goods are sold to a customer by a business entity and the customer promises to pay an amount of money at a certain future time period it is known as a promissory agreement.

A promissory note can be defined as a signed document that contains a written promise by a customer to pay a specific amount of money to an individual or business firm, on demand or at a certain future time period, for the goods or services purchased.

4 0

3 years ago

John's Specialty Store uses a periodic inventory system. The following are some inventory transactions for the month of May 2013

jolli1 [7]

Answer:

Explanation:

The journal entries are shown below:

1. Purchase A/c Dr $5,400

To Accounts Payable $5,400

(Being merchandise is purchased on credit)

2. Freight-In A/c Dr $500

To Cash A/c $500

(Being freight charges are paid in cash)

3. Accounts Payable A/c Dr $800

To Purchase Returns A/c $800

(Being return merchandise is recorded)

4. Cash A/c Dr $5600

To Sales revenue A/c $5600

(Being merchandise is sold for cash)

5. No journal entry required

6 0

3 years ago

More than 50 percent of electrocutions are caused by a worker coming in direct contact with

stira [4]

I had to look for the options and here is my answer. The one that is referred here for more than 50 percent of electrocutions by workers is due to the direct contact of ENERGIZED POWER LINES. This is based on OSHA or the <span>Occupational Safety and Health Administration. </span>

8 0

3 years ago

Read 2 more answers

Federal income taxes are ________. A. added to arrive at an employee's net pay B. deducted to arrive at an employee's net pay

natulia [17]

Answer:

The correct answer is letter "D": deducted to arrive at an employee's net pay.

Explanation:

Federal income taxes represent the main monetary resource from where the government can fund its diverse projects. These sources are also allocated to deal with common social issues such as building highways, improving education or funding social programs such as Medicare.

When it comes to wages,<em> the federal income taxes are deducted from the gross income of workers resulting in their net payment which is the actual amount of money employees see in their checks</em>.

5 0

3 years ago