Answer:
$600,000
Explanation:
Calculation for how much goes to the preferred stockholders
Using this formula
Preferred stockholders=Number of preferred shares outstanding * Preferred stock par value * Percentage of Annual dividend
Let plug in the formula
Preferred stockholders=50,000 x $100 x 0.12
Preferred stockholders= $600,000
Therefore If dividend is paid the amount of $600,000 goes to the preferred stockholders
If Lisa makes $6,000 per month at her full time job and then working on her business in the evening, she should be making at least $6,000 frmo her business before quitting her full time job. If Lisa is use to making $6,000 and needs that to support herself and her bills, then she would want that same amount of money to be coming in from another source before she can quit her current job. If Lisa is making money from her business already and needs that in conjunction to the $6,000 she makes at her full time job than that money needs to be included in her income before she leaves her job.
Answer:
Electric Guitar
Explanation:
An electric guitar is a guitar that requires external amplification in order to be heard at typical performance volumes. It uses one or more pickups to convert the vibration of its strings into electrical signals, which ultimately are reproduced as sound by loudspeakers.
Answer:
$47,200
Explanation:
Given that,
Sales in May = $40,000
Sales in June = $52,000
Cash sales = 60% of total sales
Credit sales = 40% of total sales (it will be paid in the month following the sale)
Cash sales for June:
= Budgeted sales - Ending accounts receivable
= $52,000 - (40% of $52,000)
= $52,000 - $20,800
= $31,200
Total Budgeted cash receipts for June:
= Cash sales for June + Collection of last months receivables(May credit sales)
= $31,200 + (40% of $40,000)
= $31,200 + $16,000
= $47,200
Answer:
Beranek Corp. should borrow $288,000 to achieve the target debt ratio.
Explanation:
40% of debt-to-asset ratio means that 40% of the assets should be Financed with debt and the remaining with equity. We have $720,000 worth of assets, simply multiply it with 40% and you will get the amount the needs to be borrowed.
If you have any queries about double entries of all this scenario, do leave a comment, I'll be pleased to help you.
Thank you!