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3 years ago

6. He is not a skilled worker. He

Business

2 answers:

Neporo4naja [7]3 years ago

8 0

Answer:

earn . 

 

He is not a skilled worker. He doesn't earn much.

mel-nik [20]3 years ago

8 0

Explanation:

He doesn't earn much.....

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Assuming that total dividends declared in 2017 were $64,000, and that the preferred stock is not cumulative but is fully partici

myrzilka [38]

Answer:

$40,235

Explanation:

Dividend distributed to preferred share is based on the predetermined rate associated with these share. When the dividend is declared preferred share dividend is paid first. The remainder is distributed between the common stockholders.

Dividend Declared = $64,000

Preferred Dividend = $100,000 x 7% = $7,000

Participation

Preferred Shares = $100,000 / $20 = 5,000 shares

Common shares = 12,000 shares

Total Shares = 12,000 + 5,000 = 17,000 shares

on Pro-rata basis

Participation dividend to preferred stockholder = ($64,000 - $7,000) x 5000 / 17000 = $16,765

Dividend to common stock holders = $64,000 - $7,000 - $16,765 = $40,235

5 0

3 years ago

You must estimate the intrinsic value of Lowell Technologies’ stock. The end-of-year free cash flow (FCF1) is expected to be $30

Hunter-Best [27]

Answer:

Firm's estimated intrinsic value per share of common stock = $40.00

Explanation:

Intrinsic value:

Intrinsic value is a way of describing the perceived or true value of an asset.

Formula:

Intrinsic value = free cash flow / required rate - growth rate

As the end-of-year free cash flow (FCF1) = $30 and it is expected to grow at a constant rate of 5.0% a year thereafter.

so FCF2 = 30 (1 + 5%)

FCF2 = 31.5

Value at year 1 = FCF2 / required rate - growth rate

Therefore by putting the values in the above formula, we get

Value at year 1 = 31.5 / 0.08 - 0.05

Value at year 1 = 31.5 / 0.03

Value at year 1 = 1,050

As the company’s WACC is 8.0%, so

Value today = 30 / (1 + 0.08)1 + 1,050 / (1 + 0.08)1

Value today = $1,000 million

As stated in the question it has $200 million of long-term debt, and there are 20.0 million shares of common stock outstanding.

Intrinsic value = (1,000 - 200) / 20

Intrinsic value = $40.00

8 0

3 years ago

What do the three numbers at the bottom of the check stand for?

Vadim26 [7]

Answer:

Routing number, account number and check number

Explanation:

There are three numbers present at the bottom of the check. On the left side or the first number is a nine digit number that is also called RTN, is routing number. This represents the code of the bank where the account was opened.

Second number in the middle is the account number which is a unique number. All transactions are carried out using this number.

The last number on the right side is the check number. It just represents the check number that one is writing to maintain records.

5 0

3 years ago

Read 2 more answers

Famous Furniture Manufacturing Company reported the following information for 2019:

AfilCa [17]

Answer:

$255,500

Explanation:

Prepare a Cost of Goods Manufactured Schedule to determine the cost of goods manufactured.

Cost of Goods Manufactured Schedule

Direct material used $ 75,000

Direct labor $ 93,000

Applied manufacturing overhead $ 70,000

Add Beginning work-in-process inventory $130,000

Less Ending work-in-process inventory ($112,500)

Cost of goods manufactured $255,500

6 0

3 years ago

Explain the 5 methods used to measures national income

mart [117]

Answer:

National income can be measured through three different methods. The methods are as follows:

1. Product method

In this method National income is determined by the market value of all the final goods and services produced within a nation during a fixed time period.( The goods and Services does not include intermediate goods.)

2. Expenditure method

Under this method the national Income is determined by the total spending on final goods and services which are produced within a nation in a fixed time period.

3. Income method

As the name suggests , national Income under this method is calculated by adding the incomes received by producers.

Explanation:

3 0

3 years ago