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3 years ago

Preferred stock which confers rights to prior periods' unpaid dividends even if they were not declared is called:

1 answer:

6 0

<span>Preferred stock which confers rights to prior periods' unpaid dividends even if they were not declared is called: </span>Cumulative preferred stock
In cumulative preferred stocks, the amount of dividend usually given on a fixed-rate annually. But, it shall always be set aside before calculating the dividend for the common stock and the amount will be accrued for the next period if the dividend is not paid on current period.

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Carbondale Casting produces cast bronze valves on a 10-person assembly line. On a recent day, 160 valves were produced during an

RideAnS [48]

Answer:

(a) 2

(b) 2.25

Explanation:

To solve this question we need to remember that

$Total \, Productivity = \frac{Total\,Ouput}{Total \, Man \, Hours}$

(a) 10 persons produce 160 valves in 8 hours, this implies a productivity of 2=160/(8x10)

(b) 2.25= 180/(8x10)

5 0

3 years ago

The entry to record the receipt of payment within the discount period on a sale of $2,500 with terms of 2/10, n/30 will include

Korolek [52]

The entry to record the receipt of payment is $2,590 in accounts receivable.

What is Trade discount?

Trade discounts, also known as functional discounts, are payments made to distribution channel participants in exchange for completing a task. Storage and shelf stocking are two examples of these tasks. Trade discounts are sometimes bundled to cover a variety of services. For instance, 20/12/5 may stand for 20% off for storing the merchandise, 12% more off for shipping, and 5% more off for keeping the shelves filled.

Terms 2/10, n/30 state that payments must be made within 10 days of the date of purchase to receive a 2% discount, and payments must be made in full within 30 days to avoid a discount.

To learn more about Trade discount click the given link

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3 0

9 months ago

Bramble Corporation factors $252,500 of accounts receivable with Kathleen Battle Financing, Inc. on a with recourse basis. Kathl

attashe74 [19]

Answer:

Explanation:

Before passing the journal entry we have to do the calculations which is shown below:

The accounts receivable is $252,500

Financial charge = 2% of accounts receivable = $252,500 × 2% = $5,050

Recourse obligation fair value = $4,940

The loss on receivables sold would be = $5,050 + $4,940 = $9,990

Reserve amount = 4% of accounts receivable = $252,500 × 2% = $10,100

Now the journal entry would be shown below:

Cash A/c Dr $237,350

Reserve A/c Dr $10,100

Loss on receivables sold A/c Dr $9,990

To Recourse liability $4,940

To Accounts receivable $252,500

(Being the sale of receivables with recourse is recorded)

4 0

3 years ago

Firecracker Company has developed the following standards for one of its products. Direct materials: 15 pounds × $16 per pound D

Natasha_Volkova [10]

Answer:

(-$10,000) Unfavorable

Explanation:

Direct materials:

Quantity = 15 pounds

Standard price = $16 per pound

Actual price = Purchase Price ÷ Purchase quantity

= 170,000 ÷ 10,000

= 17

Material price variance:

= Actual purchase quantity × (Standard price - Actual price)

= 10,000 × ($16 - $17)

= 10,000 × (-$1)

= (-$10,000) Unfavorable

7 0

3 years ago

Is there a relationship between a financial asset and its interest rate? the interest rate on a financial asset _______

Zinaida [17]

The cost of a financial asset and its interest rate are inversely correlated. An investment's interest rate decreases as its value increases. Similar to this, an asset's price increases when its interest rate decreases.

Thus, there is an inverse relationship between financial assets and their interest rate.

<h3>What Is a Financial Asset? </h3>

A financial asset is a liquid asset with value derived from a legal claim to ownership or a contractual right. Financial assets include, among other things, cash, investments in stocks, bonds, mutual funds, and bank deposits.

Assets that facilitate the movement of money. They move money from those who have extra money to those who have not, whether they are people, businesses, or even the government.

A promise or claim on future money is what financial assets are. A financial asset or liability is first valued at fair market value. The type of financial instrument will determine how the subsequent measurement is done. The amortized cost and fair value are both used to measure various categories.

For more information about Financial Asset refer to the link:brainly.com/question/15071910

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4 0

1 year ago