Answer:
Cumulative Preferred Stock Dividend = $21,000
Non-Cumulative Preferred Stock Dividend = $10,500
Explanation:
Cumulative Preferred Stock:
In cumulative, the dividends accumulate for the past year if they are not paid and will be paid in future. Therefore, in Year 2, the company will pay dividend to cumulative preferred stock holder for both the years:
Dividend = (1500 * 7% * 100) * 2
Dividend = 10,500 * 2
Dividend = $21,000
Non-Cumulative Preferred Stock:
In non-cumulative, the dividends are paid for the current year only and the dividend for past if they are not paid does not consider in dividend payments. The calculation will be:
Dividend = 1500 * 7% * 100
Dividend = $10,500
Answer:
The correct answer is option a.
Explanation:
A price ceiling is an upper limit on the price that could be charged for a product. It is generally imposed to protect consumers and to make necessary items affordable for the people.
A price ceiling below the equilibrium price is called a binding price ceiling. It creates a shortage in the market as at lower prices the consumers will demand more of a commodity but the suppliers will supply less.
Because of the law of demand and law of supply, the quantity demanded will be greater than the quantity supplied at a price that is fixed below the equilibrium price.
When a customer does not understand his or her role in the service delivery process, he or she is contributing to provider: Gap 3
<h3>What is the Gap 3?</h3>
Gap 3 : The chasm between service quality requirements and actual service provision
The service members may encounter situations that cause this gap. It could happen as a result of poor training, inability, or reluctance to uphold the required service standards. It could result from ineffective evaluation and compensation systems. This disparity is primarily due to ineffective recruitment.
This gap may be caused by a failure to balance supply and demand. Also lacking are context, perceived control, and empowerment. An illustration would be a restaurant that communicates highly stringent criteria for the food it serves, but the personnel might not receive the right training on how to adhere to those standards.
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Answer:
Hager should recognize a pre-tax gain on this exchange of $12,000
Explanation:
In order to calculate the pre-tax gain on this exchange that should be recognized, we would have to calculate first the total gain as follows:
Total Gain=$480,000-$384,000
Total Gain=$96,000
Because the exchange lacks commercial substance and some cash was received a portion of gain is recognized=$60,000/$480,000=0.125
Therefore, amount of pre-tax gain=$96,000*0.125=$12,000
Hager should recognize a pre-tax gain on this exchange of $12,000
