1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Ratling [72]
3 years ago
8

Sunland Company has 10,000 shares of 8%, $100 par value, cumulative preferred stock outstanding at December 31, 2022. No dividen

ds were declared in 2020 or 2021. If Sunland wants to pay $395,000 of dividends in 2022, what amount of dividends will common stockholders receive?
Business
1 answer:
Makovka662 [10]3 years ago
4 0

Answer:

The amount of dividends received by common stockholders is $155,000

Explanation:

The dividends to preferred shareholders is computed as:

Dividends to preferred shareholders = Shares × Price per share × 8% × Number of years

where

Shares are 10,000

Price per share is $100

Number of years is 3 (2020,2021 and 2022)

Putting the values above:

= 10,000 × $100 × 8% × 3

= $80,000 × 3

= $240,000

Now,

The amount of dividends received by common stockholders is computed as:

Amount = Dividends to be paid in year 2022 -Dividends to preferred shareholders

$395,000 - $240,000

= $155,000

You might be interested in
Jacoby Company received an offer from an exporter for 25,400 units of product at $18 per unit. The acceptance of the offer will
OlgaM077 [116]

Answer:

Differential income from the special order= $127,000

Explanation:

A company should accept a special order where the order generates additional contribution. i.e where the special order sales exceeds all relevant cost.

The relevant cost for decision to accept the special order are  

I Incremental Revenue from the special order  

2. incremental variable cost

Contribution per unit = 18-13=5

Total contribution from special order = contribution per unit × units

                                                      = 5× 25,400=$127,000

Differential income from the special order= $127,000

Note that whether or not the special order is accepted the fixed manufacturing and fixed operating expenses of would be incurred either way. Therefore , they are not relevant for the decision

6 0
3 years ago
Scenario 1: Individual Retirement Accounts (IRAs) allow people to shelter some of their income from taxation. Suppose the maximu
ELEN [110]

Answer:

<em>The question is incomplete, complete question is as follows:</em>

Individual Retirement Accounts (IRAs) allow people to shelter some of their income from taxation. Suppose the maximum annual contribution to such accounts is $5,000 per person. Now suppose there is a decrease in the maximum contribution, from $5,000 to $3,000 per year.

Shift the appropriate curve on the graph to reflect this change.

This change in the tax treatment of interest income from saving causes the equilibrium interest rate in the market for loanable funds to and the level of investment spending to.

Explanation:

<em>To decrease.</em>

Saving is the basis of the loanable finance supply.

<em>Decreasing the saving rates which families may shelter from income tax would deter saving on each interest rate, contributing to a change in the supply of loanable funds to the left. </em>

The initial interest rate is due to a shortage of loanable funds. The lenders will also be able to increase the interest rate which they charge for loans with more inclined borrowers than lenders.

Whilst the interest rates increase, the quantity required for loanable funds is declining. The equilibrium interest rate is increasing, and the equilibrium amount of borrowed and invested loanable funds is decreasing.

5 0
3 years ago
You want to have $18,000 in 9 years for a dream vacation. If you can earn an interest rate of .5 percent per month, how much wil
stiks02 [169]

Answer:

$10,503.59

Explanation:

This question requires us to find how much you have to deposit today if:

Fv = 18,000

Time = 9 years

PV= fv/(1 + i)^n

N = 9 X 12 = 108

I/y = 0.5%

PV = $18,000 / 1.005^108

= $10,503.59

Therefore what you have to deposit today is $10,503.59

5 0
3 years ago
Which transaction would cause one asset to increase and another asset to decrease?
Dvinal [7]
The correct answer is D.
7 0
3 years ago
Brenda has been trying to lose weight and control her seemingly insatiable sweet tooth. to meet her goal, she has removed all co
mamaluj [8]

Brenda is practicing stimulus control

Hope this helps, Happy Valentines day (:

6 0
3 years ago
Other questions:
  • Two individuals at a retail store work the same cash register. You evaluate this situation as which of the following?
    12·1 answer
  • Is it easy to start or stop a mma investment
    9·1 answer
  • Darian has a gourmet cupcake business and needs a website to compete with the other bakeries in his area. He has a Google My Bus
    8·1 answer
  • Sandra, a manager at Evolve Corp, frequently engages her team in recreational activities. Every employee is friendly with one an
    5·1 answer
  • Balsco's balance sheet shows total assets of $238,000 and total liabilities of $107,000. The firm has 55,000 shares of stock out
    10·1 answer
  • The historical cost principle requires that when assets are acquired, they be recorded ata. appraisal value.b. cost.c. market pr
    10·2 answers
  • Threads Inc., an apparel manufacturer, employs personal selling to market goods. Its employees handcraft products that are then
    15·1 answer
  • Microsoft is an example of a company using a(n) _____ strategy. The company produces the majority of its work in its U.S. headqu
    7·1 answer
  • Dilution solutions, inc. repurchased 500 shares of its $2 par value common stock for $10,000. the effect of this transaction on
    13·1 answer
  • If exports ______________, then the economy is said to have a trade surplus. question 4 options: equal imports exceed imports pr
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!