Answer:
Option (A) is correct.
Explanation:
Total dividends = $45,000 (Paid in 2010 and 2011)
common stock outstanding = 20,000 shares
Preferred dividend:
= No. of shares × Par value × 5%
= 5,000 × $100 × 5%
= $25,000
Dividends received by the common stockholders in 2011:
= Total dividends - Preferred dividend
= ($45,000 × 2) - ($25,000 × 3)
= $90,000 - $75,000
= $15,000
Answer: MARIJUANA
Explanation: MARIJUANA has been known to have different names such as Herb,pot,ganja etc. Many countries of the World have placed Ban or strict regulations to control the use of Marijuana.
MacCoun and Reuter were former staff or RAND,they discovered that a one percent Increase in price will lead to a decrease in demand for Marijuana,which means the demand for Marijuana is elastic. They also proposed that a decrease in consumption should be applied in the regulation instead of Banning the usage of a psychostimulants like Marijuana.
An institution that brings together buyers and sellers.
Answer:
D. The income statement because it recognizes revenues at the time of sale (whether payment has been received or not) and recognizes expenses when they are incurred.
Explanation:
The income statement in accordance to the accrual basis and matching concept recognizes revenues at the time of sale (whether payment has been received or not) and recognizes expenses when they are incurred.
The business exists for a profit motive and it is the income statement that reveals whether or not the company is doing so, on a monthly, quarterly and annual basis.
Again, the listing of all categories of expenses on the income statement makes it possible to focus attention on which cost has to be brought under control to improve profitability.
