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Bad White [126]
2 years ago
14

Brewer Inc. has 5,000 shares of 6%, $50 par value, cumulative preferred stock and 100,000 shares of $1 par value common stock ou

tstanding at December 31, 2017, and December 31, 2016. The board of directors did NOT declare dividends in 2016. What are the dividends received by the preferred stockholders in 2017?
Business
1 answer:
scZoUnD [109]2 years ago
6 0

Answer:

Total dividend = 30,000

Explanation:

Given:

Total number of stock = 5,000

Dividend rate = 6% = 0.06

Per value = $50

Computation of dividend per year:

Dividend per year = Total number of stock × Per value × Dividend rate

Dividend per year = 5,000 × $50 × 0.06

Dividend per year = 15,000

For cumulative preferred stock:

Total dividend = 2016 Dividend + 2017 Dividend

Total dividend = 15,000 + 15,000

Total dividend = 30,000

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Roca, Inc., manufactures and sells two products: Product M6 and Product X7. The company has an activity-based costing system wit
Nikolay [14]

Answer:

$369,879

Explanation:

The computation of the total overhead to be applied is shown below:

<u>                                                                                    Product X7</u>

<u>Activity Cost  Estimated  Expected  Activity  Expected  Overhead </u>

<u>Pool               Overhead   Total         Rate     Activity       applied </u>

<u>                Cost            Activity </u>

Labor

-related          $152,100      7,800     $19.50     4800     $93,600

Production

orders        $63,035      700    $90.05     300      $27,015

Order size      $505,452    7300      $69.24     3600       $249,264

Total                $720,587                                                    $369,879

6 0
2 years ago
A(n) _____ is awarded on the basis of financial need. You will not be charged any interest before you begin repayment or during
prisoha [69]

scholarship i think

4 0
2 years ago
Read 2 more answers
Suppose First National Bank holds ​$100 million in assets with an average duration of 3 ​years, and it holds ​$90 million in lia
Nitella [24]

Answer:

% change decrease is = 1.2 %

Explanation:

given data

assets = $100 million

average duration = 3 ​years

liabilities = $90 million

average duration = 3 years

interest rates= 4% increase

to find out

percentage decrease in First National​ Bank's net worth relative to the total original asset value

solution

change in assets value is

change in assets value = $100 million  × 4%  × 3 year = $1200 million

change in liability value is

change in assets value = $90 million  × 4%  × 3 year = $1080 million

change in net worth = $1200 - $1080 = $120 million

so % change is = \frac{120}{100}

% change decrease is = 1.2 %

3 0
2 years ago
A monopolist makes self‑cleaning jackets. At a price of $100 each, it can sell 20 jackets. At a price of $98 each, it can sell 2
tatiyna

Answer:

The answer is $2,000

Explanation:

A monopolist is a single seller in the industry. A monopolist can influence the market price because he is the only one selling the product in the industry and has many buyers. Monopoly is an imperfect market and there are price discriminations in this market. A monopolist can charge different prices for different people.

We have first degree price discriminations, second degree price discriminations and third degree price discriminations.

Total revenue = selling price x units sold

Selling price is $100

Units sold is 20 jackets

Total revenue is therefore, $100 x 20 jackets

=$2,000

6 0
2 years ago
Devlin Manufacturing makes a single product. Expected manufacturing costs are as follows:Variable costsDirect materials $6.50 pe
expeople1 [14]

Answer:

Manufacturing cost:                                        $

Direct material ($6.50 x 3,200)                   20,800

Direct labour ($2.40 x 3,200)                     7,680

Manufacturing overhead ($1.10 x  3,200)   3,520

Supervisory salaries                                       13,600

Depreciation                                                 5,500

Other fixed costs                                          <u>2,200</u>

Total manufacturing cost                            <u> 53,300</u>

Explanation:

Total manufacturing cost is the aggregate of direct material, direct labour,variable manufacturing overhead and fixed costs. Fixed costs include supervisory salaries, depreciation and other fixed costs. Direct material cost per unit, direct labour cost per unit and manufacturing overhead cost per unit should be multiplied by the budgeted units per month.                      

7 0
2 years ago
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