What are the most likely options for Maggie in the

York’s outstanding stock consists of 80,000 shares of cumulative 7.5% preferred stock with a $5 par value and also 200,000 share

7nadin3 [17]

Answer:

Dividend Each Year shall be

Year 2015 2016 2017 2018

Preference $20,000 $28,000 $42,000 $30,000

Equity $0 $0 $158,000 $320,000

Total Dividend

Preference = $120,000

Equity = $478,000

Explanation:

When the preference dividends are cumulative in nature the dividends shall be paid each year of the rate specified, in case not paid the, it is carried forward.

In the given case, preference dividend = 80,000 shares $\times$ $5 $\times$ 7.5% = $30,000

Thus, in 2015

Dividend to preference = $20,000

Dividend to Equity = $0

Also $30,000 - $20,000 = $10,000 shall be carried forward.

2016

Dividend to preference = $10,000 Arrears

Current year = $28,000 - $10,000 = $18,000

Carry forward = $30,000 - $18,000 = $12,000

Dividend to Equity = $0

2017

Dividend to preference = $12,000 Arrears

Current year = $30,000

Dividend to Equity = $200,000 - $30,000 - $12,000 = $158,000

2018

Dividend to preference = $30,000

Dividend to Equity = $350,000 - $30,000 = $320,000

4 0

2 years ago

A beneficiary acquired stock from a decedent. The stock's fair market value at the date of the decedent's death was $500,000. Th

Ivanshal [37]

Answer:

Beneficiary recognized gain is $510000.

Explanation:

The amount paid by the decedent for the stock = $280000

The market value of the stock at the time of death = $500000

The selling price or the amount received by the beneficiary by the sell of stock = $510000

Since the recognized gain is calculated by subtracting the amount paid by the person to buy the stock from the amount that he receives from the sale of stock. But in this case, the beneficiary pays zero for the stock but gets all the money after selling.

Beneficiary recognized gain = amount received from the sell – the amount paid by the beneficiary.

= $510000 – 0

= $510000

7 0

2 years ago

Jessica completed a four-year degree program in Finance and Accounting. She hasn’t yet gained any work experience in this field.

siniylev [52]

5.she can now work as a trainee with an expert

7 0

2 years ago

Read 2 more answers

To add a pie chart, first select the data to be charted and then tap or click the Insert Pie or Doughnut Chart button (INSERT ta

valina [46]

The given statement " To add a pie chart, first select the data to be charted and then tap or click the Insert Pie or Doughnut Chart button (INSERT tab | Charts group) " is TRUE

Explanation:

A pie chart is a circular mathematical diagram separated into slices that display numerical proportions. The length of each piece in a pie chart is proportional to the amount it represents.

In other words, each piece of the pie is relative to the size of the party in its entirety. The whole pie is 100% whole, while the pie "slices" represent portions of the whole.

You must have a list of both the category (description of your categories) and numerical variables to construct a pie chart.

Tables can be hard to draw by hand, in particular for tricky numbers. The entire pie is 360 degrees, making drawing 13.9% or 56% difficult. With the range of computer programs, it is not really important that you can create pie charts.

6 0

2 years ago

"Higher level professions require indepth knowledge, good skill, and special training." Explain this statement with examples.

Greeley [361]

Answer:

True.

Explanation:

Higher level professions are professions occupied by professionals who think strategically and carry out their duties by adhering to the ethical standards that governs their profession. Examples are medical practitioners, engineering, accountant and pilot. All these requires in-depth knowledge , good skill and special training because of the technical nature of the profession.

Having a degree is not enough to deliver on these professions because of their complexities. These professionals must adhere to the ethical standard that governs their profession and also hold themselves out of having the required training, knowledge and experience .

Take for instance a pilot who controls a plane. Asides having the required education, he would undergo special trainings on how to fly planes. He must also have the skills and experience of flying before being certified to fly people because of the risky nature of the profession.

The above example also applies to a doctor. He would undergo trainings depending on his area of specialization and must have knowledge before being certified to work as a doctor. The reason is that he is dealing with lives hence must possess the the required skills and experience.

8 0

2 years ago