15. Most vegetables substantially diminish in quality in as little as ______

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

Spartan Corporation, a U.S. corporation, reported $2 million of pretax income from its business operations in Spartania, which w

AVprozaik [17]

Answer:

A. = (15% X $2M) + (21% X $2M) = $720,000. Since there is no mechanism for mitigating double taxation, the branch profit will be taxed on the to tax rate of 15% and 21% which is $300,000 and $420,000.

B. The total tax for $2m branch profit if US corporations can remove foreign based profit from US taxation will be just the 15% x $2m = $300,000.

C.If they are allowed to take deductions for foreign income taxes, the total tax on the $2m branch profit will be (21% -15%) x $2m = $120,000.

Explanation:

D.1. If credit are allowed for foreign income tax paid, total tax will be ($2m - $300,000 been foreign tax paid) x 21% = $357,000

D.2.

If the charge foreign income taxes at 30% and US corporations can claim refundable credit for foreign income tax paid on foreign source income = ($2m - $300,000 been the foreign income tax paid) = $1 700,000 x 30% = $510,000

6 0

2 years ago

An athlete signs a five-year endorsement deal with a prominent sponsor. Under this deal, the athlete will receive $5,000 each ye

Iteru [2.4K]

Answer:

PV= $23,370.85

Explanation:

Giving the following information:

Cash flow (1-3)= $5,000

Cash flow (4-5)= $6,500

Discount rate= 6%

To calculate the present value, first, we need to calculate the final value:

FV= {A*[(1+i)^n-1]}/i

A= annual cash flow

Year 1-3:

FV= {5,000*[(1.06^3) - 1] / 0.06

FV= 15,918

Year 4-5:

FV= {6,500*[(1.06^2) - 1]} / 0.06

FV= 13,390

Now, the present value:

PV= FV/(1+i)^n

PV= 15,918/(1.06^3)= 13,365.06

PV= 13,390/(1.06^5)= 10,005.79

PV= $23,370.85

3 0

2 years ago

The following information relates to a product produced by Faulkland Company:

kvv77 [185]

Answer:

$305,000 increased

Explanation:

As the total unit cost is given i.e $23

And, the customer has offered to buy 61,000 units at $22 each

In the case of special order, the effect on operating profits is

= Difference of cost × number of units to be offered for buying

= $5 × 61,000 units

= $305,000 increased

The difference is

= Buying price offered - direct material per unit - direct labor per unit - variable overhead per unit

= $22 - $8 - $5 -$4

= $5

The selling cost is not included. Hence, ignored it

4 0

2 years ago

A grocery store sells an imported specialty cheese for $11 and its own store–brand cheese for $5. write two equivalent expressio

Leni [432]

Since we only bought one cheese, the amount of money needed to pay for it could be identifiable by the price of one cheese (no need to use variable). The groceries are the opposite since we do not posses any information regarding their prices, so we could replace it with a variable.

The expression could be written as:

11 + 5 + g and 5 + 11 +g

or

(11 + 5) + g and 11 + (5 + g)

3 0

2 years ago

15. Most vegetables substantially diminish in quality in as little as _______ days.