Todd Williamson and Jim Miranda started their business, Broad Reach Sailing, as a way to earn a living doing something they love
1 answer:
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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 $5
7.5% = $30,000
<u>Thus, in 2015</u>
Dividend to preference = $20,000
Dividend to Equity = $0
Also $30,000 - $20,000 = $10,000 shall be carried forward.
<u>2016</u>
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
<u>2017</u>
Dividend to preference = $12,000 Arrears
Current year = $30,000
Dividend to Equity = $200,000 - $30,000 - $12,000 = $158,000
<u>2018</u>
Dividend to preference = $30,000
Dividend to Equity = $350,000 - $30,000 = $320,000
Answer:
1. U. None of these
2. Variable overhead price variance = $2,000 F
Variable overhead efficiency variance = $4,000 U
Explanation:
Please see attachment.
