answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
abruzzese [7]
1 year ago
14

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

s of common stock with a $1 par value. During its first four years of operation, the corporation declared and paid the following total cash dividends:
2015 $ 20,000
2016 28,000
2017 200,000
2018 350,000
Determine the amount of dividends paid each year to each of the two classes of stockholders assuming that the preferred stock is cumulative. Also determine the total dividends paid to each class for the four years combined. (Round your "Dividend per Preferred Share" answers to 3 decimal places.)
Business
1 answer:
7nadin3 [17]1 year ago
4 0

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

<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

You might be interested in
How many more rupees would 20 000 euros buy at peak exchange rate than at closing point?
serg [7]
There will be a total of 31,400 more rupees would 20000 euros buy at peak exchange rate than at closing point. We can buy more rupees at the peak exchange rate than at the closing point using the currency of Europe which is euro. The answer in this question is 31,400 more rupees can buy at 20000 euros.
6 0
1 year ago
I'LL GIVE BRAINLIST!!!
vesna_86 [32]

Answer:

C. he was happy to learn that he would be given a loan to cover all college expenses.

Explanation:

A student that is given a loan to cover college expenses have to go for entrance counselling in order to receive appropriate orientation and he will also have to sign promissory note that he will return the loan given.

8 0
1 year ago
Read 2 more answers
Columbia Corporation produces a single product. The company's variable costing income statement for November appears below: Colu
Mekhanik [1.2K]

Answer:

Value of closing Inventory under absorption costing = $56,610

Explanation:

Provided sales for the month = $902,000 a the rate of $22 per unit.

That means sales in units = $902,000/ $22 = 41,000 units.

Provided opening stock of finished goods = 8,770 units

Production for the month of November = 35,560 units

Closing inventory = Opening + Manufactured - Sales

                              = 8,770 + 35,560 - 41,000 = 3,330

Under absorption costing only manufacturing overheads are added to the cost of goods, operating expenses like selling & administrative do not form part of that.

Variable cost of goods sold do not include operating expenses, as variable selling expenses are provided separately.

Therefore cost of goods sold per unit = $574,000/41,000 = $14 per unit.

Variable selling expenses will not form part of value of closing inventory under absorption costing.

Fixed manufacturing expenses will be considered fully with the production quantity of 35,560 units as no production capacity has been provided.

Manufacturing fixed cost per unit = $106,680/35,560 = $3 per unit

Value of closing Inventory = Cost of goods sold per unit + Fixed cost per unit allocated

= ($14 X 3,330) + ($3 X 3,330) = $56,610

8 0
2 years ago
The cost constraint suggests that, even when the cost of providing accounting information exceeds its benefit, the financial acc
Alekssandra [29.7K]

Answer:

False

Explanation:

The GAAP established that when the benefits of obtaining accounting information are lower than the costs of providing that information, the information should not be provided.

For example, sometimes there are very small differences in certain accounts that don't allow a balance sheet to be balanced. If the accounting error is very small, e.g. just a few hundred dollars, then it is not reasonable to have a whole audit team check all the financial statements again to determine what caused the error. An adjusting entry could be made to close the account balances.

Imagine you are an auditor that must check the physical inventory of a factory and some boxes containing supplies are misplaced. It might take you a whole day to count again all the supplies and materials, but is it worth it? If the supplies were really expensive, probably yes, but if they were cheap components, then probably no.

3 0
2 years ago
1. How has an understanding of consumer behavior helped Coppertone grow in the United States and around the globe? 2. Describe t
True [87]

Answer: The answers are provided below

Explanation:

1. The understanding of consumer behavior which has helped Coppertone grow in the United States and around the world are:

• Its understanding of consumer behavior was along with changing behaviour of consumers.

• Its understanding was along with consumer's changing needs.

• Providing innovative solutions that are in accordance with consumer preferences.

Note that at the beginning, Coppertone started as a tanning product, but later developed nee products when the consumers preferences changed from tanning to skin protection.

2. . The Five stage purchase decision process for a Coppertone customer are:

a. Problem recognition - This is the stage of understanding the problem.

b. Search for information. It is the stage of seeking solution to the problem

c. Comparision of alternatives - This is the stage where the comparative analysis is done. This stage is influenced by the product, price, availability etc.

d. Decision of purchasing - This is the stage of decision making that is based on the comparisons made.

e. Post-purchase feedback - This is the stage whereby the consumer will evaluate the product performance. This stage is vital to retaining existing consumers.

3. The factors that can influence the Coppertone consumer purchase decision process are:

• Psychological: It is the intention of consumers to protect their skin from the sun while going out thereby maintaining their good look.

• Sociological : It is in human behaviour to replicate the things that are being done by other people in the society.

• Situational Factor: This is a case whereby consumers are left with no other alternatives than purchasing a particular product brand to meet their need.

4. The marketing activities Coppertone utilized to help it grow in the marketplace are:

• Advertisment: Coppertone advertisment strategy really worked through its use of the advertisement campaign for “the Coppertone Girl” and also their famous tagline “Tan, Don’t Burn.” This helped spar the product’s popularity.

• Use of social media: They also engage with their customers on social media nd other websites.

5. The challenges that would be faced by Coppertone in the future are:

• There will be an unbalanced demand and supply since the requirement of the product is seasonal.

• Selective usage of the product by the customer can hampers the sale.

• There may be the need for more innovative products in order to meet customer needs.

The recommendation related to each challenges are:

• Awareness should be created among the customers about their self health and looks, in order for them to shift away from seasonal usage.

• New products should be launched aggressively. This is because customers are trendy nowadays and also appealing marketing techniques should be used.

6 0
1 year ago
Other questions:
  • In the long run, if inputs are increased by 10 percent and output increases by 20 percent, then __________ are said to exist.
    15·1 answer
  • Scribners Corporation produces fine papers in three production departments—Pulping, Drying, and Finishing. In the Pulping Depart
    14·1 answer
  • ABC Bookstore sells packages of books that include both new and used
    7·1 answer
  • MaryJane’s Bakery manufactures and sells a variety of baked goods. The selling price per dozen of chocolate glazed dunuts is $8.
    6·1 answer
  • Martina advises her tax client, Breslin Baked Goods, to disclose a matter by attaching a special form to its corporate tax retur
    13·1 answer
  • New Jersey Valve Company manufactured 7,800 units during January of a control valve used by milk processors in its Camden plant.
    8·1 answer
  • Emerald Statuary manufactures bust statues of famous historical figures. All statues are the same size. Each unit requires the s
    11·1 answer
  • In the current year, Riflebird Company had operating income of $220,000, operating expenses of $175,000, and a long-term capital
    5·1 answer
  • The allocation of the cost of a tangible fixed asset is referred to as_____, whereas the allocation of the cost of an intangible
    8·1 answer
  • Exercise 2-10 Applying Overhead Cost to a Job [LO2-2] Sigma Corporation applies overhead cost to jobs on the basis of direct lab
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!