In 2012, the board of directors of Sweet Bakery Corporation declared total dividends of $46,000. The company has 1500 shares of 2%, $80 par preferred stock. There are no dividends in arrears. How much of the $46,000 will be paid to preferred shareholders and how much will be paid to common shareholders?
Q: The Yen Company has fixed costs of $750,000 and variable costs are 70% of the selling price. To…
A: Explanation of Break-Even Analysis:Break-even analysis is a financial tool used to determine the…
Q: Hii ticher please given correct answer general Accounting question
A: Step 1: Define Total Cash Payment on a NoteThe total cash payment includes the principal amount plus…
Q: Need help with this accounting questions
A: Step 1: Allocate overhead Basis: Direct labor cost Applied overhead = Actual direct labor cost x…
Q: Sub, GENERAL ACCOUNT
A: Workers' compensation for an injury received while working: Workers' compensation benefits are…
Q: Hi expert please give me answer general accounting question
A: Step 1: Definition of Average Number of Days' Sales in Accounts ReceivableThe average number of…
Q: At the beginning of the year, Quaker Company's liabilities equal $72,000. During the year, assets…
A: To find the beginning and ending amounts of equity, we use the accounting equation: Assets =…
Q: I want answer
A: Explanation of Gross Margin:Gross margin represents the amount of sales revenue remaining after…
Q: 100 units? 1000 units? 1 million units?
A: Development Cost: $115,000 (This is a fixed cost)Delivery Cost: $0.75 per unitLet us determine the…
Q: Cost per unit is ????
A: To calculate the cost per unit using absorption costing, we add all production costs (fixed and…
Q: Cool Electronics sells TVs for $800 each, costing $500 each. Monthly fixed costs are $20,000. __ the…
A: The question requires the determination of the number of break even units.Break-even analysis…
Q: Calculate the return on assets and return on equity ratio?
A: To calculate **Return on Assets (ROA)** and **Return on Equity (ROE)** for Sunset Café, we use the…
Q: The economic order quantity is used to
A: i) Maximize inventory levels: The EOQ is not meant for this purpose. Actually, rather than…
Q: Calculate the operating cash flow for the year on these financial accounting question
A: Step 1: Define Operating Cash FlowOperating cash flow (OCF) represents the cash generated by a…
Q: The investor receives a dividend
A: We are givenInitial purchase price = $50Selling price = $54Dividend received = $2.50 Steps:Calculate…
Q: What is the amount of overhead allocated to job 8-45 ?? General accounting
A: The amount of overhead allocated to job 8-45 can be calculated using the following formula: Overhead…
Q: The following standards for variable manufacturing overhead have been established for a company that…
A: Variable Overhead Efficiency VarianceThe formula for the Variable Overhead Efficiency Variance is:…
Q: general accounting
A: Step 1: Calculate the expected EPS for next yearExpected EPS for next year = $2.75 Step 2: Calculate…
Q: Do fast answer of this accounting questions
A: To calculate the net income for the year, we can use the following formula related to retained…
Q: general account questions
A: To calculate Ivanhoe Inc.'s total product costs, we need to include direct materials (DM), direct…
Q: Financial Accounting
A: Step 1: Define Reward Credit CardA credit card that promotes card spending by providing different…
Q: A fixed asset with a cost of $38, 400
A: Explanation: Gain (loss) on disposal of fixed asset can be calculated using the following…
Q: General accounting question please solve
A:
Q: What is the coefficient of variation for this company on these financial accounting question?
A: The coefficient of variation (CV) is calculated using the formula: CV=μσ Where:σ is the standard…
Q: I want to this question answer general Accounting
A: Step 1: Define Cash ReceiptsCash Receipts represent the cash collected from sales made on account,…
Q: Please need answer this general accounting question not use ai
A: Step 1: Definition of Gain or Loss on Asset SaleThe gain or loss on the sale of an asset is the…
Q: How many hours were worked during the Year
A: To solve this problem, we need to calculate the actual direct labor hours worked based on the given…
Q: Calculate the business return on assets? General accounting
A: The Return on Assets (ROA) is calculated using the formula: ROA = (Net Income / Total Assets) × 100…
Q: Cost accounting
A: A $5 million reduction in COGS would increase the before-tax profit by $5,000,000 because COGS is…
Q: None
A: Step 1: Define Current RatioThe Current Ratio is a financial ratio that measures a company's ability…
Q: None
A: Step 1: Definition of Asset Turnover RatioThe Asset Turnover Ratio measures how efficiently a…
Q: What is the division's margin on these financial accounting question?
A: The margin is calculated using the formula: Margin = (Net Operating Income ÷ Sales) × 100 Given:Net…
Q: Subject:- General Account
A: We are tasked with determining the cash received from customers using the given information:Sales…
Q: Given answer accounting questions
A: Step 1: Understand the Data ProvidedGreen Thumb Landscaping has provided its most recent monthly…
Q: Need answer
A: The consolidated financial statements include: 1. **Assets and liabilities** of both the parent and…
Q: Need help
A: The question requires the determination of the overhead cost allocated to a specific…
Q: What amount and direction during that some period?? General accounting
A: Explanation: In the given case, it is stated that the assets increased by $52,600 and the…
Q: None
A: To calculate the current price of TechGlobe Solutions based on the projected earnings per share…
Q: Quick answer of this accounting questions
A: The total Direct Materials Cost Variance is calculated as the difference between the Actual Cost of…
Q: Get correct answer the general accounting
A: Step 1: Define Supplies ExpenseSupplies expense refers to the cost of supplies used during the…
Q: David Davis Co. sold $2,140,000 of 10%, 10-year bonds at 102 on January 1, 2025. The bonds were…
A: a. David Davis Co.Given:Bond face value: $2,140,000Coupon rate: 10%Term: 10 yearsSold at 102…
Q: Calculate field and struthers's NOPAT ? General accounting question please solve
A: Step 1: Introduction to income statementIncome statement is referred to as the financial statement…
Q: Please solve this question general accounting
A: Detailed explanation:Estimated manufacturing overhead: Shop and repair equipment depreciation$…
Q: Accounting 56
A: The time value of money is most applicable to long-term financial decisions. This is the principle…
Q: Answer please
A: Step 1: Formula Preferred dividends = Number of preferred shares x Par value x RateCommon dividends…
Q: What is the percentage return on your investment?
A: Initial investment per share: $75Number of shares: 30Total initial investment: $75/share * 30 shares…
Q: Kindly help me with accounting questions
A: Step 1: Definition of Net IncomeNet income is the profit earned by a business over a period after…
Q: Ans
A: Step 1: Definition of Predetermined Overhead RateThe Predetermined Overhead Rate (POHR) is the rate…
Q: Variable Costing
A: Explanation of Unit Product Cost: Under variable costing, unit product cost represents the total…
Q: Provide answer
A: Explanation of Standard Costing:Standard costing is a method used in accounting to estimate the…
Q: General Accounting Question
A: Step 1: Define Applied OverheadApplied overhead is the amount of manufacturing overhead allocated to…
Please given correct answer
Step by step
Solved in 2 steps
- According to a company press release, on January 5, 2012, Hansen Natural Corporation changed its name to Monster Beverage Corporation. According to Yahoo Finance, on that day the value of the company stock (symbol: MNST) was $15.64 per share. On January 5, 2018, the stock closed at $63.49 per share. This represents an increase of nearly 306%. A. Discuss the factors that might influence the increase in share price. B. Consider yourself as a potential shareholder. What factors would you consider when deciding whether or not to purchase shares in Monster Beverage Corporation today?Answer pleasePlease show how you got your answers.
- The Namleda Corporation has an income statement that indicates thatoperating income is $2,375,486 and pays interest of $100,000 and taxes of$900,000. The corporation currently has an average of 3 million shares ofcommon stock outstanding and 1 million shares of preferred stock, whichpays a dividend of $1.00 per share. What is the corporation’s approximateearnings per share?HelpMarlene Co. had 300 million shares of $1 par common stock outstanding at January 1, 2021. In October 2021, Marlene Co.’s Board of Directors declared and distributed a 1% common stock dividend when the market value of its common stock was $60 per share. In recording this transaction, Marlene would: a. Debit retained earnings for $180 million. b. Credit paid-in capital—excess of par for $180 million. c. Credit common stock for $180 million. d. None of these answer choices correct.
- Lighthouse Inc., a software development firm, paid a total of $75,000 in dividends in fiscal year 2020. For the year Lighthouse had 3,000 shares of cumulative preferred $6 stock, $15 par and 15,00o shares of common stock, $10 par isued. Lighthouse did not pay dividends in 2018, and 2019. Required: Determine how much each common shareholder and preferred shareholder will receive? Show Your Work:Kiwi Charter Corp. reported $2,952,010 of profit for 2023. On November 2, 2023, it declared and paid the annual preferred dividends of $203,000. On January 1, 2023, Kiwi had 104,000 and 520,000 outstanding preferred and common shares, respectively. The following transactions changed the number of shares outstanding during the year: Feb. 1 Declared and issued a 20% common share dividend. Apr. 30 Sold 159,000 common shares for cash. May 1 Sold 50,000 preferred shares for cash. Oct. 31 Sold 42,000 common shares for cash. a. What is the amount of profit available for distribution to the common shareholders? Earnings available to common shareholders b. What is the weighted-average number of common shares for the year? Weighted-average outstanding shares c. What is the earnings per share for the year? (Round the final answer to 2 decimal places.) Earnings per shareUse the following information to answer the questions 34 and 35. On January 1, 2020, Falcon Corporation had 40,000 shares of $10 par value common stock issued and outstanding. All 40,000 shares had been issued in a prior period at $17 per share. On February 1, 2020, Falcon purchased 3,100 shares of treasury stock for $19 per share and later sold the treasury shares for $26 per share on March 2, 2020. 34 What amount of gain due to these treasury stock transactions should be reported on the income statement for the year ended December 31, 2020? A) $ 21,700 B) $ 3,100 C) $ 2,170 D) None of the above 35 The entry to record the sale of the treasury shares on March 2, 2020 is A) Cash $ 26,000 Common Stock Retained Earnings $ 24,000 $Jigs 2,000 Treasury Stock, Common $ 26,000 Treasury Stock, Common Gain on Treasury Stock, Common $ Treasury Stock, Common Paid-in Capital, Treasury Stock B) Cash C) Cash D) Cash E) None of the above Retained Earnings bome 6,000 $ $ $ $ $ $ $ · LA (8) 19,000 7,000…
- Barbur, Incorporated reported net income of $12.5625 million. During the year the average number of common shares outstanding was 3.35 million. The price of a share of common stock at the end of the year was $5. There were 540,000 shares of preferred stock outstanding on average and no dividends were declared and the preferred stock is noncumulative. The EPS is: Multiple Choice O C O $0.27. $3.51. $3.61. $3.75.. Li Travel Company reported net income for 2021 in the amount of $900,000. During2021, Li declared and paid $21,250 in cash dividends on its nonconvertible preferredstock. Li also paid $10,000 cash dividends on its common stock. Li had 400,000common shares outstanding from January 1 until 100,000 new shares were sold forcash on April 1, 2021. What is 2021 basic earnings per share?a. $1.85.b. $1.64.c. $1.76.d. None of these answer choices is correct.Occidental Produce Company has 40,000 shares of common stock outstanding and 2,000 shares of preferred stock outstanding. The common stock is $0.01 par value; the preferred stock is 4% noncumulative, with $100 par value. On October 15, 2015, the company declares a total dividend payment of $40,000. What is the total amount of dividends that will be paid to the common shareholders?
