Business, 18.11.2019 22:31 tylerwilliams1116
Agler, inc. has 10,000 shares of 7%, $100 par value, cumulative preferred stock and100,000 shares of $1 par value common stock outstanding at december 31, 2010. if theboard of directors declares a $60,000 dividend, thea. preferred shareholders will receive 1/10th of what the common shareholders willreceive. b. preferred shareholders will receive the entire $60,000.c. $60,000 will be held as restricted retained earnings and paid out at some future date. d. preferred shareholders will receive $30,000 and the common shareholders will receive$30,000.
Answers: 1
Business, 21.06.2019 22:10
You have just received notification that you have won the $2.0 million first prize in the centennial lottery. however, the prize will be awarded on your 100th birthday (assuming you're around to collect), 66 years from now. what is the present value of your windfall if the appropriate discount rate is 8 percent?
Answers: 1
Business, 22.06.2019 02:00
On january 1, 2017, fisher corporation purchased 40 percent (90,000 shares) of the common stock of bowden, inc. for $980,000 in cash and began to use the equity method for the investment. the price paid represented a $48,000 payment in excess of the book value of fisher's share of bowden's underlying net assets. fisher was willing to make this extra payment because of a recently developed patent held by bowden with a 15-year remaining life. all other assets were considered appropriately valued on bowden's books. bowden declares and pays a $90,000 cash dividend to its stockholders each year on september 15. bowden reported net income of $400,000 in 2017 and $348,000 in 2018. each income figure was earned evenly throughout its respective year. on july 1, 2018, fisher sold 10 percent (22,500 shares) of bowden's outstanding shares for $338,000 in cash. although it sold this interest, fisher maintained the ability to significantly influence bowden's decision-making process. prepare the journal entries for fisher for the years of 2017 and 2018. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field. do not round intermediate calculations. round your final answers to the nearest whole dollar.)
Answers: 3
Business, 22.06.2019 02:20
Archangel manufacturing calculated a predetermined overhead allocation rate at the beginning of the year based on a percentage of direct labor costs. the production details for the year are given below. calculate the manufacturing overhead allocation rate for the year based on the above data. (round your final answer to two decimal places.) a) 42.42% b) 257.14% c) 235.71% d) 1, 206.90% archangel production details.
Answers: 3
Business, 22.06.2019 06:00
Use this image to answer the following question. when the economy is operating at point b, the us congress is most likely to follow
Answers: 3
Agler, inc. has 10,000 shares of 7%, $100 par value, cumulative preferred stock and100,000 shares of...
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