Lightfoot Inc., a software development firm, has stock outstanding as follows: 25,000
shares of cumulative preferred 4% stock, $20 par, and 31,000 shares of $100 par
common. During its first four years of operations, the following amounts were
distributed as dividends: first year, $7,500; second year, $12,500; third year,
$68,210; fourth year, $115,790.
Calculate the dividends per share on each class of stock for each of the four years.
Round all answers to two decimal places. If no dividends are paid in a given year,
enter "0".
Preferred stock (dividend per share)
1st year, 2nd year, 3rd year, 4th year
Common stock
1st year, 2nd year, 3rd year, 4th year
Answers
Preferred stock:
Year 1=$0.30
Year 2=$0.50
Year 3=$1.60
Year 4=$0.80
Common stock
Year 1=$0.00
Year 2=$0.00
Year 3=$0.91
Year 4=$3.09
How do we compute dividend per share?
The requirement is to compute dividend per share(total dividends divided by shares outstanding) for both preferred stocks and equity shares.
The cumulative preferred stock means that the future dividends would include dividends unpaid in the earlier years.
Annual dividend for preferred stock=number of shares*par value*dividend rate
number of shares=25,000
par value=$20
dividend rate=4%
annual dividend for preferred stock=25,000*$20*4%
annual dividend for preferred stock=$20,000
In year 1, all of the dividends,$7,500 would be paid to cumulative preferred stockholders, which leaves a balance of $12,500 to be paid in future years
In year 2, the dividend payable to cumulative preferred stocks is the arrears of $12,500 plus the $20,000 for year 2 i.e. $32,500
The fact that only $12,500 was paid means that the unpaid cumulative dividends at the end of year 2 are $20,000( i.e. $32,500-$12,500)
In year 3, the arrears of $20,000 for cumulative preferred stocks and the $20,000 dividends for the current year would be paid together since the amount of dividends declared is $68,210
equity dividends=total dividends-cumulative preferred stocks' dividends
equity dividends=$68,210-$40,000
equity dividends=$28,210
In year 4, out of the dividends of $115,790, only $20,000 is due to preferred stockholders as annual dividends as there are no arrears of dividends
Equity dividends=$115,790-$20,000
equity dividends=$95,790
Note that dividend per share is total dividends divided by shares
Preferred stock:
Year Total dividends Shares Dividend per share
1 $7,500 25000 $0.30
2 $12,500 25000 $0.50
3 $40,000 25000 $1.60
4 $20,000 25000 $0.80
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Companies can apply the force field technique in the workplace by establishing a method of observing the factors that drive or block the achievement of goals.
How is the force field technique effective in the workplace?It helps in the identification and more comprehensive analysis of the organizational environment and its processes, helping in decision making and in the strategic formulation to reduce bottlenecks and obtain quality.
Therefore, the force field technique helps in the effectiveness of processes, develops communication, reduces resistance to change in addition to creating a positive culture for development.
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Explanation:
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Identify which of the following are primary activities and which are support activities in a value chain.
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Answer: Marketing and sales and service
Explanation:
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Answer:
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Answer:
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If you we’re running a company describe at least two things you would do to improve its productivity
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Answer:
1. Have standing meeting.2.Create the ultimate break room.Why you should be flexible when using a different email system?
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The person should be flexible in using the email system in order to increase the productivity, to improve security and to enhance competitiveness.
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Through the flexibility in the application of the email system the users can enhance the competition by using the new technology. It also increases the productivity as the knowledge of the different email system provides various features to the users.
It also helps in securing the data and important information from the phishing attack.
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It would be too costly to launch a competing business To establish Oligopoly in the market.
What is a market?
The entire number of buyers and sellers in the area or region under consideration is referred to as the market.
A market structure known as an oligopoly has a small number of enterprises, none of which can prevent the others from having a large impact.
The market share of the major companies is calculated using the concentration ratio.
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Windsor, Inc. uses a periodic inventory system. Details for the inventory account for the month of January 2022 are as follows: Units Per unit price Total Balance, 1/1/2022 260 $4.00 $1040 Purchase, 1/15/2022 130 ..4.60 598 Purchase, 1/28/2022 130 ..4.70 611 An end of the month (1/31/2022) inventory showed that 210 units were on hand. If the company uses FIFO and sells the units for $9 each, what is the gross profit for the month? $1890 $1270 $1520 $2790
Answers
Windsor's gross profit for the month is:C. $1520.
Gross profitFirst step
January purchase:
Purchase= 130 - (210 - 130)
Purchase=130-80
Purchase= 50 units
Sales revenue= (260 + 50) x 9
Sales revenue=310×9
Sales revenue= $2,790
Second step
Cost= (260 x 4) + (50 x 4.60)
Cost=1,040+230
Cost= $1,270
Third step
Gross profit:
Gross profit= 2,790 - 1,270
Gross profit= $1,520
Therefore the correct option is C.
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Help solve the blanks
Answers
Here is the completed table:
Labor Total Product Marginal Product Average Product
0 0 N / A N / A
1 10 10 10
2 25 15 12.50
3 45 20 15
4 63 18 15.75
5 75 12 15
6 80 5 13.3
7 80 0 13.3
8 68 - 12 8.50
How to determine the total product, marginal product and average product?The total product is determined by multiplying the average product by the number of labor. Total product of a labor can also be determined by adding the marginal product of that labor with the total product of the preceding total labor.
Blank 1 : 10 x 1 = 10
Blank 5: 25 + 20 = 45
Blank 7: 15.75 x 4 = 63
Blank 9: 63 + 12 = 75
Blank 13: 80 + 0 = 80
Blank 15: 8.50 x 8 = 68
Marginal product is the change in total product when labor is increased by 1.
Blank 2 : 10 - 0 = 10
Blank 3 : 25 - 10 = 15
Blank 8: 63 - 45 = 18
Blank 11: 80 - 75 = 5
Blank 16: 68 - 80 = - 12
Average product is the total labor divided by the total labor.
Blank 4: 25 / 2 = 12.50
Blank 6: 45 / 3 = 15
Blank 10: 75 / 5 = 12
Blank 12: 80 / 6 = 13.33
Blank 14 : 68 / 8 = 8.50
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Answers
Getting the sums of the Total revenues (TR) and subtracting the Total Cost (TC) from it will allow to derive the total economic profit or loss in the given table.
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Answer:
A IS THE CORRECT ANSWER. .
The correct option is A. a certification mark.
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Question 23
Investment gains earned during an initial time period are then put to work in the second time period earning additional
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A) Debt
B) Principal
C) Interest
(D) Compound growth
Questions Filter (40)
K First < Previous
4.75 Points
Next > Last >
Continue
Answers
The concept of reinvesting investment gains is called compound growth.
What is compound growth?
Compound growth is when both the amount invested and the investment gains already accrued increase in value because both amount are reinvested back in the venture. Compound growth ensures a faster growth in investment returns when compared with not reinvesting investment gains.
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Tesla is the company is the best one people wish to invest for next 3 decades, based on its management, product or business model, financial condition, consistent past and potential earning.
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What is lean digital?Lean Digital is a technique that firms use to apply lean concepts to the creation of new digital products.
The principles of lean digital are:
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Question Completion with Answer Options:
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robotics process automation to artificial intelligence.
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hence, Difficulty in terms of management of an organization as there is the involvement of overlapping teams, more information, and multiple managers is one of the major disadvantages of matrix organization structure.
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Biltmore Corporation uses the weighted-average process costing method. During
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conversion cost equivalent unit was $5. Biltmore completed and transferred
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this information to determine the number of units that were transferred from the
Work in Process. Round answer to closest dollar (do not enter cents).
Answers
The number of units that were transferred from the Work in Process is 12,500
What is the quantity of finished output transferred from work in process to finished goods?
In the first place, each unit of completed output would require direct material which costs $11, and conversion cost(the cost of labor for converting the direct material to finished product).
In essence, each complete unit is worth $11 plus $5 i.e. $16
The total cost of completed and transferred output is the total cost per unit, $16, multiplied by the number of units completed and transferred
cost of completed and transferred output=total cost per unit*units transferred
cost of completed and transferred output=$200,000
total cost per unit=$16
units transferred=unknown(assume it is X)
$200,000=$16*X
X=$200,000/$16
X=12,500(units)
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In the scor model, purchasing is represented by
Answers
A leverage by is one where there is.
Select all that apply.
Select each of the benefits of being financially responsible.
having more opportunities
earning more money
paying higher interest rates for loans
having a good credit score
being rejected for loans
being prepared for emergencies
paying lower interest rates on credit cards
gaining independence
Answers
Answer:
having more opportunities
earning more money
having a good credit score
being prepared for emergencies
paying lower interest rates on credit cards
gaining independence
Explanation:
A written communication between two departments of a company would be made by ??
Answers
A written communication between two (2) departments of a company would be made by memo.
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This ultimately implies that, a written communication between two (2) departments of a company would be made by memo.
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Please use the following baseline information:
Company ABC is offering bonds to investors to pay for its corporate expansion.
Par value: $1,000 per bond
Coupon rate: 5 percent per year (fixed rate)
Maturity: 10 years
At the end of 10 years, the bondholder would have received the following amount in total:
$15,000.
$1,000.
$5,000.
$1,500.
(I know it’s not $5,000)
Answers
Answer:
The coupon rate would have been 5 percent, which means the bond would have paid out the full $15,000 over 10 years.
Explanation:
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The sample mean is most likely going to be 15.8kg because the population mean,, is proven by statistics to be equal to the mean of the sample distribution of x. This is further explained below.
What is sample mean?Generally, Since the population mean,, is statistically shown to be equal to the mean of the sample distribution of x, we can confidently predict that the sample mean will be 15.8kg.
In conclusion, The mean of a group of data points. The sample mean is a useful statistic for computing the central tendency, standard deviation, and variance of a data collection.
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Identify the "3" laws, rules, and regulations in law of business
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The antitrust law is the set of federal and state laws whose purpose is to regulate the conduct of companies in order to establish rules for legal business practice and regulation on securities.
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Therefore, business law is essential for the maintenance of legality and ethics in a competitive business environment, instituting protection in several important areas, such as socio-environmental responsibility and workers' rights.
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A firm can produce 1,000 bushels of wheat per year with two workers or 1,300 bushels of wheat per year with four workers. The marginal product of the 4th worker is _____ bushels. {Hint: Find the formula for MP.]
Answers
The marginal product of the fourth worker is 150 bushels of wheat.
What is the marginal product?Marginal product is the change in the total product of labour when labour is increased by one unit.
Marginal product = change in output / change in labour
change in output = 1300 - 1000 = 300
change in labour = 4 - 2 = 2
300 / 2 = 150
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what is Service Marketing Environment??
Answers
Answer:
The service marketing environment refers to all internal and external factors, which directly or indirectly influence the organization's decisions related to marketing activities. Internal factors are within the control of an organization; whereas, external factors do not fall within its control.
Explanation:
tying financial models to strategies of a business helps generate more insightful analyses
Answers
Tying financial models to strategies of a business helps generate more insightful analyses. Therefore, it's true.
What is a financial model?It should be noted that financial modelling is the representation of a company's operations to achieve a desired goal.
In this case, tying financial models to strategies of a business helps generate more insightful analyses. Therefore, it's true.
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After a different vice president is assigned to head the division for the second time in five years, Maria’s job as a middle manager does not really change. She carries out the same tasks, attends the same meetings, and sends in the same reports to the new vice president as she always does. What can be accurately determined about this organization?
Answers
The thing that can be accurately told about the organization is that high authority is not much responsible, and they do not consider the eligible candidate for promotion in the company.
What is promotion?Promotion is the upgrade of the post from the low profile than before the person get the promotion is upgraded into a new profile that they are eligible for. Promotion also gives the encouragement and motivation to the people.
Thus, organization is that high authority is not much responsible.
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Trial Balance Practice
Cole Hernandez, owns a business named Ceco Co. with the following ledger accounts as of June 30, 2020
Instructions:
1. Prepare a trial balance for Ceco Co. as of June 30, 2020.
2. Remember to write in the full three-line heading and put the accounts in the proper order.
Account Balance
A/P - Batt Inc. $785.00
A/P - Parker Products 1000.00
A/P - Nishi Co. 1200.00
A/R - R. Tamo 3500.00
A/R - G. Slaught 1124.00
A/R - P. Onno 850.00
Automobile 22800.00
Bank Loan 25000.00
Cash 5000.00
C. Hernandez, Capital 32224.00
Equipment 25350.00
Supplies 1585.00
Answers
The preparation of the Trial Balance of Ceco Co. from the ledger accounts as of June 20, 2020, is as follows:
Ceco Co.
Trial BalanceAt June 30, 2020
Accounts Debit Credit
Cash $5,000.00
A/R - R. Tamo 3,500.00
A/R - G. Slaught 1,124.00
A/R - P. Onno 850.00
Supplies 1,585.00
Automobile 22,800.00
Equipment 25,350.00
A/P - Batt Inc. $785.00
A/P - Parker Products 1,000.00
A/P - Nishi Co. 1,200.00
Bank Loan 25,000.00
C. Hernandez, Capital 32,224.00
Totals $60,209.00 $60,209.00
What is a trial balance?A trial balance is a list of the ledger accounts balances at a particular date of the financial period.
The trial balance helps to show if accounts have been correctly recorded according to the double-entry system.
Thus, the above trial balance shows the ledger accounts balances of Ceco Co as of June 30, 2020.
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Answers
The human resources department is responsible to look after the regulations concerning the treatment of employees.
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What is the answer to this question
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According to the context, it can be inferred that the word that correctly completes the sentence is reaction (option C).
How to identify the missing word of the fragment?To identify the missing word of the fragment we must take into account the context, in this case it speaks of the 2020 pandemic in which many people were affected by not being able to work and required the help of others.
In this case, the retailers had a reactive attitude towards this situation because they decided to donate in response to the problems that the pandemic unleashed with the neediest people.
Note: The question is not readable in the image. Next is the question.
Some retailers have decided during COV.ID to donate a percentage of sales to programs that support those in need, such as food banks. These businesses could be said to have a _______ approach of social responsiveness during this per.iod.
OPTIONS:
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