ecan Theatre Inc. owns and operates movie theaters throughout Florida and Georgia. Pecan Theatre has declared the following annual dividends over a six-year period: 20Y1, $32,000; 20Y2, $64,000; 20Y3, $152,000; 20Y4, $176,000; 20Y5, $224,000; and 20Y6, $280,000. During the entire period ended December 31 of each year, the outstanding stock of the company was composed of 20,000 shares of cumulative, preferred 4% stock, $100 par, and 100,000 shares of common stock, $20 par. Required: 1. Determine the total dividends and the per-share dividends declared on each class of stock for each of the six years. There were no dividends in arrears at the beginning of 20Y1. Summarize the data in tabular form. If required, round your per share answers to two decimal places. If the amount is zero, please enter "0".

Answers

Answer 1

Pecan Theatre's total Dividends and per-share dividends declared on Cumulative Preferred Stock and Common Stock are summarized below:

Dividends Declared:

                        20Y1      20Y2         20Y3         20Y4           20Y5        20Y6

Total          $32,000  $64,000  $152,000  $176,000  $224,000  $280,000

Preferred Stock:

Total          $80,000   $80,000     $80,000  $80,000     $80,000    $80,000

Per-share  $4               $4                  $4            $4                $4               $4

Paid          $32,000   $64,000   $144,000  $80,000    $80,000    $80,000

Arrears     $48,000    $64,000            $0            $0                $0               $0

Common Stock:

Total         $0            $0              $8,000    $96,000   $144,000  $200,000

Per-share $0            $0                $0.08         $0.96         $1.44         $2.00

Data and Calculations:

Outstanding Stock:

20,000 shares 4% Cumulative Preferred Stock at $100 par value = $2 million

100,000 shares Common Stock at $20 par value = $2 million

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Related Questions

1. If the Economist offers print and web access separately in the market, what are the optimal prices for home

Answers

subscription and web access

Frank discovers that workers on the evening shift are consistently late, so he devises a new policy in which employees are only allowed three late clock-ins before they are terminated. These actions are part of the __________ function.

Answers

Considering the situation described above, Frank's actions are part of the " Controlling" function.

This is because the controlling function is one of the functions of management that deals with controlling and ensuring any deviations are dealt with, which demonstrates corrective action.

Thus, in this case, when Frank devises a new policy in which employees are only allowed three late clock-ins before they are terminated, this is an example of a Controlling function to ensure there is progress towards the organizational goals.

Hence, in this case, it is concluded that the correct answer is "Controlling."

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Answers

Awesome business answer

Which statement is false? The balanced scorecard aligns an organization's operational activities with its mission. The balanced scorecard focuses on these four primary areas: financial, customer, internal process, and learning and growth. The balanced scorecard measures, tracks, and reports on a balance of qualitative and financial data and metrics. The balanced scorecard ensures the organization's profitability aligns with director compensation and dividend expectations.

Answers

The balanced scorecard ia often known as a management system. The statement that is false is that The balanced scorecard ensures the organization's profitability aligns with director compensation and dividend expectations.

A balanced scorecard is set up so as to transform an organization's strategic goals into a number of performance objectives.

It is a strategic management performance measurements that helps firms to know and improve their internal operations so as to help their external outcomes.

Conclusively, It also helps in drafting organizational strategy.

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discuss in details what is the sources of finance in UAE?​

Answers

Answer:

loans, syndicated loans,the production of goods and provision of services related to petroleum, petrochemicals, aluminium and cement.

Explanation:

hope i t helped<3

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A disadvantage of the free cash flow valuation method is A. The free cash flow method is not used widely in practice. B. The terminal value tends to dominate the total value in many cases. C. The free cash flow method is not rigorous. D. The projection of free cash flows depends on earnings estimates.

Answers

The main disadvantage of the valuation method is that the terminal value tends to dominate the total value in many cases.

In a free cash flow valuation, the intrinsic value equals present value of its free cash flow and thus, the net cash flow is left over for distribution to stockholders and debt-holders in each period.

So, the disadvantage of the free cash flow valuation method is that the terminal value tends to dominate the total value in many cases.

Hence, the Option B is correct.

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Suppose that hiring a third worker at the campus coffee shop increases output from $135 per hour to $190 per hour. What is the marginal product of labor per hour from adding that third worker

Answers

Based on the information given the marginal product of labor per hour from adding that third worker is $55 per hour.

Using this formula

Marginal product of labor per hour  

=Change in sales/ Change in number of workers

Where:

Change in sales=($190 per hour-$135 per hour)

Change in number of workers=1

Let plug in the formula

Marginal product of labor=($190-$135)/1

Marginal product of labor=$55/1

Marginal product of labor =$55 per hour

Inconclusion the marginal product of labor per hour from adding that third worker is $55 per hour.

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On 1 January 2011 a company issued five-year fixed-interest bonds with a face value of $5 million, paying half-yearly coupons at 8.25 per cent per annum. Coupons are payable on 30 June and 31 December each year until maturity. On 15 September 2013 the holder of the bonds sells at a current yield of 8.63 per cent per annum. Calculate the price at which the investor sold the bond.

Answers

The price at which the investor sold the bond equals the Present Value of the Interest and the Face Value to be $4,975,447.20.

Data and Calculations:

Face value of bonds = $5,000,000

Interest rate = 8.25% per year

Half-yearly interst payment = $206,250 ($5,000,000 x 8.25% x 1/2)

Interest payment = half-yearly

Interest payment dates = June 30 and December 31

Interest paid on the bonds = $1,031,250 ($5,000,000 x 8.25% x 2.5)

Interest to be paid on the bonds = $1,031,250 ($5,000,000 x 8.25% x 2.5)

Current yield of the bonds = 8.63% per annum

PV of interests to be paid at 8.63% p.a for 2.5 years = $910,119.53

PV of bonds face value at 8.63% p.a for 2.5 years = $4,065,327.67

Price of the bonds = $4,975,447.20 ($4,065,327.67 + $910,119.53)

Thus, the investor sold the bond at $4,975,447.20.

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True or False: If the actual rate of inflation is 10%, the prices of goods and services increase relative to resource prices. In the short run, profit margins will increase and firms will cut back on output, which will cause layoffs, and increase unemployment.

Answers

Answer:

True

Explanation:

A transaction that takes place between two parties who hold
pre-existing connection prior to the transaction

Answers

A related party transaction
Give this a heart if that helps

Abardeen Corporation borrowed $113,000 from the bank on October 1, Year 1. The note had an 10 percent annual rate of interest and matured on March 31, Year 2. Interest and principal were paid in cash on the maturity date. Required a. What amount of cash did Abardeen pay for interest in Year 1

Answers

a. The cash that Abardeen pay for interest in Year 1 is $0.

b. Interest expense that was recognized is $2,825.

c The Total liabilities was reported is  $115,825.

d. The amount of cash was paid to the bank is $118,650.

e. The amount of interest expense was reported is $2,825.

a.  The  amount of cash that Abardeen pay for interest in Year 1 is $0 reason being that the interest matured on March 31, 2017.

b. Interest expense:

Interest expense=($113,000 x 10% x 3 months /12)

Interest expense=$2,825

c. Total liabilities

Total liabilities= $113,000 + $2,825

Total liabilities = $115,825

d. Cash that was paid to the bank on March 31, 2017:

Cash= $113,000 Principal +  ($113,000 × 10% × 6/12)] Interest

Cash= $113,000 Principal +$5,650 interest

Cash= $118,650

e. Interest expense reported on the 2017 income statement:

Interest expense=$113,000 × 10% ×3/12

Interest expense=$2,825

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12. What is the tendency of suppliers to offer more of a good at a higher price?

Answers

THE ANSWER TO THIS QUESTION IS JOE HAS A HIGHER ONE
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Interdepartmental politics is a major problem with __________________ communication.
a. upward
b. horizontal
c. downward

Which of the following actions can managers take to resolve this problem?
Check all that apply.

- Create dotted-line relationships to formalize communications.
- Establish goals for communication in advance.
- Focus communication on achieving a certain task or outcome.
- When creating teams, choose people with wide differences in rank within the organization.

Answers

Answer:

Interdepartmental politics is a major problem with horizontal communication.

✘ Create dotted-line relationships to formalize communications.

✔ Establish goals for communication in advance.

✔ Focus communication on achieving a certain task or outcome.

✘ When creating teams, choose people with wide differences in rank within the organization.

The increased demand for hair and skin care products with Argan oil illustrates how new product ideas can come from unexpected sources.

Answers

It is true that the increased demand for the products made with Argan oil shows how new product ideas can come from unexpected sources.

Basically, the Argan oil is derived from the kernels of argan tree.

Different brainstorm of new idea of product by beauty and skin care lead to the invention of use of the Kernel for extraction of the Argan OIl.

It is very fortunate that the organic product seems likable by consumers, thus, leading to increased demand for product made from the Argan OIl.

Therefore, in conclusion, it true that the increased demand for the products made with Argan oil shows how new product ideas can come from unexpected sources.

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What type of person-fit in the workplace is related to the fit between the wants and needs of an individual and the characteristics of their job

Answers

A Person-job fit is the type of person-fit related to the fit between the wants/needs of an individual and the characteristics of their job

A person-job fit refers to the compatibility between an individual and the job that they perform based on the employee needs.

In other word, the Person–job fit refers to the the degree of alignment between the individual (employees) and the job/task he is performing.

Hence, the Person-job fit is the type of person-fit related to the fit between the wants/needs of an individual and the characteristics of their job

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How Does The State Of Competition Among hotels

Answers

The state of competition may be affected by the structure of the market, regulations, ownership, the nature of products, and the behaviours of certain economic agents. Central concepts to describe the state of competition include: Market power, or the ability of firms to charge prices above competitive levels.

Which statement best describes the Federal Deposit Insurance Corporation's (FDIC) requirements for auditor independence

Answers

Every organization has its own rules. The statement that best describes the Federal Deposit Insurance Corporation's is that The FDIC has issued policy statements that address auditor independence in various contexts.

Independence in auditing needs integrity and an objective way in all audit process. It also requires the auditor to perform his or her task freely and in a focused way.

The Independence of the internal auditor is simply known as the freedom  from parties or people whose interests can be harmed by the outcomes of an audit.

See full question below

Which statement best describes an element of the Federal Deposit Insurance Corporation's (FDIC) requirements for auditor independence?

FDIC independence requirements incorporate requirements for attorneys and actuaries.

FDIC independence requirements mirror the AICPA and DOL independence rules.

The FDIC has issued policy statements that address auditor independence in various contexts.

The FDIC has adopted regulations that incorporate IESBA independence rules.

Previous question

Walmart, Target, and Costco are competitors. Target wants to gain a competitive advantage and increase its market share. What should Target NOT offer to achieve a competitive advantage

Answers

Since Target is interested in gaining a competitive advantage by increasing its market share against competitors, Costco, Target should NOT offer A. Increased shipping and handling fees.

If Target increases the fees for shipping and handling, it will lower its competitive advantage with customers. To improve its competitive advantage, Target should explore the other three options.

Options for the Question:

A. Increased shipping and handling fees

B. Low prices

C. Excellent customer service

D. A high-product quality

Thus, offering increased shipping and handling fees should not feature in the efforts of Target to gain a competitive advantage over Costco.

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Which of the following is the best advice for written communication that is highly important?

a. Use jargon
✔ b. Get a second opinion
c. Use pretentious language
d. Use technology channels to distribute the message
e. Keep it long

Answers

Answer:

"D" is the correct answer!

Explanation:

Written communication is the use of a printed message, such as letters, training manuals, memos, proposals and emails. Emails. memos etc are all technology channels or apps.

Statement that serves as best advice for written communication which very important is B:Get a second opinion.

Written Communication serves as the medium that us been utilized by sending of messages in writing form.

This kind of communication could be ;

 letters circulars manuals reports

When dealing with written communication it is important to seek second opinion for much clarity.

Therefore, option B is correct.

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A company purchased $4,600 worth of merchandise. Transportation costs were an additional $405. The company returned $315 worth of merchandise and then paid the invoice within the 1% cash discount period. The total cost of this merchandise is:

Answers

Answer:

The total cost of the merchanise is $5900

is a replacement for the lorenz curve which measures income inequality less accurately than does the

Answers

It should be noted that the replacement for the Lorenz curve that measures income inequality less accurately is the Gini coefficient.

The Gini coefficient simply means the Gini index. It's the single number that's used in demonstrating the degree of inequality that's in a distribution of income or wealth.

It's the distribution of income across a population. It measures income inequality less accurately than the Lorenz curve.

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SSG Cycles manufactures and distributes motorcycle parts and supplies. Employees are offered a variety of share-based compensation plans. Under its nonqualified stock option plan, SSG granted options to key officers on January 1, 2021. The options permit holders to acquire 12 million of the company’s $1 par common shares for $11 within the next six years, but not before January 1, 2024 (the vesting date). The market price of the shares on the date of grant is $13 per share. The fair value of the 12 million options, estimated by an appropriate option pricing model, is $3 per option. Required: 1. Determine the total compensation cost pertaining to the incentive stock option plan. 2. & 3. Prepare the appropriate journal entries to record compensation expense on December 31, 2021, 2022, and 2023. Record the exercise of the options if all of the options are exercised on May 11, 2025, when the market price is $14 per share.

Answers

1. The total compensation cost pertaining to the incentive stock option plan is $36 million.

2. & 3. The appropriate journal entries to record compensation expense on December 31, 2021, 2022, and 2023 are:

1. Total compensation expense

Total compensation expense=Total option× Fair value per option

Total compensation expense=$3×12 million

Total compensation expense= $36 million

2. SSG Cycles Journal entry

December 31, 2021

Debit Compensation expense $12 million

Credit Additional-paid in capital -Stock options $12 million

($36 million/3 years = $12 million per year)

(To record compensation expense)

December 31, 2022

Debit Compensation expense $12 million

Credit Additional-paid in capital -Stock options $12 million

($36 million/3 years = $12 million per year)

(To record compensation expense)

December 31, 2023

Debit Compensation expense $12 million

Credit Additional-paid in capital -Stock options $12 million

($36 million/3 years = $12 million per year)

(To record compensation expense)

3. May 11, 2025

Debit Cash $132 million

($11×12 million)

Debit Additional-paid in capital -Stock options $36 million

Credit Common stock $12 million

($1×12 million)

Credit Additional-paid in capital -excess par $156 million

($132 million+$36 million-$12 million)

(To record the exercise of stock option)

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Listed below are selected transactions completed by Ridge Company during March of the current year.
Mar. 5
10
13
15
Rendered services on account to Quinton Co., Invoice No. 92, $3,250.
Rendered services on account to Martin Inc., Invoice No. 93, $4,500.
Received $5,000 in payment of monthly rent, which was due on March 1.
Received payment from Quinton Co. for invoice of March 5.
Received payment from Martin Inc. for balance due on invoice of March 10.
Received amount due from Thomas Co. on sale made in February, $5,200.
Recorded cash from services rendered for cash during the month, $15,750.
19
20
31
a. Record the transactions (including the invoice number), using the accompanying revenue journal and cash receipts journal.
b. Total and rule the revenue and cash receipts journals.
1. For individual items and totals to be posted to the subsidiary ledger or not to be posted, select "Yes" in the Post. Ref. column or below
the totals.
2. For individual items and totals to be posted to the general ledger, select the letter "G" (as a substitute for specific account numbers)
in the Post. Ref. column or below the totals.
If an amount box does not require an entry, leave it blank.
Page: 10
ACCTS. REC. DR.
EES EARNED CR.
POST
REF.
DATE
ACCOUNT DEBITED
INVOICE NO.

Answers

Answer:19

Explanation:

Use your knowledge of management communications to select the three missing labels from the following image.

WORD BANK
Strategic Conversations
Methods
Purpose-Directed

Answers

Answer:

A. Purpose-directed: The communication conducted by the manager must be aligned with the culture and value system of the organization

I'm sure about this one but others I have not idea so far If I get it I'll upload then.

The phrase “communication management” refers broadly to the exchange of information between different businesses or inside one business. It focuses on achieving a company's target audiences through the development and execution of various communication strategies.

What use of knowledge of management communications?

Communication is crucial for self-expression. Additionally, it meets one's necessities. Effective communication is necessary for career advancement. Effective communication skills can make your personal life easier and improve your interactions with others by facilitating mutual understanding.

We mostly communicate verbally, nonverbally, in writing, and visually on a daily basis. It's best to actively listen, observe, and empathize when using any of these communication techniques.

Therefore, A Purpose directed, B Strategic Conversations C Methods.

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#SPJ2

Fastest way of making balance sheet

Answers

Answer:

Reporting Date and Period. ...

Identify Assets. ...

Identify Liabilities. ...

Calculate Shareholders' Equity. ...

Add Total Liabilities to Total Shareholders' Equity and Compare to Assets.

Answer:

Determine the Reporting Date and Period.

Identify Your Assets.

Identify Your Liabilities.

Calculate Shareholders' Equity.

Add Total Liabilities to Total Shareholders' Equity and Compare to Assets.

Explanation:

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Your employer is a social media company. Which situation best illustrates potential noncompliance with laws and regulations (NOCLAR), as proposed by the AICPA's Professional Ethics Executive Committee

Answers

If the social media company is in a situation that illustrates potential noncompliance with laws and regulations (NOCLAR) as proposed by the AICPA's Professional Ethics Executive Committee, a. The company's management is violating data protection laws.

The company's violation does not involve its largest vendor, contractor, or because the company's CEO has not filed his income tax returns for two years.

Thus, the management of the company may be violating data protection laws.

Question Options:

a. The company's management is violating data protection laws.

b. The company's largest vendor inadvertently violated data protection

regulations

c. The company's contractor has several violations on its record

d. The company's CEO has not filed his income tax returns for two years

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Answer:The company's management is violating data protection laws.

Explanation:If the company is violating the proposed guidelines by the AICPAS's professional ethics executive committee, such as disclosing client or employer information without consent, Thus, the management of the company is violating data protection laws.

Suppose you have $12,000 in your checking account. You withdraw $500 cash from your account and hide it under your pillow for future use. If the required reserve ratio is 10%, then what will be the maximum impact on money supply today as a result of your action

Answers

The maximum impact on money supply today as a result of your action is: Money supply will decrease by $4,500.

Required reserve= 10% × $12,000

Required reserve= $1,200

Loan= Total deposit - Required reserves

Loan= $12,000 - $1,200

Loan= $10,800

Money supply =1/.10×$10,800

Money supply=$108,000

Money supply before withdrawal is $108,000.

After withdrawal of $500:

Deposit= $12,000 - $500

Deposit= $11,500

Required reserve= 10% × $11,500

Required reserve=$1,150

Loan= Total deposit - Required reserves

Loan=$11,500 - $1,150

Loan= $10,350

Money supply=1/.10×$10,350

Money supply=$103,500

Decrease in money supply:

Decrease in money supply= $108,000 - $103,500

Decrease in money supply= $4,500

Inconclusion the maximum impact on money supply today as a result of your action is: Money supply will decrease by $4,500.

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TB MC Qu. 24-110 Alfarsi Industries uses the net present value... Alfarsi Industries uses the net present value method to make investment decisions and requires a 15% annual return on all investments. The company is considering two different investments. Each require an initial investment of $15,800 and will produce cash flows as follows: End of Year Investment A B 1 $ 8,800 $ 0 2 8,800 0 3 8,800 26,400 The present value factors of $1 each year at 15% are: 1 0.8696 2 0.7561 3 0.6575 The present value of an annuity of $1 for 3 years at 15% is 2.2832 The net present value of Investment A is: _________
a) $(15,800).
b) $(20,093).
c) $10,600.
d) $4,292.
e) $17,358

Answers

Answer:

5x+1

Explanation:

Ethan, a manager, says, “Email is a very efficient way of communicating, especially across time zones and to large numbers of people. Are there situations in which I shouldn’t use email?” You advise Ethan that he should not send an email in which of the following situations? Check all that apply.

✔ - To the coordinator of a conference when Ethan needs to cancel his appearance as the keynote speaker
- To all employees to announce upcoming development workshops
✔ - To another manager who has just commandeered the computer equipment Ethan needs to meet a critical deadline
- To suppliers in China to report weekly defects within acceptable limits

Answers

Answer:

Explanation:

To another manager who has just commandeered the computer equipment Ethan needs to meet a critical deadline

To the coordinator of a conference when Ethan needs to cancel his appearance as the keynote speaker

Answer:

✔ To the coordinator of a conference when Ethan needs to cancel his appearance as the keynote speaker

✘ To all employees to announce upcoming development workshops

✔ To another manager who has just commandeered the computer equipment Ethan needs to meet a critical deadline

✘ To suppliers in China to report weekly defects within acceptable limits

Explanation:

Ethan should not email people when he is angry, so he should not shoot off an email to the other manager who just took the computers Ethan needs. It is also better to use a richer, more personal channel of communication when cancelling a commitment or apologizing for something. Thus, Ethan should call the conference coordinator rather than sending an email. Other times email is not optimal are when the sender is criticizing the receiver or when the receiver is likely to interpret the message as criticism.

A weekly report of defects that are within acceptable limits can be sent by email, as can a routine announcement of development opportunities available to all employees.

EFT, Inc. wants to empower and engage its employees. They have several teams consisting of highly skilled employees and no one person on these teams has a specifically assigned position. Instead, employees lead each other as the occasion arises, so there is no formal hierarchy or organizational chart. This type of leadership is known as:____________
a) people-oriented leadership.
b) managerial leadership.
c) shared leadership.
d) servant leadership.

Answers

Based on the fact that the company wants to empower its employees by hiring a lot of highly skilled employees so that each employee leads each other, this type of leadership is known as a shared leadership

As a result of this, we can see that there is a shared leadership where there is no formal hierarchy or organizational chart because each person leads each other as the occasion arises and they are not assigned a specific position.

Therefore, the correct answer is option C

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Jayden needed glovesand bought 2 packagesof gloves. There were 5pairs in each package.He added this to the 3pairs of gloves healready owned. Howmany gloves did Jaydennow own? According to Robert Sternberg, when two people share a loving, sexually vibrant, long-term relationship, this is called __________. Since he is the next in line for the throne, Prince William must attend formal gatherings nearly every day. Such gatherings represent: Question 3 options: proactivity. discontinuity. environmental press. an example of competence. 2. How many of valence electrons do the elements in column 4 have? Are these elements very reactive?Explain your answer. How did slavery develop in america in your own words. 5-10 sentences Jacks truck had used 30 gallons of fuel from a 50 gallon tank. What percentage was used? * Which line is perpendicular to the line x =?O A. X = -2yB. y = - 2xOC. X = -2OD. y = 2 what is the difference between an earthflow and a debris flow? Which of the following is an equivalent form of the compound inequality ben put 1000 into a savings account. the interest rate was compound at 0.65% per year. at the end of x years he had made 53.20 in interest show that x=8 one third of the result of three times a number that is increased by 12 Hurry I will give brainlyest!!!!What are the factors of this expression?34xyDrag all of the factors of the expression into the box.Factors3/4 -1 3 4 x y Question 4 of 30Find the domain of the graphed function. Multiple-choice questions on advanced placement exams have five options: a, b, c, d, and e. A random sample of the correct choice on multiple-choice questions on a variety of ap exams1 shows that b was the most common correct choice, with of the questions having b as the answer. Does this provide evidence that b is more likely to be the correct choice than would be expected if all five options were equally likely? show all details of the test. The data are available in apmultiplechoice. Text: They had this machine . They had two machines really. One of them slid down into your stomach like a black cobra down an echoing well looking for all the old water and the old time gathered there. It drank up the green matter that flowed to the top in a slow boil. What is said? how is it said? what moves does the author make? and why is it said? what is the authors purpose here? why include this portion of the text? what is the name of the tiny green alien on the flintstones? When analyzing art and culture, anthropologists discuss different types of gazes, or ways of viewing and thinking about artwork. Identify which of the When 36x^4 + 12x^8 is divided by 12x^4, the result is Which of the following employees derives their income from a fee for the items sold?a. commissionb. piece rateC. salariedd. tiput Please help reasons Africans were chosen as slaves. for my history class