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generalche22
accounting question regarding dividends. How would you calculate cash dividends based on the given info?
Stockholder's equity accounts balances on January 1 2010:
Preferred Stock (8%, $100 par noncumulative, 5,400 shares authorized) $324,000
Common Stock ($5 stated value, 306,000 shares authorized) 1,066,000
Paid-in Capital in Excess of Par Value - Preferred Stock 16,980
Paid-in Capital in Excess of Stated Value - Common Stock 481,380
Retained Earnings 692,170
Treasury Stock - Common (5,400 shares) 43,200
During 2010 the corporation had these transactions and events pertaining to its stockholders' equity.
Feb. 1 Issued 5,400 shares of common stock for $32,400.
Mar. 20 Purchased 1,190 additional shares of common treasury stock at $7 per share.
Oct. 1 Declared a 8% cash dividend on preferred stock, payable November 1.
Nov. 1 Paid the dividend declared on October 1.
Dec. 1 Declared a $0.80 per share cash dividend to common stockholders of record on December
The question I'm stuck on is the Dec. 1 transaction. How do you calculate those dividends?
1 AnswerOther - Business & Finance1 decade agoAccounting question on statement of cash flows: What should depreciation expense be based on the given info?
2. During the year equipment was sold for $13,838 cash. This equipment cost $29,304 originally and had a book value of $13,838 at the time of sale.
3. All depreciation expense is in the selling expense category.
4. All sales and purchases are on account.
property, plant and equipment account had a balance of 97680 in 2010 and 126984 in 2006 on the balance sheet.
the selling expense has a balance of 29304 in the income statement.
1 AnswerOther - Business & Finance1 decade agoHow do you find the sales tax on the following question?
Sold 590 units of a new product on credit at $49 per unit, plus 5% sales tax.
I thought it was (49*590)*.05= 1445.5 but when I submit that as the answer it says it's wrong.
1 AnswerUnited States1 decade agoHow do you calculate preferred stock dividends given the following limited info?
Cash = 30,000
Receivables (net) = 72,500
Inventory = 200,000
Accounts payable = 50,000
Notes payable = 30,000
Common stock, $100 par = 400,000
Retained earnings = 113,500
Additional information:
1. The inventory turnover is 4.4 times.
2. The return on common stockholders' equity is 18%. The company had no additional paid-in capital.
3. The receivables turnover is 11.2 times.
4. The return on assets is 16%.
5. Total assets at December 31, 2009, were $605,000.
1 AnswerOther - Business & Finance1 decade agoHow to calculate common shares outstanding if you are given the par value, the paid in capital and the ...?
balance on the common stock account?
Here is the specific problem I'm trying to figure out:
Common stock, $100 par balance = $400,000
additional paid-in capital
what is the common shares outstanding?
1 AnswerOther - Business & Finance1 decade agoCan you figure out what this current ratio is (Accounting question)?
In the following, question b is what I'm having trouble with. I get 1.02 but apparently that's wrong.
Lancer Boutique reported the following financial data for 2010 and 2009.
LANCER BOUTIQUE
Balance Sheet (partial)
September 30 (in thousands)
2010 2009
Current assets
Cash and short-term deposits $3,280 $1,558
Accounts receivable $2,379 $1,765
Inventories $1,611 $1,582
Other current assets $346 $209
Total current assets $7,616 $5,114
Current liabilities
$5,676 $3,920
(a) Calculate the current ratio for Lancer Boutique for 2010 and 2009. (Round all ratios to 2 decimal places, e.g. 2.25.)
2010 1.34 : 1
2009 1.30 : 1
(b) Suppose that at the end of 2010, the Lancer Boutique used $1.8 million cash to pay off $1.8 million of accounts payable. Compute the new current ratio.
1 AnswerOther - Business & Finance1 decade agoI have just realized that I am in the wrong major, but I'm about to start my senior year. What should I do?
I am currently a computer science major and after three years of college I have realized that this is not for me. I sort of knew this all along but stuck with it because I didn't know what I wanted to do. However now I do know what I want to do, I want to go into accounting. The problem is that I am about to start my senior year. The reason that it's a problem isn't because I'll have to be in college for another two to three years. No, the problem is that I don't know how I will pay for it. I am currently on financial aid through FAFSA and the way that works is that they pay for the first x amount of units. Usually you will be done with those units after four years if you are a full time student. So since that will not be an option soon what can I do? you may say just get a job and pay for it yourself but I have been unsuccessful in finding a job this whole time and the reason is because I have a disability that limits my motor functions. I can't pick up any job like being a waiter for example. So what should I do? Should I finish up what I'm doing and then come back to college after I find a job I will be miserable in? Or should I change my major while I have the chance and deal with the expenses later?
2 AnswersHigher Education (University +)1 decade agoIn the California State University system (CSU) who is in charge of deciding what classes get cut due to...?
Budget cuts?
1 AnswerOther - Education1 decade agoI sent an email from my Yahoo! email and got the response sent to gmail?
This is the second time it has happened and I can't seem to figure out why. I don't have any sort of mail forwarding set up on the Yahoo account so any idea why this might of happened? On the response email it even said "RE:" and the original subject.
1 AnswerOther - Yahoo Mail1 decade agoWhat is the proper way to make an in-text citation of census data using the MLA format?
I want to cite the African American population from the link below, how do I do that?
2 AnswersOther - Education1 decade agoCan you tell me whether the following code is pseudocode or if it is in a language what language is it?
-- Dmemory module (implements the data
-- memory for the MIPS computer)
LIBRARY IEEE;
USE IEEE.STD_LOGIC_1164.ALL;
USE IEEE.STD_LOGIC_ARITH.ALL;
USE IEEE.STD_LOGIC_SIGNED.ALL;
LIBRARY altera_mf;
USE altera_mf.atlera_mf_components.ALL;
ENTITY dmemory IS
PORT( read_data : OUT STD_LOGIC_VECTOR( 31 DOWNTO 0 );
address : IN STD_LOGIC_VECTOR( 7 DOWNTO 0 );
write_data : IN STD_LOGIC_VECTOR( 31 DOWNTO 0 );
MemRead, Memwrite : IN STD_LOGIC;
clock, reset : IN STD_LOGIC );
END dmemory;
ARCHITECTURE behavior OF dmemory IS
SIGNAL write_clock : STD_LOGIC;
BEGIN
data_memory: altsyncram
GENERIC MAP (
operation_mode => "SINGLE_PORT",
width_a => 32,
widthad_a => 8,
lpm_type => "altsyncram",
outdata_reg_a => "UNREGISTERED",
-- Reads in mif file for initial data memory values
init_file => "dmemory.mif",
intended_device_family => "Cyclone"lpm_widthad => 8
)
PORT MAP (
wren_a => memwrite,
clock0 => write_clock,
address_a => address,
data_a => write_data,
q_a => read_data );
-- Load memory address & data register with write clock
write_clock <= NOT clock;
END behavior;
1 AnswerProgramming & Design1 decade agoAlguno de ustedes ha recibido una webcam (camara de computadora) de un familiar de los EE.UU. y si funciono?
Yo vivo en los Estados Unidos y quero comunicarme con mi familia sobre Skype usando la camara. Por ahora ellos no tienen los fondos para comprar una camara asi que se las iba a mandar pero temo que pierda mi dinero si se las mando y no funcione en sus computadoras.
1 AnswerAccesorios1 decade agoIf I buy a Logitech webcam in the U. S. and send it to Mexico will it work down there?
I'm asking because I have family in Mexico and they have Skype and high speed internet but they just bought their computer and are still paying it off so right now they can't buy a webcam at the time. I bought one from Microsoft and didn't notice until I got home that where the barcode is it says "for use in the U. S. and Canada only". So has anybody had any experience on doing something like this?
2 AnswersAdd-ons1 decade agoWhy is Telemundo covering all the Mexican soccer games this year?
I have nothing against the announcers on this channel except that their voices were not meant to be for sport narration. They are so annoying, especially when they say "gol" for a long time. I liked it better when they were on Univision and Telefutura. While I'm at it I also get so annoyed that Telemundo shows the score for a few seconds every so often.
9 AnswersMexican Football (Soccer)1 decade agoSomebody signed me up for Netflix. I have no idea who or how. Now what?
Today I got a message from Netflix thanking me for signing up for a free trial. I did not do this. When I called to cancel it they said they had my credit card on file. Has my identity been stolen? Luckily both the address and credit card they had were not current, only the email address. What can I do to protect myself?
3 AnswersSecurity1 decade agoThe following c code has a bug/error in it can you find it?
Ok so I posted this earlier but didn't get any answers but that was probably because it was in the middle of the night and in the wrong category so I'll try again. Here is the code:
include <stdio.h>
#define MAX_LEN 10
char *LowerCase(char *s);
int main()
{
char str[MAX_LEN];
printf("Enter a string : ");
scanf("%s", str);
printf("Lowercase: %s \n", LowerCase(str));
}
char *LowerCase(char *s) {
char newStr[MAX_LEN];
int indeX;
for (indeX =0; indeX < MAX_LEN; indeX++) {
if ('A' <= s[indeX] && s[indeX] <= 'Z')
newStr[indeX] = s[indeX] + ('a' - 'A');
else
newStr[indeX] = s[indeX];
}
return newStr;
}
3 AnswersProgramming & Design1 decade agoCan you tell me what is wrong with the following c code?
struct node {
int count;
struct node *next;
};
int main()
{
int data = 0;
struct node *getdata;
getdata->count = data + 1;
printf("%d", getdata->count);
}
2 AnswersProgramming & Design1 decade agoPienso viajar a Argentina en el verano. Que lugares no recomiendan?
Asi como los gringos van a Tijuana y piensan que conocen a Mexico no quiero ir a una parte popular de Argentina por que temo que no sera la verdadera Argentina. Asi que por favor diganme que partes de Argentina son buenas para conocer y de que partes deberia alejarme?
3 AnswersOtros - Argentina1 decade agoWhy isn't this c code working?
include<stdio.h>
#include<stdlib.h>
// replace character 'search' with 'replace' in array "text"
char * char_replace(char * text, char * search, char * replace)
{
// ans_p will point to the beginning of the "text" character array
char * ans_p = text;
// iterate through every character within "text"
// stop when "text" is pointing to a null character
while(*text != '\0')
{
// if the two characters are equal ...
if (*(ans_p) == *(search))
{
// replace the character
*(ans_p) = *(replace);
}
// increment the text pointer
*text++;
}
return ans_p;
// return the pointer to the beginning of the array
}
// main function
int main()
{
// the string to search within is text[]
// the character to look for is *search
// the character to replace *search with is *replace
char text[] = "This is part 2 of the lab", * search = "2", * replace = "3";
// print statement before, should be "This is part 2 of the lab"
printf("before:\t%s\n", text);
// perform search and replace the 3 with a 2
char * new_string = char_replace(text,search,replace);
// print out the modified statement, "This is part 3 of the lab"
printf("after:\t%s\n", new_string);
return 0;
}
When I run it it outputs the same thing rather than changing it from 2 to 3.
1 AnswerProgramming & Design1 decade ago