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Question: The outstanding share capital of Flounder Corporation consists of 3,135 preferred shares and 7,125 common shares for which $256,500 was received. The preferred shares carry a dividend of $6 per share and have a $100 stated value. Assuming that the company has retained earnings of $84,000 that is to be entirely paid out in dividends and that preferred dividends were not paid during the 2 years preceding the current year, state how much each class of shares should receive if the preferred shares are non-cumulative and non-participating. Preferred Common Total Dividends
You are managing a company that stocks and distributes hardware. Using the EOQ formula, how many hammers should be ordered at one time?
Anne would like to purchase a new car for $45,000. How much will his monthly payments be if he took out a 5-year loan at 6% interest?
What considerations should the owners make in this termination? Should they consider making an S election and then later, terminating the S corporation? If you were their tax advisor, what would you recommend?
decision on closure of one of the units with the help of decrease in net income.the most recent monthly income
The technology companies use to develop new software for their customers, how should apply the rules for capitalization of software development cost?
Why do you think small business owners are under-reporting so much more than the large corporations? Explain why these figures may (or may not) surprise you.
Fiber Systems manufactures an optical switch that it uses in its final product. The switch has the following manufacturing costs per unit: Prepare an outsourcing analysis to determine whether Fiber Systems should make or buy the switch.
s. a. harrington company is a u.s.-based company that prepares its consoli- dated financial statements in accordance
Assuming an interest rate of 6 percent, how large a payment would you accept today for this future stream of income?
How much should the company charge as an average premium so that it breaks even on its claim costs? Calculate the expected value.
Write up and balance the Rent Payable, Prepaid Rates, and Prepaid Insurance accounts in the ledger of Wendy's Lawnmowing Services for the year
Which utilization of assets would be the? Which a association's working cycle is equivalent to its stock turnover in days (ITD)? plus its receivable turnover
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