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Question - Margil Industries has 40,000 shares of 9 percent cumulative preferred stock and 30,000 shares of common stock outstanding. Par value for each is $50. The company has paid no dividends for the past two years. This year, a $ 620,000 dividend is paid. Calculate how much of the $620,000 is paid to the common shareholders?
A firm with fixed costs of $12,000. The sales price is $5.50 per unit, while the variable costs per unit $2.30. What is the contribution margin per unit?
If $1,000,000 of 8% bonds are issued at 102 3/4, the amount of cash received from the sale is? $1,000,000./ $1,080,000./ $1,027,500
The first payment of principal and interest was made on July 1, 2020. How much is the gain on sale? How much is the accrued interest on December 31, 2020?
Red Bush and Green Tree are equal partners in Arbor Partnership. Each partner has contributed capital of $60,000 to the partnership and this is also their adjusted cost base for the partnership interest. Blue Grass wants to join the partnership as an..
Analysis and Interpretation of Profitability Balance sheets and income statements for 3M Company as follows. Consolidated Statements of Income Years ended December 31$ millions 2010 2009 2008. Compute net operating profit after tax for 2010. Assume ..
Finding the sample size of 95% level confidence - Find the sample size needed
The handset can be separately sold by PLDC for a price of 20,000. How much of the transaction price is to be allocated to the wireless plan
Prepare the end of year adjusting entry that Jody Ltd must have recorded for the current income tax expense. Current Income Tax Expense $245 000
In a statement of cash flows, a change in prepaid expenses would be classified as a. An operating activity b. A financing activity c. An investing activitiy d. A noncash item that need not appear on the statement of cash flows
Find the amount that, in your judgement, Newark Ltd should recognise as a provision as at 30 June 2020. Justify the approach
A promissory note with a face value of P500,000 has 45 days until maturity. If the relevant yield is 7% then what is the current price of this promissory note?
If the company's stock currently sells for $25 per share and a 20 percent stock dividend is declared, how many new shares will be distributed
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