Answer:
$8,000 preferred; $22,000 common
Explanation:
Ultimate sportswear has $100,000 of 8% noncumulative stock, preferred outstanding stock
They also have $500,000 of common stock outstanding
The company made a cash dividend payment of $30,000
Therefore the preferred stock dividend and common stock dividend can be calculated as follows
Preferred stock dividend
=$100,000×8/100
= $100,000×0.08
= $8,000
Common stock dividend= $30,000-$8,000
= $22,000
Hence the preferred stock dividend is $8,000 and the common stock dividend is $22,000
A clause which provides for deeds to portions of land to be conveyed as certain percentages of the contract price are paid, is :
Answer: partial release clause
Explanation:
The partial release clause is regarded as a clause which provides for deeds to portions of land to be conveyed as certain percentages of the contract price are paid.
The partial release clause simply states that when the balance on a mortgage has been paid to a particular amount, the lenders will have to release a parcel.
Under the Uniform Securities Act, which of the following negates a client's right to a civil suit for damages?
I. The advice that is the subject of the suit was given more than 3 years ago
II. The client has died
III. The client willingly signed a statement waiving the adviser's compliance with the provision of the act on which the suit is based
Answer:
I
Explanation:
The Uniform securities act is a framework that serves to protect investors as it guides the states securities regulation in managing security related fraud and also helps the security exchange commission's enforcement and regulation .
It allows the clients right to civil suit for damages under certain conditions except a situation such as when the advice that is the subject of the suit was given more than three years ago.
A civil suit can only be filed on the earlier of "within 3 years of the alleged infraction or 2 years of the discovering of the violation"
Which kind of guitar has a hollow body (it does not require electric amplification) and uses metal strings?
Answer:
Electric Guitar
Explanation:
An electric guitar is a guitar that requires external amplification in order to be heard at typical performance volumes. It uses one or more pickups to convert the vibration of its strings into electrical signals, which ultimately are reproduced as sound by loudspeakers.
Any individual who, for compensation or gain, takes a residential mortgage loan application or offers or negotiates terms of a residential mortgage loan application, must be licensed as a
Answer:
Any individual who, for compensation or gain, takes a residential mortgage loan application or offers or negotiates terms of a residential mortgage loan application, must be licensed as a Commercial Mortgage Banker License
Explanation:
A company Issued 35,000 shares of $.50 par value common stock at $25.50 per share. The journal entry to record this transaction is:
Answer:
Cash $892,500 (debit)
Common Stock $17,500 (credit)
Share Premium $875,000 (credit)
Explanation:
For par value shares, any price paid above the par value on stock issued is accounted for in the Share Premium Reserve.
Note from this question $25 is paid over and above the par value of $0.25, thus it is accounted in share premium reserve.
Journal entries are the entries that are recorded to maintain the daily record of the cash inflow and outflow of the firm. The inflow and outflow is recorded in order to avoid chaos in the accounting of the firm.
The Journal entry to record the above transaction is:
Cash $892,500 (debit)
Common Stock $17,500 (credit)
Share Premium $875,000 (credit)
(Being the entry for the issue of stock has been recorded)
Whatever amount paid far above common shares on stock issued is accounted for in the Owner's Equity Reservation for par value shares.
Because $25 is paid over and above the par value of $0.25 in this question, it is compensated for in the share premium reserve.
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Buffalo Company purchased a machine on July 1, 2018, for $29120. Buffalo paid $208 in title fees and county property tax of $130 on the machine. In addition, Buffalo paid $520 shipping charges for delivery, and $494 was paid to a local contractor to build and wire a platform for the machine on the plant floor. The machine has an estimated useful life of 6 years with a salvage value of $3120.
Determine the depreciation base of Buffalo new machine. Blue uses straight-line depreciation.
Depreciation base $
Answer:
Depreciation base = $27352
Explanation:
The depreciation base is the term used to refer to the value of the asset that qualifies for depreciation. This is generally the cost of the asset less any amount for salvage value or residual value of the asset.
Depreciation base = Cost - Salvage value
We first need to determine the cost of the machine. The cost of the machine will include the purchase price of the machine plus any cost incurred to bring the machine into the condition and place of its intended use.
Thus, the cost of the machine will be,
Machine Cost
Purchase price 29120
Title fees 208
Property tax 130
Shipping charges 520
Site preparation cost 494
total cost 30472
Depreciation base = 30472 - 3120
Depreciation base = $27352
If a Veteran wanted to buy a $60,000 house in a city with a population of 100,000 people, which of the following loans could he NOT apply for?
a. VA loan
b. FHA loan
c. RECD loand. Conventional loan
Answer:
RECD loan
Explanation:
RECD , an acronym for rural economic development loan is a type of loan, either guaranteed or direct, specifically meant for the funding of rural projects by utilizing organizations , with creation and retention of rural jobs as one of its benefit.
A city with a population of 100,000 people is apparently not mis-classified as a city. , and on that note , RECD is not applicable to it.
The other types of loans like the VA and the conventional loans can be utilized to finance the acquisition of properties in a city settlement.The FHA can also acts as an insurance .
The survival principle states that A. the only firms that survive are those that maximize profits. B. firms must undertake social objectives to survive. C. the only firms that survive are those that maximize revenue. D. managers who fail to maximize profits should be disciplined.
Answer:
The survival principle states that
A. the only firms that survive are those that maximize profits.
Explanation:
Profit maximization is important for a firm to survive. Without profit maximization, firms fail. Profits impact share price, business growth, and short-term and long-term survival. Profits reduce debt burden, and increase capital investments and acquisitions. Without profits, a firm cannot pay dividends or repurchase shares. Profit is at the center of a firm's survival. Even Baumol's theory of sales maximization states that it is only when an acceptable level of profit has been achieved that a firm can shift its focus away from profits to revenue maximization. This emphasizes the importance of profit maximization. Profit maximization also contributes to the maximization of cash flows.
The ________ states that the terms of a written contract may not be changed by evidence of any prior agreement but may be explained or supplemented
Answer:
Parol evidence rule
Explanation:
Parole evidence rule is a provision of the law that limits the extent to which a present agreement under consideration can be modified by previous agreements.
For example if two parties make an agreement and put it in writing as a contract, this law does not allow previous agreements like an oral agreement to be introduced to modify the contract under consideration.
Any prior agreement cannot be used to interpret the present one.
Myles, a typesetter, tried to organize a union in his nonunion printing shop. A year and a half ago a vote rejected unionization. Now he has secured authorization cards signed by 100 of the 200 workers. What else does he need to do before having another union election
Answer: Petition NLRB for an election
Explanation:
Unions are one of the forms to bring reform in most societies and organization. This consist of people working in an organization or society and want to see a better results from the existing they have always known. For this change to be carried out despite the union, there needs to be an election and for that election to hold the body that forms the organization has to give an approval for such. This is called petitioning.
During a recession, the government spends $100 million to stimulate the economy. If the marginal propensity to consume is 0.8, what will be the potential increase in income in the economy as a result of the government increase in the spending level
Answer:
Potential increase in income = $500 million
Explanation:
Expenditure Multiplier is the amount by which the real GDP will change if autonomous expenditure changes by a given amount.
The real GDP will change in greater proportion or magnitude as a result of a unit change in any of the component aggregate expenditure. This is called the multiplier effect
The expenditure multiplier is calculated as follows: 1/(1-MPC).
MPC is the portion of additional income that is spent. If the MPC is 0.8, then the expenditure multiplier will be = 1/(1-0.8) = 5
Using the with an date from the question in government spending by $million, the resulting change in GDP would be
Change in GDP = change in autonomous expenditure × Multiplier
= 100 × 5 = $500 million
Potential increase in income = $500 million
"An officer of a company has been invited by a large mutual fund company to give a talk to the fund company's analysts about its business plans and prospects. At the talk, the officer inadvertently discloses material information that could affect the stock's price. Which statements are TRUE?"
Complete/Correct Question:
An officer of a company has been invited by a large mutual fund company to give a talk to the fund company's analysts about its business plans and prospects. At the talk, the officer inadvertently discloses material information that could affect the stock's price. Which statements are TRUE?
I A public announcement of the news must be made within 24 hours
II A public announcement of the news must be made within 10 business days
III The company must file an 8K with the SEC disclosing the information to avoid insider trading liability
IV The company must file a 10K with the SEC disclosing the information to avoid insider trading liability
Answer:
i and iii
Explanation:
Under the Securities Exchange Act of 1934, insurance coverage for a customer accounts at any broker-dealer must be provided by the Securities Investor Protection Corporation, SIPC. Also,broker-dealers that handle non-exempt securities must be registered
By the above statements, if a a bank has customers that have both exempt and non-exempt securities, such bank is mandated to register as a broker-dealer according to the Securities Exchange Act of 1934 and as a matter of fact register under SIPC.
Cheers.
"The market price average is decreasing daily; however, the level of declines relative to advances is falling. The market is reaching a(n):"
Answer:
This question is incomplete, the options are missing. The options are the following:
A) Overbought condition.
B) Oversold condition.
C) Breakout on the upside.
D) Breakout on the downside.
And the correct answer is the option B: Oversold condition.
Explanation:
To begin with, the name of "Oversold Condition" refers to the situation where the price of an asset has reach a certain level that is relative low in comparison with the prices that it has have before. That situation can last for a long period of time so the most prudent way to act in the eyes of a trader is to wait until the price base out and start increasing.
So that situation in where the market price average is decreasing and reaching to its bottom is called Oversold Condition.
Assume that the standard cost to make one unit of product includes 12 units of raw materials at a price of $2 per unit. In Aug, 17,000 units of raw materials were purchased for $50,800, and 12,300 units of raw materials were used to produce 1,000 units of finished product.
What is the materials quantity variance?
a) $1,200 (U)
b) $ 600 (U)
c) $ 600 (F)
d) $1,800 (U)
Answer:
Direct material quantity variance= $600 unfavorable
Explanation:
Giving the following information:
Standard= 12 units of raw materials for $2 per unit.
Actual: 12,300 units of raw materials were used to produce 1,000 units.
To calculate the direct material quantity variance, we need to use the following formula:
Direct material quantity variance= (standard quantity - actual quantity)*standard price
Standard quantity= 12*1,000= 12,000
Direct material quantity variance= (12,000 - 12,300)*2
Direct material quantity variance= $600 unfavorable
What step in the investigative process would the development of timelines and interpretation of burn patterns be related to?
Answer:
Data Analysis
Explanation:
During a fire outbreak which could be accidental or incidental, information is first collected both from witnesses and observation. After this, timelines are developed in a bid to develop inductive reasoning as to the patterns in the timing of the fire outbreak. Burn patterns are also analyzed to provide an indication as to the origin and cause of the fire.
It is important that the timelines and patterns being analyzed are based on facts that are verifiable and not speculations. This is important because working with incorrect information would lead to the development of the wrong hypothesis.
Architecture drafter
The sogo shosha of Japan:_______
a. proactively and continuously seek export opportunities for their affiliated companies.
b. exclusively serve the largest and most prestigious companies in Japan.
c. have offices concentrated in the business district of Tokyo.
d. have monopolized the export market in the country.
e. consider export only when there is excess production at home.
Answer:
the answer is A proactively and continuously seek export opportunities for their affiliated companies
The amount of increase or decrease in cost that is expected from a particular course of action as compared with an alternative is:
Answer:
Differential cost
Explanation:
Differential cost is defined as variance in cost that will be incurred between two courses of action. This is used to evaluate the best option of two investments under consideration.
The option that has more revenue will have less cost. So differential cost calculation is used to determine line of action that will bring least cost.
For example if one alternative action will entail use of a warehouse of $30,000, and the alternative is to use just in time inventory practice thereby requiring $10,000 in storage cost.
The best option is the just in time option
Gracey's Department Stores has $200,000 of 6% noncumulative, nonparticipating, preferred stock outstanding. Gracey's also has $600,000 of common stock outstanding. During its first year, the company paid cash dividends of $30,000. This dividend should be distributed as follows:__________
a) $0 preferred; $30,000 common.
b) $15,000 preferred; $15,000 common.
c) $30,000 preferred; $0 common.
d) $6,000 preferred; $24,000 common.
e) $12,000 preferred; $18,000 common.
Answer:
e) $12,000 preferred; $18,000 common.
Explanation:
Dividend (Preferred) = 6% * Preferred stock outstanding
= 5% * $200,000
= $12,000
Dividend common = $30,000 - $12,000
= $18,000
Hence, the Cash dividend to preferred shareholders is $12,000 and that to common shareholder is $18,000
The Leadership Grid includes 5 models of management. ______ is a model with the highest concern for production and the lowest concern for people (9,1).
Answer:
authoritarian model in which the management only focus on its production and profits but neglect it's workers, or the community. it had less people skills but strong on tasks-related goals
Autocratic is a model with the highest concern for production and the lowest concern for people.
What is Autocratic Leadership?an autocratic leader exercises complete control over the subordinatesalso known as Boss centered leadership.he centralizes power to himself only and takes all the decisionshe does not delegate authority, also gives reward and puts penalty to direct the subordinates.hence, Autocratic Leadership is a model with the highest concern for production and the lowest concern for people.
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"Texans who are temporarily out of work, through no fault of their own, may qualify for up to 52 weeks of unemployment benefits. These benefits are based"
Correct/Complete Question:
Texans who are temporarily out of work, through no fault of their own, may qualify for up to 52 weeks of unemployment benefits. These benefits are based on highest past quarterly earnings, but can be at most ______________ per week.
Answer:
$465
Explanation:
From the question above, $465 is the highest amount that can be paid to unemployed Texans per week. It can also be seen that the basis for such payment is highest past quarterly earnings.
This means that unemployed persons who will receive unemployment benefits have to have had the highest quarterly earnings in the past when they were employed.
Cheers.
Jose has one evening in which to prepare for two exams and can employ one of two possible strategies: Strategy Score in Economics Score in Statistics A 94 79 B 77 90 The opportunity cost of receiving a 90 on the statistics exam is ___________ points on the economics exam.
Answer: 17 points
Explanation:
The Opportunity cost in this case is the amount of points that Jose has to forgo for picking one alternative.
If Joe had picked strategy B which would give Jose 90 points on statistics then that means that Jose would not have picked strategy A which gave a 94 in Economics.
Therefore instead of getting a 94, Jose would get a 77. The opportunity cost is therefore;
= 94 - 77
= 17 points
Constructive conflict Multiple Choice encourages employees to re-examine their basic assumptions about a problem and its possible solutions. is apparent when the conflict is explained in terms of interpersonal incompatibilities. is the opposite of task-related conflict and often involves verbal attacks. sometimes replaces manifest conflict in the conflict escalation process. is more likely to trigger defense mechanisms and a competitive orientation among team members.
Answer:
encourages employees to re-examine their basic assumptions about a problem and its possible solutions.
Explanation:
Constructive conflict encourages employees to re-examine their basic assumptions about a problem and its possible solutions.
When employees working in an organization are engaged in a constructive conflict, they are able to draw from a variety of ideas, opinions and views of the other party and by extension moving the organization forward in its operations, goals, objectives and mission.
Hence, a constructive conflict enhances the level of output or production in an organization rather than inhibitions of growth and development.
Suppose Marcus eats nothing but burritos for dinner. He buys 30 burritos each month. During the last couple of weeks, Marcus noticed an increase in the price of burritos. The price of burritos rose from $5.50 per burrito last month to $6.60 per burrito this month. Assume that Marcus has a fixed income of $165 that he can spend on burritos. How many burritos can Marcus afford to buy at the new price of $6.60?
Answer:
Marcus can buy 25 burritos.
Explanation:
Giving the following information:
The price of burritos rose from $5.50 per burrito last month to $6.60 per burrito this month.
Assume that Marcus has a fixed income of $165 that he can spend on burritos.
To calculate the number of burritos that Marcus can afford, we need to use the following formula:
Quantity= total income / unitary cost
Q= 165/6.6
Q= 25 burritos
To study the effect of price on Frank's demand for premium movie channels, economists hold his monthly income constant. This is an example of a(n) ___
Answer:
The appropriate answer will be "Ceteris paribus ".
Explanation:
This widely commonly utilized expression continues to stand for 'unaffected as well as constant include all stuff.'It has been used in economic principles to figure or conquer out the probability of attempting to change 'certain' causes, i.e. focusing on either the basic cause and effect relationship between two continuous variables.So that the given statement would be the example of Ceteris paribus.
The germane family has found the perfect house in thessaloniki, greece that they would like to use for their summer vacation. to purchase this $1,000,000 beach house, their bank requires a 40% down payment, which the germane family plans to have saved 5 years from now. they earn $8,000 per month, and their savings account earns 6% interest compounded monthly. what amount must be saved each month?
Answer:
Saving each month is $5733.12
Explanation:
The down payment amount = $1000000 × 40% = $400000
The per month earning = $8000
The earning from saving account = 6%
We have to find the amount that will be saved per month by using the above information.
Interest rate per month = 6% / 12 = 0.5% or 0.005
Number of periods = 6 ×12 = 60
Future value of annuity = $400000
Saving each month = FV / ([(1+r)^n-1] / r)
Saving each month = 400000 / (((1 + 0.50%)^60 – 1)/ 0.50%
Saving each month = 5733.12
In a world with no taxes, MM show that a firm's capital structure does not affect the firm's value. However, when taxes are considered, MM show a positive relationship between debt and value, i.e., its value rises as its debt is increased.A. TrueB. False
Answer:
True
Explanation:
According to MM, without taxes, the market value of the company is not affected by capital structure. As a result, the WACC is unaffected by capital structure. Here, the value of a company is determined by cash flows.
In the case where there is tax, the value of a company with debt is greater than that of the same company without debt for the same level of income.
One term is used to identify a collection of activities designed to gain access to personal and corporate information. The activities include Phishing, scams and hoaxes aimed at getting individuals to compromise sensitive data. What is the term for this activity?
Answer: Social engineering
Explanation:
Social engineering is simply the use of deceit in order to manipulate individuals so that they can give out personal and confidential information about themselves which will be used for fraud.
The activities involved in social engineering are phishing, scams and hoaxes aimed at getting individuals to compromise sensitive data.
The coordination problem accompanying expansionary fiscal policy refers to
a. the tendency of increases in government expenditures to expand private sector output by an even larger amount.
b. the reluctance of Congress to approve increases in government spending during a recession.
c. the possibility that borrowing to finance current spending will lead to lower future interest rates.
d. the possibility that demand stimulus programs will direct resources toward unproductive projects and areas of full employment.
Answer: d. the possibility that demand stimulus programs will direct resources toward unproductive projects and areas of full employment.
Explanation:
Expansionary fiscal policy is used by the government of a particular country to increase the money supply in that country.
The coordination problem accompanying expansionary fiscal policy refers to the possibility that demand stimulus programs will direct resources toward unproductive projects and areas of full employment.
The rule that bans providers of mortgage foreclosure rescue and loan modification services from collecting fees until homeowners have a written offer from their lender or servicer that they decide is acceptable is the
Answer:
The Mortgage Assistance Relief Services (MARS) rule.
Explanation:
The rule that bans providers of mortgage foreclosure rescue and loan modification services from collecting fees until homeowners have a written offer from their lender or servicer that they decide is acceptable is the The Mortgage Assistance Relief Services (MARS) rule.