Business

At December 31, 2020 and 2021, Oriole Company had outstanding 4000 shares of $100 par value 6% cumulative preferred stock and 18800 shares of $10 par value common stock. At December 31, 2020, dividends in arrears on the preferred stock were $13000. Cash dividends declared in 2021 totaled $44600. What amounts were payable on each class of stock
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During the harsh winter of 1972-73:__________A. people in the northeast did not have enough oil to heat their homes, but people elsewhere in the U.S. had enough oil to heat their swimming pools.B. oil was diverted away from low-value uses (like heating swimming pools) to high-value uses (like heating homes in the northeast).C. there was not enough oil for heating homes in the northeast or for heating swimming pools elsewhere in the U.S.D. there was enough oil for heating homes in the northeast and for heating swimming pools elsewhere in the U.S.
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How to convince people to buy your wine.
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Ensemble Co.Unadjusted Trial BalanceFor the Year Ending December 31, 2018Debit BalancesCredit BalancesCash42,900Accounts Receivable123,500Prepaid Insurance27,000Equipment300,000Accounts Payable52,000Salaries Payable4,800Common Stock40,000Retained Earnings137,200Dividends5,000Service Revenue1,216,000Salary Expense660,000Advertising Expense275,000Miscellaneous Expense16,6001,801,5001,801,500How does grading work?Ensemble Co.UNADJUSTED TRIAL BALANCEACCOUNT TITLEDEBITCREDIT1 Cash2 Accounts Receivable3 Prepaid insurance4 Equipment5 Accounts Payable6 Salaries Payable7 Common Stock8 Retained Earnings9 Dividends10 Service Revenue11 Salary Expense12 Advertising Expense13 Miscellaneous Expense14 Totals
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Sales of Granite City Products Inc. have been on a steady decline for the last 12 months. A market research study conducted revealed that the product of Granite City Products Inc. can be sold only for $480 as opposed to the current market price charged of $580 per unit. Granite City Products Inc. has decided to revise its sales price to $480. The annual sales target volume of the product after price revision is 280 units. Granite City Products Inc. wants to earn 30% on its sales amount. What is the target cost per unit
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Indirect: Computing cash from operations LO P2 MOSS COMPANY Selected Balance Sheet Information December 31, 2019 and 2018 2019 2018 Current assets Cash $ 89,650 $ 31,800 Accounts receivable 30,000 42,000 Inventory 65,000 55,100 Current liabilities Accounts payable 40,400 30,700 Income taxes payable 2,550 3,200 MOSS COMPANY Income Statement For Year Ended December 31, 2019 Sales $ 534,000 Cost of goods sold 351,600 Gross profit 182,400 Operating expenses Depreciation expense $ 46,000 Other expenses 127,000 173,000 Income before taxes 9,400 Income taxes expense 5,900 Net income $ 3,500 Use the information above to calculate cash flows from operating activities using the indirect method. (Amounts to be deducted should be indicated by a minus sign.)
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define leverage economics.
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Pacheco Inc. issued convertible bonds 10 years ago. Each bond had an initial term of 30 years, had a face value of $1,000, paid a coupon rate of 11%, and was convertible into 20 shares of Pacheco stock, which was selling for $30 per share at the time. Since then the price of Pacheco shares has risen to $65 and the interest rate has dropped to 8%. What is the least that each of the bonds is worth today
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ose purchased a vehicle for business and personal use. In 2020, he used the vehicle 10,500 miles (80% of total) for business and calculated his vehicle expenses using the standard mileage rate (mileage was incurred ratably throughout the year). He paid $850 in interest and $85 in property taxes on the car. Required: Calculate the total business deduction related to the car. (Round your final answers to nearest whole dollar amount.)
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Tempest Enterprises began operations on January 1, 20x1, with all of its activities conducted from a single facility. The company's accountant concluded that the year's building depreciation should be allocated as follows: selling activities, 20%; administrative activities, 35%; and manufacturing activities, 45%. If Tempest sold 60% of 20x1 production during that year, what percentage of the depreciation would appear (either directly or indirectly) on the 20x1 income statement?
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This magazine is not useful for/to me as I have ni taste in music debates. To or for?
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Uva Systems Inc. has a limited amount of direct material available for products 1A1 and 2B2. Each unit of 1A1 has a contribution margin of $12 and each unit of 2B2 has a contribution margin of $30. A unit of 2B2 uses three times as much direct material as a unit of 1A1. What is Uva's most profitable sales mix, assuming there is unlimited demand for either product
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Twist Corp. has a current accounts receivable balance of $335,500. Credit sales for the year just ended were $4,448,730. A. What is the company's receivables turnover? B. What is the company's days' sales in receivables? C. How long did it take on average for credit customers to pay off their accounts during the past year?
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bases its manufacturing overhead budget on budgeted direct labor-hours. The direct labor budget indicates that 5,600 direct labor-hours will be required in August. The variable overhead rate is $5.40 per direct labor-hour. The company's budgeted fixed manufacturing overhead is $69,440 per month, which includes depreciation of $15,680. All other fixed manufacturing overhead costs represent current cash flows. The August cash disbursements for manufacturing overhead on the manufacturing overhead budget should be:
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Cypress Oil Company's December 31, 2021, balance sheet listed $855,000 of notes receivable and $22,500 of interest receivable included in current assets. The following notes make up the notes receivable balance: Note 1 Dated 8/31/2021, principal of $400,000 and interest at 12% due on 2/28/2022. Note 2 Dated 6/30/2021, principal of $260,000 and interest due 3/31/2022. Note 3 $200,000 face value noninterest-bearing note dated 9/30/2021, due 3/31/2022. Note was issued in exchange for merchandise.The company records adjusting entries only at year-end. There were no other notes receivable outstanding during 2021.Required:1. Determine the rate used to discount the noninterest-bearing note.2. Determine the explicit interest rate on Note 2. (Round your intermediate calculations to the nearest whole dollar amount.)3. What is the amount of interest revenue that appears in the companys 2021 income statement related to these notes?Discount rateInterest rateInterest revenue
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Fragmental Co. leased a portion of its store to another company for eight months beginning on October 1, at a monthly rate of $1,125. Fragmental collected the entire $9,000 cash on October 1 and recorded it as unearned revenue. Assuming adjusting entries are only made at year-end, the adjusting entry made by Fragmental Co. on December 31 would be:
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Grever is the East Coast manager of Hamilton Software Technolgy. Other managers are in charge of the West Coast, South, and Central divisions. His brother, Elijah is working at a different IT company. Their employees are grouped according to their functional expertise as well as the different vital product lines that they are working on. (a) Grever most likely works in a company with a ______ structure, while (b) Elijah most likely works in a company with a _____ structure.
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Gunes Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 800 units. The costs and percentage completion of these units in beginning inventory were: Cost Percent Complete Materials costs $ 10,600 65% Conversion costs $ 12,800 30% A total of 8,500 units were started and 7,400 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month: Cost Materials costs $ 142,100 Conversion costs $ 359,500 The ending inventory was 50% complete with respect to materials and 35% complete with respect to conversion costs. The cost per equivalent unit for conversion costs for the first department for the month is closest to:
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Lyman Company has the opportunity to increase annual credit sales $100,000 by selling to a new, riskier group of customers. The expenses of collecting credit sales are expected to be 15 percent of credit sales. The company's manufacturing and selling expenses are projected at 70% of sales, and its effective tax rate is 40%. If Lyman accepts this opportunity, its after-tax profits would increase by an estimated:_____.a. $10,200.b. $10,000. c. $9,000. d. $14,400.
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Kendall Company has sales of 1,000 units at $60 a unit. Variable expenses are 30% of the selling price. If total fixed expenses are $30,000. The degree of operating leverage is
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What is the average student contribution for one year at a private college in 2012-2013?
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The XYZ Casualty Insurance Company has found that for a particular type of insurance policy it makes the following payments for insurance claims: i) On 10% of the policies, XYZ Company pays $1,000 exactly one year after the effective date of the policy. ii) On 3% of the policies, XYZ Company pays $10,000 exactly three years after the effective date of the policy. iii) On the remaining policies, XYZ Company makes no payment for claims. In addition to the above payments, XYZ Company pays $20 for the expenses of administering the policy: $10 is paid on the effective date of the policy and the remaining $10 is paid six months after the effective date of the policy. The annual interest rate is 8%, compounded semiannually. The premium for this type of insurance policy is due six months after the effective date of the policy. If the present value of the premium is set equal to the present value of the claim payments and expenses, what is the premium? (A) Less than $355 (B) At least $355 but less than $380 (C) At least $380 but less than $415 (D) At least $415 but less than $440 (E) At least $440
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Team players are sought-after employeesTrueFalse
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The market for bell peppers is perfectly competitive and currently has an equilibrium price of $3 and the number of bell pappers traded is 6. Suppose the government imposes a price floor of $1 on this market. What will be the size of the shortage in this market
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