Answer:
a. 22,400 units
b. 27,600 units
Explanation:
Break even point is the level of Activity where a firm neither makes a profit nor a loss.
<em>Break -even (units) = Fixed Costs / Contribution per unit</em>
<u>Contribution per unit</u>
Contribution per unit = Sales per unit <em>less</em> Variable Cost per unit
= $66 - $44
= $22
Break -even (units) = $492,800 / $22
= 22,400 units
<em>Sales units to reach a target profit = (Target Profit + Fixed Costs) / Contribution per unit</em>
= ($114,400 + $492,800) / $22
= $607,200 / $22
= 27,600 units
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Answer: A, file a claim
Explanation:
I hope this helped!
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- Zack Slocum
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Answer:
increase by $336,000.
Explanation:
Options are <em>"1. increase by $176,000. 2. increase by $336,000. 3. increase by $160,000. 4. be unaffected."</em>
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Common stock will increase by $160,000, the par value, and paid-in capital in excess of par value will increase by $176,000, for a total increase in stockholders' equity of $336,000.
Answer:
The amount of dividends paid to common stockholders in 2021 $18000.
Explanation:
The cumulative preferred stock is the stock that accumulates dividends when the dividends are partially or not paid at all in a certain year. The dividends must be paid in the future.
The common stock holders are paid after the preferred stockholders are paid.
The preferred stock dividend per year = 400000 * 0.06 = $24000 per year
As the cash dividends paid in 2019 and 2020 are $20000 each,
The dividend outstanding on preferred stocks for 2019 is = 24000 - 20000 = $4000
Similarly, the dividends outstanding on preferred stocks for 2020 is = 24000 - 20000 = $4000
The total dividends outstanding at start of 2021 = 4000 + 4000 = $8000
Preferred dividend for 2021 = 24000
Total dividend on preferred stock = 24000 + 8000 = $32000
The amount of dividends that common stock holders will receive in 2021 = 50000 - 32000 = $18000