Gault Corporation had the following shares of stock outstanding on December 31, 2010: Common stock, $50 par value, 200,000 shares outstanding Preferred stock, 8 percent, $100 par value, cumulative, 20,000 shares outstanding Dividends were in arrears for 2008 and 2009 . On December 31, 2010, total cash dividends of $800,000 were declared. The total amounts payable to preferred stockholders and
common stockholders, respectively, are
a. $160,000 and $640,000.
b. $480,000 and $320,000.
c. $320,000 and $480,000.
d. $400,000 and $400,000.
B
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Discounting is the process of dividing a future value by the ________ to obtain the ________ value.
A. discount factor; past B. discount factor; present C. rate of discount; past D. rate of discount; present
Calculate the target market reach of a business if it produces an impact of 400 GRPs at a frequency of 8
A) 40 percent B) 50 percent C) 60 percent D) 70 percent E) 80 percent
On April 12, Hong Company agrees to accept a 60-day, 10%, $5400 note from Indigo Company to extend the due date on an overdue accounts payable. What is the journal entry needed to record the transaction by Indigo Company?
A. Debit Accounts Receivable $5400; credit Notes Payable $5400. B. Debit Accounts Payable $5400; credit Notes Payable $5400. C. Debit Notes Payable $5400; credit Accounts Payable $5400. D. Debit Sales $5400; credit Notes Payable $5400. E. Debit Cash $5400; credit Notes Payable $5400.
The total landed cost approach represents what?