The banker's rule simplifies interest computations by treating a year as having 360 days.
Answer the following statement true (T) or false (F)
True
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The Mailer Corporation had the following classes of stock outstanding as of December 31 . 2014: Common stock, $20 par value, 20,000 shares outstanding Preferred stock, 6 percent, $100 par value, cumulative, 2,000 shares outstanding No dividends were paid on preferred stock for 2012 and 2013 . On December 31 . 2014, a total cash dividend of $200,000 was declared. What are the amounts of dividends
payable on both the common and preferred stock, respectively? a. $0 and $200,000 b. $164,000 and $36,000 c. $176,000 and $24,000 d. $188,000 and $12,000
A S.W.O.T. analysis includes
A. threats. B. opportunities. C. strengths. D. weaknesses. E. All of these are included in a S.W.O.T analysis.
Scatter diagrams plot volume (units) on the horizontal axis and cost on the vertical axis.
Answer the following statement true (T) or false (F)
Closing entries are journalized and posted ________
A) throughout the accounting period B) before posting the adjusting entries C) after preparing the post-closing trial balance D) after preparing the financial statements