Explain the two ways that a dividend rate on preferred stock may be stated by giving examples
The examples in student answers may vary but can include something similar to the following:
1 . It may be stated as a percentage of the stock's par value. For example, if a stock is presented on the balance sheet as $100 par, 7% preferred stock, its dividend rate is $7 per share ($100 × 7%).
2 . The dividend may be stated as a per-share amount. For example, a stock may appear on the balance sheet as $100 par, $7 preferred stock, meaning that the dividend rate is $7 per share.
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Classify the following as either direct labor (DL), indirect labor (IL), or a period cost (P). a. factory maintenance worker b. company president c. assembly-line worker d. salesperson working on commission e. factory supervisor f. administrative assistant g. machine operator
On an annual basis, total setup costs ______.
A. decrease as the quantity produced per production run increases B. increase as the quantity produced per production run increases C. increase as the number of production runs decreases D. increase as the number of setups required decreases
The husband in the marriage project meekly apologized and hid in the garage while the other project team member rampaged through the house. The husband holds the:
A) Behavioral view of conflict. B) Interactionist view of conflict. C) Traditional view of conflict. D) Attributional view of conflict.
A machine with an original cost of $120,000 and no salvage value had an estimated useful life of 6 years, but after 4 complete years, it was decided that the original estimate of useful life should have been 8 years. Assuming the company uses straight-line depreciation, the amount of depreciation expense in year 5 is:
A. $80,000 B. $10,000 C. $20,000 D. $5,000 E. $12,000