Pecan Theatre Inc. owns and operates movie theaters throughout Florida and Georgia. Pecan Theatre has declared the following annual dividends over a six-year period: 20Y1, $64,000; 20Y2, $128,000; 20Y3, $288,000; 20Y4, $368,000; 20Y5, $448,000; and 20Y6, $576,000. During the entire period ended December 31 of each year, the outstanding stock of the company was composed of 40,000 shares of cumulative, preferred 4% stock, $100 par, and 100,000 shares of common stock, $10 par.
Required:
Determine the total dividends and the per-share dividends declared on each class of stock for each of the six years.

Answer:

Pecan Theatre Inc.

Annual Dividends:

Year       Amount                   Cumulative               Common Stock

                                   Declared             Arrears

20Y1,      $64,000     $64,000              $96,000      $0

Per share dividends    $1.60                                      $0

20Y2,   $128,000      $128,000           $128,000      $0

Per share dividends   $3.20                                      $0

20Y3,  $288,000      $288,000          $0                  $0

per share dividends   $7.20                                      $0

20Y4,  $368,000     $160,000           $0                   $208,000

Per share dividends  $4.00                                        $2.08

20Y5,  $448,000    $160,000           $0                    $288,000

Per share dividends   $4.00                                      $2.88

20Y6, $576,000   $160,000            $0                     $416,000

Per share dividends   $4.00                                      $4.16

Explanation:

a) Data and Calculations:

Outstanding common stock = 100,000 shares at $10 par

Outstanding 4% cumulative preferred stock  = 40,000 at $10 par

Annual preferred stock dividend = 4% * 40,000 * $100

= $160,000

Annual Dividends:

Year       Amount                   Cumulative               Common Stock

                                   Declared             Arrears

20Y1,      $64,000     $64,000              $96,000      $0

Per share dividends    $1.60 ($64,000/40,000)       $0

20Y2,   $128,000      $128,000           $128,000      $0

Per share dividends   $3.20 ($128,000/40,000)     $0

20Y3,  $288,000      $288,000          $0                  $0

per share dividends   $7.20 ($288,000/40,000)     $0

20Y4,  $368,000     $160,000           $0                   $208,000

Per share dividends  $4.00 ($160,000/40,000)       $2.08 ($208,000/100,000)

20Y5,  $448,000    $160,000           $0                    $288,000

Per share dividends   $4.00 ($160,000/40,000)      $2.88 ($288,000/100,000)

20Y6, $576,000   $160,000            $0                     $416,000

Per share dividends   $4.00 ($160,000/40,000)      $4.16 ($416,000/100,000)

Which of the following would be classified as a short-run decision? A restaurant's decision to increase the number of patrons it can accommodate by adding on a new dining room. A firm's decision to decrease the amount of electricity used in day-to-day operations by encouraging employees to adopt conservation strategies, e.g., shut off lights when leaving a room. A university's decision to add a new residence hall. A trucking firm's decision to move to a smaller facility.

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The EPBO for a particular employee on January 1, 2018, was $30,000. The APBO at the beginning of the year was $6,000. The appropriate discount rate for this postretirement plan is 5%. The employee is expected to serve the company for a total of 25 years with 5 of those years already served as of January 1, 2018. What is the APBO at December 31, 2018? Group of answer choices $7,200. $6,300. $7,560. $7,500.

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Question 1(Multiple Choice Worth 10 points)
(04.04 LC)
Which is a possible effect of identity theft?
Increased mental stress
O Increased purchasing power
Decreased loan balances
Decreased debt to credit load

Indiana Co. began a construction project in 2021 with a contract price of $162 million to be received when the project is completed in 2023. During 2021, Indiana incurred $40 million of costs and estimates an additional $84 million of costs to complete the project. Indiana recognizes revenue over time and for this project recognizes revenue over time according to the percentage of the project that has been completed.
Suppose that, in 2022, Indiana incurred additional costs of $65 million and estimated an additional $52 million in costs to complete the project. Indiana (Do not round your percentage calculated):
A) Recognized $8.91 million gross profit on the project in 2022.
B) Recognized $11.91 million gross profit on the project in 2022.
C) Recognized $3.00 million loss on the project in 2022.
D) Recognized $8.91 million loss on the project in 2022.

A company buys a machine for $69,000 that has an expected life of 7 years and no salvage value. The company uses straight-line depreciation. The company anticipates a yearly net income of $3,300 after taxes of 38%, with the cash flows to be received evenly throughout each year. What is the accounting rate of return

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a. 50%
b. 25%
c. 30%
d. 20%
e. 10%

If the demand for labor falls from D to D' and wages are sticky on the downward side, there will be unemployment of ________ million. a. 75 b. 100 c. 25 d. None of the above

At the end of 2020, Pharoah Co. has accounts receivable of $762,200 and an allowance for doubtful accounts of $60,300. On January 24, 2021, the company learns that its receivable from Megan Gray is not collectible, and management authorizes a write-off of $5,800. On March 4, 2021, Pharoah Co. receives payment of $5,800 in full from Megan Gray. Prepare the journal entries to record this transaction. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

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Square Feet Expected Monthly
Business Name Required Cash Flow
Videos Now 4,000 70,000
Gords Gym 3,500 52,500
Pizza Warehouse 2,500 52,500
Super Clips 1,500 25,500
30 1/2 Flavors 1,500 28,500
S-Mart 12,000 180,000
WalVerde Drugs 6,000 147,000
Multigular Wireless 1,000 22,250
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A) $1,020,000.
B) $237,000.
C) $1.185,000.
D) $1,053,000

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What are some tasks commonly performed in Logistics Planning and Management Services jobs? Check all that apply.

processing customer payments
analyzing a product’s supply chain
overseeing budgets
organizing and tracking information
operating heavy machinery
hiring, training, and supervising workers
investigating causes of accidents and hazards

Who is Ackerman?

A. Levi

B. Petra

C. Erwin





​

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Required: Compute the following financial data and ratios:
1. Working capital.
2. Current Ratio (round to 2 decimal places)
3. Acid-Test Ratio (round to 2 decimal places)
4. Debt-to-equity Ratio (round to 2 decimal places)
5. Times interest earned Ratio (2 decimal places)
6. Average collection period (days)
7. Average sale period (days)
8. Operating cycle (Days; round intermediate calculations and final answer to 1 decimal place)

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Mar. 31 Acquired 8% Distribution Transformers Corporation bonds costing $510,000 at face value.
Sep. 1 Acquired $1,230,000 of American Instruments' 10% bonds at face value.
Sep. 30 Received semiannual interest payment on the Distribution Transformers bonds.
Oct. 2 Sold the Distribution Transformers bonds for $590,000.
Nov. 1 Purchased $1,950,000 of M&D Corporation 6% bonds at face value.
Dec. 31 Recorded any necessary adjusting entry(s) relating to the investments. The market prices of the investments are:
American Instruments bonds$1,181,000
M&D Corporation bonds$2,021,000
(Hint: Interest must be accrued.)
Required:
Prepare the appropriate journal entry for each transaction or event during 2018, as well as any adjusting entries necessary at year end.

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A) Mark proposed that the prices be hiked and additional customer service measures be included so costumers have the best experience flying with EuAir.
B) Mark encouraged the top-management team to consider laying off surplus employees and rightsizing EuAir to enhance its efficiency and lower costs.
C) Mark agreed with Joe's opinion that providing the best service possible, even if it meant incurring a loss in the short run, would be the best strategy.
D) Mark felt that EuAir should suspend some of its less profitable flights in the short run in favor of the routes that have greater demand among consumers.
E) Mark proposed that this was an opportunity for EuAir to use its brand name effectively and diversify into other products and services.

How micro and macro economics are interdependent to each other?​

If direct materials are added at the beginning of a process, the equivalent units completed of direct materials will be: Group of answer choices Equal to equivalent units completed of conversion costs Equal to the physical units completed Less than physical units completed None of the above

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Cash Outflow Probability
1 $360,000 20%
2 460,000 45%
3 660,000 35%

To aid extraction. Jackpot purchased some new equipment on July 1, 2021, for $180,000. After the copper Is removed from this mine, the equipment will sold. The credit-adjusted. risk-free rate of interest is 12%.

Required:
a. Determine the cost Of the copper mine.
b. Prepare the Journal entries to record the acquisition costs of the mine and the purchase of equipment.

good research should ideally be...​

Here I Sit Sofas has 6,600 shares of common stock outstanding at a price of $89 per share. There are 950 bonds that mature in 25 years with a coupon rate of 6.3 percent paid semiannually. The bonds have a par value of $1,000 each and sell at 106 percent of par. The company also has 5,500 shares of preferred stock outstanding at a price of $42 per share. What is the capital structure weight of the debt

Why do you think most companies make use of celebrities in their marketing promotional activities?​