Pharoah company has 6500 shares of 5%, $100 par value, cumulative preferred stock and 13000 shares of $1 par value common stock outstanding in december 31,2020. There were no dividends declared in 2018. The board of directors declares and pays a $61100 dividend in 2019 and in 2020. what is the amoun of dividends recieved by the common stock holders in 2020.
In: Accounting
Researchers recruited 200 70 year-old former factory workers who had been diagnosed with lung cancer, and an additional 200 70 yr. old former factory workers who were screened and found to be free of lung cancer. The study participants were asked about their smoking history during the past 50 years. Among those with lung cancer, 127 were smokers. Among those without lung cancer, 35 were smokers.
What is the study design?
What is the timing?
Using the data above, construct a 2 x 2 table. Identify and calculate the approapriate measures of frequency and association. Interpret your findings.
In: Statistics and Probability
( B ) : In each quarter of every year, the maximum capacity of the "MBA
Co." is 4000 hours available for sorting and re-packing two sorts of imported apples in special boxes where each box contains only one ton of either the red or the yellow apples. The monthly common committed fixed costs of the company is L.E. 100000, and the following estimates are presented in relation to the coming quarter which will start July 1, 2015 :-
|
red |
Yellow |
|
|
Maximum demand in the local market. |
150 boxes |
300 boxes |
|
Selling price per box. |
L.E 12000 |
L.E 10000 |
|
Sorting and re-packing time required per box. |
20 Hours |
10 Hours |
|
Contribution margin per hour of sorting and re-packing |
L.E. 300 |
L.E 400 |
eqrequired :
Use appropriate traditional managerial accounting marginal analysis techniques to determine the optimal imports mix the company should consider for the third quarter of 2015, then prepare this quarter's expected detailed income statement.
In: Accounting
You have recently graduated from college with an MBA. Upon graduation, you start working for Roosevelt Power Plant. The boss, Mr. Jones, invites you into his office. Mr. Jones describes to you a large fraud that has recently taken place in the company. He asks you what actions should be taken to ensure that fraud does not occur again. After analyzing the company, you compile a list of actions that will be needed to prevent fraud from occurring again. Upon presenting the necessary steps and controls to be taken, Mr. Jones notices your suggestion: "Create a culture of honesty and create a positive work environment for employees." Mr. Jones is enraged and wants to know what a positive work environment has to do with the prevention and detection of fraud. 1. What would you tell Mr. Jones about why a positive work environment will help prevent fraud? 2. What factors would you tell Mr. Jones contribute to a negative work environment?
In: Accounting
A company is developing a new high performance wax for cross country ski racing. In order to justify the price marketing wants, the wax needs to be very fast. Specifically, the mean time to finish their standard test course should be less than 55 seconds for a former Olympic champion. To test it, the champion will ski the course 8 times. The champion's times (selected at random) are 56.4, 60.4, 48.548.5, 53.3, 49.9, 46.9, 53.7, and 42.1 seconds to complete the test course. Should they market the wax? Assume the assumptions and conditions for appropriate hypothesis testing are met for the sample. Use 0.05 as the P-value cutoff level.
In: Statistics and Probability
You are the biological advisor to the CEO of a major US fishing fleet. Prepare a document to be sent to the CEO describing guidelines that are imperative to maintain sustainable fisheries. Make sure to address specific fish species that are currently at risk today.
In: Biology
In: Biology
1. On January 1, 2017, a subsidiary sold equipment to its parent for $520,000. The subsidiary’s original cost was $200,000 and as of January 1, 2017, $20,000 in depreciation had been recorded on the subsidiary’s books. At the date of sale, the equipment had a 10-year remaining life, straight-line. It is now December 31, 2021 (5 years since the sale), and the parent still holds the equipment.
REQUIRED: Prepare the consolidation eliminating entries for 2021
2. Baracus, Inc. pays $95,000 in cash and stock to acquire 80% of the voting stock of Clover Company. The fair value of the noncontrolling interest is $21,250. The book value of the acquired company is $66,250, and no revaluations of acquired identifiable net assets are necessary.
REQUIRED:
How much is total goodwill?
What amount and percent of goodwill is allocated to the controlling
interest?
What amount and percent of goodwill is allocated to the
non-controlling interest?
In: Accounting
Leila owns 14% of the ordinary share of Datafarm Ltd. Assume dividends from Datafarm is the only income Leila has and she has no savings. In early March, 2020, Datafarm Ltd reported net profits after tax of $1,000,000 for the year, 2019 (1 January to 1 December, 2019), and announced due to the effect of COVID 19 Global pandemic it expects net profits after tax for the current year, 2020, to be 30% lower than last year’s figure. The company currently has a dividend payout ratio of 30%, which it will apply for the annual dividend for 2019, payable in July 2020, but it will reduce the dividend payout ratio to 20% for the dividend for 2020, payable in July, 2021. In July, 2021, Leila wishes to spend $45,000. How much can she consume in July, 2020 if the capital market offers an interest rate of 9% per year
In: Accounting
The CAL Company maintains a perpetual inventory system. The following information is available related to its December 31, 2020 year end: 1. Inventory costing $5,500 was received on December 20, 2020, on consignment from PPC. No journal entry has been made. 2. An invoice for $2,500, terms f.o.b. shipping point, was received and entered on December 30, 2020. The receiving report shows that the inventory was received on January 4, 2021, and the bill of lading shows that the inventory was shipped on January 2, 2021. 3. An invoice for $1,800, terms f.o.b. destination, was received and entered on January 2, 2021. The receiving report shows that the inventory was received on December 28, 2020.
Required: Prepare any correcting journal entries that are required at December 31, 2020, assuming that the books have not been closed. If no correction is needed, explain why
In: Accounting