Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

hw help will upvote QUESTION 25 M-Bot Corporation has 10,000 shares of 7%. $100 par value, cumulative preferred stock outstanding at December 31, 2014, No

hw help will upvote image text in transcribed
image text in transcribed
image text in transcribed
QUESTION 25 M-Bot Corporation has 10,000 shares of 7%. $100 par value, cumulative preferred stock outstanding at December 31, 2014, No dividends were declared in 2012 or 2013. If M-Bot wants to pay $375,000 of dividends in 2014, common stockholders will receive: $235,000 $165,000 $305,000 $0 QUESTION 26 Your goal is to be able to withdraw $10,000 for each of the next throo years beginning one year from today and also to withdraw $50,000 four years from today. The return on the investment is expected to be 3% The amount that needs to be invested today in closest to: $89,755 $65,238 572.711 $110,383 QUESTION 27 Use the following income and balance sheet Information to calculate net cash provided or used by the operating activities. Income Statement for the year ended December 31, 2010 Net sales $ 620,000 Cost of goods sold (420,000) Gross profit 200,000 Less: Operating expenses (65,000) Depreciation expense (50,000) Income from operations $ 85,000 Gain on sale of equip 60,000 Net income $ 145,000 Inventory Accounts receivable Prepaid insurance Accounts payable Dec 31, 2010 $ 50,000 90,000 6,000 35,000 Dec 31, 2009 $ 45,000 101,000 3,000 45,000 $135,000 provided A $128.000 provided $195,000 provided $142,000 provided QUESTION 28 Red Company has provided the following information: 200,000 shares of $5 par value common stock are authorized - 160,000 shares have been issued 145,000 shares are outstanding Which of the following statements is correct? Red has 55,000 shares of treasury stock. Red has 15,000 shares of treasury stock. Red can issue an additional 15,000 shares of common stock Red can issue an additional 55,000 shares of common stock

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions

Question

Does it have at least one-inch margins?

Answered: 1 week ago

Question

Does it highlight your accomplishments rather than your duties?

Answered: 1 week ago