the shareholders' equity of green corporation includes $200,000 of $1 par common stock and $400,000 par value of 6% cumulative preferred stock. the board of directors of green declared cash dividends of $50,000 in 2024 after paying $20,000 cash dividends in each of 2022 and 2023. what is the amount of dividends common shareholders will receive in 2024?

Answers

Answer 1

The amount of dividends common shareholders will receive in 2024 would be $26,000.

To determine the amount of dividends that common shareholders will receive in 2024, we need to calculate the preferred dividends that must be paid first and then subtract them from the total declared dividends.

Calculate the preferred dividends for 2024;

Preferred Dividends = Preferred Stock Par Value × Preferred Dividend Rate

Preferred Stock Par Value = $400,000

Preferred Dividend Rate = 6%

Preferred Dividends = $400,000 × 6%

= $24,000

Determine the remaining dividends available for common shareholders;

Dividends Available for Common Shareholders = Total Declared Dividends - Preferred Dividends

Total Declared Dividends = $50,000

Dividends Available for Common Shareholders = $50,000 - $24,000

= $26,000

Therefore, common shareholders will receive $26,000 in dividends in 2024.

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Related Questions

a machine with a book value of $38,000 is sold for $32,000. which of the following answers would accurately represent the effects of the sale on the financial statements?

Answers

When a machine with a book value of $38,000 is sold for $32,000, the effects of the sale on the financial statements would be a loss of $6,000. The correct answer is option B.

Book value is the cost of an asset less its accumulated depreciation. It is the value of an asset as it appears on a company's balance sheet. A financial statement is a formal document that outlines the financial activities and positions of a business. It includes a balance sheet, income statement, and statement of cash flows. The difference between the sales price of an asset and its book value is referred to as a gain or loss on the sale of the asset.

The amount of the loss is the difference between the sales price and the book value, which is $38,000 - $32,000 = $6,000.

If the sales price is higher than the book value, there is a gain on the sale, whereas if the sales price is lower than the book value, there is a loss on the sale. In this case, the machine has a book value of $38,000 and is sold for $32,000. Since the sales price is less than the book value, there is a loss on the sale.

The amount of the loss is the difference between the sales price and the book value, which is $38,000 - $32,000 = $6,000. Therefore, the effects of the sale on the financial statements would be a loss of $6,000. Option B accurately represents this situation.

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Select the correct answer.
Which marketing strategy is the most effective in the modern era?
O A. relationship marketing
OB. marketing mix
Oc relationship marketing combined with the marketing mix
OD. considering the short-term interests of society
O E.
customer service

Answers

The most effective would be B

Answer:

Customer Service

Explanation:

Conduct a SWOT analysis for IBM’s ""Let’s Put Smart To Work"" initiative. What are the relevant trends to consider?

Answers

Such relevant trends to consider are as follows:

StrengthWeaknessOpportunitiesThreats

Strength - IBM would be strongly responsible for collecting and analyzing information to enhance a firm, organization, city.Weakness - There are no links between the other technologies that are weak throughout the IBM Intelligent Planet program.Opportunities - Throughout the economies such as China, India, as well as Africa, IBM attempts to take over.Threats - IBM will face the change from natural resource companies to more customized companies.

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SWOT analysis helps organization to identify their strengths and grow their business by availing the opportunities.

IBM is International Business Machine which is an American technology organization having head quarter in New York.

The SWOT analysis is give below :

Strength : The company have expertise in designing intelligent computers which enable the users to run different business applications.

Weakness : The company has not worked for compatibility and they have not designed laptops which are more easy to carry and handle than the desktop computers.

Opportunity : By using economies of scale technique the company can grow its business to different parts of the world and can gain from International market.

Threats : There can be cyber crime or hacking of intelligence programs which are designed at IBM. There is need for strict cyber controls in the organization.

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Why does supplier competition make it harder for an entrepreneur to be successful

Answers

Answer:

because the supplier is already supplying sellers with what the entrepreneur is supposed to be selling and if more people are going to the other suppliers than no one will buy it from the entrepreneur because they can get it from suppliers

Explanation:

sorry if its wrong!

Its gives other entrepreneur advantage over the entrepreneur in question.

Suppliers encompasses people who supplies raw materials, finished goods to the users which can be an organisation or an entrepreneur.

Now, when there is competition, people tends to approach suppliers whose goods are cheaper. This gives some entrepreneur advantage over others because they sells at price at lower than their competitors.

A typical example is when a supplier prefers to supply goods to an entrepreneur in an axis based on previous relationship. Other entrepreneur may suffers because they might get the product at higher price from another supplier

In conclusion, if  price ceiling are employed, it will make uniform the price at the all suppliers will sell their goods to entrepreneur, hence, no entrepreneur will at higher advantage than others

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how many years must employers keep accurate records of mda monitoring measurements

Answers

Answer:

30 years

Explanation:

Employers must accurately keep records of MDA monitoring measurements for 30 years.

An S corporation had the following income and expenses: Sales $240,000 Rent expense 25,000 Business meals 5,000 Interest income 1,500 Contributions to qualifying charities 600 IRC Section 179 expense 3,000 Depreciation expense 1,800 What would be reported as ordinary income on the corporation's income tax return

Answers

The amount that should be reported as the ordinary income on the income tax return of the corporation is $210,700.

Sales $240,000

Less: Rent expense  ($25,000)

Less: 50% Entertainment expense  ($2,500)

Depreciation  ($1,800)

Ordinary income $210,700

Ordinary income involved the sales amount, rent expense, 50% of entertainment expense, and the depreciation expense

Therefore, we can conclude that the amount that should be reported as the ordinary income on the income tax return of the corporation is $210,700.

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An S corporation had the following income and expenses: Sales $240,000 Rent expense 25,000 Business meals

3. You plan to retire 25 years later. What equal amount of money would you need to deposit in the same account at the end of every year for the next 25 years in order to accumulate $2 Million at the instant the 25th deposit is made? Assume the bank pays interest at the rate of 5% per year. 4. What equal sums of money should you invest in a bank at the end of every year for the next 10 years in order to accumulate $50,000 at the end of 10 years, that is, just when the 10 th deposit is made? Assume the bank pays interest at the rate of 12% per year compounded weekly.

Answers

To accumulate $50,000 at the end of 10 years, you would need to invest approximately $3,140.44 at the end of each year.

To calculate the equal amount of money needed to deposit in the bank for both scenarios, we can use the formula for the future value of an ordinary annuity:

Future Value = Payment × \(\left(1 + \text{{interest rate}}\right)^{\text{{number of periods}}} - 1\) ÷ interest rate

Let's calculate the amounts needed for each scenario:

Retirement Savings:

Future Value = $2,000,000

Interest Rate = 5% per year

Number of Periods = 25 years

Using the formula, we can calculate the equal amount needed to deposit each year:

$2,000,000 = Payment ×\([(1 + 0.05)^2^5 - 1]\) ÷ 0.05

Solving for Payment, we find:

Payment = $2,000,000 × 0.05 ÷ \([(1.05)^2^5 - 1]\)

Payment ≈ $40,678.91 (rounded to the nearest cent)

Therefore, to accumulate $2 million at the end of 25 years, you would need to deposit approximately $40,678.91 at the end of each year.

Investment for Accumulating $50,000:

Future Value = $50,000

Interest Rate = 12% per year (compounded weekly)

Number of Periods = 10 years

Using the formula, we can calculate the equal amount needed to invest each year:

$50,000 = Payment × \([(1 + 0.12/52)^(^5^2^*^1^0^) - 1]\) ÷ (0.12/52)

Solving for Payment, we find:

Payment = $50,000 × (0.12÷52) ÷ \([(1 + 0.12/52)^(^5^2^*^1^0^) - 1]\)

Payment ≈ $3,140.44 (rounded to the nearest cent)

Therefore, to accumulate $50,000 at the end of 10 years, you would need to invest approximately $3,140.44 at the end of each year.

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Which situation would most likely cause a currency with a flexible exchange rate to increase in value?

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Answer:

:A currency with a flexible exchange rate is one that is determined by supply and demand in the foreign exchange market. Therefore, the most likely situation that would cause a currency to increase in value is an increase in demand for that currency relative to its supply.

This can happen for a variety of reasons, such as an increase in foreign investment in the country, an increase in exports, or a decrease in the supply of the currency due to government intervention or a decrease in the money supply.

For example, if a country has a strong economy and is seen as a safe place to invest, foreign investors may want to buy more of that country's currency, causing its value to increase. Similarly, if a country's exports become more competitive due to a decrease in the value of its currency relative to other currencies, demand for that currency may increase, causing its value to rise.

Describe a possible solution to the issue of urban sprawl. Identify one possible economic consequence of this solution

Answers

Based on the socio-economic effect, the possible solution to the issue of urban sprawl is "Revitalization of existing urban centers and towns."

What is the Revitalization of existing urban centers and towns?

The revitalization of existing urban centers and towns is how the urban centers and towns are reorganized to improve the environment or neighborhoods in decline.

One possible economic consequence of this solution is "gentrification."

What is gentrification?

Gentrification is a term that is used to describe the process by which poor urban area is transformed by wealthier people, thereby displacing existing inhabitants from the neighborhoods.

Hence, in this case, it is concluded that Urban Sprawl is a phenomenon that requires careful solutions to solve.

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Which of the following individuals would have most likely created the political cartoon The Freedman's
Bureau!?
• A. A former Confederate political leader
• B. A freed former slave
• C. A Northern abolitionist
• D. A Southern Republican

Answers

The Freedman's Bureau is a political cartoon that was most likely created by a Northern abolitionist. This is because the cartoon was created as a means to communicate the wrongdoings.

The southern whites towards the African Americans, specifically the freed slaves who were neglected, exploited and abused even after being granted their freedom after the civil war.These activities led to the establishment of the Freedman's Bureau in the year 1865 by the US federal government under the leadership of President Abraham Lincoln.

It's worth noting that the cartoon gained its name from the bureau that was established to help with the rehabilitation of the African Americans in the south by providing them with free food, clothing, healthcare and education as well as facilitating their right to vote and participate in other civic activities. Overall, it was a campaign to ensure that the rights of the freedmen were protected and enforced.

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during the interview, hiring manager susan asked job applicants whatever questions popped into her head, with no systematic scoring procedure for their answers. this is an example of a(n) interview.

Answers

One example of an unstructured interview is this one.

What kind of interview can be a casual conversation or a free-flowing discussion of ideas?

Unstructured interviews are those in which the interviewer poses spontaneous, unplanned questions. In unstructured interviews, questions come out on their own during a naturally flowing conversation, therefore different questions are asked of various candidates.

What method do businesses apply to reduce the possibility of bias during employment interviews?

The Society for Human Resources Management (SHRM) advises employing structured interviews, in which candidates are asked the same set of predetermined questions that concentrate on elements that directly affect job performance. By eliminating subjective factors like ability or attractiveness, this framework reduces bias.

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During the past five years, you owned two stocks that had the following annual rates of return:
YearStock TStock B10.170.0520.120.013-0.13-0.064-0.040.0450.120.02

Compute the arithmetic mean annual rate of return for each stock. Round your answers to one decimal place.
Stock T: %
Stock B: %
Which stock is most desirable by this measure?

Answers

Stock T has a higher average annual return of 4.8% compared to Stock B's 1.2%, making Stock T more desirable in terms of this measure.

To compute the arithmetic mean annual rate of return for each stock, we sum up the annual rates of return over the five-year period and divide by the number of years. For Stock T, the sum of annual rates of return is 0.17 + 0.12 - 0.13 - 0.04 + 0.12 = 0.24. Dividing this sum by 5 years, we get an arithmetic mean of 0.048, which is equivalent to 4.8% when expressed as a percentage. For Stock B, the sum of annual rates of return is 0.05 + 0.01 - 0.06 + 0.04 + 0.02 = 0.06. Dividing this sum by 5 years, we get an arithmetic mean of 0.012, equivalent to 1.2% as a percentage.

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In the bcg matrix, ________ are characterized by high share and low growth and are the key sources of internal cash generation for a firm.

Answers

In the bcg matrix, cash cows are characterized by high share and low growth and are the key sources of internal cash generation for a firm.

What is the bcg matrix?

This is the term that is used to refer to the way that the products of a business is analyzed. The reason why this is done is so that it would be able to aid in the strategic planning of the business. It helps in the assessment of the current state of the product line that the business owns.

Hence we can conclude that In the bcg matrix, cash cows are characterized by high share and low growth and are the key sources of internal cash generation for a firm.

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What is the first thing the law requires you to do when you arrive at an intersection? Explain what you should do if there is an officer directing traffic.

Answers

Answer:

If a law enforcement officer if directing traffic where there are traffic lights, OBEY the officer – not the signals. You must yield the right-of-way to all other traffic and pedestrians at stop signs. Move forward only when the road is clear. At four-way signs, the first vehicle to stop should move forward first.

The very first action we do is stop at the junction as if it were a red light and waiting for police to notify you when it is safe to go.

Explanation:

If a police officer directs traffic in an area with traffic signals, respect the officer rather than the signals. At stop signs, you must surrender the right-of-way to all other cars and pedestrians. Only proceed when the road is clear. When approaching a four-way stop, the first car to halt shall proceed first.

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What is the first thing the law requires you to do when you arrive at an intersection? Explain what you

what system provides safe, convenient, and efficient movement of people and goods from place to place?

Answers

The system that provides safe, convenient, and efficient movement of people and goods from place to place is traffic.

The primary goal of traffic control is to manage the movement of people and commodities as effectively and safely as feasible. The multiple purposes, however, usually clash or compete. Commercial airlines, for example, are frequently detained on the ground at their originating airport until they gain approval to land at a destination.

Only when the destination airport considers that the number of planes due to arrive at a specific time is small enough that local air traffic controllers can assist the plane in landing without exceeding their human limitations and jeopardising safety is the clearance granted.

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why is training important for a good job?plz answer​

Answers

the employee who receives the necessary training is more able to perform in their job. ... A training program allows you to strengthen those skills that each employee needs to improve. A development program brings all employees to a higher level so they all have similar skills and knowledge.
Advantages of training

Increased job satisfaction and morale among employees.
Increased employee motivation.
Increased efficiencies in processes, resulting in financial gain.
Increased capacity to adopt new technologies and methods.
Increased innovation in strategies and products.

Callaghan Motors' bonds have 10 years remaining to maturity. Interest is paid annually, they have a $1,000 par value, the coupon interest rate is 8%, and the yield to maturity is 9%. What is the bond's current market price? 7-2 YIELD TO MATURITY AND FUTURE PRICE A bond has a $1,000 par value, 10

Answers

Answer:

market value = $935.83

Explanation:

N = 10 years

par value = $1,000

coupon rate = 8%

coupon payment = $80

yield to maturity = 9%

current market price:

PV of face value = $1,000 / (1 + 9%)¹⁰ = $422.41

PV of coupon payments = $80 x 6.4177 (PVIFA, 9%, 10) = $513.42

market value = $935.83

Operations management converts resources into goods and services.

a. true
b. false

Answers

Operations management converts assets into items and offerings. True

Operations management (OM) is the management of commercial enterprise practices to create the best level of performance feasible within an organization. it's miles involved with changing substances and exertions into goods and offerings as efficiently as possible to maximize the profit of an organization.

Eminence and potential consist of four operational tactics: extent, range, variation, and visibility. establishments live on and flourish whilst operations control lies within the palms of in a position manager to manage core sports that rework key assets into deliverable services or products.

Operations management serves as a company's engine room and plans and drives production and offerings. Operations managers maximize performance, productivity, and profit, which might be essential to a corporation's boom, survival, and an aggressive part.

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Cain Company reports net cash provided by operating activities of $35,000. It also reports the following information under “Adjustments to reconcile net income to net cash provided by operating activities” on its statement of cash flows (using the indirect method).

Cain Company reports net cash provided by operating activities of $35,000. It also reports the following

Answers

It can be seen from the solutions given that Cain's net income is $24,000.

Here is the solution:

Net income = Net cash provided by operating activities - Adjustments

= $35,000 - $6,000 - $10,000 + $4,000 + $7,000 + $4,000

= $24,000

Therefore, Cain's net income is $24,000.

Here is a breakdown of the adjustments:

To determine cash flow from operations, it is necessary to include the gain on equipment sales in the net income as it is a non-cash entry.

A rise in accounts receivable implies that customers are prolonging payment of their invoices, resulting in decreased cash flow from the company's activities.

The depreciation expense is classified as a non-cash expense, hence it must be included in the calculation of cash from operations by adding it back to the net income.

A decrease in inventory indicates that the company is experiencing faster turnover of its inventory, leading to increased cash flow generated by its operations.

A rise in prepaid expenses denotes that the company is channeling more funds towards prepaid expenditures like insurance and rent, implying a reduced cash inflow from its operational activities.

A decline in the amount of wages that the company owes indicates that it is not promptly compensating its workforce. Consequently, this implies that the company's operational cash flow is reduced.

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true or false holding all other factors constant, income earned from capital is more unequally distributed than income earned from labor.

Answers

True. Income earned from capital is more unequally distributed than income earned from labor when all other factors are held constant.

Capital income, such as dividends, interest, and capital gains, tends to benefit those who own a greater share of the economy's capital stock, which is typically a small and wealthy segment of the population. On the other hand, labor income, such as wages and salaries, tends to be more evenly distributed among workers. However, it's important to note that factors such as education, skills, and job experience can also impact the distribution of labor income.

Holding all other factors constant, income earned from capital is typically more unequally distributed than income earned from labor. This is because capital income, such as dividends and capital gains, tends to be concentrated among the wealthier individuals in society, while labor income is more evenly distributed across the population.

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In defining marketing goals and objectives, they must be specific, easy to understand and must be acceptable to everyone. Improve the poorly stated objectives below by re-writing into well-stated objectives to achieve profitability of the business. Consider the SMART principle.
1. To develop existing products by creating new products to offer.
2. To improve awareness and demand to tourist in destination.
3. To preserve, conserve, and protect environment.

Answers

Marketing goals and objectives are essential for the success of any business. These objectives must be specific, easy to understand and must be acceptable to everyone. They should be in line with the SMART principle.

SMART goals are specific, measurable, achievable, relevant, and time-bound. Here are the objectives re-written in well-stated objectives to achieve the profitability of the business:

To develop new products to offer, targeting the existing customers.

Specific: This objective is specific as it mentions that the focus is on developing new products.

Measurable: This objective is measurable as it targets existing customers.

Achievable: This objective is achievable as the business is focusing on its existing customers.

Relevant: This objective is relevant as it focuses on developing new products for existing customers.

Time-bound: There is no time limit mentioned for achieving the objective. Therefore, the objective is not time-bound. The objective can be rephrased to include a time limit, e.g., To develop two new products by the end of the financial year.

To increase tourist awareness and demand in the destination.

Specific: This objective is specific as it mentions increasing awareness and demand.

Measurable: This objective is measurable as awareness and demand can be measured.

Achievable: This objective is achievable as it targets a specific audience and can be done through targeted marketing.

Relevant: This objective is relevant as it focuses on increasing the number of tourists in the destination.

Time-bound: There is no time limit mentioned for achieving the objective. Therefore, the objective is not time-bound. The objective can be rephrased to include a time limit, e.g., To increase tourist awareness and demand in the destination by 30% in the next six months.

To preserve, conserve, and protect the environment.

Specific: This objective is not specific as it does not mention how the business will preserve, conserve, and protect the environment.

Measurable: This objective is not measurable as it does not provide a way to measure how much the environment will be preserved, conserved, and protected.

Achievable: This objective is achievable as it is a general objective, but it needs to be more specific.

Relevant: This objective is relevant as it is essential to preserve and protect the environment.

Time-bound: There is no time limit mentioned for achieving the objective. Therefore, the objective is not time-bound. The objective can be rephrased to include a time limit, e.g., To reduce paper usage by 50% in the next six months.

Marketing objectives must be specific, measurable, achievable, relevant, and time-bound. The objectives mentioned in the question can be rephrased to meet the SMART principle. To achieve profitability, businesses must set goals that are specific and can be measured. They must also be achievable and relevant to the business's mission. Finally, goals must be time-bound to provide a deadline for achieving them.

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When given an Income Statement, Balance Sheet, and Cash Flow Statement, how would you calculate the following in excel:

DuPont Analysis. Break down your company’s Return on Equity, ROE, into the 3-part DuPont Equation for each year. Comment on what factors caused changes in your company’s ROE over the time period.

Answers

To calculate the DuPont Analysis and break down a company's Return on Equity (ROE) into the three-part DuPont Equation in Excel, you need to analyze the company's Income Statement, Balance Sheet, and Cash Flow Statement. The three components of the DuPont Equation are Profit Margin, Asset Turnover, and Equity Multiplier. Analyzing changes in each component over time can help identify factors influencing the company's ROE.

To perform DuPont Analysis in Excel, follow these steps:

Retrieve the necessary financial statements, including the Income Statement, Balance Sheet, and Cash Flow Statement, for each year of analysis. Calculate the Profit Margin by dividing Net Income by Total Revenue. This ratio measures how efficiently the company generates profits from its sales.

Calculate the Asset Turnover by dividing Total Revenue by Average Total Assets. This ratio indicates how effectively the company utilizes its assets to generate sales. Calculate the Equity Multiplier by dividing Average Total Assets by Average Shareholders' Equity. This ratio shows the leverage or financial structure of the company.

Calculate the ROE by multiplying the Profit Margin, Asset Turnover, and Equity Multiplier. The formula for ROE is: ROE = Profit Margin x Asset Turnover x Equity Multiplier.

By analyzing changes in each component of the DuPont Equation over time, you can identify factors influencing the company's ROE. For example, an increase in Profit Margin may indicate improved cost management or pricing strategies. An increase in Asset Turnover may suggest increased efficiency in utilizing assets. Changes in the Equity Multiplier can be influenced by factors such as debt financing or stock buybacks.

In conclusion, DuPont Analysis allows for a comprehensive breakdown of a company's ROE by analyzing the Profit Margin, Asset Turnover, and Equity Multiplier. Examining changes in these components over time can provide insights into the factors impacting the company's ROE, including profitability, asset utilization, and financial leverage.

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suppose you want to have $300,000 for retirement in 20 years. your account earns 6% interest. round your answers to the nearest cent. a) how much would you need to deposit in the account each month? $ 298.65 incorrect b) how much interest will you earn?

Answers

a)Total Deposited = PMT * n * t = $6.80 * 12 * 20 = $1,632

b) You will earn $298,368 in interest over 20 years.


FV = PMT * [(1 + r)^nt - 1] / r
where FV is the future value ($300,000), PMT is the monthly deposit, r is the monthly interest rate (0.06 / 12), n is the number of times interest is compounded per year (12), and t is the number of years (20).

We need to solve for PMT:

$300,000 = PMT * [(1 + 0.06/12)^(12*20) - 1] / (0.06/12)

First, calculate the value inside the brackets:

(1 + 0.06/12)^(12*20) = 3.207

Subtract 1:

3.207 - 1 = 2.207

Now, divide by the monthly interest rate:

2.207 / (0.06/12) = 44154.50

Now, solve for PMT:

PMT = $300,000 / 44154.50 = $6.80 (rounded to the nearest cent)

a) You would need to deposit $6.80 per month to reach your retirement goal of $300,000 in 20 years.

To calculate the total interest earned, we will first find the total amount deposited:

Total Deposited = PMT * n * t = $6.80 * 12 * 20 = $1,632

Now, subtract the total deposited from the retirement goal:

Interest Earned = $300,000 - $1,632 = $298,368

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although cotton was central to the southern economy by the 1850s, cotton production did not really increase significantly between 1800 and 1850.

Answers

Cotton was central to the Southern economy by the 1850s, but its production did not increase significantly between 1800 and 1850.

By the middle of the 19th century, cotton had become a significant economic force in the south of the United States, although the first half of the century saw little growth in the crop's output. Despite the introduction of new technology and the extension of cotton farming into new areas, the rate of output increase generally remained modest.

This was caused in part by restrictions on the amount of land, labour, and money that could be used as well as changes in the demand for cotton on a worldwide scale. The growth of cotton farming in the South throughout the second half of the 19th century, however, had a significant impact on American history and society.

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False. Despite cotton's importance to the Southern economy in the 1850s, its production did not significantly increase between 1800 and 1850, with most of the expansion occurring after 1850.

The production of cotton did not greatly rise between 1800 and 1850, despite cotton being an essential component of the Southern economy in the middle of the 19th century. In actuality, the growth in cotton output in the South began mostly after 1850 and was fueled by the rising demand for cotton in the North and in Europe's textile mills. Although the cotton gin's development in the late 18th century simplified cotton processing, it did not necessarily result in a material rise in output. The expansion of cotton production in the South was influenced by a number of additional factors, including land accessibility, labor supply, and transportation infrastructure.

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A US based company is attempting to merge with a French National conglomerate. With IFRS and GAAP being so different, what would be some of the challenges the two sides may face with the merger from an accounting standpoint?

Answers

The merger between a US-based company and a French National conglomerate can pose several challenges from an accounting standpoint due to the differences between International Financial Reporting Standards (IFRS) and Generally Accepted Accounting Principles (GAAP). Some of the challenges they may face include:

Accounting Principles: IFRS and GAAP have different underlying principles and concepts. IFRS is principles-based, emphasizing substance over form, while GAAP is rules-based, providing specific guidelines for various transactions. The differences in accounting principles can lead to variations in the recognition, measurement, and presentation of financial information.

Financial Statement Presentation: IFRS and GAAP have different requirements for financial statement presentation. The formats and classifications of items on the balance sheet, income statement, and cash flow statement may vary between the two sets of standards. This can make the comparison and consolidation of financial statements challenging.

Revenue Recognition: IFRS and GAAP have differing guidance on revenue recognition, particularly in areas such as the timing of revenue recognition, multiple-element arrangements, and percentage-of-completion method for long-term contracts. Aligning the revenue recognition policies of the merging entities can be a complex task.

Valuation of Assets and Liabilities: IFRS and GAAP may have different rules for the valuation of assets and liabilities, such as inventory, property, plant, and equipment, intangible assets, and financial instruments. Differences in valuation methodologies can impact the reported values of assets and liabilities, which can have implications for financial ratios, financial performance, and tax implications.

Business Combinations and Goodwill: IFRS and GAAP have different requirements for accounting for business combinations and the subsequent treatment of goodwill. For example, IFRS allows for the option of measuring goodwill at cost or using the impairment model, while GAAP follows a more strict impairment-only model. This can result in differences in the recognition and measurement of goodwill and the related impact on financial statements.

Disclosures: IFRS and GAAP have varying disclosure requirements, with differences in the level of detail and specific disclosures mandated for certain transactions and events. Harmonizing the disclosure requirements can be a complex task to ensure compliance with both sets of standards.

These are just a few examples of the challenges that may arise during the merger process from an accounting standpoint. It is crucial for the merging entities to have a thorough understanding of the differences between IFRS and GAAP and work closely with accounting professionals and advisors to address these challenges effectively and ensure accurate financial reporting and compliance with relevant regulations.

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Luna company accepted credit cards in payment for $6,000 of services performed during july. The credit card company charged luna a 4 percent service fee; it paid luna as soon as it received the invoices. Required based on this information alone, what is the amount of net income earned during the month of july?.

Answers

The net income earned is $240

The term net income refers to a company's net earnings. It is determined by subtracting total expenses from total receipts. The term total expenditure can refer to a variety of things, such as taxes, business expenditures, interest payments, fees, and depreciation. The calculation of shareholders' earnings per share is aided by net income.

1.

Dr.  Account Receivable $5,760

Dr. Service charges         $240

Cr.  Service revenue        $6,000

2.

Dr.  Cash                            $5,760

Cr.  Accounts receivable  $5,760

Working Notes

Assuming all the sales are performed on the account first Then cash is received after the issuance of the invoice.

Service revenue                      $6,000

Less: Credit card expenses    $ (240)

Net income                              $5,760

Service charges = $6,000 x 4% = $240

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how do i get an egg out of my fridge????? HELP NEED TO KNOW ASAP

Answers

Answer:

open fridge!!!

Explanation:

STEP 1: open fridge

STEP 2: find the egg then grab with hand!!!!!!!!

(Its really hard!!)

High Country Apparel signed a $75,000, two-year, interest-bearing, 5% note on October 1, 20XX. The maturity value of the note is:

Answers

Based on the information given the maturity value of the note is: $82,500.

Using this formula

Maturity value of note=Principal amount+(Principal amount× Number of year× Interest rate)

Where:

Principal amount=$75,000

Number of year=2 year

Interest rate=5% or 0.05

Let plug in the formula

Maturity value of note=$75,000+($75,000×2 year×0.05)

Maturity value of note=$75,000+$7,500

Maturity value of note=$82,500

Inconclusion  the maturity value of the note is: $82,500.

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How does the size of the U.S. budget deficit in 2010 compare to the time period since 1950? A. I has expanded dramaticallysince 2007. In 2010, the deficit -GDP ratio was 10 percent, well above the historical average of around 2 per ent B. It has not changed significantly since 1950, since 1950. C. It has constantly expanded since 1950. In 2010, the deficit-to-GDP ratio was 10 percent, well above the historical average of around 2 percent D. It increased slightly from 1950 to 1983, and then since 1950 190. nd hen reconty docrosed. ict P ratio was 10 percent, welundr h 1983 pouk of around 16 percent

Answers

The increase in the deficit in 2010 was due to the economic crisis rather than a structural problem with the budget, and since then the deficit has been decreasing.

The U.S. budget deficit in 2010 was significantly larger than it had been in the time period since 1950. In 1950, the deficit-to-GDP ratio was around 2 percent, while in 2010 it had risen to 10 percent, well above the historical average. This increase was largely due to the economic recession that began in 2007, which caused a dramatic rise in government spending and a decrease in tax revenues.

There was also a steady increase in the deficit-to-GDP ratio from 1950 to 1983, when it reached a peak of around 16 percent. Since then, however, the deficit has gradually decreased, reaching a low of 2.4 percent in 2015. The increase in the deficit in 2010 was due to the economic crisis rather than a structural problem with the budget, and since then the deficit has been decreasing.

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Why might some investors become careless about their portfolios ?

Answers

Investors hold diversified portfolios in order to reduce risk, that is, to lower the variance of the portfolio, which is considered a measure of risk of the portfolio.
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