Katie Inc. reported net income of $186,000 during 2014 and paid dividends of $26,000 on common stock.
Question:
Katie Inc. reported net income of $186,000 during 2014 and paid dividends of $26,000 on common stock. It also has 10,000 shares of 6%, $100 par value, noncumulative preferred stock outstanding. Common stockholders’ equity was $1,200,000 on January 1, 2014, and $1,600,000 on December 31, 2014. The company’s return on common stockholders’ equity for 2014 is:
(a) 10.0%.
(b) 9.0%.
(c) 7.1%.
(d) 13.3%.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (1 review)
Answered By
Aysha Ali
my name is ayesha ali. i have done my matriculation in science topics with a+ . then i got admission in the field of computer science and technology in punjab college, lahore. i have passed my final examination of college with a+ also. after that, i got admission in the biggest university of pakistan which is university of the punjab. i am studying business and information technology in my university. i always stand first in my class. i am very brilliant client. my experts always appreciate my work. my projects are very popular in my university because i always complete my work with extreme devotion. i have a great knowledge about all major science topics. science topics always remain my favorite topics. i am also a home expert. i teach many clients at my home ranging from pre-school level to university level. my clients always show excellent result. i am expert in writing essays, reports, speeches, researches and all type of projects. i also have a vast knowledge about business, marketing, cost accounting and finance. i am also expert in making presentations on powerpoint and microsoft word. if you need any sort of help in any topic, please dont hesitate to consult with me. i will provide you the best work at a very reasonable price. i am quality oriented and i have 5 year experience in the following field.
matriculation in science topics; inter in computer science; bachelors in business and information technology
_embed src=http://www.clocklink.com/clocks/0018-orange.swf?timezone=usa_albany& width=200 height=200 wmode=transparent type=application/x-shockwave-flash_
4.40+
11+ Reviews
14+ Question Solved
Related Book For
Financial And Managerial Accounting
ISBN: 9781118004234
1st Edition
Authors: Donald E. Kieso, Paul D. Kimmel, Jerry J. Weygandt
Question Posted:
Students also viewed these Business questions
-
Jing has a business making coffee tables, which he sells to both wholesale and retail clients.In July 2020 his factory was destroyed after faulty electrical wiring caused an uncontrollablefire....
-
The reduced row echelon form of a system of linear equations is given. Write the system of equations corresponding to the given matrix. Use x, y; or x, y, z; or x 1 , x 2 , x 3 , x 4 as variables....
-
The following are four observations collected from each of three treatments. Test the hypothesis that the treatment means are equal. Use the .05 significance level. a. State the null and the...
-
A wooden bookshelf has external dimensions as follows :Height = 110cm, Depth = 25cm, Breadth = 85cm (see figure). The thickness of the plank is 5 cm everywhere. The external faces are to be polished...
-
1) At the breakeven point of 400 units, variable cost were $400 and fixed costs were $200. how much will the 401st unit sold contribute to operating profit before income taxes? 2) Break even would...
-
Pat builds a track for his model car out of wood, as in Figure P12.6. The track is 5.00 cm wide, 1.00m high, and 3.00 m long, and is solid. The runway is cut such that it forms a parabola with the...
-
Pattys Pumpkin Pies collected the following production information relating to Novembers baking operations: Requirements: Complete the first two steps in the process costing procedure: 1. Summarize...
-
a. Assume that you are called in as a forensic accountant to advise Geox. How would you suggest evaluating the contemplated open-source shopping cart systems? b. How does the fact that the systems...
-
1. 2. (c) Be(OH)2 (d) Sr(OH)2 Number of amphoteric compounds among the following is (a) BeO (B) Bao The stepwise formation of [Cu(NH)]* is given below: C ANH, LE [Cu(NH, ) [Cu(NH)]+NH, [Cu(NH3)2]+NH,...
-
When a stockholders equity statement is presented, it is not necessary to prepare a (an): (a) retained earnings statement. (b) balance sheet. (c) income statement. (d) None of the above.
-
Which of the following is not reported under additional paid-in capital? (a) Paid-in capital in excess of par value. (b) Common stock. (c) Paid-in capital in excess of stated value. (d) Paid-in...
-
When you look at the 2010 annual report for Kelloggs Company at http://investor.kelloggs.com/annuals.cfm, do you think Kelloggs uses a voucher system?
-
Consider the following pseudocode. The input values for x are 1.0, 5.1, 2.4, 7.2, and 5.3. What are the output values? repeat i = 1 read a value for x if ((x < 5.0) and (2x < 10.7)) or (5x>5.1) then...
-
Show that the circulation of \(\mathbf{F}(x, y, z)=\left\langle x^{2}, y^{2}, z\left(x^{2}+y^{2}ight)ightangle\) around any curve \(C\) on the surface of the cone \(z^{2}=x^{2}+y^{2}\) is equal to...
-
Let S S be the side of the cylinder x 2 + y 2 = 4 , 0 z 2 x 2 + y 2 = 4 , 0 z 2 (not including the top and bottom of the cylinder). Use Stokes' Theorem to compute the flux of F ( x , y , z ) = 0...
-
Compute the flux \(\oint_{\partial \mathcal{D}} \mathbf{F} \cdot \mathbf{n} d s\) of \(\mathbf{F}(x, y)=\left\langle x^{3}+2 x, y^{3}+yightangle\) across the circle \(\mathcal{D}\) given by...
-
What is the notation for the two special nodes that start and finish an activity diagram?
-
Refer to the financial information for Kelloggs and General Mills reproduced at the end of this book. Required 1. What is the balance in Cash and cash equivalents on the balance sheet of each company...
-
I frequently use NY Times and CNN and am aware of Fox News but I never use it. I visit these sites, NY Times and CNN, a few times a week whenever I have to research something or see something on...
-
Assume that the following transactions occurred between Brighton Medical Supply and a Best drug store during April of the current year. Apr 6 Best purchased $5,800 of merchandise from Brighton...
-
Assume that the following transactions occurred between Springfield Medical Supply and a Brookston drug store during September of the current year. Sep 6 Brookston purchased $6,300 of merchandise...
-
The end-of-month trial balance of St. Paul Technology, Inc., at January 31, 2012, follows: Additional data at January 31, 2012: a. Supplies consumed during the month, $1,400. Half is selling expense,...
-
If Cookies United has 40% common stock, 10% preferred stock and the rest of its capital structure is debt, what is its WACC? Cost of Debt = 5% Cost of Common Stock = 8% Cost of Preferred = 7% Tax...
-
Use the following information for the next 4 questions. Retained Earnings Preferred Stock, 6% $100 issued $800,000 $250,000 par value, 8,000 shares $ 50,000 $500,000 $100,000 Paid-in Capital in...
-
A company has the following capital structure Rs. 10,000 Equity Share of Rs. 10 each 1,00,000 2,000 10% Preference Share of Rs. 100 each 2,00,000 2,000 10% Debentures of Rs. 100 each 2,00,000...
Study smarter with the SolutionInn App