A company is formed with the issue of 100000 6% non-cumulative preference shares of $1 each and 300000 ordinary shares of $1 each issued at a premium of $0.20. It earned profits of $3000, $16000 and $31000 in the first three years of trading. The directors wish to pay an ordinary dividend of 5% each year when possible. What value of ordinary dividends does the company actually pay in years 2 and 3? year 2 year 3 $ $ A 7000 15000 B 7000 18000 C 10000 15000 D 10000 18000

The statements of financial position of Goh's business showed the following: 30 June 2014 30 June 2015 net assets $15…

P joined the partnership of G and H. He brought into the business the following assets. non-current assets cost $2500…

X and Y have capital accounts of $50000 each and share profits equally. They plan to admit Z into partnership. The ne…

A business produces and sells watches. In 2015, 4000 watches were produced and 3600 watches were sold. Other informat…

Which items are included in the marginal cost of a unit of production?

Which statements about cost-volume-profit analysis are correct? 1 Profits are calculated on an absorption costing bas…