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katen-ka-za [31]
3 years ago
8

On January 2, 2014, Sunland Corporation issued 31100 shares of 5% cumulative preferred stock at $100 par value. On December 31,

2017, Sunland Corporation declared and paid its first dividend. What dividends are the preferred stockholders entitled to receive in the current year before any distribution is made to common stockholders?
Business
1 answer:
Irina18 [472]3 years ago
5 0

Answer:

$622,000

Explanation:

Annual dividend = 31,100 × 5% × $100 = $155,500

Since it a cumulative preferred stock, it implies that dividend for each of the previous years when dividend were not paid by Sunland Corporation will be accumulated and paid together with the current one.

Since January 2, 2014 to December 31, 2017 is 4 years, that means dividend will be paid to cumulative preferred stock holders for 4 years as follows:

Preferred stockholders dividend for 4 years = $155,500 × 4 = $622,000

Therefore, preferred stockholders are entitled to receive $622,000 in the current year before any distribution is made to common stockholders.

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Maren received 10 NQOs (each option gives her the right to purchase 8 shares of stock for $8 per share) at the time she started
bonufazy [111]

Answer:

Option (b) is correct.

Explanation:

Sale of share = NQOs received × No. of shares × Selling price per share

                      = 10 × 8 × $22

                      = $1,760

Gain realised:

= Sale of share - Basis

= $1,760 - [NQOs received × No. of shares × Selling price per share at $15]

= $1,760 - [10 × 8 × $15]

= $1,760 - $1,200

= $560

Tax paid = Gain realised × preferential rate

               = $560 × 15%

               = $84

6 0
3 years ago
You are opening up a brand new retail strip mall. You presently have more potential retail outlets wanting to locate in your mal
ExtremeBDS [4]

Answer:

A) Profitability index.

Explanation:

Based on the scenario being it can be said that the most appropriate tool to use in this specific situation would be a Profitability index. This is a ratio that weighs the payoff to the investment of a specific project. It is allows individuals to rank projects on the amount of value that they will be getting from them. Thus allowing you to choose the most optimal projects in situations such as this one.

7 0
3 years ago
How to empower employees ?
Zepler [3.9K]

Answer:

set clear boundarys

dont be afaid to yell

Explanation:

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All of the following are the types of term insurance depending on how the face amount changes during the policy term EXCEPT (Cho
grigory [225]

Answer:

1- Increasing

Explanation:

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- Renewable

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- Level

There is no such policy as Increasing under term insurances.

Under renewable term insurance the insurer can renew on a yearly basis without specifying specific term.

Under decreasing term insurance the insurer pays a fixed amount for the duration of the policy. The coverage of this life insurance policy declines at a predetermined rate over the life of the policy that's why the name decreasing.

Under Level term insurance the insurer also pays a fixed amount and policies under this insurance type cover a period, mostly between ten to thirty years.

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3 years ago
An owner of a corporation is known as a(n):Group of answer choicesLimited partner.Stockholder.General partner.Director.
alexdok [17]

Answer:

Director

Explanation:

8 0
3 years ago
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