1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Mashutka [201]
3 years ago
11

. Micro Office Products has issued 5,000 shares of cumulative preferred stock that will earn dividends at $2.38 per share; it ha

s also issued 12,000 shares of common stock. $110,000 is available for dividends. What is the dividend per share of common stock?
Mathematics
1 answer:
Lapatulllka [165]3 years ago
3 0
110000 is the total dividends of both preferred stock and common stock
So we need to find the dividend per share common stock

First find the total dividends of preferred stock
5,000×2.38=11,900


Subtract the total dividends of preferred stock for the total dividends to find the total dividends of common stock
110,000−11,900=98,100

Finally divide the total dividends of common stock by the number of common stock to find the dividend per share of common stock
98,100÷12,000=8.175....answer

Hope it helps!
You might be interested in
Choose whether each sum is positive or negative.
igomit [66]
Negative
Positive
Positive
Negative
8 0
3 years ago
B) Tyler swam 32 laps in the pool. Kevin swam 3 times as many laps as Tyler. Lets the number of
evablogger [386]

If Tyler did 32 laps and Kevin did 3 times that amount; its quite simple, you would find three times the amount of Tylers laps which is 96.

4 0
2 years ago
Read 2 more answers
Can anyone help me with this question
pashok25 [27]

Log base 3 of 4 + log base 3 of 11= log base 3 of 4•11; Answers is 11

4 0
3 years ago
A number divided by 5 is 22 find the number
Naddika [18.5K]

110 just multiply 5 by 22


4 0
3 years ago
Read 2 more answers
If 10% is deducted from a bill, $58.50 remains to be paid. How much is the original bill?
NARA [144]

Answer:

From the above we can roughly for an equation which is:

58.50 = Bill - (10% x Bill)

58.5 = Bill - (1/10 x Bill)

58.5 = 9/10 x Bill (Divide both sides by 9/10)

We get:

Bill = 58.5 / (9/10)

Bill = 65

Original bill is $65.

8 0
2 years ago
Other questions:
  • What is the slope of a line parallel to the line whose equation is y - x = 5?
    12·1 answer
  • 3 3/5 + y + 5 2/3= 15<br><br><br>What is y<br>i will mark
    5·2 answers
  • What is the kinetic energy, in joules, of an object that has a mass of 100 kilograms and moves with a velocity of 10 m/s?
    9·1 answer
  • Write the equation of the line that passes through (2, 3) and is parallel to the line 12x – 5y = 2.
    10·1 answer
  • Write an equation to represent the following statement.<br> The product of 7 and j is 91
    6·1 answer
  • HELPPP MEE ALGEBRAA IMAGE BELOW
    10·2 answers
  • 24/7 as a fixed number
    12·2 answers
  • 6th grade math help me pleaseeeee
    10·1 answer
  • Diego hopes to attend a public Texas university in a city more than 300 miles from his home. The website lists the following cos
    15·1 answer
  • 2.2 Evaluating Functions Practice​
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!