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jekas [21]
3 years ago
7

Jonas bought 3 books. Each book was the same price. He also used a coupon that takes $20 off the total cost. What expression can

be used to represent the total purchase?
Mathematics
1 answer:
Mademuasel [1]3 years ago
3 0

let x = the price of a book

 so you would have

 total = 3x-20

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3 years ago
Reinhardt Furniture Company has 40,000 shares of cumulative preferred 2% stock, $150 par and 100,000 shares of $5 par common sto
Ann [662]

Answer:

for year 1

common stock =  $1.75 per share

preferred stock  = Zero

for year 2

common stock =  $4.25 per share

preferred stock  = $0.3 per share

for year 3

common stock =   $3 per share

preferred stock  =  $2 per share

Step-by-step explanation:

step 1

preferred stock value =  (40000 shares * $150) = $6000000

common stock value  = (100000 shares * $5) = $500000

 step 2

For year 1:

Dividend on preferred stock;

\frac{6000000 * 2}{100} = $120000

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hence, dividend per share

= \frac{70000}{40000 shares} = $1.75 per share

Dividend on common stock;

70,000 - 70,000 = Zero

as total dividend distributed in year 1 is insufficient for cumulative preferred stock therefore no dividend will be paid on common stock.

For year 2:

Dividend on cumulative preferred stock;

\frac{6000000 * 2}{100}= $120000

extra dividend of year 1 ($120000 - $70000) = $50000

Thus total dividend on cumulative preferred stock

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\frac{170000}{40000\ shares}= $4.25 per share

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($200000 – $170000) = $30000

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\frac{30000}{100000\ shares} = $0.3 per share

For year 3:

Dividend on cumulative preferred stock;

\frac{6000000 * 2}{100} = $120000

total dividend on cumulative preferred stock $120000

dividend per share

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No dividend was extra in the year 2 therefore only available dividend of this year will be paid.

Dividend on common stock;

($320000 – $120000) = $200000

dividend per share

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3 0
3 years ago
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