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9966 [12]
3 years ago
6

Ultimate Sportswear has $100,000 of 8 noncumulative, nonparticipating, preferred stock outstanding. Ultimate Sportswear also has

$500,000 of common stock outstanding. In the company's first year of operation, no dividends were paid. During the second year, the company paid cash dividends of $30,000.
How should this dividend should be distributed ?
Business
1 answer:
andrew-mc [135]3 years ago
7 0

Answer:

Preferred dividend = $8,000

Common stock dividend = $22,000

Explanation:

The computation of dividend is shown below:-

Preferred dividend = Total shares × Total shares of Noncumulative, nonparticipating, preferred stock outstanding

= $100,000 × 0.08

= $8,000

Common stock dividend = Cash dividend - Preferred dividend

= $30,000 - 8,000

= $22,000

Therefore the Preferred dividend is $8,000 and Common stock dividend is $22,000

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GDP calculated using the expenditure approach = Consumption spending by households + Investment spending by businesses + Government spending + Net export

contribution to GDP = value of final good - value of intermediate good

14 = 2 = 12

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Answer

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