Answer: $160,000
Explanation:
Given the following:
Par value = $100
Rate of Dividend = 8% = 0.08
Number of shares = 10,000
Preferred Dividend is calculated thus:
Par value * rate of Dividend × number of preferred stock
$100 × 0.08 × 10,000 = $80,000
Since year 4 Dividend wasn't paid
Total year 5 Dividend equals:
(Year 4 Dividend + year 5 dividend)
$(80,000 + 80,000) = $160,000
<span>the lower the price, the more consumers are likely buy a product </span>
When store owners quote prices in terms of dollars, money is acting as a unit of account.
Money is anything that is generally chosen and accepted by a community as a medium of exchange and standard of value.
Money act as a unit of account because everything in the economy is quoted in terms of it. The price of any products or goods are quoted in terms of money.
Since there are many buyers and sellers in a country, unit of account stands as standard measurement for everyone in an economy; hence the foundation of every transaction in an economy.
Therefore, money is acting as a unit of account when store owners quote prices in terms of dollars.
Learn more about purpose of money here :
brainly.com/question/3182649
Examples of variable costs are labor and raw materials, which go up or down depending on how much is produced.
Examples of fixed costs are things like rent and insurance which stay the same every month regardless of production levels.
