Answer:
The dividend payable to the cumulative preferred stock holers in 2021 is $11,550 while the amount payable to common stock holders is $1,450.
Explanation:
Cumulative preferred stock dividends accrue and becomes payable when the reporting entity has favourable cash flows. Rachael Designs plans to make payment of $13,000 dividends in 2021. As the annual cumulative preferred dividend is $3,850 (1,100 shares x $50 x 7%), the amount due over three years will be $3,850 x 3 whcih is $11,550. Thus, out of the proposed cash outflow of $13,000, the amount of $11,550 will be paid to cumulative preferred stock holders while only $1,450 will be paid to the common stock holders.
If the firm can increase its profit by increasing its output then the firm is not producing at where the marginal cost is equal to the marginal revenue. A profit-maximizing firm in a competitive market will produce its output at the point in which MC=MR.
Answer:
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Answer:
4 minutes.
Explanation:
The rate of flow from the tap is 2 gallons every six second
which comes out to be 1 gallons per 3 seconds.
so for 80 gallons we can simply
3 * 80 = 240 which is 240 seconds.
Thus it would take 4 minutes to fill up the 80 gallon tub.
