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4 years ago

Y

Business

1 answer:

RSB [31]4 years ago

8 0

Answer:

#2Simple interest is interest paid only on the original investment whereas compound interest paid both on the original investment and on all interest that has been added to the original investment. Since compound interest is calculated based on a larger amount than simple interest, it results in a larger amount of money over time.

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Which of these are undergraduate degrees?

dedylja [7]

Answer:

Bachelor's and Associate's

Explanation:

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3 years ago

If Schrumpf LLC, a semiweekly depositor, is required to deposit $3,090 of 941 taxes, what is the maximum amount of their shortfa

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3 years ago

Suppose the price of a complement to LCD televisions rises. What effect will this have on the market equilibrium for LCD TVs?

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3 years ago

Brandy enterprises discarded a computer that was fully depreciated and had no residual value. as a result of this transaction,

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4 years ago

Cooper Industries, Inc. began 2012 with retained earnings of $25.32 million. During the year it paid four quarterly dividends of

d1i1m1o1n [39]

Answer:

The correct answer is option C:

$750,000; $3,850,000; $4,600,000; $25,870,000

Task 1

Annual cash dividend preferred stock = $750,000

Task 2

Total annual common stock dividend = $3,850,000

Task 3

Total dividend paid = $4,600,000

Task 4

Retained earnings balance = $25,870,000

Explanation:

Task 1:

Annual cash dividend preferred stock

Preferred shares = 500,000 shares

semi-annual dividend (after six months) = $0.75 per share

500,000 shares × 0.75 per share × 2 times = $750,000 (A)

Task 2:

Total annual common stock dividend

Quarterly dividend = $0.35 per share

Common shares = 2,750,000 shares

Total quarterly dividend = 2,750,000× $0.35 per share

Total quarterly dividend = $962,500

Total annual common stock dividend = $962,500 × 4

Total annual common stock dividend = $3,850,000 (B)

Task 3

Total dividend paid

Total dividend paid (A+B) = Annual cash dividend -preferred stock + Total annual common stock dividend

Total dividend paid = $750,000 + $3,850,000

Total dividend paid = $4,600,000

Task 4

Retained earnings balance

Retained earnings balance = Opening retained earnings + Net income after total cash dividend paid

Retained earnings balance = $25,320,000 + $5,150,000 - $4,600,000

Retained earnings balance = $25,870,000

3 0

4 years ago