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Amanda [17]
3 years ago
5

Topper Corporation has 60,000 shares of $1 par value common stock and 16,000 shares of cumulative 7%, $100 par preferred stock o

utstanding. Topper has not paid a dividend for the prior year. If Topper declares a $1.95 per common share dividend this year, what will be the total amount they must pay their shareholders
Business
1 answer:
artcher [175]3 years ago
4 0

Answer:

$341,000

Explanation:

The computation of the total amount of dividend paid to the shareholders is shown below:

In case when there is cumulative preferred stock, so the previous year preference dividend should be added to the current year

Preferred dividend is

= 16,000 shares ×  7% × $100 par

= $112,000

Now the total preferred dividend is

= $112,000 × 2 years

= $224,000

And, the common shares dividend is

= 60,000 shares ×  $1.95

= $117,000

So,  

Total dividends payable is

= $224,000 + $117,000

= $341,000

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artcher [175]

Answer:

c. gives all employees the responsibility for achieving quality goals.

Explanation:

Total quality management is the process by which processes are continuously streamlined to avoid errors, improve experience of customers, and maintain training of employees. Every employee takes responsibility for producing final quality product.

The main focus of total quality management is to produce quality product by continuously improving the manufacturing process.

Although TQM originated in the manufacturing industry, it is applied in banking, finance, and medicine.

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Which of the following is considered a service in the calculation of gdp?
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Answer:

A)Tax preparation

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Gross domestic product is the sum total of all goods and services produced by a country within a given period.

Goods are tangible products that are produced by the country and in this scenario includes photographs, reclining chairs, and photographs.

Services on the other hand are those intangible actions that produce value to the end user. An example of service is tax preparation.

If an individual requires his taxes to be prepared but does not have the skill to do it. They will hire someone to do it and pay for the service.

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You place an order for 1,600 units of Good X at a unit price of $53. The supplier offers terms of 2/30, net 50. a-1. How long do
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Answer:

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b-3. If you do take the discount, how much should you remit?

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c-2. How many days’ credit are you receiving?

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