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Vika [28.1K]
2 years ago
15

Maker-Bot Corporation has 10,000 shares of 10%, $90 par value, cumulative preferred stock outstanding since its inception. No di

vidends were declared in the first two years. If the company pays $400,000 of dividends in the third year, how much will common stockholders receive?A. $355,000B. $270,000C. $0D. $130,000E. $140,000
Business
1 answer:
AleksandrR [38]2 years ago
5 0

Answer:

D) $130,000

Explanation:

We can compute this by calculating the total dividends payable to preferred stock holders each year.

Dividends payable = 10,000 * 90 * 0.10 = $90,000

Since the shares are cumulative, the total preferred dividend payable at the end of third year is = $90,000 * 3 = $270,000

So common share in dividend = Total paid - Preferred dividend cumulative

Common Dividend share = 400,000 - 270,000 = $130,000

Hope that helps.

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Answer:

The correct answer is:

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Explanation:

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A monopoly is a market for a good or service that
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A monopoly is a market for a good or service that wants to take over another company.
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A firm achieves differentiation parity ideally when
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2 years ago
New York City limits the number of taxi cabs that can legally operate in the city. The most likely result of this practice is th
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Answer:

cab fares will be higher.

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2 years ago
For the U.S. soft drink market, of the 300 million people in the U.S., 80% of the population is the maximum number of consuming
neonofarm [45]

Answer:

Annual market potential = $85,848 millions

Explanation:

The annual market potential is the expected sales value for the soft drink product  for a year should the maximum number of potential consumers purchase the product at the average price.

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