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.
The answer to the given statement above is false, it is because even if a person has entered a partnership, it does not mean less work and effort should be done to maintain the relationship because having no effort in maintaining this relationship could only cause the bond to diminish and destroy. It is best to have an equal amount of work done in order to maintain a relationship with the partner.
All of these is your answer
Increase the price to make more money to be able to afford oil.
Answer:
State.
Explanation:
About two-thirds of all U.S. commercial banks are chartered by the state in which they are based.The banks are called state banks.
A state bank can be defined as any bank that receives or got its charter from a state government but not the federal government of the United States of America. In the United States of America, a state bank reserves the right to either be a member of the Federal Reserve System ("The Fed") or not and as such, can only do business within the state and be regulated by the state where it is operating.
<em>Some examples of state banks in the United States of America are California Bank of Commerce, CalPrivate Bank, United Pacific Bank, Citizens Business Bank etc. </em>
