When Joe screens job applicants to ensure that he hires the most qualified candidate, he is performing the human resource functi
2 answers:
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Solution :
Preferred Common
Non cumulative and non Participative 12,600 67,400
Cumulative and non participative 37800 42200
Cumulative and participative 47876 32124
<u> Current Stock Out Standing </u>
Common stock at the rate 50 5100 shares 255000
Preferred stock 7% at the rate 100 1800 shares 180000
<u> Cumulative the annual dividend on the preferred stock </u>
Preferred stock dividend (180000 x 7%) 12600
Dividend Arrears to preferred stock (12600 x 2) 25200
<u> Non cumulative and non participative </u>
Preferred Common Total
Current year 12600 12600
Arrears 0 0
Common stock 67400 67400
Total dividend 12600 67400 80000
<u> Cumulative and non participative </u>
Preferred Common Total
Current year 12600 12600
Arrears 25200 25200
Common stock 42200 42200
Total dividend 37800 42200 80000
<u> Cumulative and participative</u>
Preferred Common Total
Current year 12600 12600
Arrears 25200 25200
Common stock (255000 x 7%) 17850 17850
Balance dividend pro data 10076 14274 24350
Total dividend 47876 32124 80000
Working notes :
Amount for the participation = 80000-(12600+25200+17850) = 24350
Rate of participation = = 5.5977%
Participating dividend:
Preferred stock = 18000 x 5.5977% = 10076
Common stock = 255000 x 5.5977% = 14274
Total participating dividend = 24350