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Alik [6]
3 years ago
6

At the beginning of 2019, Emily Corporation issued 10,000 shares of $100 par, 5%, cumulative, preferred stock for $110 per share

. No dividends have been paid to preferred or common shareholders. What amount of dividends will a preferred shareholder owning 100 shares receive in 2021 if Emily pays $1,000,000 in dividends
Business
1 answer:
soldi70 [24.7K]3 years ago
7 0

Answer:

 $1,500

Explanation:

The computation of the amount of dividend for a preference shareholder is shown below:

Dividend per year is

= (100 shares × $100 par) × 5%

= $500

As the preferred stock is cumulative, so the holders would receive past dividends i.e not distributed

From 2019 = $500

From 2020 = $500

From 2021 = $500

Total          $1,500

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A consumer's life style is identified partly by what that person considers important in her environment and what she thinks of herself and the world around her.

<h3>What is consumer life style?</h3>

This refers to characteristics consumer possess, which is a reflection of certain behaviour. The lifestyle patterns provide broader views about the consumers.

The components of consumer life style are :

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Therefore, a consumer's life style is identified partly by what that person considers important in her environment and what she thinks of herself and the world around her.

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