Answer:
The maximum amount that Michel can borrow is 70,000 dollars.
Explanation:
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Answer:
In short, sustainability in business refers to the effect that companies have on the environment or society. A sustainable business strategy aims to positively impact one or both of those areas, thereby helping address some of the world's most pressing problems, such as climate change and income inequality.
Explanation:
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Quotations, Random Lists, Over-used clichés, Limit your use of the word “passion”, And Stilted vocabulary.
Answer:
The amount of dividend received by common stockholders in 2017 = $7500
Explanation:
The preference shares are cumulative which means the 2015 dividend on cumulative preference shares will be paid in the next year when dividend is declatred.
The total dividend on preference shjares is = 2500 * 100 * 0.05 = $12500
In 2016 dividend of 22500 is declared and paid.
Out of this 22500, 12500 relates to prefernece dividend for 2015.
The remaining 10000 relates to 2016 preference dividend. Thus, 2500 of 2016 preference dividned is outstanding and will be paid in 2017.
In 2017 out of 22500, 15000 (12500 + 2500) dividendd is paid to preference share holders.
The amount of dividend received by common stockholders in 2017 = 22500 - 15000 = $7500
