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lbvjy [14]
3 years ago
8

15 Bookmark this question Arp Corp.'s outstanding capital stock at December 15, year 1, consisted of the following: 30,000 share

s of 5% cumulative preferred stock, par value $10 per share, fully participating as to dividends. No dividends were in arrears. 200,000 shares of common stock, par value $1 per share. On December 15, year 1, Arp declared dividends of $100,000. What was the amount of dividends payable to Arp's common stockholders?
a) $10,000
b) $34,000
c) $40,000
d) $47,500
Business
1 answer:
AysviL [449]3 years ago
5 0

Answer:

$85,000

Explanation:

If there are any dividends declared in a company having preference capital, then firstly dividend will be paid to preference capital at the rate specified as that is the minimum rate.

Here preference capital = $10 \times 30,000 = $300,000

Dividend = 5% = $15,000

Total dividend for the year = $100,000

Equity Dividend = Total - Preference

= $100,000 - $15,000

= $85,000

It is not in the option, therefore all options are incorrect.

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Answer:

The role of project managers is vital for the succcess or failure of project.

Explanation:

The success of projects concentrates on developing key business metrics. However,  sometimes development programs are still unsuccessful. There are a number of reasons why these initiatives fail such as lack of funding, weak measurements, lack of coordination among team members, and decisions based on speculations instead of evidence and facts. Such types of issues make it much more difficult for project managers to establish credibility for future projects. Ultimately, the accomplishment or effectiveness of the strategy concentrates entirely on the shoulders of the project manager, and he or she is held responsible for the final outcome.

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3 years ago
A University is offering a charitable gift program. A former student who is now 50 years old is consider the following offer: Th
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Answer:

The value of this deferred annuity today on his 50th birthday is <u>$2,621.27</u>.

Explanation:

Since the student's desired return of 6% will also start to be paid starting on his 65th birthday, the value of this deferred annuity today on his 50th birthday can be calculated by first calculating the value of the investment on the 65th birthday.

We therefore proceed with the following two steps:

Step 1: Calculation of the value of the investment on the 65th birthday

The value of the investment on the 65th birthday can be calculated using the formula for calculating the present value of an ordinary annuity as follows:

PV = P * ((1 - (1 / (1 + r))^n) / r) …………………………………. (1)

Where;

PV at 65 = Present value of the annuity at 65th birthday =?

P = Annuity payment = Invested amount * Student's desired return = $8,900 * 6% = $534

r = Student's desired return rate = 6%, or 0.06

n = number of more years anticipate to live after 65th birthday = 21

Substitute the values into equation (1) to have:

PV at 65 = $534 * ((1 - (1 / (1 + 0.06))^21) / 0.06)

PV at 65 = $534 * 11.764076621288

PV at 65 = $6,282.02

Therefore, the value of the investment on the 65th birthday is $6,282.02.

Step 2: Calculation of the value of this deferred annuity today on his 50th birthday

The value of this deferred annuity today on his 50th birthday can therefore be calculated using the simple present value for as follows:

PV at 50 = PV at 65 / (1 + r)^N …………………………….. (2)

Where;

PV at 50 = the value of this deferred annuity today on his 50th birthday = ?

PV at 65 = Present value of the annuity at 65th birthday = $6,282.02

r = Student's desired return rate = 6%, or 0.06

N = number of years from 50th birthday to 65th birthday = 65 - 50 = 15

Substitute the values into equation (2) to have:

PV at 50 = $6,282.02 / (1 + 0.06)^15

PV at 50 = $6,282.02 / 2.39655819309969

PV at 50 = $2,621.27

Therefore, the value of this deferred annuity today on his 50th birthday is <u>$2,621.27</u>.

5 0
2 years ago
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Answer:

C. backward vertical integration

Explanation:

Vertical integration is one in which the supply chain of a clothe producing company is owned by the

Backward integration is a type of vertical integration in which a firms starts to fill in the role it once designated to another in the manufacturing of its product. Backward vertical integration would see a company buying another to fulfill its needs as regarding production.

From the above question, it can be seen that due to the inability of the china firm to meet up with Neon Electronics Inc; it started to produce the touchscreens needed for the tablet computers.

Cheers.

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3 years ago
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