Answer:
Preferred stock holders' dividend = $280000
Common stock holders' dividend = $8000
Explanation:
A cumulative preferred stock is one whose dividends are accumulated in arrears and are to paid in the following year(s), if the company fails to pay or partially pay the dividends in a certain year. The yearly dividend on preferred stock is,
Preferred stock dividend = 10000 * 200 * 0.07 = $140000
As the dividends on preferred stock are in arrears for one year, the company will pay a dividend this year on preferred stock of,
Preferred stock dividend to be paid = 140000 + 140000 = $280000
Thus, out of the announced dividend of $288000, $280000 will be paid to the preferred stock holders while the remaining $8000 will be paid to the common stock holders.
<span>What is the value of capital stock for the company based on the information provided?
We need more info</span>
Answer:
The economy is expanding quickly.
Explanation:
Aggregate supply is a measure of the total supply of goods and services made available by the supplier in an economy.
The normal aggregate supply curve is one with a positive slope. That is as price increases there is an increase in aggregate supply, and when price reduces aggregate supply also reduces.
However when aggregate supply curve is vertical, only one level of output is produced no matter the rise or fall of price.
This indicates that the economy is producing at capacity, and any increase in price will not result in increase in output.
It does not mean that the economy is expanding quickly.
Answer: Option (D)
Explanation:
Under marketing, CVP also known as customer value proposition tends to consist of benefits(sum total) which an individual i.e. a vendor tends to promise a consumer will receive in exchange for a consumer's associated payment.
A CVP is referred to or known as a marketing statement that tends to describes why an individual should buy a commodity or service. It is mainly aimed at potential consumers instead of targeting other groups.
Answer:
Inventory turnover period in 2019 =89.3 days
Explanation:
<em>The inventory turnover period also known as the inventory days is the average length of time it takes business to sell its stocks and replace same. The shorter the better as it indicates a high patronage from customers.</em>
It is calculated as follows:
<em>Inventory turnover = (Average inventory / cost of goods ) × 365 days</em>
Note that,
<em>average inventory =( opening inventory + closing inventory)/2</em>
Average inventory = (218,000 + 198,000)/2 = 208,000
<em>Cost of goods sold in 2019</em> = $850,000
Inventory turnover period = (208,000/850,000)× 365 days
=89.3 days
