Answer:
b) $10.000
Explanation:
In order to find the total preferred stock dividend we need to have the rate of the dividend, the par value of the preferred stock and the number of preferred stocks. In this question we are given the rate of the dividend of preferred stock which is 5%, we are also given the par value of the preferred stock which is $10 and we are also given the total number of preferred stock which is 20,000.
To find out how much dividend was distributed to preferred shareholders we need to use the formula
Rate of dividend*par value of stock * number of preferred shares
0.05*10*20,000= 10,000
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Economists can predict what consumers in general will do because all humans seek D. BENEFIT MAXIMIZATION.
Consumers want to get the value for their money. They buy goods that are worth the amount they are willing to spend.
For example, in comparing two products, product A is cheaper but has a shorter life-span. Product B is pricier but lasts longer than Product A.
Given the choices, I'd prefer to buy Product B because I will benefit form it for a longer time than Product A.