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Angelina_Jolie [31]
3 years ago
14

Waterway industries, has 4700 shares of 5%, $50 par value, cumulative preferred stock and 100000 shares of $1 par value common s

tock outstanding at december 31, 2018, and december 31, 2017. the board of directors declared and paid an $7900 dividend in 2017. in 2018, $36100 of dividends are declared and paid. what are the dividends received by the preferred stockholders in 2018? $31400 $11750 $23500 $15600
Business
1 answer:
e-lub [12.9K]3 years ago
5 0

Since the preferred stocks are cumulative in nature, the dividend amount not paid in the current year will be accumulated and paid in the next year.

Preferred dividend to be paid in 2017 = Value of preferred stock x Dividend rate

= (4700 x $50) x 5%

= 11750

Dividend to be paid in 2018 = same as 2017 as no new preferred stock issued

= 11750

Total dividend to be paid in 2018 = Dividend to be paid in 2018 + Dividend to be paid in 2017 – Dividend paid in 2017

= 11750 +11750 -7900

= $15600

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Carter Corporation made sales of $900 million during 2016. Of this amount, Carter collected cash for $871 million. The company's
CaHeK987 [17]

Answer: (a) $295 million

(b) $326 million

Explanation:

Given that,

Sales = $900 million during 2016

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(a) Net Income = Sales - Cost of goods sold - Expenses for the year totaled

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(b) Carter's cash balance at the end of 2016:

= Cash + Beginning cash - Paid for Inventory - Paid for everything else

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3 years ago
__________ managers believe that there are differences and similarities between domestic and foreign practices and that managers
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4 0
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When the federal reserve decreases the federal funds target rate, it means that
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Answer:

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Explanation:

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3 0
3 years ago
Which of the following is true of a person with a high credit score?
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5 0
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