Efficiency i believe <span />
<span>Credit cannot be denied based on unrelated factors.</span>
Answer:
preferred stockholders received $15,000 during the first 3 years
- $2,000 in the first year
- $6,000 in the second year
- $7,000 in the third year
common shareholders received $25,000 in dividends during the third year.
Explanation:
preferred stock = 1,000 shares x $100 par value x 5% = $5,000
common stock = 10,000 shares at $10 par value
dividends declared and paid during the first 3 years:
year dividends
1 $2,000
2 $6,000
3 $32,000
preferred stockholders should have received $5,000 per year x 3 years = $15,000. Preferred stockholders must be paid first, and their payment is fixed. If the dividends are not enough to pay the total amount, the remaining amount should be paid next year.
- $2,000 in the first year
- $6,000 in the second year
- $7,000 in the third year
common shareholders received $32,000 - $7,000 = $25,000 in dividends during the third year.
Answer:
b. a close corporation
Explanation:
A closed corporation refers to a company in which shares are held by select few individuals who usually are closely linked with business. Such form of a company is also referred to as family corporation.
In these form of corporations, the investments from outsiders are closed i.e from general public and thus referred to as a close corporation. Shareholding belong to owners or family members in most of the cases.
Such firms are not listed on stock exchanges and hence do not permit general public to subscribe to their shares. Wherein, any one of the shareholders desires to liquidate his share, the other members buy out such share.
In the given case, Integrated Devices Inc., a private, for profit company is wholly owned by members of the same family. Thus, it represents a close corporation.
Answer:
d) change in total benefit that occurs when a person consumes another unit of the good.
Explanation:
Marginal cost can be defined as the additional or extra cost that is being incurred by a company as a result of the production of an additional unit of a product or service.
Generally, marginal cost can be calculated by dividing the change in production costs by the change in level of output or quantity.
Utility can be defined as any satisfaction or benefits a customer derives from the use of a product or service.
This ultimately implies that, any satisfaction or benefits a customer derives from the use of a product or service is generally referred to as a utility.
Furthermore, the marginal utility of goods and services is the additional satisfaction that a consumer derives from consuming or buying an additional unit of a good or service.
Marginal benefit can be defined as the highest amount of money (in dollars) that a consumer (buyer) is willing to pay to a seller in order to acquire an additional unit of a product i.e one more unit of the product.
Hence, marginal benefit would be described as the change in total benefit that occurs when a person consumes another unit of the good.
