Answer: $2,100
Explanation:
Given:
No. of shares 24,000 of $100 par
Dividend per year = (100 shares X $100 par) X 7% = $700
Since, <em><u>the preferred stock is cumulative, the holders will receive past dividends not distributed</u></em>.
From 2016: 700
From 2017: 700
From 2018: 700
<em><u>Total = $2,100</u></em>
The next items to subtract from net sales in order to compute net income for a merchandiser are <u>Expenses</u>.
<h3>What are the expenses for a merchandiser?</h3>
The expenses for a merchandiser include selling and distribution expenses. Others are administrative expenses, including depreciation for long-term assets, and tax expenses.
Thus, o compute net income for a merchandiser, you will start with net sales, subtract the cost of goods sold and subtract other <u>expenses</u>.
Learn more about the expenses of a merchandiser at brainly.com/question/5657625
This is a mixture of both. You may lose a customer if you don't but most likely you will still have enough to keep moving forward with your career so I would say False
Answer:
1) 19.23/Positive
2) Normal
Explanation:
In order to calculate the income elasticity of a product we will have to measure the percentage change in income and the percentage change in quantity purchased of that product cause by the change of income.
Percentage change income = (83,000-77,000)/77,000= 7.8%
Income increased by 7.8%.
Percentage change in purchase of movie downloads= (55-22)/22= 150%
So a 7.8% increase in income increases the purchases by 150%, in order to calculate the income elasticity we will divide 150 by 7.8
150/7.8=19.23
Income elasticity = 19.23
Because the income elasticity is positive we can infer that movie downloads are normal goods because the quantity purchased increases when income increases.
In serving these two different groups, Fibrit is using the
benefits sought or benefit segmentation. The benefit segmentation is a process
that divides the market into a category in regards of the perceived value in
which the segments made in the market is purely based on the performance,
customer service, quality, features and the benefits that it provides to its
consumers.
