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Helga [31]
3 years ago
13

Texas Inc. has 10,000 shares of 6%, $125 par value, cumulative preferred stock and 50,000 shares of $1 par value common stock ou

tstanding at December 31. What is the annual dividend on the preferred stock?
a) .75 per share
b) 10,000 in total
c) $75 per share
d) $75,000 in total
Business
1 answer:
yan [13]3 years ago
4 0

Answer:

d) $75,000 in total

Explanation:

The computation of the annual dividend on the preferred stock is shown below:

= Number of shares × par value per share × dividend percentage

= 10,000 shares × $125 × 6%

= $75,000

We simply multiplied  the number  of shares with the oar value and the dividend percentage so that the accurate amount can be calculated

All other information which is given is not relevant. Hence, ignored it

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Explanation:

Advertising could be described as displaying your product before the public for awareness, which could later lead to sales. Advertising plays a key role in the economy (either increasing or decreasing) by providing relevant information to consumers citing what they stand to benefit when they use the product or service, also the price it's sold for.

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- A brand name gives your business a face, it's all your customers need to know about you in a moment.

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5 0
3 years ago
Which of the following statements is true regarding the cumulative translation adjustment? Select one: Changes in the cumulative
vaieri [72.5K]

Answer:

The true statement is "The cumulative translation adjustment account affects the amount of gain or loss reported upon the sale of a foreign subsidiary".

Explanation:

The current technique needs that each one quality and accountability books be interpreted at this rate whereas shareholders’ justice accounts are interpreted at ancient altercation rates. The distinction is mirrored finished the additive conversion alteration, therefore the quantity of improvement or loss according upon the auction of a distant secondary to the additive conversion alteration.

8 0
3 years ago
Break-Even Analysis Media outlets often have websites that provide in-depth coverage of news and events. Portions of these websi
kogti [31]

Answer:

Break-even point= 7,900 new costumers

Explanation:

Giving the following information:

Assume that during a recent fiscal year, one outlet spent $1,659,000 on a promotional campaign for its website that offered two free months of service for new subscribers.

In addition, assume the following information: Number of months an average new customer stays with the service (including the two free months) 22 months Revenue per month per customer subscription $16 Variable cost per month per customer subscription $5.

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Fixed costs= 1,659,000

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6 0
3 years ago
Suppose the government requires each firm to reduce sulfur dioxide emissions by an equal amount such that total emissions are re
stealth61 [152]

Answer:

is not efficient because firms can have different costs of reducing pollution.

Explanation:

Economic efficiency is the way a business maximises the use of factors of production (land, labor, capital) to produce output at a reduced cost. Efficiency aims to improve output and reduce cost to the barest minimum.

In this instance to individual cost required to reduce sulfur dioxide emissions is not considered by the government.

Since reduction of sulfur dioxide is equal among firms, some smaller ones may incur cost that will financially impair them and put them out of business.

While bigger firms will easily bear the cost.

7 0
3 years ago
if the interest rate on a savings account is 0.018%, approximately how much money do you need to keep in this account for 1 year
scZoUnD [109]
A = $9.99, the amount needed after 1 year 
r = 0.018% = 0.00018, interest rate
n = 12, compoundings per year
t = 1, one year duration

Let P =  required balance at the beginning of the year.
Then
P(1+ \frac{r}{n} )^{nt} = A
P(1 + 0.00018/12)¹² = 9.99
1.00018P = 9.99
P = $9.988 ≈ $9.99

Answer: $9.99

7 0
3 years ago
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