Answer:
the amount of dividends received by the common stockholders in 2017 is $91,000
Explanation:
Holders of Common Stock receive their dividends after Holders of preferred stock have received their share.This is because the Holders of preferred stock have first preference over Holders of Common Stock
Note : The Preference Shares are non-cumulative. Meaning that any dividends arrears will not be accumulated in other years.
<u>Calculation of Dividends attributable to common stockholders</u>
Dividend Declared and Paid - 2017 $156000
<em>Less</em> Preference Dividend(13000×100×5%) ($65,000)
Dividends attributable to common stockholders $91,000
It will 19.5 years.
Tuition=$125,000
Interest rate= 5%
5% of $125,000 = $6,250
$125,000 + $6,250 = $131,250
$131,250/$562(monthly payment) = 233.540925
233.540925/12(months in a year) = 19.4617438
round up and it 19.5 years
Options: A. Preferred B. Cumulative preferred C. Registered D. Common.
Answer:D. Common
Explanation: Common stocks are stocks which are sold either through the Stock markets or through public offerings which gives the owner a partial right to the ownership of the firm.
Common stocks owners have certain rights in Organisations which include the RIGHT TO VOTE, THE RIGHT TO ENJOY DIVIDEND etc.
Common stock is the type of stock which the majority of the investors in a corporation own.
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Answer:
Variable overhead efficiency variance= $3,000 favorable
Explanation:
<u>To calculate the variable overhead efficiency variance, we need to use the following formula:</u>
Variable overhead efficiency variance= (Standard Quantity - Actual Quantity)*Standard rate
Standard quantity= 3*15,000= 45,000 hours
Actual quantity= 44,000 hours
Standard rate= $3 per hour
Variable overhead efficiency variance= (45,000 - 44,000)*3
Variable overhead efficiency variance= $3,000 favorable