Answer:
$622,000
Explanation:
Annual dividend = 31,100 × 5% × $100 = $155,500
Since it a cumulative preferred stock, it implies that dividend for each of the previous years when dividend were not paid by Sunland Corporation will be accumulated and paid together with the current one.
Since January 2, 2014 to December 31, 2017 is 4 years, that means dividend will be paid to cumulative preferred stock holders for 4 years as follows:
Preferred stockholders dividend for 4 years = $155,500 × 4 = $622,000
Therefore, preferred stockholders are entitled to receive $622,000 in the current year before any distribution is made to common stockholders.
Answer:
$1,096.09
Explanation:
The computation of the future value by using the following formula is shown below:
As we know that
Future value = Present value × (1 + interest rate)^number of years
= $463 × (1 + 0.09)^10
= $463 × 2.367363675
= $1,096.09
We simply applied the above formula so that the future value could arrive and the same is to be considered
Answer:
Which of the following is most likely to be true?
A
Explanation:
A) It will be difficult to find a rent-controlled apartment in Albany or Halftrack; rents for the Halftrack apartments not subject to controls will be higher than they would be without rent control
Answer:
ROI (Return on Investment) measures the gain or loss generated on an investment relative to the amount of money invested.
Explanation:
ROI = (Net Profit / Cost of Investment) x 100
Example: Investment = $100 Net Profit: $30
ROI : (30/100) x 100 = 30%
