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horsena [70]
3 years ago
10

​Electric, Inc. was incorporated on January​ 1, 2016. Electric issued​ 4,000 shares of common stock and​ 1,200 shares of preferr

ed stock on that date. The preferred stock is​ cumulative, $100​ par, with an​ 12% dividend rate. Electric has not paid any dividends yet. In​ 2019, Electric had its first profitable​ year, and on November​ 1, 2019, Electric declared a total dividend of​ $63,000. What is the total amount that will be paid to preferred​ shareholders?
Business
1 answer:
S_A_V [24]3 years ago
8 0

Answer:

$57,600

Explanation:

The computation of the total amount paid to preferred shareholders are shown below:

= Number of shares for preferred stock × par value × dividend rate × number of years

= 1,200 shares × $100 × 12% × 4 years

= $57,600

In case of cumulative, the number of years would be four years for dividend paid

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

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Which is an example of someone who is cyclically unemployed?
Korolek [52]

Answer:

<em>A. autoworker who is temporarily laid off from an automobile company because of a decline in sales. </em>

Explanation:

Cyclical unemployment is <em>unemployment that occurs when full employment can not be met by the aggregate demand for goods and services in an economy.</em>

This takes place during times of decreased economic growth or times of economic slowdown.

Cyclical unemployment is directly linked to the degree of macroeconomic behavior, which is the combined or collective activity of all economically involved individuals and entities.

Instead of linear, this overall trend is cyclical-economic activity tends to increase and fall rather than always rising or falling.

7 0
3 years ago
A photocopier cost 96000 when new and has accumulated depreciation of 95000. if the business discards this plant asset, the resu
Semenov [28]

A photocopier cost 96000 when new and has accumulated depreciation of 95000. if the business discards this plant asset, the result is  $1,000.

Cost of photocopier        $    96,000.

Less: Accumulated depreciation   $  (95,000).

Loss on discard            $       1,000.

A photocopier (also known as a copier or copier, formerly Xerox machine, a generic trademark) is a machine that copies documents and other visual images onto paper or plastic film quickly and inexpensively.

The photocopier (also known as copier or copier, formerly Xerox machine, generic brand) is a machine that copies documents and other visual images onto paper or plastic film quickly and inexpensively. Most modern copiers use a technology called xerography. It is a dry process that uses the electrostatic charge of a photosensitive photoreceptor to first attract toner particles (powder) and then transfer them to paper in the form of an image.

Learn more about photocopier here: brainly.com/question/25307534

#SPJ4

3 0
1 year ago
The current sections of Buffalo Corp.’s balance sheets at December 31, 2016 and 2017, are presented here. Buffalo Corp.’s net in
Triss [41]

Answer and Explanation:

The preparation of the cash flow from operating activities is presented below:

Cash Flows from Operating Activities  

Net income  $155,448

Adjustments

Add: Depreciation Expense $27,432  

Add: Decrease in Accounts receivable $9,144  (81,280  - 90,424)

Add: Decrease in Inventory $4,064  (170,688 -  174,752)

Less: Increase in Prepaid expenses -$5,080  (27,432 - 22,352)

Add: Increase in Accrued expenses payable $10,160  (15,240 - 5,080)

Less : Decrease in Accounts payable -$7,112   (86,360 - 93,472)

Total of adjustments                      $38,608

Net Cash Provided by Operating Activities  $194,056

The outflow of cash represents in negative sign and the positive sign reflects the inflow of cash

6 0
3 years ago
Which statements are true according to the law of supply?
asambeis [7]
Increase in price leads to a decrease in supply.
5 0
3 years ago
Read 2 more answers
Which of the following factors does not affect the initial market price of a stock?
MissTica

Answer:

The correct answer is (C)

Explanation:

Generally the common stocks worth per share is normally a limited quantity, for example, $0.05 or $0.01 and it has no association with the market estimation of the price of stock. The standard worth is once in a while referred to as the regular stocks.  The par value has no connection with the price of the stock.

7 0
3 years ago
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