1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
aliya0001 [1]
3 years ago
14

Sabas Company has 20,000 shares of $100 par, 2% cumulative preferred stock and 100,000 shares of $50 par common stock. The follo

wing amounts were distributed as dividends: Year 1: $10,000 Year 2: 45,000 Year 3: 90,000 ​ Determine the dividends per share for preferred and common stock for the second year. a. $2.00 and $0.45 b. $0.00 and $0.45 c. $2.25 and $0.00 d. $2.25 and $0.45
Business
1 answer:
RUDIKE [14]3 years ago
5 0

Answer:

The correct option is C,$2.25 and $0.00.

Explanation:

The annual preferred shares dividends=20,000*$100*2%=$40,000

In the first year ,dividends of $10,000 paid would go to preferred stockholders while the common stockholders receive nothing.

In the second year,it is imperative to note that the balance of unpaid preferred stock dividends of $30,000 ($40,000-$10,000) would be paid alongside this year preferred dividends.

preferred stock dividends=$30,000+$40,000

However the $45,000 paid is not enough to settle the preferred stockholders,again,the total dividends of $45,000 would be paid to preferred stockholders

preferred stock dividend per share=$45,000/20,000=$2.25

common stock dividend per share is $0

Option C is the correct answer.

You might be interested in
Which of the following is not a type of consumer credit?
Masteriza [31]
Automobile loans is not a type of consumer credit
8 0
3 years ago
Read 2 more answers
The main reason for the bank mortgage collapse of 2007 can be traced to
lorasvet [3.4K]
The djdjdjdjdjdjfjfjfjdndndndjdjejsjwjsjse is b
3 0
3 years ago
What is the basic purpose of the consumer price index (CPI)? A. to track monthly changes in prices paid by urban consumers B. to
Elina [12.6K]

Answer:

A). to track monthly changes in prices paid by urban consumers.

Explanation:

CPI(Consumer Price Index) is characterized as 'a statistical estimate of the price level of goods and services bought by consumers for consumption purposes by the households.' It primarily aims to estimate the change or swap in the prices of the weighted average price of the common basket(consumption goods, as well as, services that the consumers pay for). It is calculated using the formula;

CPI_{t}  = \frac{C_{t} }{C_{0} } * 100

where,

CPI_{t} = current Consumer Price Index

C_{t} = Current price basket

C_{0} = Cost of price basket in the base year

It assists in deducing whether the average prices have received a fall or rise and determines inflation or deflation. Thus, <u>option A</u> is the correct answer.

6 0
3 years ago
When a firm grants licenses internationally, it is giving foreign companies access to its:?
scoundrel [369]
<span>When a firm grants licenses internationally, it is giving foreign companies access to its trademarks, </span>technology and patents. Having your licenses and business become international is a huge gain for most businesses. When items go international, they have a larger market they can sell their products too, but there are also some risk to it as well. Allowing the foreign countries and companies to see how your products work inside and out benefit them while bringing in more profit to the international licensee. 
4 0
3 years ago
Joanie is an engineer at an architectural firm. she is very proud of this fact and often defines herself in terms of her work to
Korvikt [17]

This is known as <u>"self-enhancement".</u>


Self-enhancement is when people tend to rate themselves better than expected, trust they have a superior than normal likelihood of progress, and ascribe their victories to individual inspiration or capacity while reprimanding the circumstance for their missteps.  

Self-enhancement is a kind of inspiration that attempts to influence individuals to like themselves and to keep up confidence. This thought process turns out to be particularly unmistakable in circumstances of risk, disappointment or hits to one's confidence. Self-improvement includes an inclination for positive over negative self-sees.

5 0
3 years ago
Other questions:
  • Supply chain management involves managing: A. managing the stock room supply only. B. the flow of raw materials to inventory onl
    6·2 answers
  • E&amp;J Auto Body Shop estimated overhead cost for the coming year will be $15,000 and 5,000 direct labor hours will be worked.
    7·1 answer
  • Sweet Inc. manufactures cycling equipment. Recently, the vice president of operations of the company has requested construction
    10·1 answer
  • I really need help with this weustion :_:
    5·2 answers
  • Exeter Company acquires 35% of the voting stock of Fenton Corporation for $7,000,000 on January 1, 2020. At the time, the book v
    14·1 answer
  • Suppose that Eleanor receives higher pay at her workplace than her colleagues do, even though they perform essentially the same
    12·2 answers
  • On November 1, 2017, Austin Services issued $305,000 of five-year bonds with a stated rate of 12%. The bonds were issued at par,
    13·1 answer
  • What are the Business Activities ?​
    7·2 answers
  • Variable costs per unit: Manufacturing: Direct materials $ 26 Direct labor $ 10 Variable manufacturing overhead $ 2 Variable sel
    10·1 answer
  • The __________ strategy is the choice to do nothing to protect a vulnerability and to accept the outcome of its exploitation.
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!