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spayn [35]
3 years ago
8

Lafayette, Inc. was incorporated on January 1, 2014. Lafayette issued 15,000 shares of common stock and 800 shares of preferred

stock on that date. The preferred stock is cumulative, $100 par, with an 12% dividend rate. Lafayette has not paid any dividends yet. In 2017, Lafayette had its first profitable year, and on November 1, 2017, Lafayette declared a total dividend of $44,000. What is the total amount that will be paid to common stockholders
Business
1 answer:
Alex Ar [27]3 years ago
5 0

Answer:

$5,600

Explanation:

Calculation to determine the total amount that will be paid to common stockholders?

Total amount paid to common stockholders=$44,000-[(800 (12%)($100)*4]

Total amount paid to common stockholders=$44,000-($9,600*4 )

Total amount paid to common stockholders=$44,000-$38,400

Total amount paid to common stockholders=$5,600

(2014-2017=4)

Therefore the total amount that will be paid to common stockholders is $5,600

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Mariana [72]

Answer:

Rent expense of $2,000

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Explanation:

Since we were told that On November 1,2019 Movers Inc., paid the amount of $24,000 for a 2 years' rent which will start or begin on November 1 which means Movers' year-end financial statements as of December 31,2019 will show:

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The rent expense of $2,000 is calculated as

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The prepaid rent of $22,000 is calculated as

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8 0
3 years ago
In targeting professionals (such as doctors, lawyers, and teachers) with advertising, the advertiser must be aware that
Igoryamba

Answer:

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Explanation:

When the target audience is group of professionals like lawyers, doctors and teachers etc then, the advertiser should rely on esoteric terminology. Here esoteric means something that is to be understood by only professionals who have some specialized knowledge, if this type of terminology is used with normal public than everything that advertiser is saying is gonna go over the head of the public, so therefore this type of terminology is used when the audience is group of professionals.

7 0
3 years ago
Productive resources are _____.
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factors that are used to make goods and services letter a

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4 years ago
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Explanation:

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3 years ago
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Answer:

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