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
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

You might be interested in
Question 5 of 10
LekaFEV [45]
C you’re taking a class to show you want to have more skill
7 0
3 years ago
You are offered a chance to buy an asset for $200,500 that is expected to produce cash flows of $100,000 at the end of Year 1, $
Lapatulllka [165]

Answer:

What rate of return (IRR) would you earn if you bought this asset?

8,48%

Explanation:

To find the IRR it's necessary to know which is the discount rate that applied to the cash flow of the assets gives a value that compensate the investment of $200,500.

Year 1   $100.000  / (1+0,0848)^1    =  $92.182    

Year 2   $100.000  / (1+0,0848)^2  =  $35.690  

Year 3   $100.000  / (1+0,0848)^3  =   $41.398  

Year 4   $100.000  / (1+0,0848)^4  =   $31.230  

Total Present Value of Cash  Flow=

$92.182  + $35.690 + $41.398 + $31.230 =  $200,500

There is no way to find the IRR without Excel, the only way is to try with different rates in the current cash flow formula.

3 0
3 years ago
I the united states what the youngest you can get a payng job not soemthing big like train conductoring but like at a little sho
gulaghasi [49]

It depends on the state. I think the youngest is 13 years old. But you have to work with high supervision.

4 0
3 years ago
Why aren‘t magazine photos a good representation ofwhat a healthy person looks like?
Arte-miy333 [17]
Magazine photos are not a good representation of what a healthy person looks like because they often show pictures of people who has a skinny and or people who only has built or toned body without having to discuss other factors that should be considered such as mentally or psychologically. They are mostly focused on the physical appearance.
6 0
3 years ago
The costs incurred before opening a business​
True [87]

The expenditure incurred prior to the incorporation of an enterprise is to be considered as a pre-incorporation capital expenditure. The expenditure incurred prior to the 'setting-up of business' is to be considered as a pre-operative capital expenditure.

8 0
2 years ago
Other questions:
  • Alvin Electronics is in the process of reconciling its bank account for the month of November. The following information is avai
    5·1 answer
  • According to the pie chart, which function consumed the largest portion of government expenditures in 2003?
    13·2 answers
  • To say that a price ceiling is binding is to say that the price ceiling a. results in a shortage. b. is set below the equilibriu
    6·1 answer
  • Corporate annual reports typically do not contain
    5·1 answer
  • A person who owned a bakery figured out that cookies were selling better than brownies. So, she took the resources that she was
    14·1 answer
  • 4. the interest is computed on the principal and also on the accumulated past interests.
    12·1 answer
  • Mahmoud wants to start a business making designer chairs. To do this he will need:​
    14·1 answer
  • . Costs that the manager has the power to determine or at least strongly influence are called: Question 5 options: A. Uncontroll
    11·1 answer
  • 1. Clark is the kind of manager that values input from his team and likes to involve them in the decision-making process. He pre
    9·1 answer
  • Keynes argued that the downward slope of the demand for money curve depends on the?
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!