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Elis [28]
3 years ago
7

Outstanding stock of the Cheyenne Corporation included 37000 shares of $5 par common stock and 11500 shares of 5%, $10 par non-c

umulative preferred stock. In 2019, Cheyenne declared and paid dividends of $3700. In 2020, Cheyenne declared and paid dividends of $18500. How much of the 2020 dividend was distributed to preferred shareholders
Business
1 answer:
Margarita [4]3 years ago
8 0

Answer:

$5,750

Explanation:

Calculation to determine How much of the 2020 dividend was distributed to preferred shareholders

Dividend distributed to preferred shareholders=11500 shares *$10 par non-cumulative preferred stock*5%

Dividend distributed to preferred shareholders=$5,750

Therefore Dividend distributed to preferred shareholders is $5,750

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Some of the advantages of a functional project where the project is housed in a functional division include which of the followi
Ganezh [65]

Answer:

The correct answer is b. A team member can work on several projects.

Explanation:

Generally, there is a group of personnel who carry out repetitive tasks and can take over their functions without jeopardizing an improvement that is attempted. For this reason, the person in charge of the project can carry out several implementations without jeopardizing the normal development of the tasks, which allows covering broadly several areas and introducing best practices almost at the same time.

5 0
3 years ago
Assuming that the federal reserve banks sell $40 million in government securities to commercial banks and the reserve ratio is 2
sdas [7]

The reserve requirement when the federal reserve banks sell $40 million in government securities to commercial banks is $8 million.

<h3>How to calculate the reserve requirement?</h3>

From the information given, the the federal reserve banks sell $40 million in government securities to commercial banks and the reserve ratio is 20 percent.

Therefore, the reserve requirement will be:

= 20% × $40 million

= $8 million.

Learn more about reserve requirements on:

brainly.com/question/25812353

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8 0
1 year ago
Which type of store has high sales volume, little service, and prices 20-40 percent lower than supermarkets?
enot [183]
Gas stations. That would be that.
6 0
3 years ago
A company budgets the following merchandising purchases: April: $70,000; May $90,000; June: $60,000. All purchases are on accoun
velikii [3]

Answer:

$77,500

Explanation:

The computation of the cash disbursement for June month is shown below:

= June purchase × month percentage given + May purchase × following month percentage + April purchase × second following month percentage

= $60,000 × 25% +$ 90,000 × 50% + $70,000 × 25%

= $15,000 + $45,000 + $17,500

= $77,500

The remaining percentage would be

= 100% - 25% - 50%

= 25%

3 0
3 years ago
What are the three types of economic resources? Give an example of each type of resource.
fiasKO [112]

"The three types of economic resources are also referred to as factors of production. Land (including all natural resources), Labor (including all human resources), Capital (including all man-made resources), and when you combine all of those you get production. "


8 0
3 years ago
Read 2 more answers
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