Answer
The answer and procedures of the exercise are attached in the following image.
Explanation
Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.
Answer:
CPI for the current year = 200
Explanation:
Given;
Contents in market basket
20X, 30Y, and 50Z
The current-year prices for goods
X = $2
Y = $6
Z = $10
The base-year prices are
X = $1
Y = $3
Z = $5
Now,
Total cost of market basket in the current year
= ∑ (Quantity × Price)
= 20 × $2 + 30 × $6 + 50 × $10
= $40 + $180 + $500
= $720
Total cost of market basket in the base year
= ∑ (Quantity × Price)
= 20 × $1 + 30 × $3 + 50 × $5
= $20 + $90 + $250
= $360
also,
CPI for the current year =
or
CPI for the current year =
or
CPI for the current year = 200
Answer:
$135000
Explanation:
Given: Outstanding cumulative preferred stock of 10000 shares of 8% at $100
Dividend paid= $375000.
Now, calculating preferred stock.
Preferred stock=
∴ Preferred stock= $80000
Cumulative dividend paid to shareholder=
∴ Cumulative dividend paid to shareholder= $240000
Next, computing the amount of dividends will common stockholder receive.
Total dividend paid= $375000.
Dividend received by common stockholder=
⇒ Dividend received by common stockholder=
∴ $135000 dividend will be received by common stockholder.