To ensure that her company is being socially responsible, Vivian should ensure that the cars are environmentally friendly. Being socially responsible means you do what is best for planet, people, and profits. In this case, taking care of the planet means choosing the car that is the most environmentally friendly.
Answer:
preferred stockholders received $15,000 during the first 3 years
- $2,000 in the first year
- $6,000 in the second year
- $7,000 in the third year
common shareholders received $25,000 in dividends during the third year.
Explanation:
preferred stock = 1,000 shares x $100 par value x 5% = $5,000
common stock = 10,000 shares at $10 par value
dividends declared and paid during the first 3 years:
year dividends
1 $2,000
2 $6,000
3 $32,000
preferred stockholders should have received $5,000 per year x 3 years = $15,000. Preferred stockholders must be paid first, and their payment is fixed. If the dividends are not enough to pay the total amount, the remaining amount should be paid next year.
- $2,000 in the first year
- $6,000 in the second year
- $7,000 in the third year
common shareholders received $32,000 - $7,000 = $25,000 in dividends during the third year.
Answer:
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