A man has a wife with six children and
1 answer:
You might be interested in
Answer:
for year 1
common stock = $1.75 per share
preferred stock = Zero
for year 2
common stock = $4.25 per share
preferred stock = $0.3 per share
for year 3
common stock = $3 per share
preferred stock = $2 per share
Step-by-step explanation:
step 1
preferred stock value = (40000 shares * $150) = $6000000
common stock value = (100000 shares * $5) = $500000
step 2
For year 1:
Dividend on preferred stock;
= $120000
But total dividend in the question was $70000 therefore total amount of dividend on cumulative preferred stock is $70000.
hence, dividend per share
= $1.75 per share
Dividend on common stock;
70,000 - 70,000 = Zero
as total dividend distributed in year 1 is insufficient for cumulative preferred stock therefore no dividend will be paid on common stock.
For year 2:
Dividend on cumulative preferred stock;
= $120000
extra dividend of year 1 ($120000 - $70000) = $50000
Thus total dividend on cumulative preferred stock
($120000 + $50000) = $170000
So dividend per share
= $4.25 per share
Dividend on common stock;
($200000 – $170000) = $30000
dividend per share
= $0.3 per share
For year 3:
Dividend on cumulative preferred stock;
= $120000
total dividend on cumulative preferred stock $120000
dividend per share
= $3 per share
No dividend was extra in the year 2 therefore only available dividend of this year will be paid.
Dividend on common stock;
($320000 – $120000) = $200000
dividend per share
= $2 per share
From the given information, we get the value of ABC = 120°.
<h3>How to estimate the value of ABC?</h3>
Given: In the figure, O exists the center of the circle and OABC exists as a parallelogram.
Now, the radius of the circle exists
OA = OB = OC
Opposite sides of a parallelogram are equal
AB = OC and OA = BC
In ∆OAB,
OA = OB = AB and,
In ∆OCB,
OC = OB = BC
Therefore, ∆OAB and ∆OCB exist in equilateral triangles.
All angles of an equilateral triangle are equivalent to 60°.
Hence, ∠ABC = ∠OBA + ∠OBC
∠ABC = 60° + 60°
∠ABC = 120°
Therefore, the value of ∠ABC = 120°.
To learn more about parallelogram refer to:
#SPJ9
