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
bezimeni [28]
3 years ago
7

On January 2, 2010, Porter Corporation issued 30,000 shares of 6% cumulative preferred stock at $100 par value. On December 31,

2013, Porter Corporation declared and paid its first dividend. What dividends are the preferred stockholders entitled to receive in the current year before any distribution is made to common stockholders?
Business
1 answer:
levacccp [35]3 years ago
5 0

Answer:

$720,000

Explanation:

The computation of the dividend received by the preferred stockholders is shown below:

= Number of shares issued × cumulative dividend percentage × par value per share × number of shares

= 30,000 shares × 6% × $100 × 4 years

= $720,000

By applying the above formula we can get the dividend received by the preference shareholders

You might be interested in
A survey of entrepreneurs focused on their job characteristics, work habits, social activities, leisure time, etc. One question
SVEN [57.7K]

Answer: Hello below is the complete question

A survey of entrepreneurs focused on their job characteristics, work habits, social activities, leisure time, etc. One question put to each entrepreneur was, "What make of car (U.S., Europe, or Japan) do you drive?" The responses (number in each category) for a sample of 100 entrepreneurs are summarized below. The goal of the analysis is to determine if the proportions of entrepreneurs who drive American, European, and Japanese cars differ.

U.S. Europe Japan

40 35 25

In order to determine whether the true proportions in each response category differ, a one-way chi-square analysis should be conducted. Suppose the p-value for the test was calculated to be p=0.1738 . What is the appropriate conclusion to make when testing at α = 0.10?

Answer : The conclusion to be drawn is that We cannot reject the Null hypothesis if we use a one-way chi square analysis because at α = 0.1 from the chi-square  tabulated p-value = 0.584 while the calculated /given p-value is = 0.1738

Explanation:

Data given:

p-value = 0.1738

α = 0.10

sample size = 100

U.S cars = 40,      Europe cars = 35,   Japan cars = 25

The conclusion to be drawn is that We cannot reject the Null hypothesis if we use a one-way chi square analysis because at α = 0.1 from the chi-square  tabulated p-value = 0.584 while the calculated /given p-value is = 0.1738

6 0
3 years ago
As of November 29, it appears that Notel will report earnings per share (EPS) of $1.15 for the quarter ended November 30. Which
astra-53 [7]

Answer: D.  The company reissues the treasury stock it holds.

Explanation:

Earnings per share is calculated by dividing the Net Income by the weighted average number of shares that a company has outstanding. If the company reissues treasury stock, this would increase the number of average stock outstanding thereby increasing the denominator of the EPS equation which would have the effect of reducing the Earnings per share.

For instance, if a company had net income of $50 and common equity outstanding of $40, the EPS would be;

= 50/40

= $1.25

If the company reissues treasury stock of $30, the EPS would change to;

= 50/ (40 +30)

= $0.71

8 0
3 years ago
The movie was great, but the sound was terrible. Many theatergoers take to social media to complain. Which action is most likely
Strike441 [17]
Where are the options?
3 0
3 years ago
Read 2 more answers
It is ultimately up to the buyer to avoid fraud.
11111nata11111 [884]
That statement is True

Frauds are gonna exist, no matter what country you're in

No matter how many frauds are there that exist around, if you're smart enough to recognize it , you won't fall into the fraud

Otherwise, no matter how hard the Governments' work to reducing the amount of frauds around you, if you're unaware and gullible, there's a pretty high chance you're gonna fall to one


8 0
3 years ago
The simple case of a fixed per-unit tax is indicative of more complicated ones. consider a proportional sales tax and a progress
mars1129 [50]

<span>The tax revenues and quantities produced compare in these various cases in a way of the said proportional tax. The proportional tax is a type of tax processes and system that need the percentage of equal value and it came from the people who pay tax.</span>

8 0
4 years ago
Other questions:
  • Discuss special considerations for using blogs and wikis in research
    15·1 answer
  • Which task is the responsibility of middle management?
    15·1 answer
  • Social security numbers, financial account numbers, credit card numbers, and date of birth are examples of
    8·1 answer
  • An author just signed a lucrative contract with a publisher that offers to pay her the amount of $600 at the end of year 9 when
    15·1 answer
  • Kelly was working as a chef for a restaurant chain, She was promised a salary of $3,000 per month as her gross pay. She began pl
    14·1 answer
  • What are high-risk loans?
    7·2 answers
  • 1. Formulate a unique business idea and state the mission and vision statements
    9·1 answer
  • What improvement tool would you use to identify all possible reasons for the increase in complaints about the HIM department
    9·1 answer
  • John has two hours before having to go to his part-time job. He is deciding between studying for a math exam and taking a nap. I
    10·1 answer
  • The family business is looking to expand, and some members of the family, but not all, feel that it might be worth bringing in s
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!