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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

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Answer:

False

Explanation:

A firm should end production and shut down only when its total revenue falls below variable costs, because at this point, production will bring about more losses, compared to if the company isn't producing at all.

<u>If total revenue exceeds and can cover its variable cost, a firm should remain in operation in the short run</u> (even if it is incurring losses), as this contributes to paying off the firm's fixed costs.

8 0
3 years ago
In a competitive market, if production (and consumption) continues until the marginal benefit of one more unit equals marginal c
Pachacha [2.7K]

Answer:

False

Explanation:

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3 years ago
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If you want to know whether a company had a profit or a loss during a specific period of time, which financial statement would b
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a. Raising interest rates encourages people to save: positive statement

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Normative statements come from a viewpoint or an opinion. As a result, the terms "should," "ought," or "it is preferable to" are commonly used. Normative statements can never be proven to be true.

Conversely, positive statements can often be put to the test in theory, if not always in practice. Positive statements are not value judgments. They are predictions of what it is, was, or will become.

Thus, option A is a positive statement and rest are normative statements.

Learn more about positive and normative statements here:

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