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Anna007 [38]
2 years ago
6

Coronado, Inc. has 3500 shares of 4%, $50 par value, cumulative preferred stock and 70000 shares of $1 par value common stock ou

tstanding at December 31, 2019. The board of directors declared and paid a $2700 dividend in 2019. In 2020, $18900 of dividends are declared and paid. What are the dividends received by the preferred and common shareholders in 2020
Business
1 answer:
Kamila [148]2 years ago
8 0

Answer:

$11,300 and $7,600

Explanation:

The computation of the dividend received by the preferred and common shareholders in the year 2020 is given below:

For the year 2019

Dividend paid to preferred shareholder = 3,500 shares × 4% × $50 = $7,000

But the dividend is paid $2,700

So, the balance left is

= $7,000 - $2,700

= $4,300

Now for the year 2020

Dividend paid to preferred shareholder = 3,500 shares × 4% × $50 = $7,000

But the dividend for 2019 is $4,300

So, the total dividend paid is

= $7,000 + $4,300

= $11,300

And, the total dividend declared is $18,900

So for common shareholders, the dividend would be

= $18,900 - $11,300

= $7,600

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Answer:

E. Follow-up

Explanation:

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Follow-up means things that can be done by the salesperson in order to Improve customer relation.

Follow-up services helps to:

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3 years ago
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mina [271]
C. Display would be the most accurate
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Rudy's, Inc. and Blackstone, Inc. are all-equity firms. Rudy's has 1,500 shares outstanding at a market price of $22 a share. Bl
aleksandr82 [10.1K]

Answer:

Merger premium per share is equal to $2

Explanation:

Step 1. Given information.

  • 1500 shares outstanding
  • market price of 22
  • Blackstone has 2.500 shares
  • Outstanding price 38
  • Blackstone acquire Rudy's for $36.000

Step 2. Formulas needed to solve the exercise.

Merger premium per share = (Blackstone acquire Rudy's /shares outstanding) - market price

Step 3. Calculation.

Merger premium per share = ($36,000/1,500) - $22 = $2

Step 4. Solution.

Merger premium per share is equal to $2

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3 years ago
By lowering production costs, _____ help domestic producers compete against foreign imports
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The policy that lowers production costs and helps domestic producers to compete with imports are <u>D. subsidies. </u>

<h3 /><h3>What are subsidies?</h3>

This is a government policy where the government pays for some of the costs of production for local firms.

This allows the local firms to then sell their goods at a lower price so that they can compete with cheaper imports.

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A. tariffs

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C. tariff rate quotas

D. subsidies

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2 years ago
Why must the eliminating entries be entered in the consolidation worksheet each time consolidated statements are prepared?
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Answer:

The reason to prepare the consolidation worksheet is to maintain the record of what is finally entered in the books to record the transactions in between the holding and subsidiary.

This basically thus, requires the elimination of all the assets and liabilities of the subsidiary, and creation of such assets and liabilities into the balances of the holding(parent) company. In this manner the elimination is necessary to record.

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