I think B just because it makes most sense
Answer:
$12,600
Explanation:
Annual Dividend to preferred stock = $1,140,000 × 7%
= $79,800
A schedule of preferred stock dividend in Arrears is as follows :
Dividend Paid Arrears
2016 $79,800 $54,000 $25,800
2017 $79,800 $54,000 $51,600
2018 $79,800 $131,400 0
Dividends of $131,400 has to be paid in 2018 to cover all the arrears.
Principle : Preference dividends (and their arrears if cumulative) are paid first before dividends distribution to common stock holders.
Common Stock Holders receive the remaining amount of dividends of $12,600 ($144,000 - $131,400)
The main purpose of a code of ethics is to establish basic principles in order to preserve the integrity of the business and its workers.
Answer:
$62
Explanation:
Breakeven point is the production level at which the revenue gained is equal to the cost incurred in producing a product.
It is an important consideration because businesses can plan on how to increase profits by producing more above this level.
The formula for break-even is given as
Breakeven= Fixed cost ÷(Price - Variable cost)
To get the price to breakeven, we will take breakeven point as 50 massages per day
50= 1,850 ÷ (Price - 25)
50* (Price - 25)= 1,850
(50* price) - (50* 25)= 1,850
Price = (1,850 + 1,250) ÷ 50
Price= $62
